Friday, January 8, 2010

Daily Business Update from the Boston Globe

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Friday, January 8, 2010

Carbonite announces $20 million in new funding
Globe Staff Carbonite, a Boston-based provider of online backup services, said that it has closed a mezzanine round of funding that provides about $20 million of new capital for the company to use to support product innovation and international expansion....

Vizit photo frame will feature LIFE.com images
 Globe Staff Isabella Products Inc. said that its about-to-be-launched Vizit digital photo frame will feature LIFE.com photos, the largest collection of professional photography on the Web today. According to the Concord company, its digital photo frame will leverage AT&T's...

Rosengren: Job market will improve slowly
By Robert Gavin, Globe Staff The nation can expect only slow improvement in the job market and high unemployment in coming months as tight credit, long-term joblessness, and cautious spending by consumers and business weigh on the economic recovery, Eric...

Zipcar and Zimride expand ride-sharing application
Globe Staff Zipcar Inc., the Cambridge-based car-sharing service, joined to Zimride to announce the launch of an integrated car and ride sharing application on five new campuses -- the University of California at Irvine, the University of California at Berkeley,...

Japanese regulators OK Boston Scientific stent
Globe Staff Boston Scientific Corp. said it has been granted regulatory approval to market one of its stents in Japan. The Natick-based medical device company said that the Japanese Ministry of Health, Labor, and Welfare has given its OK to...

Genzyme hires quality control executive
Globe Staff Genzyme Corp., the Cambridge biotechnology company, announced today that Ron Branning has joined the company as senior vice president of global product quality. The announcement comes after Genzyme was forced to temporarily suspend manufacturing of two key drugs at its Allston...

Harvard Business Review has new magazine design
Globe Staff Harvard Business Review, a magazine of management thought and practice, said it has unveiled a comprehensive new design of its print edition with its January-February 2010 issue, now available on newsstands; a fully redesigned companion website, www.hbr.org, was...

Nail is tapped to tout FiveFingers
Globe Staff Some runners want plenty of cushioning in their sneakers. But others yearn to feel the texture of the landscape beneath them. For this hardy breed, Vibram has a product called FiveFingers, which might be described as all-terrain vehicles for...

Campanelli Cos. buys Quincy office building
Globe Staff The Campanelli Cos., a full-service commercial real estate development firm headquartered in Braintree, said in a press release that it has purchased 300 Crown Colony, a 118,000-square-foot office building in Quincy. In a separate press release, the Boston...

Today in Globe Business
State wants postal land Massachusetts will try to buy the entire 16-acre US Postal Service mail-sorting facility near South Station in Boston, and use the property to significantly expand commuter rail service for the region, state officials said yesterday. The...

Thursday, January 7, 2010

Kodak celebrates a new product name at CES
Kodak honored the winners of the contest to name its new pocket video camera in a ceremony at the Consumer Electronics Show in Las Vegas today, during a panel discussion featuring Jeff Hayslett, the company's chief marketing officer, and...

Plymouth man sues HP over laptop battery fire
By Megan Woolhouse, Globe Staff For John Norrie, the recall of his HP Pavilion notebook computer came too late. The laptop allegedly overheated, causing a fire that ripped through Norrie's Plymouth home in November 2006 while he was sleeping. The...

Shari Redstone buys Russian theater chain
Globe Staff Shari Redstone said in a press release that she is buying Rising Star Media, a Russian chain of movie theaters, from National Amusements Inc., a Norwood-based company controlled by her father, Sumner. Joining Shari Redstone in the purchase is...

Crate & Barrel to close Faneuil Hall store
By Jenn Abelson, Globe Staff After more than 30 years, upscale home goods chain Crate & Barrel is closing its Faneuil Hall Marketplace store on Jan. 24. The Faneuil Hall shop, about 13,000 square feet, was the Illinois company's first...

Lycera taps Sibold as chief executive
Globe Staff Lycera Corp. said that William J. Sibold, a former executive at Biogen Idec Inc., has been named the company?s president and chief executive officer. Lycera, which is focused on developing small-molecule medicines to treat autoimmune diseases, said it...

Foley Hoag appoints new co-managing partners
Globe Staff Foley Hoag LLP, the 225-lawyer firm based in Boston and Washington, D.C.,announced the appointment of William Kolb (right), 48, and Adam Kahn, 45, as co-managing partners. Robby Sanoff, 59, who has been managing partner since 2004, will return...

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