Thursday, March 4, 2010

Daily Business Update from the Boston Globe

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Thursday, March 4, 2010

Union leaders issue strike notice for Stop & Shop
Union leaders involved in contract talks with Quincy-based Stop & Shop have issued 24-hour strike notices, which could trigger an immediate job action if an agreement isn't reached by noon tomorrow.

Iron Mountain names former Hasbro CEO to board
BOSTON - Iron Mountain Inc. said that it added the former CEO and current chairman of Hasbro Inc., Alfred J. Verrecchia, to its board.

Tampa Bay Lightning sale finalized
The sale of the Tampa Bay Lightning to Boston Red Sox minority owner and local financier Jeff Vinik is complete.

Celldex takes larger 4Q loss on acquisition costs
NEEDHAM - Cancer drug developer Celldex Therapeutics Inc. reported a larger fourth-quarter loss due to charges related to its acquisition of Curagen Corp., sending its shares lower.

Megabus.com offer more NY departures from Hub
Megabus.com, the intercity express bus service, announced today that it will increase the number of departures from Boston to New York on March 21.

Self-styled cupcake vixen eyes Wellesley expansion
Davis Square cupcake retailer is expanding to Wellesley.

Mass. unemployment rate rises to 9.5 percent
Massachusetts unemployment rate increased from a revised 9.3 percent in December to 9.5 percent in January, the Massachusetts Executive Office of Labor and Workforce Development said today.

TJX February sales were above plan
TJX Cos., the Framingham retailer that operates such chains as T.J. Maxx, Marshalls, HomeGoods, and A.J. Wright, said February sales were $1.4 billion, up 16 percent over the same month a year ago.

Euro RSCG's Dutton joins Arnold
Another Euro RSCG veteran is taking a top job at Boston ad agency Arnold Communications; Nick Dutton has joined Arnold as managing partner. Euro RSCG and Arnold are both owned by Havas, the French communications giant.

Today in Globe Business
A round-up of stories that appear in the Business section of today's print edition of The Boston Globe.

Wednesday, March 3, 2010

Ex-Beth Israel worker pleads guilty to embezzlement
By Robert Weisman, Globe Staff A former employee of Beth Israel Deaconess Medical Center pleaded guilty in federal court today to embezzling more than $1 million by misappropriating checks made out to the hospital and obtaining fraudulent returns on hearing...

New England economy continues to improve
The New England economy continued to improve over the past several weeks as manufacturers, technology firms, and real estate agents reported stronger demand and increasing sales, according to a Federal Reserve survey of businesses.

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