Wednesday, June 9, 2010 At quiet Biogen Idec meeting, Icahn gains board seat
By Robert Weisman, Globe Staff CAMBRIDGE -- A third director backed by activist investor Carl C. Icahn was elected to the board of Biogen Idec. Inc. today during a 20-minute annual shareholders meeting marked by decorum and the absence... Clinical Data raises $27.8M through stock sale
Associated Press Biotechnology company Clinical Data Inc. said today that it raised $27.8 million through the sale of 1.9 million shares. The company, based in Newton, said it may raise another $4.2 million if the underwriters of its offer exercise... Genzyme settles proxy fight with Carl Icahn
Biotechnology company Genzyme Corp. says it settled a proxy dispute with activist investor Carl Icahn that will place two of his nominees on the board of directors. Solo Cup to close North Andover plant
Globe Staff Solo Cup Co. said today that it will close its plant in North Andover as part of a broader plan to increase the efficiency of its operations. The company said the closing, which will happen in middle to... CVS Caremark to cut off Walgreen from network
Associated Press CVS Caremark says it's ending rival Walgreen's participation in its retail pharmacy network starting next month. The Woonsocket, R.I. pharmacy benefits manager and drugstore retailer says it will stop participation 30 days from Wednesday or as required by... Kopin lands $16 million Army order
Kopin Corporation, the Taunton manufacturer of display systems for mobile consumer and military applications, today said it has received a $16 million follow-on production order of display modules for the U.S. Army's Thermal Weapon Sight program. The order, to be... PTC opens community site
By D.C. Denison, Globe Staff PTC, the Needham firm that provides software and services for product design, today launched PlanetPTC Community, an online environment where PTC customers and other product development professionals can showcase their work, network with peers, and... Gaming foes, backers converge on Mass. statehouse
Associated Press Massachusetts lawmakers heard pleas from casino foes and supporters alike on Tuesday, including the leaders of the state's two federally recognized Indian tribes, both of whom want to build a casino in Fall River. The public hearing came... Fold-up plane coming to Boston
A two-seat recreational plane with fold-up wings will be on display in Boston next week. On June 15th the ICON A5 (above) will be parked outside The Institute of Contemporary Art on the waterfront in South Boston. According to... RI business owner pleads guilty to federal fraud
Associated Press The owner of a Rhode Island temporary employment agency that largely hired non-English speaking immigrants has pleaded guilty to federal charges he failed to pay between $7 and $20 million in federal withholding, Social Security and Medicare taxes.... Today in Globe Business
The official in charge of monitoring insurer solvency at the state Division of Insurance sent an internal e-mail this spring warning that the rates the division imposed on health plans ?have no actuarial support?? and could lead to ?a train wreck?? in the industry. Tuesday, June 8, 2010 Health insurance caps blasted in state official's email
A top state insurance official has said that health insurance caps the Patrick Administration placed on major insurers had "no actuarial support" and would most likely cause "a train wreck." JetBlue tops customer satisfaction list
By Katie Johnston Chase, Globe Staff Boston's biggest carrier, JetBlue Airways, has been named the top-rated low-cost carrier for the fifth year in a row, according to J.D. Power and Associates' 2010 North America Airline Satisfaction Study, released today. Alaska... 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... | 
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