Tuesday, February 2, 2010

Daily Business Update from the Boston Globe

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Tuesday, February 2, 2010

Ames sale will result in 150 lost jobs
Globe Staff Ames Safety Envelope Co., a Somerville company founded in 1919, said it has agreed to be acquired by Tab Products Co. LLC, a move that is expected to result in the loss of about 150 jobs in Somerville...

Super Bowl ads will get lots of online encores
Globe Staff Women are more likely to discuss their favorite ads after the Super Bowl than men, and almost half of Super Bowl viewers are expected to "rewatch" the big game's ads online, according to a survey of 1,000 Americans...

Southwest offers discount fares
By Paul S. Makishima, Globe Staff Southwest is offering a quick sale to select locations. From Boston, you can score one-way rates as low as $59 to Baltimore, $111 to New York, and $139 to Chicago to name a few....

Boston Scientific spends $480K on lobbying in 4Q
Associated Press Medical device maker Boston Scientific Corp., the Natick-based medical device maker, spent $480,000 in the fourth quarter to lobby the federal government on the health reform effort as well as other health care-related matters. The company lobbied on...

Nordstrom looks to hire 250 at South Shore Plaza
Globe Staff Nordstrom Inc. said it is looking to hire 250 local employees for the department store it plans to open in late March at South Shore Plaza in Braintree. "Nordstrom is looking for people who are great sellers, love...

Judge dismisses charges against Jaffe
By Beth Healy, Globe Staff  A federal judge in New York today dismissed securities fraud charges the US Securities and Exchange Commission brought against broker Robert Jaffe in the Bernard Madoff affair. The judge said in his decision that the SEC did...

Carbonite launches a small business product
Globe Staff Carbonite Inc., a Boston company that sells an Internet-based computer backup service for consumers, announced the launch of Carbonite Pro, a computer backup product designed for small businesses. "Carbonite already backs up data for more than 100,000 small...

Putnam chief calls for Social Security reform
Globe Staff Congress and the Obama administration need to launch a comprehensive effort this year to strengthen America's public and private retirement savings systems, the head Putnam Investments of said today.  A bipartisan commission should be formed to "deliver an...

Fidelity drops price for stock trading
By Todd Wallack, Globe Staff Is a price war breaking out in the on-line brokerage market? Boston-based Fidelity Investments, which had charged customers between $8 to $19.95 to trade stocks, said today it will now offer US customers a flat...

Local business confidence index has tiny uptick
Globe Staff A Massachusetts Business Confidence Index edged up a tenth of a point in January to 45.8, a statistically insignificant rise that barely extended the monthly index's string of gains to seven consecutive months. The index is a result...

Houghton Mifflin tool can help win federal funds
Globe Staff Houghton Mifflin Harcourt, a Boston publisher whose product lineup includes textbooks and educational aids, said that its curriculum data-analysis tool is helping California schools to apply for some of the $700 million available in the federal government's Race...

Pending home sales in Mass. rose for 7th month
Globe Staff The number of Bay State single-family homes put under sales agreement in January was up 8 percent over the same time last year, while the number of condominiums put under agreement was up 10 percent, the Massachusetts Association of...

Dyax drug is now on the US market
Globe Staff Dyax Corp. said that KALBITOR, its treatment for acute attacks of hereditary angioedema in patients 16 and older, is now commercially available in the United States. Hereditary angioedema, or HAE, is a rare, genetic disorder characterized by severe,...

iPhone app can help with CPR training
Globe Staff ZOLL Medical Corp., a Chelmsford company that develops and markets medical devices and software for emergency care situations, said that it making a special February offer of an iPhone training app that can aid professionals and lay rescuers...

Today in Globe Business
Costly settlement over stents Boston Scientific Corp. yesterday disclosed the largest legal settlement in its 30-year history, agreeing to pay more than $1.7 billion to rival Johnson & Johnson to resolve three patent disputes. The legal wrangling, dating back to...

Monday, February 1, 2010

Decision Resources of Waltham buys BioTrends
By Robert Weisman, Globe Staff Decision Resources Inc., a health care research and advisory firm in Waltham, today said it is buying BioTrend Research Group of Exton, Penn., for an undisclosed sum. The purchase of BioTrend, which provides specialized market...

State Street Global Advisors taps Smith
Globe Staff State Street Global Advisors, the investment management business of State Street Corp., announced the appointment of Barry F. X. Smith as global head of its cash business. "In this new position, Smith, 44, will be responsible for all...

Toyota parts should arrive later this week
By D.C. Denison, Globe Staff Auto dealers will receive the parts they need to fix recalled Toyota Motor Corp. vehicles as soon as this week, according to the manufacturer, and some will rush to get repaired cars back to customers,...

HFF arranges $45m financing for Brookline building
Globe Staff The Boston office of Holliday Fenoglio Fowler LP said that it has arranged a $45 million first mortgage loan secured by a 155,896-square-foot office building in Brookline Village. Working exclusively on behalf of ND/CR 10 Brookline, which bought...

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