Wednesday, January 13, 2010

Daily Business Update from the Boston Globe

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Wednesday, January 13, 2010

New England economy picking up steam, says Fed survey
By Robert Gavin, Globe Staff The New England economy showed further signs of a rebound over the past few months as retailers, consultants, and even some commercial real estate firms reported increased sales and activity, according to a survey of...

Program aims to turn Hub triple-deckers green
Globe Staff Nothing quite says old-school Boston housing like the triple-decker - or three-decker, if you prefer - a type of residential style that was commonplace in New England for many years. Now the city is looking for ways to...

Qteros has a new chief executive
Globe Staff Qteros Inc., a Marlborough developer of second-generation technology solutions for the biofuels industry, said that John McCarthy has joined the company as president and chief executive. McCarthy joins Qteros from Microbia Inc., where he served as chief business...

Unica acquires Pivotal Veracity
Globe Staff Unica Corp., a Waltham company specializing in marketing software, said that it has acquired privately-held Pivotal Veracity for $17.8 million in cash. Headquartered in Phoenix, Pivotal Veracity provides tools that enable companies to optimize the deliverability and reputation...

Bank leaders say they underestimated 2008 crisis
Associated Press WASHINGTON -- Wall Street executives said today that they underestimated the severity of the 2008 financial crisis and apologized for risky behavior and poor decisions. They also defended their bonus and compensation practices to a skeptical US commission...

Gulf Oil L.P. acquires brand rights for the entire US
Globe Staff Gulf Oil L.P., a subsidiary of Framingham-based Cumberland Farms Inc., said that it has acquired all rights, title, and interest to the ?Gulf? brand in the US for an undisclosed amount. As a result, Gulf Oil L.P. said...

ACCION gets Gates Foundation grant
Globe Staff ACCION International, a Boston-based nonprofit organization that specializes in providing microfinance services to poor people around the world, said that it has received a three-year grant of $5.8 million from the Bill & Melinda Gates Foundation to introduce...

GE Healthcare deploys PTC software
Globe Staff Parametric Technology Corp., a Needham-based company that refers to itself as PTC, said that GE Healthcare has selected PTC's Windchill product lifecycle management software to replace GE's legacy data management software. PTC's focus is on developing and marketing...

Sam Adams has a spring beer for you
Globe Staff It's hoppy and complex - not to mention spicy and full-bodied. And according to the folks at Boston Beer Co., it's the ideal beverage for spring. We're talking Samuel Adams Noble Pils here, and in response to popular...

EnerNOC signs contract expansion
Globe Staff EnerNOC Inc., a Boston company that helps utilities to better manage energy consumption, said it has signed a contract expansion with the Ontario Power Authority. EnerNOC said its initial agreement with the Ontario Power Authority was announced in...

Dynamics Research Corp. wins contract
Globe Staff Dynamics Research Corp., an Andover company that provides management consulting, engineering, and other services to federal and state governments, said in a press release that it has been awarded a contract with the Defense Logistics Agency that has...

Akamai issues State of the Internet report
Globe Staff Need a vacation but still want quick access to the Internet? Then you may want to give Mayotte a good leaving-alone. A new report just out on the state of the Internet says that Mayotte, an island in the...

Verizon Wireless cites New England investment
Globe Staff Verizon Wireless said it completed $192 million worth of wireless network enhancements across New England during 2009, increasing the company's regional network investment to $2.6 billion since 2000. In ticking off some of its 2009 highlights, Verizon Wireless...

Today in Globe Business
Nation in 'modest' economic recovery The US economy has begun a ?very modest recovery?? but remains too fragile for policy makers and lawmakers to boost interest rates, raise taxes, or pull back on federal spending, Federal Reserve Bank of Boston...

Tuesday, January 12, 2010

Most Cerezyme patients back on the drug
By Robert Weisman, Globe Staff SAN FRANCISCO -- Embattled Genzyme Corp. chief executive Henri Termeer told investors today that about 80 percent of patients who use Cerezyme, the company's drug for a rare genetic disorder, have resumed treatments after a...

Modernista taps Heath
By Johnny Diaz, Globe Staff Boston-based ad agency Modernista announced a new chief strategy officer today. The agency named Catherine Heath to the position. She will lead planning strategy for all of Modernista's clients, which include the Palm Pre and...

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