Wednesday, December 23, 2009 3Com posts 55 percent jump in profit
Computer networking systems maker 3Com Corp. today said its fiscal second-quarter profit jumped 55 percent despite falling revenue, as the company trimmed expenses and benefited from a tax adjustment.For the three months ended Nov. 27, the company earned $20... Psivida says Iluvien meets key study goals
Drug delivery product company Psivida Ltd. said today that its potential vision disorder treatment Iluvien met key goals in two late-stage studies.Psivida and its partner Alimera are developing Iluvien for diabetic macular edema treatment. The condition is a disease of... Reebok gearing up for NHL Winter Classic
If you're planning to attend the upcoming NHL Winter Classic, which is taking place in the open air in Fenway Park on January 1, you're going to need some extra layers. Reebok, the official outfitter of the NHL, has been... GT Solar names GFI Energy executive to board
GT Solar International Inc., a services and equipment provider to the solar power industry, said Tuesday it has named a vice president of an investment group to its board.R. Chad Van Sweden is vice president of the GFI Energy Group... RI picks Chevron for Narragansett wind project
Rhode Island has selected Chevron Energy Solutions to develop and maintain several onshore wind turbines in the coastal town of Narragansett, Gov. Don Carcieri announced Tuesday.Chevron's proposal beat out bids from three other firms. It plans to finance the site... Raytheon unit wins $57.4M contract from Air Force
Raytheon Missile Systems Co. won a $57.4 million contract for a laser-guided bomb system from the U.S. Air Force, the Defense Department said Tuesday.The contract is for the 750 Paveway III GBU-24A/B laser-guided bomb conversation kit, which will be used... Atlantic Tele-Network declares 20-cent dividend
Atlantic Tele-Network Inc. said its board of directors has declared a quarterly dividend of 20 cents per share.The telecommunications company, which is based in Salem, Mass., said the dividend is payable on Jan. 11 to stockholders of record at Dec.... Tuesday, December 22, 2009 GI Dynamics device wins European approval
By Robert Weisman, Globe Staff Lexington medical device company GI Dynamics said today it won approval in Europe for a gastrointestinal liner it hopes to eventually sell in the United states to treat type 2 diabetes and obesity. The product,... Patriot Place to use solar panels from Evergreen
Associated Press MARLBORO -- Evergreen Solar Inc. said Tuesday that its String Ribbon solar panels will supply about 30 percent of the power to run Patriot Place, a 1.3 million-square-foot shopping, dining and entertainment complex located next to Gillette Stadium,... Mr. Vader goes to Wall Street
Dario Cantatore/Getty ImagesBy Boston.com Staff From the Death Star to Wall Street? "Star Wars" bad guy Darth Vader was flanked by Storm Troopers as he rang the bell at the New York Stock Exchange this morning. No, he wasn't testing... 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... | 
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