Wednesday, November 18, 2009

Daily Business Update from the Boston Globe

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Wednesday, November 18, 2009

Hinshaw returns as Dataupia chief executive
Dataupia said that Foster Hinshaw is again the company's chief executive officer after taking about a year off to recover from quadruple bypass surgery. According to its website, Cambridge-based Dataupia specializes in offering data warehousing solutions designed "for unlocking the...

Danvers hotel will change name to Crowne Plaza
The Sheraton Ferncroft in Danvers will be officially rebranded tomorrow as the Crowne Plaza Boston North Shore, said the hotel's owner. The owner is Colorado-based Sage Hospitality, which bought the 366-room hotel in 2005 and added an attached 65,000-square-foot indoor...

Local Thanksgiving car travel could rise 8.8 pecent
An estimated 38.4 million Americans will be traveling 50 miles or more from home over the Thanksgiving holiday weekend, up 1.4 percent from last year when concerns about the financial crisis kept many folks home, AAA Southern New England said....

Dunkin’ is named interactive marketer of the year
Dunkin' Donuts was named the "interactive marketer of the year" at last night's 14th annual awards competition sponsored by the Massachusetts Innovation & Technology Exchange, or MITX. A microsite created by Sapient to support Coca-Cola's Happiness campaign was cited as...

PerkinElmer unveils chromatography collaboration
PerkinElmer Inc., a Waltham life sciences company, said it will collaborate with Gilson Inc. to provide new and enhanced solutions for fraction collection and liquid chromatography to support pharmaceutical and biotech scientists. One of PerkinElmer's businesses is chromatography, and Gilson...

BJ's Wholesale 3Q profit falls on legal reserve
Associated Press BJ's Wholesale Club Inc. said that a legal settlement helped push its third-quarter profit down 37 percent. But sales climbed as shoppers continued to hunt for deals on food and everyday items. Wholesale clubs like BJ's have become...

Genzyme halts development on kidney treatment
Genzyme Corp., a Cambridge biotechnology company, said that based on early testing, it will not pursue further clinical development of its advanced phosphate binder, a potential treatment for people with kidney disease. Even though the results of a phase 2/3...

Timberland launches climate-change campaign
The Timberland Co., an outdoor footwear and apparel company that has long tried to incorporate environmental issues and social awareness into its marketing messages, said it is launching a campaign called, "Don't tell us it can't be done." The campaign...

Today in Globe Business
US pressed bank on Merrill, Gifford says WASHINGTON - Two top Bank of America Corp. executives gave a congressional committee conflicting versions of the bank?s controversial takeover of Merrill Lynch & Co., one saying that the federal government pressed the...

Tuesday, November 17, 2009

Hopeful about economy, but still losing sleep
By Robert Gavin, Globe Staff Boston area residents are more optimistic about the economy and their own financial prospects than the nation as a whole, but they continue to cut spending as many struggle to make ends meet, according to...

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...

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