Monday, December 7, 2009

Daily Business Update from the Boston Globe

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Monday, December 7, 2009

New York Times Co. will not sell Worcester newspaper
By Robert Gavin, Globe Staff The New York Times Co. said today it won't sell the Worcester Telegram & Gazette after spending several months exploring a possible sale. The move follows a similar decision by the Times Co. to hold...

Report details importance of tech in Mass.
By D.C. Denison, Globe Staff A report from the University of Massachusetts Donahue Institute, released today, gives a snapshot of how important information technology is to the Bay State. ?The IT Industry: Hub of the Massachusetts Technology Economy" was presented...

Mass. gas prices hold steady
Associated Press The cost of a gallon of gas in Massachusetts has held steady for the fourth consecutive week. AAA Southern New England reports Monday that self-serve regular was selling for an average of $2.61 per gallon, the same as...

Hasbro and Sesame Workshop in global alliance
By D.C. Denison, Globe Staff Hasbro, Inc. and Sesame Workshop, the nonprofit educational organization behind Sesame Street, today announced a 10-year global strategic alliance that will give Hasbro the rights to manufacture and market a wide-range of toys and co-branded...

iRobot launches educational program
By D.C. Denison, Globe Staff iRobot Corp. today announced that it has launched a new education initiative called SPARK (for "Starter Programs for the Advancement of Robotics Knowledge"). The object of the initiative is to help educators, parents and students...

Infinity Pharma names Perkins as CEO
Associated Press Infinity Pharmaceuticals Inc. in Cambridge said today that Adelene Q. Perkins, its president and chief business officer, will become CEO on Jan. 1. The company said Perkins will succeed founder, chairman and CEO Steven Holtzman. Holtzman started Infinity...

Akamai raises 4th quarter forecasts
Associated Press Akamai Technologies Inc. boosted its fourth-quarter earnings and revenue outlooks on better-than-expected results for the quarter to date. Chief Financial Officer J.D. Sherman said today in a statement that the company, which provides technology for managing Web traffic,...

Today in Globe Business
Can a lull in solar activity head off climate change? CAMBRIDGE - Old Sol these days is showing a strikingly bland face, one nearly unmarred by the usual wild magnetic storms, whipsawing coronal loops, and fiery plasma ejections The sun...

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