Friday, September 11, 2009

Daily Business Update from the Boston Globe

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Friday, September 11, 2009

Trade group opposes tax on medical devices
By Robert Weisman, Globe Staff A trade group representing 225 Massachusetts medical device companies today sent a letter to Senator John F. Kerry opposing a proposed tax on medical equipment and diagnostics being considered by the Senate Finance Committee as...

Hacker pleads guilty in Boston court
By Todd Wallack, Globe Staff Albert Gonzalez, the 28-year-old hacker accused of orchestrating some of the biggest credit card heists in US history, pleaded guilty yesterday in federal court in Boston to 20 counts of conspiracy, fraud and other charges....

Southwest Airlines plans Hub-Denver service
(File photo: Charles Dharapak/AP) By Paul S. Makishima, Globe Staff Southwest Airlines says it will launch service from Boston to Denver with two daily nonstop round-trips starting Jan. 10. The announcement marks the second addition the Dallas-based, lower-price carrier...

Stop & Shop offers flu shot discount for card holders
By Chris Reidy, Globe Staff The Stop & Shop Supermarket Co. said it will provide flu shots at a $10 discount to consumers who are Stop & Shop loyalty card holders. The Quincy-based chain said that it has been providing...

Alkermes has a new chief executive
By Chris Reidy, Globe Staff Alkermes Inc., a Cambridge biotechnology company, today announced that Richard Pops (right) will assume the duties of president and chief executive, effective immediately. In a press release, Alkermes said, "Mr. Pops, who will retain his...

Law firm renews One Post Office Square lease
By Chris Reidy, Globe Staff Boston law firm Sullivan & Worcester LLP is renewing its lease for 115,265 square feet of space at One Post Office Square, an office building in the city's Financial District, brokers involved in the transaction...

Newell Realty gets financing from Washington Trust
By Chris Reidy, Globe Staff Washington Trust Co. said that its commercial real estate group has provided $4.2 million in financing to Newell Realty, a Fall River developer, to refinance a small shopping center in East Providence, R.I. "The property...

Evergreen unveils new line of solar panels
By Chris Reidy, Globe Staff Evergreen Solar Inc. today introduced its new ES-C Series solar panels, designed to substantially expand the company's offering for the global off-grid market. Headquartered in Marlborough, Evergreen Solar is a manufacturer of STRING RIBBON solar...

Horticultural society will participate in flower show
(Flower show file photo: David L. Ryan/Globe Staff) By Chris Reidy, Globe Staff The organizer of the 2010 Boston Flower & Garden Show said that the Massachusetts Horticultural Society and the Garden Club Federation of Massachusetts Inc. will participate...

Millennium starts Phase II trial of cancer drug
By Chris Reidy, Globe Staff Takeda Pharmaceutical Co. Ltd. and its Cambridge subsidiary Millennium: The Takeda Oncology Company announced the start of the Phase II portion of a Phase I/II clinical trial of a potential treatment for advanced prostate cancer....

Suit against Unitil moves forward
Associated Press WORCESTER -- A Superior Court judge has allowed a lawsuit brought by residents and businesses served by electric utility Unitil to go forward. The 13 plaintiffs are seeking damages for losses incurred in an ice storm that hit...

Today in Globe Business
Coin flip Some in Gloucester may be feeling a little short-changed by the United States Mint. The federal agency this week rejected the Gloucester Fisherman?s Memorial as a national historic site to be engraved on the back of a US...

Thursday, September 10, 2009

Harvard endowment posted 27 percent loss
Harvard University's endowment lost 27.3 percent of its value in its most recent fiscal year, or nearly $11 billion, as tumultuous markets ate away at one of the school's main sources of funding and forced a number of cutbacks. In...

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...

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