Friday, October 9, 2009

Daily Business Update from the Boston Globe

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Friday, October 9, 2009

Cellphone scavenger hunt is underway in the Hub
By Chris Reidy, Globe Staff Think of it as a scavenger hunt with a business model - and iPhones, GPS technology, and a worthy cause thrown in. Plans call for teams from such entities as Deloitte, Foley & Hoag LLC,...

Raytheon gets $11.3m Air Force deal
Associated Press A Raytheon Co. unit received an $11.3 million contract from the Air Force to provide work on an agreement that serves to ensure industrial resources are available to match national security needs, the Pentagon said late yesterday. Shares...

Two iBasis stockholders don't like Royal KPN bid
Burlington's iBasis Inc. said that its board of directors has received letters from two its largest minority stockholders indicating their intention to reject Royal KPN NV's revised unsolicited tender offer to acquire all outstanding shares of iBasis common stock that...

Halloween flash: Fido goes Star Wars.
(This file photo from LucasFilm/AP shows Luke Skywalker and Yoda.) Before dressing up the beloved mutt for Halloween, it might be useful for dog owners to know that Yoda outfits have been the most widely searched-for dog costumes on...

Berkshire Partners invests in United BioSource
United BioSource Corp. said that Berkshire Partners LLC, a Boston-based private equity firm, has invested $125 million in the company. Headquartered in Maryland, United BioSource provides support services to life sciences companies as they look to develop and commercialize medical...

Staples is involved in forest project
Staples Inc., the Framingham-based retailer of office supplies, and the advocacy group Dogwood Alliance said in a press release that they are teaming up with other conservation groups, wood products companies, and landowners to unveil a project that aims to...

Today in Globe Business
Foreclosure sales in limbo over title issue A court decision expected as soon as today could negate the validity of sales of thousands of foreclosed homes in Massachusetts, causing havoc for buyers and sellers and further stalling the housing market?s...

Thursday, October 8, 2009

Sturtevant out as head of Microsoft lab in Cambridge
By Hiawatha Bray, Globe Staff Two years after being hired by Microsoft Corp. to head a laboratory in Cambridge, Massachusetts tech industry veteran Reed Sturtevant has left the company, as Microsoft restructures its research operations. Sturtevant, 52, has held executive...

Newton nonprofit lands $10.8m federal award
Education Development Center Inc., a Newton nonprofit organization that manages education projects, said it has been awarded $10.8 million from the Office of Head Start at the US Department of Health and Human Services. The award means that preschool teachers...

Microsoft's Ballmer will address BC lunch event
Microsoft Corp. chief executive Steve Ballmer (shown at right in an AFP file photo) will be the keynote speaker at Boston College's Chief Executives? Club of Boston luncheon Oct. 16, BC said in a media advisory. Microsoft is the world?s...

Tedeschi is now renting DVDs
NCR Corp. said it is in the process of installing its BLOCKBUSTER Express-branded DVD-rental kiosks in Tedeschi Food Shops, a Rockland-based convenience store chain with 188 stores in Massachusetts, New Hampshire, Rhode Island, and Connecticut. "BLOCKBUSTER Express is currently...

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