Thursday, April 1, 2010

Daily Business Update from the Boston Globe

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Thursday, April 1, 2010

American Superconductor inks Australian deal
American Superconductor Corp., which makes equipment for power generators and utilities, said it has received an order from an Australian company for a large grid interconnection system.

IRS delays filing deadlines for some in RI and Mass.
Many taxpayers in Mass. and RI are breathing a little easier after the IRS decided to postpone tax filings for residents and businesses in counties declared federal disaster areas following recent storms. Taxpayers don't have to prove they suffered damage.

Mass. rejects proposed health care premiums hikes
The Massachusetts Division of Insurance this morning turned down 235 of 274 increases proposed by Massachusetts health insurers for small businesses and individuals.

Ameresco files for $125 million IPO
Ameresco Inc. is planning an initial public offering of up to $125 million.

Times Co. sells piece of Red Sox parent
The New York Times Co. said today that it has sold a small part of its stake in the Boston Red Sox and related properties to a venture capitalist.

Red Sox are no Angels
When it comes to boffo box office for opening day games, Red Sox are behind the Angels, the Twins, and the Yankees.

Boston Scientific recall could cost $469m
Boston Scientific Inc., the Natick-based medical device maker, is projected to lose $469 million in defibrillator sales during the next two years as a result of its recent recall of the heart-rhythm devices, Bloomberg News is reporting.

NStar offers more incentives to firms to cut energy use
NStar is upping the monetary incentives it offers to business customers that take steps to cut their energy consumption.

AMAG, Takeda in strategic collaboration
AMAG Pharmaceuticals Inc. of Lexington and Japan's Takeda Pharmaceutical Co. Ltd. today jointly announced that the companies have entered into a license, development, and commercialization agreement related to the drug Feraheme

Today in Globe Business
A sample of Business stories from the print edition of today's Boston Globe.

Wednesday, March 31, 2010

Shaw's to cut heath care coverage of striking workers
By Jenn Abelson, Globe Staff Shaw?s Supermarkets Inc. is cutting off health care coverage Thursday for about 300 striking workers from the company?s Methuen distribution plant, according to union officials. ??We?re extremely disappointed that the company has decided to cut...

A long shot? Jordan's launches new Sox promotion
Jordan's Furniture is hoping to turn a long shot for its customers into a marketing hit for the chain.

American Airlines, JetBlue form partnership
American Airlines and JetBlue Airways have formed a partnership to offer passengers connections to flights in and out of New York and Boston.

IRS will delay April 15 deadline for many in Mass.
Victims of severe storms and flooding in Massachusetts may qualify for tax relief from the Internal Revenue Service; relief comes in the form of some IRS deadlines being moved back to May 11, including the April 15 deadline for filing 2009 individual returns.

Top biotech executives differ on health care law
By Robert Weisman, Globe Staff Top executives of the state's two largest biotechnology companies offered diverging views today on the health care bill signed into law by President Obama, with one contending it protects innovation and the other insisting it...

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