Friday, August 28, 2009

Daily Business Update from the Boston Globe

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Friday, August 28, 2009

Fast food gets haute makeover by website chef
Associated Press At FancyFastFood.com, dashboard dining gets a serious -- and seriously upscale -- makeover. Big Macs are transformed into elegant strips of "McSteak." Cream-filled Dunkin' Donuts are scooped out to make "Boston Kreme Brulee." And Nathan's hot dogs...

Saks to sell Timberland shoes
Associated Press Timberland Co., a New Hampshire cobbler famed for its signature yellow boots, said that Saks Inc. will begin to offer Timberland items at some Saks Fifth Avenue stores beginning in September. Saks Fifth Avenue will offer a line...

Fla. man accepts plea in record data theft case
Associated Press MIAMI -- An accused computer hacker charged in what prosecutors call the largest identity fraud case in US history has agreed to plead guilty to conspiracy, wire fraud, and aggravated identity theft charges. Under a plea agreement with...

Monster Worldwide shares up on stabilizing trend
Associated Press Shares of Monster Worldwide Inc. jumped as an analyst said the online help-wanted service is the only major Internet employment site that is stabilizing. "While all three of the large job boards reported more declines in July, Monster...

FDA: Issues with Genzyme study of leukemia drug
Associated Press Federal regulators on Friday questioned whether Genzyme's leukemia drug Clolar should be approved for older patients based on limited studies conducted by the biotech drugmaker. Cambridge-based Genzyme Corp. has asked the Food and Drug Administration to approve its...

Officials lobby Pratt to keep jobs in Connecticut
Associated Press Machinists union members will rally to protect their jobs at jet engine maker Pratt & Whitney. The rally this afternoon outside the union's East Hartford office comes as Pratt & Whitney decides whether to eliminate as many as...

Mass. Bar officers are ready to begin new term
By Chris Reidy, Globe Staff The Massachusetts Bar Association said its slate of officers for the 2009-10 term has officially been set, with the term set to begin Sept. 1 Serving as president for the new term will be Valerie...

Dynamics Research wins government task order
By Chris Reidy, Globe Staff Dynamics Research Corp. said that it was awarded a federal government task order with an estimated value of up to $11.5 million. The contract calls for the company to "continue providing thought leadership, analysis, and...

RI, union takes fight over benefits to court
Associated Press PROVIDENCE -- The battle over public employee health benefits in Rhode Island has entered federal court. A US District Court judge yesterday listened for 90 minutes as attorneys for Governor Don Carcieri and the state's largest employees union...

Talbots relaunches its website
By Chris Reidy, Globe Staff Talbots Inc., the Hingham retailer perhaps best known for its classically styled women's clothing, unveiled the re-launch of its website with "new functionality, features, and personalization that align its online shopping experience with its...

Netezza 2Q profit plunges on sales, costs
Associated Press MARLBOROUGH -- Netezza Corp., which makes products that enable companies to store and analyze large amounts of data, said Thursday its second-quarter profit plunged on a mix of sliding sales and higher costs. For the three months ended...

Novell posts 3Q profit as it cut costs
Associated Press WALTHAM -- Novell Inc., which sells computer-networking software and technology services, said Thursday it swung to a third-quarter profit from a year earlier as it cut operating expenses by 20 percent. The results, however, missed Wall Street's expectations....

Today in Globe Business
Waterfront project is scaled back Developer John E. Drew, facing stiff economic headwinds, is scaling back plans for a massive urban shopping center on the South Boston Waterfront and will shift to building more residences, which are seen as easier...

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