Tuesday, December 22, 2009 Six accused in Mass. mortgage scam
By Jenifer B. McKim, Globe Staff Three real estate investors, two mortgage brokers and a former attorney were indicted in an alleged mortgage fraud scheme involving $12.5 million in loans and at least 26 distressed properties in the Boston area,... Scallopers ask NOAA head to restore some cuts
More than 1,000 members of the East Coast scallop industry have asked the nation's chief fisheries regulator to restore 6 million pounds to the recent cut in the scallop catch.The industry called the cuts "rapid and unnecessary" in a letter... Shire seeks approval to treat Fabry disease
British drugmaker Shire plc today said it has submitted a biologic license application to the Food and Drug Administration for Replagal, its treatment for the rare enzyme deficiency Fabry disease.If approved by the FDA next year, Replagal, currently available to... KPN announces new iBasis leadership team
KPN, the Netherlands-based company that recently purchased iBasis, today announced a new iBasis management team. The new team will be led by John van Vianen as CEO of iBasis. Paul Floyd, formerly Sr. VP of Products, Operations, and Network, has... New Balance will clear Charles River pathways
New Balance has announced a sponsorship agreement with the Massachusetts Department of Conservation and Recreation (DCR) that will ensure area runners, joggers and walkers have clear running paths along the Charles River during the 2009-2010 winter season.The partnership is designed... Boston Properties declares quarterly dividend
Boston Properties Inc. said its board has declared a regular quarterly cash dividend of 50 cents for the October-through-December period.The real estate investment trust, which owns a portfolio of office properties, said the dividend is payable on Jan. 29 to... Progress Software issues upbeat earnings report
Progress Software Corp. posted an upbeat quarterly report, and forecast strong earnings for fiscal 2010.During the fourth quarter, which ended November 30, operating income increased 202 percent to $25.8 million from $8.5 million during the same period in fiscal 2008.... Bitstream's BOLT named best mobile browser
Bitstream Inc. announced today that its BOLT mobile browser took top honors in the eighth annual Mobile Star Awards program, winning the "Superstar" award in the "Consumer App: Web Browser" category. Other nominees in this category included Apple Safari for... Pegasystems declares quarterly dividend
Business software maker Pegasystems Inc. has declared a quarterly dividend of 3 cents.Pegasystems, which is based in Cambridge, sells business process management (BPM) software solutions.The dividend is payable on Jan. 18 to shareholders of record at Jan. 4. (AP)... State Street to buy Intesa business for $1.87b
State Street Corp. said today that it will buy the securities services business of Italian banking group Intesa Sanpaolo for about $1.87 billion in cash.The financial services provider said the acquisition will broaden its presence overseas, as the Intesa unit... Local home sales soar in Nov., reports say
Globe Staff Sales of Massachusetts single-family homes and condos rose by more than 50 percent in November when compared to the same month a year ago, and prices also showed some improvement, said the Warren Group, a Boston firm that... Monday, December 21, 2009 Incoming Globe publisher names new team
Christopher M. Mayer, who will be succeeding P. Steven Ainsley as publisher of The Boston Globe and head of the New England Media Group on January 1, 2010, sent a memo to the staff today announcing new appointments and added... Mass. businesses await 2010 tax cut
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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... | 
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