Wednesday, March 10, 2010

Daily Business Update from the Boston Globe

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Wednesday, March 10, 2010

Gulf Oil will rebrand some Ky. gas stations
Gulf Oil Limited Partnership said it has signed a branded distributor agreement with Southern Petroleum of Somerset, Ky.

Puma agrees to buy Acushnet's Cobra golf brand
Cobra Golf, part of the brand portfolio of the Fairhaven-based Acushnet Co., is being sold to Puma, the German sports lifestyle company.

It's suitcase party time, Samsonite turns 100
Samsonite, the famous suitcase company, hires Boston ad agency Connelly Partners, to help celebrate its 100th birthday

Mullen debuts Zappos work, lands Century 21
Boston ad agency Mullen debuted its first work for Zappos.com, the online retailer, and disclosed that it has been tapped by Century 21 Real Estate LLC to provide public relations and social media services for the residential real estate sales organization.

Hub firm helps NY doctors make virtual house calls
American Well Inc. said that two BlueCross BlueShield health plans serving parts of New York state will deploy American Well?s online care platform to eligible members and employers beginning this summer.

Who, What, Where
Who, What, Where is a random sample of personnel changes at local companies.

Novelos says lawsuit is without merit
Novelos Therapeutics Inc., a Newton biopharmaceutical company, said today that a class action lawsuit filed against it is "without merit."

Idera 4Q profit grows on cancer drug payment
CAMBRIDGE - Idera Pharmaceuticals Inc. said its profit climbed more than tenfold in the fourth quarter after it received a milestone payment from its partner Merck KGaA.

People of size should pay extra to fly, survey says
According to a new survey from TripAdvisor, 74 percent of respondents think "passengers of size" should be required to purchase tickets for two seats on their flights.

Gap will deploy Kiva robot system
Kiva Systems of Woburn said that Gap Inc. Direct has deployed a new Kiva robot system to help automate a Gap fulfillment center in Columbus, Ohio.

Today in Globe Business
A sample of stories that appear in the Business section of today's print edition of The Boston Globe

Tuesday, March 9, 2010

North Andover man gets jail time in sunroom scam
By Jenifer B. McKim, Globe Staff A North Andover man was sentenced today to serve four years in the Essex County House of Correction for failing to build more than 20 sunrooms for homeowners as promised by his company, the...

Drugmaker settles billing lawsuit for $3.6 million
By Robert Weisman, Globe Staff The state attorney general's office today said it reached a $3.6 million settlement with a New Jersey maker of generic drugs it accused of falsely inflating prices to get higher Medicaid payments. The settlement...

Raytheon awarded $152.4m contract modification
Waltham-based defense contractor Raytheon Co. said it received a US Army contract modification worth $152.4 million to provide engineering services for the Patriot defense system.

Faux website looks to scam Madoff victims
As if things weren't tough enough for Bernie Madoff's victims: Scam artists have created a faux website mimicking that of the agency handling claims for the swindler's investors.

British Airways pension trustees tap State Street
State Street Corp., a Boston company that provides financial services to large investors, said it that it has been retained by the British Airways Pension Trustees to service its ?14 billion UK pension fund.

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