Monday, August 24, 2009

Daily Business Update from the Boston Globe

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Monday, August 24, 2009

US payment-card industry grapples with security
Reuters Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc. and supermarket chain Hannaford Brothers show the challenges facing the efforts of the US credit-card industry to upgrade security measures. While both companies say their computer...

Mass. seeking $100m for high-speed Internet access
Associated Press Massachusetts is seeking $100 million in federal stimulus dollars to expand high-speed Internet access in the western part of the state. Lieutnenant Governor Timothy Murray said Monday the administration hopes the money will supplement $20 million in state...

Chico's taps ATG
By Chris Reidy, Globe Staff Art Technology Group Inc., a Cambridge company that provides support to retailers with online stores, said that it will help Chico's FAS Inc. enhance its "online customer experience." Chico's flagship brand is a line of...

Ariad rises on rehearing for drug patent case
Associated Press Shares of Ariad Pharmaceuticals jumped after a federal court agreed to reconsider whether drugmaker Eli Lilly infringed several drug patents worth millions of dollars. Cambridge-based Ariad said the US Court of Appeals for the Federal Circuit has agreed...

New health club is coming to Auburn Mall
By Chris Reidy, Globe Staff Mall operator Simon Property Group said Everybodys Fitness Center, a high-end health club, is scheduled to open Oct. 1 at its Auburn Mall in Auburn. "Everybodys Fitness Center joins athletic equipment and apparel retailer Olympia...

Mass. gas prices were unchanged from last week
By Chris Reidy, Globe Staff AAA?s August 24 survey of prices in Massachusetts found self-serve, regular unleaded averaging $2.639 per gallon, unchanged from last week, and up 14 cents in the last month, AAA Southern New England reported. "The current...

Hospitality Properties underwriters buy shares
Associated Press Hospitality Properties Trust of Newton said that underwriters of its public offering have bought another 1.2 million common shares worth $19.8 million, as allowed under an overallotment option. The share sale came with a discount. The real estate...

PerkinElmer looks to speed drug development
By Chris Reidy, Globe Staff PerkinElmer Inc., a Waltham company focused on improving the health and safety of people and the environment, said that it has opened a second specialized "good manufacturing practice" services facility in response to customer demand....

Volkswagen is looking for a new ad agency
One big question on Madison Avenue is, "Who will be Volkswagen's new US ad agency?" the trade publication Advertising Age reports. VW is now on the hunt for a new ad agency after parting ways with Crispin Porter & Bogusky,...

Resolvyx says data is positive for dry eye drug
Resolvyx Pharmaceuticals Inc., a privately-held biopharmaceutical company based in Bedford, announced positive data from a Phase 2 clinical study evaluating RX-10045, a potential topical eye drop treatment for patients with chronic dry eye syndrome. To read the company's press release,...

Kick-start your Monday with Energy Coffee
(Company website photo) By Chris Reidy, Globe Staff Call it go-go joe. The New England Coffee Co. is talking up one of its newest products, which it calls "Energy Coffee." A company headquartered in Malden and founded in 1916,...

Today in Globe Business
Hotels are giving children the VIP treatment Chefs are whipping up record numbers of chocolate chip pancakes at the Fairmont Copley Plaza. Recorded readings of ?Make Way for Ducklings?? are in demand around bedtime at the InterContinental Boston. At the...

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