Monday, September 21, 2009

Daily Business Update from the Boston Globe

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Monday, September 21, 2009

Mel's, Spooky World plan memorable Halloween
(Image provided by Mel's Funway) By Chris Reidy, Globe Staff Mel?s Funway Park LLC, which purchased assets and the name of Spooky World last year, said its 20-acre location in Litchfield, N.H., is gearing up a joint Halloween extravaganza...

iParty gears up for Halloween
By Chris Reidy, Globe Staff iParty, a Dedham-based party goods company, said it has opened four temporary stores for Halloween, including two in Boston. One Hub store is located at 365 Boylston St. and the other is in Dorchester's...

Maine vodka entrepreneurs look south
Cold River Classic Vodka and Blueberry Vodka are hitting store shelves in Virginia, Tennessee, and Georgia, and they have been "relaunched" in Florida with a new distributor, the company said. "The Maine-made, gluten-free potato vodka will now be available in...

TJX announces $1 billion buyback program
Associated Press TJX Cos., the Framingham company that operates such apparel and home furnishing chains T.J. Maxx, Marshalls, HomeGoods, and A.J. Wright, said that its board of directors approved a new buyback plan authorizing purchases of up to $1 billion....

Raytheon gets $42m Navy deal for pod systems
Associated Press Raytheon Co. received a $42 million contract from the Navy to provide 14 infrared pod systems and spares to the Swiss Air Force, the Waltham defense contractor said. The advanced targeting forward looking pod system, ATFLIR, will be...

Mass. gas prices fall 4 cents a gallon
Gasoline prices in Massachusetts fell for the third straight week, AAA Southern New England said. AAA?s Sept. 21 survey of prices in Massachusetts found self-serve, regular unleaded averaging $2.569 per gallon, down 4 cents from last week. "The current price...

Who, What, Where
Sean Woodroffe (right) has been appointed head of human resources for the US business of Sun Life Financial Inc., a Canadian financial services company with offices in Wellesley. Prior to joining Sun Life, Woodroffe was division head for the United...

Biogen Idec presses its case to buy Facet Biotech
By Chris Reidy, Globe Staff Biogen Idec Inc., the Cambridge company that is the world's largest maker of multiple sclerosis drugs, said that it has commenced a tender offer to acquire all of the outstanding shares of Facet Biotech Corp....

Inverness agrees to buy Seattle company
By Chris Reidy, Globe Staff Inverness Medical Innovations Inc. of Waltham said it has agreed to acquire Free & Clear Inc., a Seattle company specializing in programs that seek to address such health risks as poor nutrition, physical inactivity, and...

Reveal Imaging Technologies lands $30m order
Reveal Imaging Technologies Inc. said in a press release that it has received a $30 million order from the US Transportation Security Administration for its next-generation explosives detection system. Headquartered in Bedford, Reveal Imaging Technologies is a privately held...

PrimeraDx closes on financing round
PrimeraDx Inc. said it has closed on its $20 million Series C financing. Headquartered in Mansfield, PrimeraDx is a privately held molecular diagnostics company. In a press release, the company said, "The financing was led by CHL Medical Partners and...

Spinning flywheels said to make greener energy
Associated Press TYNGSBOROUGH -- Spinning flywheels have been used for centuries for jobs from making pottery to running steam engines. Now the ancient tool has been given a new job by a Massachusetts company: smooth out the electricity flow, and...

Green Mountain unveils new joe-and-cocoa lineup
Green Mountain Coffee Roasters Inc. said in a press release that it is now offering Cafe Escapes, a premium collection of lattes and hot cocoas in K-Cup portion packs for use with Keurig Single-Cup Brewing Systems. The lineup includes...

Scary times for pumpkin growers in New England
(File photo: David L. Ryan/Globe Staff) Associated Press PORTLAND, Maine (AP) -- New England pumpkin growers, who spent the early summer mostly losing a battle with rain that destroyed many pumpkins, face the frightening prospect that the rest won't...

Today in Globe Business
Genzyme struggles to recover from virus CAMBRIDGE - Genzyme Corp.?s chief executive, Henri A. Termeer, was at his summer home in Maine on June 13 when he got a phone call confirming what he already feared: A virus had infected...

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