Tuesday, April 13, 2010

Daily Business Update from the Boston Globe

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Tuesday, April 13, 2010

European regulators OK ConforMIS knee device
ConforMIS Inc., a Burlington medical device company, said it has received regulatory approval to sell its knee replacement system throughout the European Union.

Searchandise Commerce closes $7m financing
Searchandise Commerce, an online media network for product manufacturers and their retail channel partners, today announced it has secured $7 million in venture capital funding.

Hub uber chef, Cabot unveil cheesy chow push
Hub restaurateur Stephanie Sokolove and Cabot Creamery Cooperative teaming up on co-marketing initiatives that will promote Cabot cheese as an important ingredient for many comfort food recipes.

Verizon set to break ground on Waltham building
Verizon Communications Inc. said it has scheduled a Thursday ground-breaking for a 60,000-square-foot building that will be an addition to its Waltham campus.

Negroponte wins LEGO prize
Nicholas Negroponte will receive the LEGO Prize today for his vision in founding One Laptop Per Child, LEGO said in a press release.

Ahead of the Bell: Molecular Insight stock soars
Shares of Molecular Insight Pharmaceuticals have more than doubled since Monday after the biotechnology company announced the results from a mid-stage clinical trial for its potential cancer treatment.

MicroCHIPS has a new chief executive
MicroCHIPS Inc., a Bedford medical device company, announced the appointment of former Auspex Pharmaceuticals CEO Ajit S. Gill as its new president and chief executive.

Talbots posts 4Q profit, revenue to beat view
The women's apparel retailer Talbots Inc. posted a profit for the fourth quarter after a loss a year ago, and said it expects revenue in the first quarter and the full year that would top current Wall Street expectations.

Alkermes submits more data on Vivitrol
Alkermes Inc. said it has submitted a supplemental new drug application to federal regulators as it seeks approval for Vivitrol as a treatment for opioid dependence.

Celtics look to social media
The Boston Celtics said that they are about to pick a winner for a contest featured in their Celtics Banner Moments social media program.

Progress Software CFO to retire this year
BEDFORD - Progress Software Corp. said that chief financial officer Norman R. Robertson will retire this year.

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

Monday, April 12, 2010

State alleges ex-loan officer 'preyed' on owners
By Jenifer B. McKim, Globe Staff A former mortgage loan officer with Bank of America Corp. is being sued by the Massachusetts attorney general's office for allegedly demanding illegal fees from homeowners who sought help to avoid foreclosure. Attorney...

Sportbox taps Schilling for board seat
Sportbox, a Boston-based sports marketing and advisory firm and a long standing licensee of Major League Baseball, said that former Red Sox star Curt Schilling has been appointed to its board of directors.

Judge denies insurers' request for injunction
Suffolk Superior Court Judge Stephen E. Neel today denied a request by six health insurers to allow them to implement double-digit premium rate increases for tens of thousands of small businesses and individuals.

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