Monday, April 26, 2010

Daily Business Update from the Boston Globe

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Monday, April 26, 2010

ISO: Region's power grid is ready for summer
New England should have sufficient electricity supplies this summer to meet consumer demand, ISO New England Inc. said today.

Deal will broaden Charles River Labs's reach
Proposed $1.6 billion acquisition of Chinese frim will broaden the reach of Charles River Labs.

First Marblehead, SunTrust in loan program pact
BOSTON - The First Marblehead Corp. said it has entered into a program with SunTrust Banks Inc. to process and manage student loans.

Firm buys Sovello, including Evergreen stake
A German private equity firm has completed the purchase of Sovello AG, a struggling solar module maker that had been partially owned by Evergreen Solar, a Marlborough manufacturer of solar panels.

Cumberland Farms debuts iced coffee offering
Cumberland Farms, the Framingham-based convenience store chain, said it is rolling out a new iced coffee offering made from its Farmhouse Blend coffee recipe.

Youkilis teams up with Liberty Bay Credit Union
Liberty Bay Credit Union said it is now the official financial institution for Red Sox star Kevin Youkilis's charitable foundation ? Kevin Youkilis Hits for Kids.

Who, What, Where
A sampling of recent personnel announcements by local companies.

Local gas prices are up 4 cents a gallon
Gasoline prices in Massachusetts rose 4 cents to$2.809 a gallon in the latest weekly AAA survey, AAA Southern New England said today.

EMC, IBM expand agreement
EMC Corp., the Hopkinton data storage giant, announced the extension and expansion of a technology licensing agreement with IBM.

Bank of America donates $500k to YouthBuild
Bank of America Corp. said it will announce a $500,000 grant to YouthBuild USA at a Boston ceremony today.

Novartis buys additional Alnylam shares
Novartis elects to buy additional shares in Alnylam under a 2005 agreement.

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

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