Monday, November 23, 2009

Daily Business Update from the Boston Globe

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Monday, November 23, 2009

First Wind begins expansion of Maine wind farm
Globe Staff First Wind, a Boston-based wind power company, said that it has begun construction for an expansion of its Stetson Wind project in Danforth, Maine. The first phase of the Stetson Wind project began operations in January. This second...

Mass. gas prices are unchanged, AAA says
Globe Staff The average price of a gallon of gas in Massachusetts is unchanged from the previous week at $2.619, AAA Southern New England said. AAA puts out a weekly survey that focuses on self-serve, regular unleaded gas, and in...

Fantini & Gorga arranges financing for storage units
Globe Staff Fantini & Gorga, a Boston mortgage banking firm affiliated with Eastern Bank, said that it recently arranged $6.385 million in acquisition financing for two self storage properties on behalf of its client, Storage Opportunities Partners LLC, an owner...

Raytheon receives $241 million Navy contract
(This 2007 artist's rendering of the Zumwalt is a Navy handout.) Associated Press Raytheon Co., the Waltham-based defense contractor, said today that it has received a $241.3 million US Navy contract to deliver additional software for the Zumwalt-class destroyer....

The boss's Internet will get a Cyber Monday workout
Globe Staff You might think that with the widespread availability of high-speed Internet, folks would be more inclined to do their online holiday shopping at home than at the office, but a new study from the National Retail Federation and...

RI slow to spend millions in stimulus funding
Associated Press PROVIDENCE - Governor Don Carcieri's administration has failed for months to spend $20 million meant to insulate poor people's homes against the winter chill and put unemployed people to work during one of the worst economic crises since...

iBasis, KPN agree to $93.3 million deal
Globe Staff iBasis Inc., a Burlington-based wholesale carrier of international long-distance calls, and Royal KPN N.V. said they have agreed to a deal in which KPN will pay $3 per share for the stock in iBasis that KPN doesn't already...

Millipore buys remaining ownership of joint venture
Globe Staff Millipore Corp., a Billerica company that provides technologies, tools, and services for the life science industry, said it has acquired the remaining 60 percent ownership of its joint-venture in India, Millipore India Pvt. Ltd. "India represents a critical...

Today in Globe Business
Convention center looks to expand State and city leaders today will unveil a blueprint for dramatically expanding the Boston Convention & Exhibition Center, part of an effort to make the city one of the nation?s premier meeting destinations and spur...

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