Tuesday, April 6, 2010

Daily Business Update from the Boston Globe

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Tuesday, April 6, 2010

Health insurers stop writing policies for some
By Robert Weisman, Globe Staff Most Massachusetts health insurers have temporarily halted writing new policies for individuals and small businesses through a state-sponsored broker, according to a notice posted today on the website of the Massachusetts Health Connector. The agency,...

Alicia Keys and Monster seek head blogger
Monster.com is helping pop chanteuse Alicia Keys to find a head blogger for her new website, "I Am A Super Woman."

Seaport Hotel woos those who drive green
The Seaport Hotel said it is offering overnight guests who arrive in hybrid or electric vehicles access to a complimentary charging station and a complimentary night of valet parking through the end of 2010.

Office Depot offers recycling discounts
Office Depot is teaming up with Gazelle.com of Boston on an Earth Day promotion that will give instant store rewards and discounts to consumers who turn in certain types of used printers, shredders, cameras, or notebook computers at Office Depot stores.

Yankee Group gets investment, starts CEO search
Alta Communications is investing another $10 million in Yankee Group, which is looking for a new chief executive.

BrightCove closes on $12m financing round
BrightCove Inc., a Cambridge company that provides video management services, confirmed in a blog post on its website that it has closed a $12 million Series D round of financing.

Mass. business confidence was up in March
A business confidence index for Massachusetts rose 2.7 points to post a 46.8 reading in March.

Haemonetics sees 2010 profit at top of forecast
Blood collection and processing systems maker Haemonetics Inc. said it now expects full-year earnings will come in at the high end of its prior forecast, excluding costs related to its recent purchase of Global Med Technologies Inc.

Tufts: New approaches to drug development needed
Drug development alliances and partnerships may be the best approach to bring new drugs to market, according to a panel of pharmaceutical and biotech industry leaders recently convened by the Tufts Center for the Study of Drug Development.

iRobot announces agreement with Jabil
Bedford's iRobot Corp. said it is expanding its relationship with Jabil Circuit Inc., which has provided components for iRobot's battlefield robots for several years.

LogMeIn iPad app is now available
LogMeIn said a version of Ignition, an app developed by the company that enables a user to control his or her computer from a remote location, is now available for the iPad.

American Superconductor gets $20m order
American Superconductor has received a $20m order for electrical control systems worth that Ghodawat Energy will use for wind turbines it makes in India.

Pending home sales were up again in March
The number of Massachusetts single-family homes put under agreement in March was up 27 percent over the same time last year, while condominiums were up 38 percent, the Massachusetts Association of Realtors said.

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

Monday, April 5, 2010

Health insurers sue Mass. on rate denial
half dozen state health insurers, warning they could collectively lose hundreds of millions of dollars this year, today filed a lawsuit seeking to reverse a decision by Massachusetts regulators to block double-digit premium hikes.

Small Mass. firms win EPA grants
The US Environmental Protection Agency awarded a handful of small Massachusetts businesses money to develop technologies that improve air and water quality, and help stem the effects of a changing climate.

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