Tuesday, November 17, 2009 Foxwoods fails to make full debt payment
Associated Press Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle amid the severe recession. The Mashantucket... Harvard Business profs weigh in on holiday sales
The best retailers will be doing more than trying to maximize sales this holiday season; they'll also be looking for clues about whether the recession has drastically shifted consumer shopping habits, two Harvard Business School professors said. "After the shock... Bank of America's Moynihan testifies on Merrill deal
Associated Press Brian Moynihan, an executive with Bank of America Corp., told a congressional panel today that the government didn't force the bank of America to take over troubled Merrill Lynch "I did not feel pressured at any point by... New Balance isn't just sensible shoes anymore
New Balance for Nine West is unveiling its seasonal lineup of fashionable sneakers and shoes for women. Earlier this year, New Balance Athletic Shoe Inc., the Boston-based company known for athletic footwear, teamed up with shoe retailer Nine West... YouTube partners with local TV stations
By Johnny Diaz, Globe Staff YouTube, a website where people can share videos, has partnered with WHDH-TV (Channel 7) and sister station WLVI-TV (Channel 56) to better manage video news submissions from viewers, station officials said. The new application, called... Eaton Vance launches Build America Bond fund
Eaton Vance Management, a subsidiary of Boston money manager Eaton Vance Corp., said it is launching the Eaton Vance Build America Bond Fund, an actively managed mutual fund designed for investment in taxable municipal obligations issued under the American Recovery... Who, What, Where
Thomas G. Seitz and Daniel J. O'Shea are new vice presidents at a unit of Sun Life Financial Inc., a financial services company with US headquarters in Wellesley. Seitz has been named vice president of relationship management at Sun Life... Grease-monkey downtime will be scarce in 2010
Auto mechanics won't have much leisure time in 2010 if a new report from the NPD Group is any guide. The recession has made many consumer gun-shy about buying a new car, and one result is that many consumers are... TJX 3Q profit rises 32 pct as shoppers seek deals
Associated Press TJX Cos. said its fiscal third-quarter profit rose 32 percent as shoppers looked for bargains at the off-price retailer's chains. The Framingham-based operator of stores including T.J. Maxx, Marshalls ,and HomeGoods reported that it earned $347.8 million, or... Holiday shoppers may leave credit cards at home
As the ghost of Christmas Past can tell you, it wasn't all that long ago that credit cards were as common a holiday sight as fruit cakes and mistletoe - when the good times rolled, many consumers bought pricey holiday... Dynamics Research wins $2.4m Air Force contract
Dynamics Research Corp. said in a press release that it has been awarded a $ 2.4 million contract with the US Air Force Global Cyberspace Integration Center. Headquartered in Andover, Dynamics Research Corp., or DRC, provides management consulting, engineering, and... American Superconductor gets $10m order
American Superconductor Corp., a Devens company focused on energy technologies, said that it has received a follow-on order for $10 million worth of wind turbine core electrical components from CSR Zhuzhou Electric Locomotive Research Institute Co. Ltd. in China. To... SEC won't take enforcement action against iBasis
Burlington's iBasis Inc., a wholesale carrier of international long-distance calls, said that it has been notified by the Securities and Exchange Commission that the SEC agency has terminated its investigation into the company's past stock option grant practices. According to... Bordeaux pairs well with Hub, wine council says
What's the right wine-pairing for a cheeseburger? Hand a ground-beef fan a three-pound wine list, and he might reply, "All of the above." But among the best choices may well be a Bordeaux wine. So says the Bordeaux Wine Council,... Today in Globe Business
Problems at plant stall drug Genzyme Corp. yesterday said US regulators are delaying approval of Lumizyme, its drug to treat the rare genetic disorder Pompe disease in adults, until the Cambridge biotechnology company solves persistent problems at its cell culture... Monday, November 16, 2009 FDA delays approval of Genzyme drug
By Robert Weisman, Globe Staff Genzyme Corp. today said US regulators are delaying approval of Lumizyme, its drug to treat the rare genetic disorder Pompe disease in adults, until the Cambridge biotechnology company solves persistent problems at its cell-culture manufacturing... Cruiseport Boston sets passenger record
There were 299,736 cruise passengers traveling through the Port of Boston in 2009, an 11 percent increase over last year, the Massachusetts Port Authority said. During the 2009 season, cruise ships made 105 visits to Cruiseport Boston?s Black Falcon Cruise... | 
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