Friday, December 4, 2009 Beacon Power prices stock sale
Energy storage system developer Beacon Corp. said today that it priced a public offering of 38.1 million stock units, and expects to raise $19.2 million from the sale. Beacon Power said it will sell units that are made up of... Avid laying off 120
Avid Technology Inc., which develops digital editing systems, is laying off 120 employees in an effort "to align its expense structure," according to a regulatory filing. Avid said it expects to incur expenses of $7 million to $9 million related... Smith & Wesson posts profit on higher sales
Gun maker Smith & Wesson Holding Corp. on Thursday posted a fiscal second-quarter profit, reversing a year-ago loss, as sales rose 49 percent, reflecting a jump in sales of handguns and tactical rifles and the acquisition of a security company.... Novell posts wider 4Q loss on charges
Novell Inc., which sells computer-networking software and technology services, posted a larger quarterly loss Thursday, hurt by lower revenue and hefty charges to write down the value of certain assets. For the three months ended Oct. 31, the company posted... HRPT Properties closes on $175m mortgage
HRPT Properties Trust today said it completed a new mortgage financing for $175 million, and plans to use the proceeds to reduce outstanding debt under its revolving bank credit facility. The 10-year loan is secured by one of the real... Vertex says underwriters exercise option
Vertex Pharmaceuticals Inc. today said underwriters exercised their option to buy additional stock in a previously announced $442.8 million offering. On Wednesday, the company expanded its public stock offering to 11.5 million shares from 10 million, priced at $38.50 each... Study: Storage market "stabilizing"
The total disk storage systems market declined in the third quarter of 2009, according to a new report from market intelligence firm IDC, but the rate of decline is slowing. According to the IDC Worldwide Quarterly Disk Storage Systems Tracker,... Tolar is tapped to head NormOxys
Globe Staff NormOxys Inc. said in a press release that it has appointed Martin Tolar, a medical doctor and a Ph.D., as the company's president and chief executive and leased 3,500 square feet of space in Wellesley for its new... Today in Globe Business
Cold cash gains new warmth as holiday gift in hard times Toy hamsters and flat-screen TVs? Not this holiday season. In many households, something with a little less flash will be under the Christmas tree: cash, certificates of deposit, and... Thursday, December 3, 2009 Partners HealthCare posts $45 million gain for year
By Robert Weisman, Globe Staff Partners HealthCare, rallying in the fourth quarter after posting an $18 million deficit through the first nine months of the fiscal year, today reported a $45 million gain for its 2009 fiscal year. The state's... Progress Software to cut more than 200 jobs
By D.C. Denison, Globe Staff Progress Software Corp. said yesterday that it will cut its global work force by 12 to 14 percent. According to John Stewart, a Progress Software spokesperson, the cuts will affect 220 to 260 positions across... Alkermes licenses Cambridge start-up's technology
By Robert Weisman, Globe Staff Cambridge biotechnology company Alkermes Inc.today said it will invest $10 million to license the rights to a drug technology developed by Acceleron Pharma Inc., and also take an equity stake in the small Cambridge biotech.... Systagenix opening headquarters in Quincy
By Robert Weisman, Globe Staff Systagenix Wound Management, a British medical device company that specializes in the care of chronic wounds, today said it was setting up shop in Quincy and hiring 26 people. The new office will be the... Super 88 ownership claims go back to state court
By Erin Ailworth, Globe Staff A Boston judge has dismissed the bankruptcy filing of Super 88, kicking the embattled Asian supermarket chain back into state court, where several parties are vying for a piece of the business. Super 88 LLC,... MFS is promoting Roberge to president
Globe Staff MFS Investment Management, a Boston money manager, said that Michael W. Roberge will be promoted to the position of president, effective Jan. 1. "Mr. Roberge assumes the title from Robert Manning, who continues as chief executive officer and... | 
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