Thursday, October 1, 2009

Daily Business Update from the Boston Globe

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Thursday, October 1, 2009

iRobot looks to upgrade battlefield robots
By Chris Reidy, Globe Staff Bedford's iRobot Corp. said it moving ahead on research to improve its battlefield robots after receiving a grant from the Joint Ground Robotics Enterprise, a unit of the US Department of Defense. The company...

UMass-Lowell institute gets reprieve
The Toxics Use Reduction Institute at the University of Massachusetts at Lowell is in line to receive $1.3 million in federal funding, enough money to keep the institute running for the next nine months, UMass-Lowell chancellor Marty Meehan said today...

Facet board recommends rejection of Biogen bid
Facet Biotech Corp. said today that its board of directors has unanimously recommended that its stockholders reject the unsolicited conditional tender offer from Biogen Idec Inc. to acquire all of the outstanding shares of Facet Biotech common stock for $14.50...

Shares of A123 Systems jump after IPO closes
Associated Press Shares of lithium-ion battery maker A123 Systems Inc. jumped in morning trading, a day after the Watertown-based company closed its initial public offering of 32.4 million shares. A123 Systems shares jumped $2.35, or 11 percent, to $23.67 in...

Verizon FiOS TV talks up new Patriots content
Massachusetts and Rhode Island subscribers to the Verizon FiOS TV service will now have access to some free, 24/7 New England Patriots video content, including news conferences by coach Bill Belichick (right) and star quarterback Tom Brady, Verizon Communications said...

Raytheon awarded $100m contract with Air Force
Associated Press Raytheon Co., the Waltham defense contractor, said that it has been awarded a five-year contract worth up to $100 million to improve secure combat identification for the US Air Force. Raytheon will produce up to 8,000 KIV-77 applique...

Putnam chief calls for new kind of retirement plans
The head of Putnam Investments said in a speech that what's needed is a new generation of workplace savings plans that protect people from economic downturns such as the recession that the country is now enduring. Putnam, a Boston money...

Thermo Fisher completes Brahms acquisition
Thermo Fisher Scientific Inc., a Waltham company that makes scientific instruments, announced that it has completed its previously announced $470-million acquisition of Brahms AG. Brahms is a German company that makes diagnostic tests. In a press release, Thermo Fisher said...

Teradyne updates guidance
Teradyne Inc. updated guidance for its third quarter and now expects revenue in the $250 million to $260 million range. The North Reading company, which makes testing equipment for electronics manufacturing, added that net income per share is expected to...

Cybex looks to raise breast cancer awareness
Cybex International Inc., a Medway-based manufacturer of exercise equipment, unveiled its latest effort to support breast cancer research. The company said that hundreds of its CYBEX 750T pink treadmills are deployed in health clubs, YMCA?s, hotels and spas, student...

Hungarian drug company taps Phase Forward
Phase Forward, a Waltham company that provides data management services to drug companies engaged in clinical trials of new products, announced a multi-year agreement with Gedeon Richter Plc., a pharmaceutical company headquartered in Hungary. To read Phase Forward's press release,...

Beancounters to descend on Beantown
Dust off the green eye-shades and recharge those pocket calculators: Boston is scheduled to play host to a convention of accountants next year. The National Association of State Boards of Accountancy has booked its 2010 national expo from Sept. 29...

Vampires, Halloween, and Michael Jackson. Oh, my!
(AP file photo of actor Bela Lugosi as the vampire Dracula) Faux fangs and black capes could be must-have accessories this Halloween as vampire costumes promise to be big this year. According to a survey by the National Retail...

Today in Globe Business
New day, new fray for labor chief Janice Loux knows a thing or two about putting up a fight. The union president was thrown in jail for trying to give workers at the Logan Airport Hilton turkeys one Thanksgiving. She...

Wednesday, September 30, 2009

Taiwan company ups deal for Cambridge's E Ink
By Robert Weisman, Globe Staff The company that agreed in June to buy E Ink Corp. of Cambridge for $215 million in cash today said it is sweetening the deal after some E Ink investors complained the price undervalued the...

Channel 5 is set to launch talk show on local politics
By Johnny Diaz, Globe Staff With politics commanding the Boston airwaves recently, WCVB-TV (Channel 5) has decided to launch a new weekly show dedicated to political discussions. This Sunday at 10 a.m., WCVB is set to debut "On The Record,''...

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