Thursday, October 15, 2009

Daily Business Update from the Boston Globe

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Thursday, October 15, 2009

Fuld & Co. has opened office in China
Fuld & Co., a Cambridge consulting firm specializing in competitive intelligence and analysis, said it has opened an office in Dalian, China. Denis Simon, senior advisor for China operations, will guide the office, said Fuld, which provided the photo...

Times Co. CEO credits Globe workers for turnaround
New York Times Co. chief executive Janet Robinson and Boston Globe publisher P. Steven Ainsley spoke to employees today. (Staff photo: Jonathan Wiggs) By Robert Weisman, Globe Staff Speaking at The Boston Globe today, Janet Robinson, chief executive of...

LouisBoston plans to move to Fan Pier
(File photo of LouisBoston's current Newbury Street store: Barry Chin/Globe Staff) LouisBoston, long a retail icon on Newbury Street, plans to relocate to about 20,000 square feet of space at Fan Pier in South Boston's waterfront district, Mayor Thomas...

AT&T beefs up wireless coverage at Logan
AT&T said it has enhanced wireless coverage at Logan International Airport by upgrading the distributed antenna systems serving the airport terminals. "The upgrades include the addition of 12 antennas, each approximately the size of a box of chocolates, strategically placed...

Home remodelers may be busier in coming months
Declines in owner spending on home improvements will moderate over the next 12 months, in part because more favorable financing is now becoming available to home owners, the Joint Center for Housing Studies of Harvard University said. In a press...

Patrick: US funds will boost stalled housing projects
The administration of Governor Deval L. Patrick said that the state will use $50.3 million in federal recovery funds to "create hundreds of jobs and revive affordable housing developments stalled throughout the commonwealth due to the lack of equity available...

Aerial vehicle sets record with Protonex fuel cell
A small unmanned aerial vehicle powered by a Protonex fuel cell has set an unofficial endurance record after a flight of more than 23 hours, Protonex Technology Corp. said. Headquartered in Southborough, Protonex Technology develops and manufactures compact, lightweight, and...

Mass. unemployment hits highest rate since 1976
By Robert Gavin, Globe Staff The Massachusetts unemployment rate last month rose to its highest level since the 1970s as employers cut more than 9,000 jobs and work remains scarce. The jobless rate rose to 9.3 percent in September from...

iBasis panel urges stockholders to reject KPN offer
A special committee of the iBasis Inc. board of directors has deemed an unsolicited tender offer to buy a large stake in the company for $2.25 a share as "grossly inadequate" and is urging stockholders to reject the offer. Based...

Bay State Chapter 7 bankruptcy filings soar
Nearly 12,000 Massachusetts residents filed for Chapter 7 bankruptcy protection from January through September, a 35 percent jump from the same period in 2008 and the highest level in four years, said the Warren Group, a Boston firm that tracks...

Converse unveils Weapon Evo basketball shoe
For hoopsters who insist on having broken herringbone traction patterns on their sneakers, there's good news: Converse is launching the Weapon Evo, "an all-new court-ready basketball shoe evolved from the original Weapon, which was worn by superstars during the game's...

Today in Globe Business
Times Co. takes Globe off market The New York Times Co. said yesterday that it will not sell The Boston Globe, citing significant improvement in the Globe?s financial standing - a decision that ends months of uncertainty about the future...

Wednesday, October 14, 2009

Leaders, readers see benefits in end to Globe saga
By Megan Woolhouse, Globe Staff News that The New York Times Co. has called off a sale of The Boston Globe was greeted with relief by some in Boston yesterday, as it ended months of speculation and uncertainty about the...

Times Co. isn't selling Globe, Taylor discusses failed bid
By Beth Healy, Globe staff The New York Times Co. said it has decided not to sell The Boston Globe, saying the paper?s financial performance had ?significantly improved? in recent months. The company had been exploring a sale of New...

NYT Co. notes to its Boston, Worcester employees
E-mail to Boston employees The following note from Arthur Sulzberger and Janet Robinson was sent to all Boston employees on Wed. 10/14 at 5 p.m. After careful consideration and analysis, we wish to tell you that we have terminated the...

Chiofaro to lower waterfront tower
By Casey Ross, Globe Staff Bowing to stiff community opposition, Boston developer Donald J. Chiofaro is proposing to lower the overall height of his proposed office and residential complex near the New England Aquarium, by lopping off a large decorative...

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