Thursday, March 11, 2010

Daily Business Update from the Boston Globe

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Thursday, March 11, 2010

Logan international flights are projected to rise
The number of international flights from Logan International Airport is projected to rise 9 percent this summer when compared to the same period last year, the Massachusetts Port Authority said.

Archdiocese moves to build Dorchester housing
The Archdiocese of Boston said it has decided to convey the property of the former St. Kevin?s parish in Dorchester to a partnership of Catholic ministries that plan to redevelop it into permanent housing.

Porter Airlines expands Boston service
Porter Airlines said it is expanding its schedule to offer five daily roundtrip flights between Boston Logan International Airport and Billy Bishop Toronto City Airport, starting March 31.

Princeton Review posts smaller 4Q loss
FRAMINGHAM - Test prep and online learning company Princeton Review Inc. said its fourth-quarter net loss narrowed, boosted by a gain to common shareholders from an exchange of preferred shares.

New Staples website aims to help businesses
Staples Inc., the Framingham-based office supplies retailer, said its Staples Advantage business-to-business division is launching a new website that seeks to address customer demands for reduced procurement costs.

Regulatory workload rises for drug firms
A growing volume of global drug development activity has dramatically increased the workload for regulatory affairs professionals at pharma and biotech companies, the Tufts Center for the Study of Drug Development says.

FDA approves Boston Scientific stent
Boston Scientific Corp. said it has gotten Food and Drug Administration approval to market an iliac stent system in the United States.

Hill Holliday taps Herbert as chief strategy officer
Hill Holliday, the large Boston ad agency, announced the appointment of Dirk Herbert as the agency's chief strategy officer.

Princeton Review offers health care education
The Princeton Review Inc., a Framingham-based provider of test preparation and online career education services, said it has launched a new division to operate a venture with community colleges that is designed to "expand distance and hybrid learning opportunities in the allied health care field."

Two triathletes will endorse Saucony
Saucony, the athletic footwear and apparel brand based in Lexington, said it has signed Olympic triathlete Jarrod Shoemaker and Sarah Groff, a member of the USA Triathlon National Team, to multi-year endorsement contracts.

Houghton Mifflin completes plan to reduce debt
Houghton Mifflin Harcourt Publishing Co., a Boston-based publisher of educational materials, said it has successfully completed a previously announced balance-sheet recapitalization plan.

Raytheon appoints 3 executives to new posts
Waltham defense contractor Raytheon Co. named three executives to new positions.

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

Wednesday, March 10, 2010

Columbus Center mega-project officially over
By Casey Ross, Globe Staff After 13 tortured years, Boston's massive Columbus Center development is officially dead. The project's main backer, the California State Pension Fund, said yesterday construction of the $800 million mega-complex is no longer economically feasible and...

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.

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