Friday, October 2, 2009

Daily Business Update from the Boston Globe

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Friday, October 2, 2009

L. Knife and Son is up for beer honors
By Chris Reidy, Globe Staff Chances are that many local beer lovers are unfamiliar with the name of L. Knife and Son Cos., but fans of craft brews may know some of the brands that the Danvers-based L. Knife and...

Southern Union must pay $18m in RI mercury case
Associated Press PROVIDENCE - The Southern Union gas company has been ordered to pay $18 million for illegally storing hazardous mercury waste in a rundown building in Rhode Island. US District Judge William Smith today fined the Texas company $6...

Aquarium unveils new phase of Live Blue initiative
The New England Aquarium is launching a new phase of its outreach campaign that urges people to live "blue lifestyles," said Mullen, the Boston ad agency that works on the campaign. Called the "Live Blue Initiative," the campaign seeks...

Staples aims to improve its environmental footprint
Staples Inc., the Framingham-based retailer of office supplies, said it has signed an agreement with the Rainforest Alliance to analyze and improve the environmental and social footprint of the company's paper supply. The Rainforest Alliance is a nonprofit conservation organization....

Genzyme is selected for sustainability indexes
Genzyme Corp., a Cambridge biotechnology company, said it has been included for the first time on the Dow Jones Sustainability World Index. The index tracks companies that practice corporate sustainability, which is defined as a business approach that "creates long-term...

Rosengren: Fed should keep stimulating economy
By Robert Gavin, Globe Staff The Federal Reserve and federal government should maintain policies that stimulate the US economy until unemployment begins to retreat and the threat of a destructive downward cycle of prices known as deflation recedes, Eric Rosengren,...

Restaurant readies for spinach-eating contest
(Handout file image of a famous spinach connoisseur.) Does Popeye know about this? A restaurant chain called b.good has scheduled a spinach-eating competition for tomorrow. First prize: A championship belt and free b.good burgers for a year - something...

ZOLL wins defibrillator contract
ZOLL Medical Corp. said that the US Defense Logistics Agency has awarded it a follow-on defibrillator contract that could be worth up to $30 million. Chelmsford-based ZOLL is a medical device company that focuses on resuscitation and temperature control therapies...

Today in Globe Business
Is bank chief's retiring forced? Ken Lewis?s explanation that he will retire soon from Bank of America Corp. on his own terms continued to be met with skepticism yesterday. Meanwhile, government investigators vowed to keep investigating the company?s controversial acquisition...

Thursday, October 1, 2009

Dunkin' president steps down
By Jenn Abelson, Globe Staff Dunkin' Donuts president and chief brand officer William Kussell is stepping down from his post and Dunkin' Brands chief executive Nigel Travis is taking over the day-to-day operations, effective immediately. Kussell, a key player in...

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 reached a high for the day of of...

Life sciences execs worry about funding drug research
By Robert Weisman, Globe Staff Life sciences companies face a funding squeeze as pharmaceutical giants consolidate and financial markets cool toward biotechnology start-ups, industry leaders said this afternoon. "The biotechnology industry is a huge consumer of capital," Peter Wirth, executive...

State resolution to boycott Hyatt shot down
By Katie Johnston Chase, Globe Staff Republicans today shot down a Senate resolution by three state Democrats to boycott Hyatt Hotels Corp. The resolution was filed in response to the hotel chain's firing of 98 staff housekeepers from the three...

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...

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