Friday, September 18, 2009

Daily Business Update from the Boston Globe

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Friday, September 18, 2009

Unemployment telecom center will close for a day
The Massachusetts Division of the Unemployment Assistance?s TeleClaim Center, which processes unemployment claims over the phone, will be closed tomorrow, the state agency said. The TeleClaim Center will be closed to perform a 24-hour conversion process of the unemployment computer...

MooBella secures $18m as it eyes ice cream launch
By Chris Reidy, Globe Staff MooBella Inc., a Taunton company that is gearing up to market a "make-your-own" ice cream machine, said that it has secured $18 million in Series A funding from W. Health LP, a venture fund...

Financial firm plans move to 100 High St.
Investment Technology Group Inc., a financial technology firm that partners with asset managers, has signed a lease to occupy 73,076 square feet of space at the Boston office building at 100 High St., said a broker involved in the transaction....

Mass. settles with Delta over worker pay schedule
Associated Press Delta Air Lines Inc. has agreed to pay some of its Massachusetts workers on a biweekly basis as part of a settlement with the state attorney's general's office. The agreement resolves allegations that the company failed to pay...

Suffolk Construction wins sub base contract
By Chris Reidy, Globe Staff Suffolk Construction Co. Inc. of Boston said it has been awarded an $8 million contract for a new Waterfront Operations Small Craft Facility at the Naval Submarine Base New London in Groton, Conn. In a...

FDA will review request to update VELCADE label
Millennium: The Takeda Oncology Company, said in a press release that the Food and Drug Administration has agreed to give the Cambridge company an expedited review to Millennium's request to update its label for VELCADE. Velcade was approved as a...

TA Associates, management agree to buy Vatterott
Vatterott Educational Centers Inc. said that TA Associates and management have entered into an agreement to acquire the company from Wellspring Capital Management. Vatterott, headquartered in St. Louis, is a provider of career-oriented post-secondary education in the United States. TA...

GTC gets Nasdaq notice
By Chris Reidy, Globe Staff GTC Biotherapeutics Inc., the Framingham biotechnology company that earlier this year became the first to win federal approval to manufacture a drug by using genetically modified animals, said it has received a letter from the...

Bruker plans public secondary stock offering
Associated Press Scientific instrument maker Bruker Corp. said that it plans a public secondary offering of 12 million shares of its common stock. The shares are being offered by two Laukien family members not involved with the company, with Billerica-based...

Uncle Sam wants Joslin
U.S. Mills LLC, the maker of Uncle Sam cereal, said that the Joslin Diabetes Center will provide educational material for its website at www.usmillsllc.com. The content will serve as a resource to Uncle Sam Cereal consumers, many of whom live...

Protonex lands $600k Navy contract
Protonex Technology Corp. said in a press release that it has received a $598,813 contract with the US Naval Research Laboratory for advanced development of high power fuel cell systems for small unmanned air vehicles. The Southborough company develops and...

Today in Globe Business
N.Y. inquiry has Boston business A-list in its sights Several of New England?s most prominent business executives have been swept up in New York Attorney General Andrew Cuomo?s probe into whether Bank of America misled shareholders about its $50 billion...

Thursday, September 17, 2009

Fired Hyatt workers, supporters rally
By Katie Johnston Chase, Globe Staff A group of about 300 fired Hyatt hotel housekeepers and their supporters rallied at the Hyatt Regency Boston this afternoon starting at 5 p.m. for about 2 hours to protest the company's outsourcing of...

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