Tuesday, December 1, 2009

Daily Business Update from the Boston Globe

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Tuesday, December 1, 2009

Business confidence rises in Massachusetts
Globe Staff An index that seeks to track business confidence in Massachusetts gained 1.6 points in November to 44.9, its highest level since September 2008, said the Associated Industries of Massachusetts, an association of the state's employers. "The index...

Pfizer deal means competition with Genzyme
By Robert Weisman, Globe Staff Drug giant Pfizer Inc., mounting a direct challenge to Cambridge biotechnology company Genzyme Corp., today said it has licensed the global rights to market a new treatment being developed for the rare genetic disorder Gaucher...

Gates library grant sets aside $367k for Mass.
Globe Staff The Bill & Melinda Gates Foundation said it has committed nearly $3.4 million in grants to bolster Internet connections for libraries in five states, including Massachusetts. State libraries in Massachusetts received $367,789 in foundation funds to execute a...

Michael Jackson gives Google a workout
We are what we search, asserts Google Inc., and once again the technology giant is talking up the fastest rising search terms on Google in 2009. Globally, Michael Jackson and Lady Gaga were among search terms that had the...

Gartner agrees to buy AMR Research
Gartner Inc., a Connecticut research and analysis firm, said that it has agreed to acquire AMR Research Inc. of Boston for about $64 million in cash, subject to certain closing adjustments. "With projected full year 2009 revenues of approximately $40...

Cohasset approves Verizon FiOS-TV franchise
Globe Staff The Cohasset Board of Selectmen has granted a cable franchise to Verizon Communications Inc. that will enable Verizon to offer its FiOS-TV service in the community, Verizon said. "The board?s authorization brings to 105 the total number of...

DPU cuts proposed electricity rate increases
Globe Staff The Massachusetts Department of Public Utilities said it has cut rate-increase requests proposed by the Bay State's two largest electric utilities - National Grid and NSTAR. The department, which refers to itself as DPU, said in a press...

Dunkin’ unveils more seasonal items
Globe Staff The doughnut-eating public will be relieved to know that Dunkin' Donuts continues to expand its regular menu with an array of seasonal treats and gifts for the holidays. For gourmets not content on surfeiting themselves with fruit...

Princeton Review taps Kirkpatrick
Globe Staff The Princeton Review Inc., a Framingham-based provider of test preparation and educational support services, said it has appointed H. Scott Kirkpatrick Jr. as the president of its Test Preparation Services Division. Most recently, Kirkpatrick served as executive vice...

State Street announces acquisition agreement
Globe Staff State Street Corp., a Boston company that provides financial services to large investors, said it has agreed to acquire Mourant International Finance Administration as it looks to strengthen its position in global alternative asset servicing. The purchase prices...

Cyber Monday traffic was heavy, Akamai says
Globe Staff As a Cambridge company specializing in technology that aims to provide speedy and rich Web content delivery, Akamai Technologies was well positioned to track online traffic yesterday on Cyber Monday, one of the busiest online shopping days of...

Staples 3Q profit climbs on lower charges
Associated Press Staples Inc. provided an upbeat view of its business prospects today as the largest US office supply company posted a 72 percent rise in its third-quarter profit on lower charges. The Framingham-based retail chain is seeing growth in...

Today in Globe Business
Six hospitals to sue state over payment shortfalls Six community hospitals, squeezed by the economic downturn and the Massachusetts budget crunch, are set to file a lawsuit in Suffolk Superior Court this morning seeking millions of dollars from the...

Monday, November 30, 2009

Locals on unemployment will need to wait till Dec. 15 to tap into extended benefits
By Robert Gavin, Globe Staff An estimated 20,000 Massachusetts workers who exhausted unemployment benefits in recent weeks will have to wait until Dec. 15 to tap into a recently approved federal extension, state officials said. That wait, however, is not...

Six hospitals plan lawsuit against the commonwealth
By Robert Weisman, Globe Staff Six community hospitals are set to file a lawsuit in Suffolk Superior Court tomorrow morning seeking millions of dollars in payments from state government for unreimbursed health care services. The plaintiffs are part of a...

UMass and biotech firm collaborate on ALS research
Associated Press A Massachusetts researcher has received a boost for efforts to find a treatment for ALS -- or Lou Gehrig's Disease -- through the use of gene silencing technology. Three nonprofit groups that raise money for ALS research have...

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