Tuesday, November 10, 2009

Daily Business Update from the Boston Globe

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Tuesday, November 10, 2009

Helicos is no longer considering sale
Associated Press CAMBRIDGE - Helicos BioSciences Corp. has taken itself off the auction block, the genetic analysis instrument company said Monday. In September, the company said it hired Thomas Weisel Partners to evaluate strategic alternatives. Those options ranged from an...

Citizens plans to move some operations to Dedham
Citizens Bank said it plans to occupy roughly 50,000 square feet of office and retail space at Legacy Place, the new shopping and entertainment complex in Dedham. Citizens said it will operate a full-service branch at the location as well...

Google holiday gift: Free Wi-Fi at Logan
Google Inc., the California-based search engine giant, said it is offering free WiFi service at a number of airports, including Logan International Airport, from now until mid January as a "holiday gift" to travelers. Google said it is working with...

Stop & Shop kicks off turkey donation program
The Stop & Shop Supermarket Co. said it will donate 20,000 Thanksgiving Turkeys to local hunger relief organizations through its annual Turkey Express Program, an initiative designed to combat hunger in the region. All told, the Quincy-based chain said it...

Google Street View Trike could map Faneuil Hall
(A YouTube video recommended by Google) Will Boston's Faneuil Hall Marketplace be one of the first pedestrian malls to get the Google Street View mapping treatment? As amateur cartographers know, Google debuted a Street View feature in many cities...

Casual Male taps Netezza for data analytics
Netezza Corp., a Marlborough company specializing in data warehouse and analytic appliances, said the Casual Male apparel chain will use Netezza analytics to gain insights into Casual Male customers and their shopping habits. Headquartered in Canton, Casual Male is a...

Hologic swings to 4Q profit, names new CEO
Associated Press BEDFORD - Hologic Inc., which makes products to detect breast and cervical cancer, posted a profit for its fiscal fourth quarter in contrast to a loss a year ago. But its sales fell and it offered guidance for...

More job losses predicted for Massachusetts
By Robert Gavin, Globe Staff The Massachusetts economy will shed tens of thousands of jobs over the next year with the unemployment rate peaking near 10 percent around summer, according to a forecast released today. The forecast, by the New...

Uno is bullish on new Uno Express format
Uno Restaurant Holdings Corp., a Boston-based chain with roughly 200 company-owned and franchised full-service Uno Chicago Grill restaurants, said that it has opened more than 160 of its new Uno Express locations in sports arenas, airports, tourism centers, universities, and...

Ironwood unveils Japanese licensing agreement
Ironwood Pharmaceuticals Inc. of Cambridge said that a Japanese company will pay it $75 million in upfront and pre-commercial milestone payments for the exclusive rights to develop and commercialize an Ironwood drug candidate in certain countries in Asia. The Japanese...

Today in Globe Business
BioVex raises an additional $30 million BioVex Inc., a Woburn biotechnology company that raised $40 million in venture capital in March to develop a novel cancer-fighting treatment, today will disclose it has raised another $30 million. The funding rounds together...

Monday, November 9, 2009

Archdiocese's Labor Guild honors four
By Robert Gavin, Globe Staff The Labor Guild of the Archdiocese of Boston last week honored four leaders from labor, management, government, and the legal profession for their efforts to improve labor-management relations. The Cushing-Gavin awards, named for the late...

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 it is centralizing some of its research-and-development facilities, and one result is that a Needham facility will be closed in 2012. The Needham facility's 105 employees will be transferred to other P&G...

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