Monday, December 21, 2009

Daily Business Update from the Boston Globe

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Monday, December 21, 2009

National Amusements sells 32 theaters
Dedham movie chain National Amusements Inc. has finalized a deal to sell up to 35 theaters to Rave Cinemas LLC, a newly formed company based in Dallas.Rave has already closed on an initial group of 29 theaters.The transaction, which is...

Quincy, Mass. project gets $8.1m in stimulus funds
A plan to redevelop downtown Quincy is getting an $8.1 million boost in federal stimulus money.Gov. Deval Patrick and Congressman Bill Delahunt announced today a grant that will help the second phase of a project meant to make improvements on...

Mass. gas prices down another penny
The cost of a gallon of gasoline in Massachusetts continues to trickle down as drivers prepare for holiday travel.AAA Southern New England reports today that a gallon of self-serve regular has dropped a penny from last week to an average...

Harvard Business Review hires editorial director
Justin Fox, a business and economics columnist at Time magazine, will be joining the Harvard Business Review Group as its editorial director, a newly created position. The job will entail supervising content across all of the group's properties, including the...

Agios Pharmaceuticals lands funding
Agios Pharmaceuticals, a biopharmaceutical company that is focused on discovering and developing novel drugs in the field of cancer metabolism, said today that it has received funding from Accelerate Brain Cancer Cure (ABC2), a non-profit organization that supports brain...

Aspen Technology reports revenue loss
Aspen Technology, Inc., which provides software and services to the process industries, today announced its financial results for its first quarter of fiscal 2010, ended September 30, 2009.The company reported total revenue of $39.8 million, a decrease compared to $86.4...

Dynamics Research Corp. lands $7.4m contract
Dynamics Research Corporation, which provides management, engineering, and technology solutions to federal and state governments, today announced it has been awarded a contract with an estimated value of $7.4 million to support the Weapon System Management Information System (WSMIS).WSMIS is...

NFL partners with BU brain center
   The NFL is partnering with Boston University brain researchers who have been critical of the league's stance on concussions, The Associated Press learned yesterday.   The league now plans to encourage current and former NFL players to agree to donate...

Mass. pushing energy efficient neighborhoods
Massachusetts officials are hoping to use a federal stimulus grant to take the idea of energy conservation down from the lofty heights of solar panels and wind turbines and bring it back to the neighborhood.   The "whole-neighborhood" approach to energy...

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