Tuesday, March 16, 2010

Daily Business Update from the Boston Globe

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Tuesday, March 16, 2010

FDA questions new use for Boston Science device
The Food and Drug Administration says a heart device from Boston Scientific appears effective for a new group of patients, though questions remain about the company's study of the device.

AthenaHealth shares climb after 4Q report
Shares of athenaHealth Inc. climbed, a day after the clinical software maker issued a delayed fourth-quarter earnings report.

Smartphone apps a potential gold mine, report says
Prices for smartphone apps aren't deterring consumers as the app market soars, a report from Yankee Group says.

TomTom weighs in on March Madness
TomTom, which makes car-navigation devices, weighs in on March Madness. Using traffic data, it looks to find out which basketball cities have the worst traffic jams.

Arnold wins Huntington bank business
Arnold Worldwide, the large Boston ad agency, said that it has been appointed as the lead integrated marketing partner for Huntington National Bank, a regional bank headquartered in Ohio.

Free joe can caffeinate workplace morale
Americans between the ages of 18 and 34 report spending an estimated $440 a year and log more than 38 hours of time toward purchasing coffee and tea during the work week.

Ariad 4Q loss widens on revenue dip, higher costs
Drug developer Ariad Pharmaceuticals Inc. said its fourth-quarter loss widened on lower revenue and rising research and development costs.

One Brigham Circle has a new owner
New Boston Fund Inc., a private equity real estate investment, development and management firm, said it has sold One Brigham Circle to AEW Capital Management LP, a Boston-based real estate investment manager.

Plant that uses Evergreen solar panels is now online
Evergreen Solar Inc. announced today that a power plant in Apulia, Italy that uses its solar panels is now online.

Netflix taps Akamai
Akamai Technologies Inc. said it has been selected as the primary content delivery network for movies and TV episodes streamed instantly over the Internet by Netflix, a company that offers an online subscription service for movie rentals.

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

Monday, March 15, 2010

Qdoba burrito chain faces financial troubles
By Jenn Abelson, Globe Staff Due to the recession, burrito chain Qdoba Mexican Grill is facing a full course of financial troubles: It owes tens of thousands of dollars in unpaid taxes, the business has shuttered struggling stores, and now...

Killingsworth out as Blue Cross CEO
Blue Cross and Blue Shield of Massachusetts announced the resignation of chief executive Cleve Killingsworth.

Bankruptcy lawyers join Sullivan & Worcester
Sullivan & Worcester LLP, a law firm with offices in Boston, said five attorneys specializing in bankruptcy are joining the firm.

Myriad, Javelin set April 22 for vote on buyout
CAMBRIDGE- Javelin Pharmaceuticals Inc. said it has set April 22 as the date for its shareholders to vote on a proposed buyout by Myriad Pharmaceuticals Inc.

Boston Scientific stops defibrillator sales
Boston Scientific Corp., the Natick-based medical device maker, said today that it has stopped shipment of all its implantable cardioverter defibrillators and cardiac resynchronization therapy defibrillators.

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