Tuesday, June 15, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, June 15, 2010

ONE brand product line is now available at Target
Global Protection Corp., a Boston-based company that manufactures and distributes condoms, said its ONE brand of condoms is now available in Target stores nationwide.

Juicy Couture and kate spade tap PGR Media
PGR Media said it has been selected to handle media strategy, buying, and planning for two Liz Claiborne brands - Juicy Couture and kate spade new york.

Coyle to head State Street Global Advisors business
State Street Global Advisors, the investment management business of State Street Corp., announced the appointment of Steve Coyle as head of the US sub-advisory business within its intermediary business group.

Zero gravity flight could be great gift for dad
Virginia-based Zero Gravity Corp. is scheduling a June 26 flight from Logan International Airport that will swoop through about a dozen parabolas so passengers can experience weightlessness and float like an astronaut.

Raytheon gets $73m missile defense contract
Waltham-based defense contractor Raytheon Co. said it received a $73 million contract for upgrades to missile defense systems in Taiwan and Kuwait.

Mass. is emerging from recession faster than US
The Massachusetts economy is emerging from recession more quickly than the nation as a whole, but the European debt crisis and deep state and local budget cuts that are leading to layoffs pose threats to the state's recovery, according to a panel of economists.

HRPT Properties selling properties, changing name
NEWTON - Real estate investment trust HRPT Properties Trust said it has agreed to sell 15 properties to Government Properties Income Trust for $231 million.

Workshop to outline alternatives to layoffs
The Massachusetts WorkSharing Program, a state initiative, has scheduled a Worcester workshop this week for employers that will outline alternatives to layoffs.

Prominent developer Edward Fish has died
Edward A. Fish, a prolific developer and leader in the city's business community, has died, his company confirmed today. The cause of death was not immediately available.

EnerNOC, TVA expand energy program
EnerNOC, a Boston-based energy management company, said it is poised to enter the second, larger phase of a demand-response program with the Tennessee Valley Authority, the largest public power company in the United States.

Duxbury approves Verizon FiOS TV
The Duxbury Board of Selectmen granted a cable franchise to Verizon Communications Inc. for its FiOS TV service, Verizons said today.

Genzyme offering $1 billion in notes
CAMBRIDGE -- Biotechnology company Genzyme Corp. said it will privately offer $1 billion in senior notes and use the proceeds to buy back stock under a $2 billion program.

FoldRx Pharmaceuticals secures $29m financing
FoldRx Pharmaceuticals Inc. said it has closed a $29 million financing.

EClinicalWorks is moving to larger HQ
EClinicalWorks said it is planning to move to larger headquarters in Westborough early next year to accommodate its growth.

AMSC touts milestone
AMSC issued a press release that claims that nearly 10 percent of the world's wind-generated electricity is "powered by AMSC."

PC market poised for strong growth, IDC reports
Global shipments of personal computers posted year-on-year growth of 27.1 percent in the first quarter of 2010, according to IDC, a market intelligence firm headquartered in Framingham.

Realtors less bullish on local housing market
An index that tracks expectations about the local housing market posted a reading of 39.49 in May, down from an April score of 51.76, the Massachusetts Association of Realtors said today.

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

Monday, June 14, 2010

Putnam launches new funds
Putnam Investments, one of the oldest and best known Boston mutual fund companies, announced plans to launch a new suite of "multi-cap equity funds," the latest in a series of product launches since Robert Reynolds became chief executive two years ago.

Genzyme MS drug granted fast track status
Genzyme Corp., a large Cambridge biotechnology company, said that its alemtuzumab for multiple sclerosis development program has been granted Fast Track status by the US Food and Drug Administration.

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