Monday, November 9, 2009

Daily Business Update from the Boston Globe

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Monday, November 9, 2009

Compuware completes $295m acquisition of Gomez
Associated Press Business software and services provider Compuware Corp. has completed its $295 million acquisition of a company that manages, tests and measures the performance of corporate websites and mobile applications. Detroit-based Compuware announced Monday that it had competed the...

P&G is transferring Needham jobs to other locations
Consumer products giant Procter & Gamble Co. said is centralizing some of its research-and-development facilities, and one result is that 105 employees in Needham will be transferred to other facilities in locations such as South Boston and Bethel, Conn. Ohio-based...

Google to buy mobile ad network for $750 million
Associated Press MOUNTAIN VIEW, Calif. - Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for $750 million in stock. Google already has a mobile...

Caliper Life 3Q loss narrows on lower costs
Associated Press HOPKINTON - Caliper Life Sciences Inc., which makes software used for drug development, said its third-quarter loss narrowed on lower costs and charges. For the period ended Sept. 30, Caliper reported lost $3.4 million, or 7 cents per...

Ariad shares rise on JP Morgan analyst note
Associated Press Shares of Ariad Pharmaceuticals Inc. rose after a JP Morgan analyst recommended the stock, citing upcoming study data on the company's developing cancer drugs. Shares of Ariad, which is based in Cambridge, surged 24 cents, or 10.6 percent,...

TA sells OpenLink Financial to the Carlyle Group
TA Associates, a private equity firm with offices in Boston, said it has sold OpenLink Financial to another private equity firm. The buyer is the Carlyle Group, and TA said that the terms of the transaction were not disclosed. "Founded...

Asset manager AMG enters Chinese market
Associated Press Diversified asset management company Affiliated Managers Group Inc. said Monday it has acquired a 5 percent share in Chinese asset manager Value Partners Group Ltd. to extend its reach into Asian markets. Beverly-based AMG acquired the stake from...

Project Bread's Parker is honored
Ellen Parker, executive director of Project Bread, was named the ?2009 Hall of Fame Nonprofit/Professional? by Women?s Business Boston, Project Bread said. "Parker was recognized for her work reframing the anti-hunger approach beyond emergency relief and transforming Project Bread into...

MassHousing loans go to Hub housing complexes
MassHousing, the state's affordable housing bank, announced loan commitments today of up to $43 million for the renovation and preservation of affordable housing at the 500-unit Castle Square complex in Boston?s South End neighborhood. "The Castle Square Tenants Organization and...

Kronos: Retailers are cautious about holiday hiring
Here, alas, is something you probably already know: It's tough to find a job out there. And don't expect retailers to hire en masse this holiday shopping season. So says the Kronos Retail Labor Index, an index compiled by...

Mass. gas prices rose another penny a gallon
The average price for a gallon of gas in Massachusetts rose 1 cent to an average of $2.649 a gallon, AAA Southern New England said today. It was the fourth week in a row that local gas prices have increased,...

Watermill Group buys green-friendly print facility
The Watermill Group, a Lexington investment firm, said it has acquired the Alsip manufacturing facility of the Madison Paper Co. from Myllykoski Group. Financial details of the transaction were not included in the Watermill Group's press release. Watermill Group said...

Boston Scientific launches two products in Japan
Natick medical device maker Boston Scientific Corp. announced the launch of two of its products in Japan. The products are the COGNIS cardiac resynchronization therapy defibrillator and TELIGEN implantable cardioverter defibrillator. In a press release, Boston Scientific described them as...

Staples plans to tweet its holiday deals this year
Staples Inc., the Framingham-based retailer of office supplies, is turning to multiple media channels to get the word out this year on items that are part of its holiday sales program. "Starting today, customers can get a first-hand look at...

iBasis debuts smartphone app for Pingo
Burlington's iBasis Inc., a wholesale carrier of international long-distance calls, said that Pingo, its prepaid international calling service, now has Pingo EZ Dial. According to an iBasis press release, Pingo EZ Dial is a "new smartphone application that delivers automatic...

Who, What, Where
Bill Knight and Brian Monahan have been promoted at Bruker Corp., a Billerica-based provider of high-performance scientific instruments and solutions for molecular and materials research as well as for industrial and applied analysis. Knight, currently the company's chief financial officer,...

Get down with Sun Life
(KC in an ad for Sun Life. Company photo.) The US division of Sun Life Inc. has launched a new "Get to know Sun Life" branding campaign to raise awareness in the United States. Sun Life is well known...

Today in Globe Business
Michigan is luring Bay State business Two years ago, Michigan Governor Jennifer M. Granholm visited alternative fuel maker Mascoma in Boston with one goal: to persuade the company to build a factory in her job-hungry state. ?She personally had us...

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