Thursday, April 15, 2010

Daily Business Update from the Boston Globe

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Thursday, April 15, 2010

Marathon could pump $123m into Hub economy
Monday's Boston Marathon will pump $122.7 million into the local economy, according to the Greater Boston Convention & Visitors Bureau.

Hero pilot will address chamber
The Greater Boston Chamber of Commerce announced today that Chesley B. ?Sully? Sullenberger III, pilot of ?The Miracle on the Hudson,? will be the keynote speaker at its annual meeting and dinner set for May 4 at the Boston Marriott Copley Place.

Sprinter Williams signs on with Saucony
Saucony, the Lexington based athletic footwear and apparel brand, said that it has signed a mulit-year endorsement contract with sprinter and two-time US Olympian Lauryn Williams.

Kingsdale is leaving Connector
Jon Kingsdale, the executive director of the Connector Authority, a quasi-state agency that oversees Massachusetts' landmark health law, is stepping down in June, Governor Deval Patrick announced today.

Iceland volcano causes some Logan cancellations
Volcanic ash from an eruption in Iceland has caused the cancellation of four flights so far this morning from the United Kingdom into Logan International Airport

Settlers-vs.-Indians board game rankles tribes
Some Native Americans are angry about a board game about King Philip's War.

EDC to move HQ to Waltham
Education Development Center Inc., a global education and health nonprofit organization, said that it will relocate its corporate headquarters from Newton to Waltham in November 2011.

Bosses crack down on Twitterati
Social networking sites like Facebook and Twitter are more popular than ever, but companies are cracking down on how their employees use those sites at work, according to a new study from Robert Half Technology.

Mass. unemployment falls to 9.3 percent
The Massachusetts unemployment rate fell from 9.5 percent in February to 9.3 percent in March, state officials said today.

Thermo Fisher buys small Danish company
Thermo Fisher Scientific Inc, a large Waltham-based provider of laboratory equipment, said that it has acquired Proxeon A/S, a Danish supplier of products for proteomics analysis.

Whitworth elected to Genzyme's board
Genzyme Corp., the large Cambridge biotechnology company, said that that Ralph Whitworth, principal and co-founder of Relational Investors LLC, has been elected to Genzyme's board of directors, effective immediately.

Celgene deal means $130m for Agios
Agios Pharmaceuticals Inc. will receive a $130 million upfront payment, including an equity investment, under an agreement with Celgene Corp., the two companies said today.

Foundation raises $25m, taps Borisy as CEO
Foundation Medicine said it has completed a $25 million Series A financing led by Third Rock Ventures, a Boston venture capital firm.

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

Wednesday, April 14, 2010

Pozen easing out at MFS Investment Management
By Beth Healy,Globe Staff Robert C. Pozen, a veteran mutual funds executive who joined Boston's MFS Investment Management in 2004 to help repair its reputation after a trading scandal, will give up his chairman's role in July, the company said....

Report: New England economic recovery accelerating
By Robert Gavin, Globe Staff The New England recovery appears to be gaining strength as businesses across several sectors report rising demand, increasing sales, and even some hiring, according to a Federal Reserve survey released today. The survey, which comes...

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