Tuesday, September 8, 2009 Galvin settles with Madoff feeder fund
By Beth Healy, Globe Staff Secretary of State William F. Galvin's office has reached a settlement agreement of $8 million with Bernard Madoff feeder fund Fairfield Greenwich Advisors. The hedge fund had previously offered $6 million, which the state turned... PlumChoice completes $14.7m financing
By Chris Reidy, Globe Staff PlumChoice, a Billerica company that provides online repair and assistance for digital devices ranging from personal computers to smartphones, announced the completion of a $14.7 million round of funding. "Funding sources included follow-on investments from... Governor Patrick seeks relief for state's farmers
Associated Press Governor Deval L. Patrick is asking federal agricultural officials to declare the cool, wet summer a disaster for most Massachusetts farms, making growers eligible for up to $500,000 in low-interest government loans. Patrick writes in a letter to... NC Highway Patrol converts to Smith & Wesson
Smith & Wesson Holding Corp, the legendary Springfield gun company, said that the North Carolina Highway Patrol has chosen to equip all of its officers with Smith & Wesson Military & Police (M&P) Series pistols and with M&P Series... Still River Systems has a new chief executive
By Chris Reidy, Globe Staff Still River Systems Inc., a privately held medical device company in Littleton, said that Joseph K. Jachinowski has been appointed as chief executive. He succeeds Marc Buntaine, who is assuming the titles of president and... Mass. gas prices fall for the first time in seven weeks
By Chris Reidy, Globe Staff Massachusetts gas prices fell for the first time in seven weeks, dropping 3 cents from a week ago, AAA Southern New England said. The Sept. 8 survey found self-serve, regular unleaded averaging $2.619 per gallon... Helicos sells 4 systems to Japanese institute
Associated Press Genetic analysis instrument company Helicos BioSciences Corp. said it will sell four of its genetic analysis systems to the Japan-based RIKEN Yokohama Institute Omics Science Center. The Cambridge company did not disclose the financial value of the deal.... iRobot gets Army order
(File photo: Bill Greene/Globe Staff) By Chris Reidy, Globe Staff Bedford's iRobot Corp. said today that it has received a $6.1 million Army that calls or the delivery of spare parts for iRobot's PackBot line of battlefield robots. "This... Facet Biotech calls Biogen Idec offer too low
Associated Press Facet Biotech Corp. today turned down a $356 million buyout offer from drug development partner Biogen Idec Inc., saying it doesn't properly value the company and its developing products. On Friday, Cambridge-based Biogen Idec said it would pay... PerkinElmer buys Chinese diagnostics company
By Chris Reidy, Globe Staff PerkinElmer Inc., a Waltham company life sciences company, said it has completed the acquisition of Shanghai-based SYM-BIO Lifescience in a cash transaction equivalent to $63.7 million. "SYM-BIO Lifescience is a major supplier of diagnostics to... State business confidence edged up again in Aug.
By Chris Reidy, Globe Staff An index that seeks to track business confidence in Massachusetts rose a half-point in August to 40.6, a reading that is 7.3 points above the all-time low that the index registered in February. The... Covidien gets an FDA approval
By Chris Reidy, Globe Staff Covidien, a provider of health care products with US headquarters in Mansfield, said that the US Food and Drug Administration has approved DuraSeal spine sealant for use in the United States. The product is used... Storage software market falls 10% from last year
By Chris Reidy, Globe Staff The worldwide storage software market registered another decline in year-over-year growth in the second quarter of 2009; revenues were $2.8 billion, down 9.8 percent from the same quarter one year ago, IDC said in its... BBN Technologies lands Army contract
By Chris Reidy, Globe Staff BBN Technologies, a Cambridge company that played a role in developing the Internet, said it has been awarded a $22.46 million contract by the US Army's Product Manager Robotics and Unmanned Sensors unit. The contract... Today in Globe Business
Former Polaroid site's fate is uncertain Polaroid Corp.?s former headquarters is being auctioned off next month, but a $500 million office and retail project planned for the site is not dead, say Waltham?s mayor and industry analysts. ?I?m not counting... | 
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