Monday, October 5, 2009

Daily Business Update from the Boston Globe

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Monday, October 5, 2009

TA Associates buys stake in AVG Technologies
TA Associates, a private equity firm with offices in Boston, said it has paid more than $200 million for a minority stake in AVG Technologies, a company focused on providing home and business computer users with comprehensive and proactive protection...

State, Suffolk U plan free career seminar
A state agency said it is teaming up with Suffolk University to offer a free career seminar "designed to help job-seekers cope professionally and personally with the realities of a challenging job market." The agency is the Massachusetts Executive Office...

Court upholds $2m award to Wal-Mart pharmacist
Associated Press The highest court in Massachusetts has upheld a $2 million jury award to a former pharmacist at Wal-Mart Stores Inc. who claimed she was fired by the retail chain after asking to be paid the same as her...

Mass. gas prices fall 6 cents to $2.459 a gallon
For the fifth straight week, gasoline prices in Massachusetts have fallen, dropping 6 cents a gallon in the latest AAA weekly survey, AAA Southern New England said. AAA?s Oct. 5 survey of prices in Massachusetts found self-serve, regular unleaded averaging...

Fantini & Gorga arranges financing for a Lowe's
Fantini & Gorga said it has arranged a $13 million financing of a ground lease for a Lowe?s Home Improvement store planned for Quincy. "The transaction allows the borrower to complete the assemblage of about 16.5 acres of land located...

iBasis gets revised offer from KPN
Burlington's iBasis Inc., a wholesale carrier of international long-distance calls, said that Royal KPN N.V. has revised its unsolicited tender offer to acquire all of the outstanding shares of iBasis common stock not already owned by KPN and its affiliates...

e-Dialog is working with JetBlue
Burlington's e-Dialog, a provider of e-marketing services, said that it is working with JetBlue Airways to deliver relevant e-mail communications to the airline's customers. In its press release, e-Dialog said: "The two companies have formed a collaborative relationship in which...

Nuance acquires eCopy
Nuance Communications Inc. said it has acquired eCopy, a Nashua, N.H.- based provider of solutions that integrate paper documents into business software applications. According to Nuance's press release, net consideration for eCopy was about $54 million in Nuance common stock....

BioChemics will collaborate with Unilever
BioChemics Inc. said in a press release that it has signed a research collaboration with Unilever, one of the world's largest consumer goods companies, to utilize BioChemics' proprietary topical delivery technology for the delivery of Unilever's compounds. Headquartered in Danvers,...

MKS revises third-quarter guidance
MKS Instruments Inc., an Andover-based provider of technologies that enable advanced processes and improve productivity, said that third-quarter revenues and non-GAAP earnings will exceed the high end of its guidance. "Third quarter revenue could increase approximately 34 percent sequentially, ranging...

R.I. uses World Energy exchange for gas contract
World Energy Solutions Inc., a Worcester-based operator of online exchanges for energy and green commodities, said in a press release that the state of Rhode Island has successfully procured a 36-month contract for natural gas over the company's exchange. According...

Who, What, Where
Mark Doll has been appointed as executive vice president of products and sales at BackOffice Associates LLC, a Harwich firm focused on SAP data quality, data migration, and data governance solutions. Formerly, Doll was the managing director of Far East...

RI goes after tax scofflaws
Associated Press PROVIDENCE - The Rhode Island Department of Revenue is using advanced technology to track down companies and workers who are not paying state taxes. Tax Administrator David Sullivan tells the Providence Journal his agency has obtained data from...

Today in Globe Business
Harvesting gold from rain The most remarkable feature of the office tower rising at Russia Wharf might never be seen by its occupants or visitors. It lies within the building?s bowels, a network of pipes and valves designed to conserve...

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