Friday, September 4, 2009

Daily Business Update from the Boston Globe

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Friday, September 4, 2009

State issues alert on unemployment benefits
The Massachusetts Executive Office of Labor and Workforce said it has launched an effort to notify long-term unemployed residents who have exhausted their unemployment benefits about state resources and safety net services that can assist them. Officials estimate that 21,000...

Sour economy grounds N.E. icon, the Hood Blimp
By Jon Phelps, Globe Correspondent The red-and-white Hood Blimp -- which has been flying over Sox games since 1997-- has been grounded all summer because of a dispute between HP Hood and the firm that leases the blimp to the...

Maine widens school laptop program to high schools
Associated Press FARMINGDALE, Maine -- The state that was first to provide laptops to every seventh and eighth grader in its public schools is taking its campaign to the high schools, and Maine's top education official vowed Thursday that every...

Biogen Idec makes bid for Facet Biotech
By Chris Reidy, Globe Staff Biogen Idec Inc., a Cambridge biotechnology company that generates much of its revenues from multiple sclerosis drugs, said it has submitted a proposal to acquire all outstanding shares of Facet Biotech Corp. for $14.50 per...

Bureau compiles a time line of region's labor events
The Boston office of US Bureau of Labor Statistics has decided to honor Labor Day by compiling a time line of "significant labor developments" in New England. To view that time line, please click on "Full entry."...

Solar power, Tiger Woods, and golf
(File photo of Tiger Woods: Timothy A. Clary/AFP/Getty Images) By Chris Reidy, Globe Staff While duffers frolic and pros birdie and par, Evergreen Solar Inc. said that some of its solar panels will be showcased at the Deutsche Bank...

Vermont Teddy Bear Co. has a deal for you
By Chris Reidy, Globe Staff First there was "Cash for Clunkers." And now there is "Bucks for Bears." The Vermont Teddy Bear Co. said it has just launched a promotion that draws inspiration from the recent government "cash for...

IDC reports on enterprise storage systems market
By Chris Reidy, Globe Staff Worldwide external disk storage systems factory revenues fell 18.3 percent in the second quarter when compared to the same quarter a year ago, IDC reported. ?The enterprise storage systems market continued to feel the impact...

Today in Globe Business
Medical grants are a boon for Massachusetts Massachusetts biomedical researchers are seeing a windfall from federal stimulus money, with the state receiving more in grants from the National Institutes of Health than all others but California. With $178 million in...

Thursday, September 3, 2009

Helicos BioSciences rises on partnership talks
Associated Press Shares of Helicos BioSciences Corp. jumped after the genetic analysis instrument company said it hired an investment bank to look at options, including equity financing, joint ventures, and partnerships. Cambridge-based Helicos said it is discussing those options with...

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