Monday, December 14, 2009

Daily Business Update from the Boston Globe

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Monday, December 14, 2009

Wally the Green Monster is flying JetBlue
Globe Staff JetBlue Airways is looking to put some serious mileage on Wally the Green Monster in a "Where's Wally" promotion that gives participants a chance to win two roundtrip flights on JetBlue to any of its 32 nonstop destinations...

Affiliated Managers to buy Aston funds owner
Associated Press Affiliated Managers Group Inc. is buying the parent company of the Aston mutual fund family in an all-stock deal worth nearly $114 million. Beverly-based Affiliated Managers and Highbury Financial Inc. said in separate news releases today that Affiliated Managers,...

Caliper sells Xenogen subsidiary
By Robert Weisman, Globe Staff Hopkinton's Caliper Life Sciences Inc., which sells tools and services for drug discovery and biotechnology research, said today it has spun off its animal services unit for about $11 million. Caliper sold its Xenogen...

ActivIdentity agrees to buy CoreStreet
Globe Staff ActivIdentity Corp. said it has agreed to pay about $20 million to buy CoreStreet Ltd., a Cambridge company specializing in distributed identity credential validation solutions. In a press release, California-based ActivIdentity said it believes the acquisition will "strengthen...

Globe has new Metro editor; McGrory will return to column
By Robert Gavin, Globe Staff Brian McGrory, who gave up his column to lead the Globe's metro news coverage, will return to his column after two-and-a-half years as the Globe's deputy managing editor for local news, Globe editor Martin Baron said today....

Mass. gas prices fall 2 cents a gallon
Globe Staff The average price for a gallon of gas in Massachusetts has fallen 2 cents to $2.599 a gallon, AAA Southern New England said. The slight drop followed three straight weeks of unchanged prices in a weekly survey that...

Interactive Data agrees to buy 7ticks
Globe Staff Interactive Data Corp., a Bedford-based provider of financial market data, analytics, and related solutions, said it has agreed to buy 7ticks LLC, a privately held Chicago-based provider of electronic trading networks and managed services. Under the terms of...

Check cashers agree to end some fees
Globe Staff Six local check-cashing services have signed consent orders with the Commonwealth of Massachusetts to end a practice that enabled them to charge fees to Social Security recipients to cash and access their benefit checks, the state's Division of...

Big week kicks off for online retailers
Globe Staff This will be a frenetic week for merchants that operate retail websites as shoppers scramble to buy gifts that will arrive in time for Christmas. So predicts Shop.org, a division of the National Retail Federation. Working with the BIGresearch...

Firms are planning more cloud initiatives
Globe Staff A new survey finds that 60 percent of executives contacted for the survey said they plan to implement so-called cloud initiatives at their companies in the coming year. The survey was commissioned by GlassHouse Technologies, an IT infrastructure...

Novomer gets $400,000
By Erin Ailworth, Globe Staff Novomer Inc. of Waltham is getting $400,000 from the New York State Energy Research and Development Authority, and help from Kodak Specialty Chemicals to commercialize a process that uses carbon dioxide to make plastics and...

On-Q-ity expands Series A funding
Globe Staff On-Q-ity, a Waltham company focused on oncology diagnostics, said it has closed an additional $5 million investment from Atlas Venture as part of its Series A funding. Atlas is a venture capital firm with offices in Waltham. "This...

Cross taps Nail
Globe Staff A.T. Cross, a Rhode Island company whose specialties include the making of writing instruments, has appointed Nail to handle their account and redesign their e-commerce site, Providence-based Nail said. Billings are not being disclosed. Nail said it will...

Today in Globe Business
With many out of work, recruiters working harder WESTBOROUGH - Every time recruiter Sharon Gilbert rejects a job candidate's resume, it weighs on her. "You're changing somebody's life a little bit," said Gilbert, director of recruitment for Conservation Services...

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