Thursday, September 10, 2009

Daily Business Update from the Boston Globe

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Thursday, September 10, 2009

Raytheon gets $77m Air Force missile contract
Associated Press Raytheon Co., the Waltham-based defense contractor, said that it received a $77.4 million US Air Force contract to produce AGM-65D and AGM-65G2 infrared-guided Maverick air-to-surface missiles for Korea and Taiwan. Raytheon said it will build and service more...

ACCION names new chief executive
By Chris Reidy, Globe Staff ACCION International, a Boston-based microfinance company, said it has named Michael Schlein as its president and chief executive. Schlein, president of International Franchise Management at Citigroup, will succeed Maria Otero, who was recently appointed US...

EMC plans big investment in India
EMC Corp., the Hopkinton-based data storage giant, said that it plans to invest $1.5 billion in India from 2010 to 2014. That amount represents a threefold increase to previous investments made by EMC in India over the previous five years,...

Caritas Christi unit is relocating
By Chris Reidy, Globe Staff Caritas Christi Network Services, a division of Caritas Christi Health Care, has executed a lease for 18,584 square feet of space so it can relocate its headquarters to 850 Washington St. in Dedham, a broker...

Metro Boston gears up for redesign
By Chris Reidy, Globe Staff The publisher of Metro Boston said the free newspaper will debut a "radically redesigned" format in its Sept. 14 edition; sister papers Metro New York and Metro Philadelphia will also feature the new look. According...

Papa Gino's will use more Vermont cheddar
By Chris Reidy, Globe Staff Papa Gino?s Pizzeria and sister chain D?Angelo Grilled Sandwiches are expanding their menus as part of an effort to increase the amount of locally-produced cheese that they purchase by more than 170,000 pounds annually, the...

Free ice cream event will raise hunger awareness
By Chris Reidy, Globe Staff Free ice cream alert: Today at noon, the Stop & Shop Supermarket Co. and the Breyers ice cream brand said they plan to start serving up free ice cream as part of an effort to...

Generex drug is OK'd under special FDA program
By Chris Reidy, Globe Staff Generex Biotechnology Corp. said that the Food and Drug Administration has granted approval for the use of its Generex Oral-lyn drug candidate in special circumstances. Generex is a Worcester company specializing in drugs that can...

Greenfield hospital to eliminate 51 jobs
Associated Press GREENFIELD -- Baystate Franklin Medical Center is eliminating 51 jobs and closing some units to deal with a $1.6 million operating loss last year. Officials at the Greenfield hospital say the outpatient behavioral health and substance abuse units...

PerkinElmer wins contract
By Chris Reidy, Globe Staff PerkinElmer Inc. said it has been awarded a contract valued at over $15 million from ITT Corporation Space Systems Division to support the Global Positioning System Block IIIA Space System program. Headquartered in Waltham, PerkinElmer...

Developer will break ground on a BJ's in Quincy
By Chris Reidy, Globe Staff On a site that once housed newspaper printing presses, shoppers may soon find bargains. QBJ Land Development LLC said it has scheduled a ground-breaking ceremony for today for a development project in Quincy. The firm,...

Forrester forum looks at IT security
Forrester Research Inc. said that it anticipates that security-and-risk management budgets will be flat or declining as the recession dissuades senior managers from writing blank checks for information technology security. The Cambridge-based research firm is hosting a security forum that...

Today in Globe Business
Luxury condos at mall are up for auction Bankrupt mall operator General Growth Properties is planning to auction off more than 40 high-end condominiums attached to the upscale Natick Collection with minimum bids starting at $160,000, about 70 percent below...

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