Tuesday, October 27, 2009

Daily Business Update from the Boston Globe

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Tuesday, October 27, 2009

Surging flu revenue helps Inverness post 3Q profit
Associated Press Diagnostics company Inverness Medical Innovations Inc. said today that it turned a profit in the third quarter as sales of flu tests jumped more than fivefold. Waltham-based Inverness reported a profit of $14.3 million, or 17 cents per...

Rental car fee at Logan will rise $2 a day
By Katie Johnston Chase, Globe Staff Rental cars at Logan International Airport will cost $2 more a day beginning Dec. 1, a fee hike approved this morning by the Massachusetts Port Authority board to help pay for a consolidated rental...

Super 88 files for bankruptcy
By Erin Ailworth, Globe Staff Super 88 LLC, the parent company of an Asian grocery chain owned by a local father-son business team, filed for Chapter 11 bankruptcy protection Monday, putting the chain's sale on hold. Several other entities owned...

Citizens touts Green$ense on its 1st anniversary
Citizens Financial Group, the Providence company that operates Citizens Bank, said that its Green$ense reward program has awarded customers a collective $5.2 million in give-backs in the year since is launch. According to Citizens, Green$ense rewards customers 10 cents for...

Celtics get ready to break new marketing campaign
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Macy's books Santa for national tour
As tour buses go, it looks as snazzy as anything that's whisked about Willie Nelson or John Madden. Only this bus is booked for a 25-cities-in-25-days Santa tour, and it includes several stops in New England. The Santa tour...

Local housing numbers show market on the mend
By Jenifer B. McKim, Globe Staff New real estate numbers show a housing market on the mend as single family home sales increased for the third straight month and prices slowed their rate of decline. Statewide, there were 3,785 single-family...

Fitchburg approves Verizon FiOS TV service
Fitchburg Mayor Lisa A. Wong has granted a cable franchise to Verizon Communications Inc. that will enable the company to make available its FiOS TV service to Fitchburg residents, Verizon said. The authorization brings to 103 the total number of...

American Science and Engineering gets $9m order
American Science and Engineering Inc., a Billerica company specializing in X-ray detection solutions, announced the receipt of a $9.1 million order from US Customs and Border Protection. The order is for multiple cargo and vehicle inspection systems that can detect...

Angel investors cut back, UNH report finds
Angel investors pulled back in the first half of 2009, even as there was a slight increase in the number of investments, according to a report issued by the Center for Venture Research at the University of New Hampshire. The...

Boston Marriott Copley nears end of $22m upgrade
Officials at the Boston Marriott Copley Place said that a $22 million renovation of the hotel is nearly complete. The year-long project includes a completely renovated first and second floor, with new front desk area and meeting rooms; a redesigned...

Alnylam grants license to Japanese firm
Alnylam Pharmaceuticals Inc. said it has granted a Japanese a non-exclusive worldwide license to manufacture its RNAi research products. Headquartered in Cambridge, Alnylam is focused on developing RNA interference technologies that can silence genes that cause disease. The Japanese firm...

World Energy Solutions brokers CER deal
World Energy Solutions Inc., a Worcester-based operator of online exchanges for energy and green commodities, said it has brokered a purchase agreement for more than 1.4 million certified emissions reductions, or CERs, on the World Green Exchange. The deal was...

Mass. home sales rise for 3rd straight month
Single-family home sales in Massachusetts increased for the third consecutive month in September, and the median price for homes sold dropped 1.4 percent to $285,000 from $289,000 from September 2008, the smallest drop in year-over-year monthly median home prices in...

Today in Globe Business
Boston has big plans for port Boston officials are launching a multiyear effort to revitalize the city?s industrial port that includes expanding the cruise ship terminal, restoring freight rail service, and rebuilding docks to help compete for lucrative ship repair...

Monday, October 26, 2009

Employee lawsuit claims discrimination at Fairmont
By Erin Ailworth, Globe Staff Seven current and former employees are suing the Fairmont Copley Plaza in Boston and its parent company for discrimination, alleging that hotel managers treated them unfairly and failed to act when other workers verbally abused...

Mass. firms in line to receive $33m in fed funding
The US Department of Energy said that several Massachusetts projects will receive a total of $33.2 million in federal funding for energy research. Among the Bay State companies and institutions in line for the funding are: 1366 Technologies Inc. of...

Female CEO pay dropped more than men's
It's a tough time, comparatively speaking, to be a chief executive - and it's even harder if you're a woman. According to a study from the Corporate Library, women chief executives are more likely to pay for poor performance than...

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