Tuesday, June 8, 2010

Daily Business Update from the Boston Globe

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Tuesday, June 8, 2010

GT Solar inks contracts for more than $70 million
Associated Press GT Solar, which makes equipment and develops technology for the power industry, said today that it has signed contracts valued at more than $70 million for its polysilicon production equipment. GT Solar, which is based in Merrimack, New...

Beth Israel, CareGroup settle overtime lawsuit
Globe Staff Beth Israel Deaconess Medical Center and other CareGroup Inc. affiliates have agreed to settle a class-action lawsuit against the hospital chain alleging that workers were not paid for working through lunch breaks or beyond their scheduled shifts. The...

Constant Contact launches 'MarketPlace'
Globe Staff Constant Contact, the Waltham firm that provides e-mail marketing and other services to small businesses, today introduced an online MarketPlace for small businesses and nonprofits. The MarketPlace offers members of the Constant Contact Partner Program a channel to...

Boston Private names new chief executive
By Todd Wallack, Globe Staff Boston Private Financial Holdings Inc. said today that Clayton G. Deutsch, 55, a senior partner at the McKinsey & Co. consulting firm, will succeed chief executive Timothy L. Vaill on July 31. Vaill, who remain...

Vistaprint launches contest for 'micro businesses'
Vistaprint, which provides marketing products and services to small businesses, today announced a ?Make an Impression Contest? with a prize package they value at $10,000. The contest is open to companies with under 20 employees, which Vistaprint categorizes as "micro...

Loss narrows at Talbots
Associated Press Clothing maker Talbots Inc. said today that its fiscal first-quarter net loss narrowed as shoppers snapped up its spring offerings. Adjusted earnings beat expectations and it forecast full-year earnings excluding items above what Wall Street expected. It shares...

NH House, Senate to vote on budget fix, gambling
Associated Press Democratic legislative leaders are placing their bets on a one-day special session Wednesday to close New Hampshire's projected $295 million budget gap using a combination of spending cuts, borrowing and potential state land sales, but includes no broad-based...

Lawmakers retool RI wind farm legislation
Associated Press Rhode Island legislative leaders and the governor's office are responding to opposition to permit an offshore wind-energy farm without the approval of the state Public Utilities Committee are working on new legislation that restores PUC review. The Providence...

Gaming foes, backers converge on Statehouse
Critics and supporters of allowing casino gambling to Massachusetts are descending on the Statehouse to weigh in at a public hearing. The Senate scheduled today's hearing on proposals to license three casinos. Two of the casino licenses would be competitively...

Today in Globe Business
Fidelity Investments has reduced its Massachusetts workforce by more than a quarter since 2006, while cutting its overall global employment by nearly 10,000 jobs over the past few years.

Monday, June 7, 2010

New iPhone spins and shoots
The newest version of Apple Inc.'s hugely popular iPhone features a built-in videoconferencing feature - the most eye-catching of several major upgrades unveiled today.

Mass. Gov. Patrick receptive to sales tax holiday
Associated Press Gov. Deval Patrick says he would support a sales tax holiday this summer if the state can afford it. The Democrat made the statement today, despite offering a budget with service cuts triggered by falling tax collections. The...

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