Wednesday, November 11, 2009

Daily Business Update from the Boston Globe

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Wednesday, November 11, 2009

ImmunoGen has a new chairman of the board
ImmunoGen Inc., a Waltham biotechnology company that develops targeted anticancer products, said that Stephen C. McCluski has been named chairman of its board, replacing former ImmunoGen chief executive Mitchel Sayare in this position. Sayare continues to serve on the board...

RI expects nearly $200m deficit as economy dives
Associated Press PROVIDENCE - Economic woes in Rhode Island could drive the state's budget deficit to nearly $200 million, a gap equivalent to about 6 percent of expected state income. Budget officials for Governor Don Carcieri and lawmakers predicted that...

Chamber: Universities fuel innovation engine
Massachusetts ranked first in the nation per capita for the total number of patents produced by higher education institutions - with a rate nearly twice as high as the next closest state, the Greater Boston Chamber of Commerce said. That...

Blog of interest to marketers debuts in the Hub
The Next Generation, a blog written by 18- to 25-year-olds on topics of interest to marketers, has just launched, said one of the guiding lights behind the blog. That would be Edward Boches, chief creative officer at the Boston ad...

A123 3Q loss widens, revenue edges up
Associated Press A123 Systems Inc., a Watertown-based developer of lithium-ion batteries for use in automobiles, reported a wider loss in its third quarter, its first since going public. The loss, reported after the markets closed yesterday, was driven by higher...

Walmart donates refrigerator truck to Hub food bank
Walmart, the store nameplate of the giant retailer Wal-Mart Stores Inc., said the company and its foundation will provide $28 million in monetary and in-kind donations to nonprofits across the country this holiday season. Among the donations is a refrigerator...

Internet ad spending fell in Q3, IDC says
Worldwide spending on Internet advertising was $14.6 billion in the third quarter, down 1 percent from the same quarter a year ago, according to a report from IDC, a market intelligence firm headquartered in Framingham. US spending on Internet advertising,...

Vertex Pharma trades 2013 debt for new shares
Associated Press CAMBRIDGE - Drug developer Vertex Pharmaceuticals Inc. said that holders of $109 million in convertible notes due in 2013 have agreed to swap the notes for about 4.8 million shares of common stock. The exchange will reduce the...

And now the Super Mario Brothers overture ...
As classical band monikers go, it's as snazzy as the Academy of St Martin-in-the-Fields - we're talking the Video Game Orchestra here, and the orchestra is scheduled to return to the Berklee Performance Center on Dec. 5, the orchestra's first...

Rose gift will support nurses at Hebrew SeniorLife
Hebrew SeniorLife said it has received a $1 million gift from Burton and Gloria Rose to support its ?career ladder? program that enables certified nursing assistants to become licensed practical nurses. Hebrew SeniorLife, an affiliate of Harvard Medical School, is...

Today in Globe Business
Stimulus job boost in state is exaggerated, review finds While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, filed...

Tuesday, November 10, 2009

Copley Place, Mall at Chestnut Hill unveil new shops
Copley Place, a Boston shopping mall, said some new boutiques are being added added to its line-up of stores. "Vince, a Los Angeles lifestyle brand that is new to Massachusetts; Bellezza Home & Garden, a boutique specializing in fine...

Supreme Judicial Court rules against Raytheon
By Casey Ross, Globe Staff As it turns out, Raytheon's toilet paper is not tax exempt after all. The state's highest court contradicted rulings in other states that allowed the Waltham-based defense contractor and its competitors to get refunds for...

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