Thursday, February 18, 2010

Daily Business Update from the Boston Globe

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Thursday, February 18, 2010

TD Bank says it is now carbon neutral
Globe Staff TD Bank says it's achieved its goal of going carbon neutral by putting up green buildings, lowering its energy consumption, and investing in renewable energy.

Cape resort bought by ING Clarion fund and partner
Globe Staff ING Clarion Development Ventures III, an investment fund, said it has acquired the Sea Crest Resort & Conference Center with Scout Real Estate Capital. An ING Clarion press release describes the 266-room Sea Crest in Falmouth as a...

Former auto dealer site in Woburn is sold
Globe Staff Argonaut Holdings has sold a 5.6-acre redevelopment site in Woburn to Nai Nan Ko, said a broker involved in the transaction. The broker is Jones Lang LaSalle, a financial and professional services firm specializing in real estate. Jones...

National Grid outlines energy-efficiency efforts
Globe Staff National Grid outlines more energy-efficiency efforts that can help customers lower their energy bills and shrink their carbon footprints.

Massport approves $1b capital program
Globe Staff. Massport approves more than $1 billion in projects, including renovations at Logan International Airport.

Olympics give Channel 7 a boost
By Johnny Diaz, Globe Staff Winter Olympics give ratings list to Channel 7, NBC's local affiliate.

LoJack reports 90 percent recovery rate
Globe Staff LoJack says 90 percent of the LoJack-equipped vehicles that were stolen last year were recovered.

LogMeIn's 4Q revenue increases 26 percent
By Hiawatha Bray, Globe Staff LogMeIn Inc. of Woburn, which makes software for remote operation of personal computers, posted revenues of $20.2 million in the fourth quarter of 2009, compared with $16 million in 2008, and generated net income of...

Ninja earns black belt for kitchen appliances
By Globe Staff The Ninja Master Prep from Euro-Pro wins a Housewares Design Award in the Food Preparation Electrics category.

Brand ambassador boots up Rockport campaign
By Globe Staff Rockport honors Canadian hockey star with a line of signature rain boots - boots embossed with the Candian maple leaf.

Logan ranks second to last in customer satisfaction
Logan International Airport ranks second to last in customer satisfaction among medium-size airports, according to a study released today by J.D. Power and Associates.

Analog Devices says profit triples in fiscal 1Q
Associated Press NORWOOD - Chip maker Analog Devices Inc. said yesterday that it more than tripled its profit in its fiscal first quarter as sales grew 27 percent. For the period ended Jan. 30, Analog Devices reported earnings of $120.5...

Biogen Idec updates hemophilia partnership
Globe Staff Biogen Idec, the Cambridge biotechnology company, and Swedish Orphan Biovitrum said they have restructured their collaboration on hemophilia treatments. The collaboration involves the companies' long-acting, recombinant Factor VIII Fc fusion protein (rFVIIIFc) in hemophilia A patients and the recombinant...

Today in Globe Business
Credit card bills: Easier to read, not easier to pay Credit card bills will get more user-friendly on Monday, one of the most obvious ways a new federal law will try to help frustrated customers. Statements will include information about...

Wednesday, February 17, 2010

Arnold gets a new CEO
By Johnny Diaz, Globe Staff Boston-based Arnold Worldwide, which has lost several big accounts recently, today named Andrew Benett as its new global chief executive officer. Benett will replace Fran Kelly, who will become vice chairman at Arnold. Kelly has...

Talbots amends agreement to acquire BPW
Associated Press HINGHAM - Women's clothing company Talbots Inc. said today that it has amended the share portion of its agreement to acquire BPW Acquisition Corp., part of a larger refinancing plan. Talbots originally planned to give BPW stockholders 0.9757...

Inverness Medical reports 4Q loss on charges
Associated Press WALTHAM - Diagnostics company Inverness Medical Innovations Inc. today reported a fourth-quarter loss on a series of charges. Inverness lost $3.1 million, or 4 cents per share, compared with profit of $10.9 million, or 14 cents per share,...

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