Tuesday, January 12, 2010

Daily Business Update from the Boston Globe

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Tuesday, January 12, 2010

Many McDonald's will offer free WiFi
Globe Staff McDonald's Corp., the Illinois-based chain of fast-food restaurant, said that 11,500 of its roughly 14,000 US restaurants will offer free WiFi service by the end of the week. There are about 300 McDonald's restaurant in Eastern Massachusetts, New Hampshire, and...

Colliers Meredith & Grew will lease office building
Globe Staff Colliers Meredith & Grew, a Boston-based commercial real estate firm, said it has been appointed by Campanelli Cos. to be the exclusive leasing agent for 300 Crown Colony, an office building in Quincy. Campanelli Cos., a real estate developer headquartered in...

Genzyme reports revenue figures
Globe Staff Genzyme Corp., a Cambridge biotechnology company, reported that preliminary fourth-quarter revenue was $1.08 billion, compared with $1.17 billion in the same period in 2008. For the year, revenue was $4.5 billion, compared with $4.6 billion in 2008, Genzyme...

Electric Boat layoffs seen this year
Associated Press MYSTIC, Conn. -- A drop in maintenance and modernization work will result in hundreds of layoffs at submarine manufacturer Electric Boat this year, although new hires will leave the work force numbers unchanged, officials said. Executives of Electric Boat,...

Fidelity launches first online video contest
Globe Staff It's not every day that Fidelity Investments, the venerable Boston mutual funds giant, launches a contest - and a video contest on Youtube.com, no less. First prize: $5,000 - a sum, no doubt, that Fidelity chairman Edward C....

Tysabri achieves blockbuster drug status
Globe Staff Biogen Idec Inc. said today that Tysabri, a multiple sclerosis drug, has achieved ?blockbuster? status with more than $1 billion in 2009 sales; the number of patients on the therapy grew by 30 percent over the previous year. The...

AirTran is putting the Caribbean on sale
Globe Staff AirTran Airways is putting the Caribbean on sale - at least for a couple of days. Through the end of Thursday, passengers can book flights from Boston to Nassau as low as $99 each way, or from Boston...

Molecular Biometrics completes a financing
Globe Staff Molecular Biometrics Inc., a Norwood company developing diagnostic tools for applications in personalized medicine, said it has completed a $12.5 million Series B financing. New investor Atlas Venture of Waltham led the round with participation from existing investors...

IT spending to rebound, Forrester says
Globe Staff Information-technology spending will grow 6.6 percent in 2010 to $568 billion after the sector endured a "dismal performance" last year, said Forrester Research Inc., a research firm based in Cambridge. Global IT spending, which dropped 8.9 percent last...

Suffolk Construction buys Va. construction company
Globe Staff Suffolk Construction Co., a large Boston-based construction company, said it has acquired the Dietze Construction Group of Ashburn, Va. A press release from Suffolk did not include financial terms of the transaction. "Suffolk's acquisition of Dietze will strengthen...

Hannaford to help New England farmers
Associated Press Hannaford Supermarket is becoming the first major retail chain to back a program designed to help New England's troubled dairy farmers make more money and stay in business. Massachusetts Department of Agricultural Resources Commissioner Scott Soares is set...

TA Associates invests in Micromax Informatics
Globe Staff TA Associates, a private equity firm with offices in Boston, said it has made a minority investment of $45 million in Micromax Informatics Limited, a mobile handset provider in India. TA's press release included a statement from Ajit...

Today in Globe Business
He resisted Leno from the start Ed Ansin, owner of WHDH-TV (Channel 7), lost his battle last year against moving ?The Jay Leno Show?? to a 10 p.m. prime-time slot. But nine months later, it appears he was right to...

Monday, January 11, 2010

Charles River Labs cuts 300 jobs, halts work in Shrewsbury
By Todd Wallack, Globe Staff Charles River Laboratories Inc., the Wilmington company best known for supplying laboratory rats and mice to research centers around the world, said it plans to temporarily suspend operations at its Shrewsbury animal testing facility and...

Owner of local NBC affiliate was right about the Jay Leno Show
By Megan Woolhouse, Globe Staff Ed Ansin, owner of WHDH-TV (Channel 7), lost a battle last year against moving The Jay Leno Show to the 10 pm time slot. But nine months later, it appears that he was right to...

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