Wednesday, December 2, 2009

Daily Business Update from the Boston Globe

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Wednesday, December 2, 2009

Light will retire as Harvard Business School dean
By Robert Gavin, Globe Staff Harvard Business School dean Jay O. Light will retire in June after more than four years leading one of the nation's top management programs and 40 years on the faculty. Light, 68, joined the business...

Midwest Airlines is moving to Logan's Terminal B
Globe Staff Midwest Airlines will move its Boston operations from Terminal C to Terminal B at Logan International Airport, starting Dec. 8, the Massachusetts Port Authority said. "Midwest flights will operate from Gate 15 on the US Airways side of...

Oct. home sales up 20 percent in RI; prices fall
Associated Press PROVIDENCE -- A real estate tracking firm says the number of homes sold in Rhode Island went up 20.5 percent in October from the previous year, although prices continued to fall. The numbers, released today by the Warren...

United Technologies gets $1.72b defense contract
Associated Press United Technologies Corp. has received a $1.72 billion US Air Force contract to install jet engines for the C-17 transport plane, the Defense Department said. The Hartford parent company of jet engine maker Pratt & Whitney, aerospace manufacturer...

Dyax shares rocket on FDA clearance for Kalbitor
Associated Press Shares of Dyax Corp. jumped to their highest price in more than a year today after regulators approved marketing of the company's hereditary angioedema drug Kalbitor. Dyax stock climbed more than 20 percent in heavy morning trading, and...

Vacancy rates are up for local lab space
Globe Staff Vacancy rates are on the rise for laboratory space across Greater Boston, reports Richards Barry Joyce & Partners LLC, a Boston-based commercial real estate firm. Since the first quarter of 2009, Greater Boston?s laboratory market posted a vacancy...

Mass. ramps up business tax incentives
By Todd Wallack, Globe Staff Even as Massachusetts is forced to cut spending on some government programs, the state is ramping up spending on tax incentives to encourage companies to move to Massachusetts or expand here. The state is expected...

Hub is an also-ran when it comes to bad traffic
Globe Staff Here's a news flash that might come as a surprise to a motorist at a standstill on the MassPike: When it comes to cities with the worst traffic, the Hub failed to crack the top 10 --- in...

Bosses more willing to hire jobless applicants
Globe Staff Once upon a time, there was a stigma attached to being unemployed, but because of the jobless recovery now apparently underway, that stigma may be fading. That's one conclusion made by Veritude, a Boston company that provides staffing...

Mass. Treasury gears up for eBay auction
Globe Staff Abandoned property collected by the Commonwealth of Massachusetts will be publicly previewed today at the State House before going up for auction on eBay, the office of Massachusetts Treasurer Timothy P. Cahill said. As many as 500 lots...

IDC: Server market shows signs of gaining steam
Globe Staff There's good news and bad news in the worldwide server market, according to IDC, the market intelligence firm headquartered in Framingham. In its quarterly server tracker report, IDC first outlined the bad news: "Factory revenue in the worldwide...

Parking discount takes effect at Logan economy lots
Globe Staff Seasonal discounted parking at Logan International Airport?s on-airport economy parking lots has begun and will be in effect through Jan. 31, the Massachusetts Port Authority said. "Customers parking for a week in economy parking will pay the equivalent...

Today in Globe Business
Philanthropist got $1b in fake profit, Madoff trustee says The trustee in the Bernard Madoff case is accusing Boston philanthropist Carl Shapiro and his family foundation of reaping $1 billion in fictitious profits from investments over 40 years, calling the...

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