Wednesday, September 30, 2009

Daily Business Update from the Boston Globe

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Wednesday, September 30, 2009

Marriott leases office space at River's Edge
By Chris Reidy, Globe Staff Marriott International Inc. said it has leased 32,000 square feet of office space at a new mixed-use development project called River's Edge that covers 30 acres of land in Medford, Malden, and Everett. Plans call...

A123 Systems closes IPO, raising $438 million
Associated Press Lithium-ion battery manufacturer A123 Systems Inc. said it has closed its initial public offering of 32.4 million shares, raising $437.5 million. The Watertown-based company sold the shares at $13.50 each, including 31.7 million shares sold by the company...

EMD Serono seeks approval for MS pill
By Robert Weisman, Globe Staff Rockland biotechnology company EMD Serono Inc. said today it has submitted an application to the Food and Drug Administration for approval of a pill to treat multiple sclerosis. The tablet, a formulation of cladribine, has...

Suffolk panel to look at the business of life sciences
The Sawyer Business School at Suffolk University has scheduled a Life Long Learning Series panel for tomorrow on ?Leading the Business of Life Sciences.? "The panel will address how Massachusetts can remain the number one region in the nation and...

Raytheon gets $7m Navy deal
Associated Press Raytheon Co., the Waltham defense contractor, received a nearly $7 million contract boost from the Navy to provide engineering and technical services to support the standard missile program, the Pentagon said. Work will be performed in Tucson, Ariz.,...

BofA sells some asset management ops to Ameriprise
Associated Press Bank of America Corp. said it is selling the long-term asset management business of one of its units to Ameriprise Financial Inc. Ameriprise, a financial planning services firm based in Minneapolis, will pay between $900 million and $1.2...

Dyax offering 5.5 million shares of stock
Associated Press Cambridge biotechnology company Dyax said it is publicly offering 5.5 million shares of common stock. The offering is expected to close on or about Oct. 5. Jefferies & Co.is the sole bookrunning manager and has a 30-day option...

Who, What, Where
Thomas P. Fay and Brian O?Connor have joined Citizens Financial Group, the Providence holding company that owns Citizens Bank. Fay's title is chief investment officer and director of wealth management services. O?Connor is senior vice president and head of relationship...

TRC will give Mississippi bridge a facelift
TRC Cos. Inc., which has operations in Lowell, said it has been awarded a three-step contract valued in the $1.5 to $3 million range by the Louisiana Department of Transportation and Development. The contract calls for TRC to "provide design...

Cheapskate Halloween could yield more creativity
By Chris Reidy, Globe Staff Halloween falling on a Saturday, as it does this year, is generally a boon for merchants who sell candy and costumes - Saturday nights puts trick-or-treaters into a partying mood and disposed to down way...

CVS and Microsoft Health Vault expand partnership
CVS/pharmacy customers now have the ability to securely download their prescription histories to their individual Microsoft HealthVault record, CVS Caremark Corp. said in a press release. Microsoft HealthVault is a personal health application platform designed to put consumers in control...

MooBella brings its ice cream to Northeastern
By Chris Reidy, Globe Staff Unlike strong drink, it won't turn a mild mannered chap into a one-man hubbub, but ice cream has its fans, and those fans might want to take note of an event scheduled for today at...

Southwest Airlines is offering discount fares
By Paul S. Makishima, Globe Staff Southwest has sprung a sale for travel through Feb. 11. Sale fares from Logan run as low as $59-$149 each way and reservations must be made before Oct. 16. This sale, while not offering...

AMSC gets $100 million order
American Superconductor Corp., a Devens company focused on energy technologies, said that it has signed a $100 million-plus contract with Beijing-based Sinovel Wind Corporation Limited. The contract calls for American Superconductor, which refers to itself as AMSC, to supply...

Today in Globe Business
Signs point to recovery in Mass. housing Massachusetts home sales posted the second consecutive month of year-over-year increases in August as more buyers came off the sidelines and prices continued to rise, the clearest signs yet the housing market is...

Tuesday, September 29, 2009

City Council threatens a Hyatt boycott over firings
By Katie Johnston Chase, Globe Staff The City of Boston formally joined the battle against Hyatt today, issuing a resolution condemning the hotel company's "poor treatment of its employees" and stating that the City Council will join the boycott of...

Greater Boston office vacancy rate hits 15 percent
The third-quarter vacancy rate for the Greater Boston office market is 15.0 percent, up 0.5 percent from the second quarter, said Richards Barry Joyce & Partners in its officeSTATus report. The vacancy rate was 13.1 percent in the third quarter...

Breaking Sports Alert: Red Sox clinch wild card

Although the Red Sox lost last night to the Blue Jays, the Rangers lost early this morning to the Angels, clinching the American League wild card spot in the playoffs for the Red Sox.

The Boston Globe's Daily Headlines

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Boston Globe Daily Headlines
September 30, 2009 Page One   Sports   City | Region   Living | Arts   Business   Editorial | Opinion

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