Wednesday, June 16, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, June 16, 2010

Measles confirmed at Reebok HQ
Public health nurses are giving measles shots to hundreds of workers today at the Canton headquarters of Reebok after an employee was diagnosed with the highly transmissible viral disease, health officials said.

Mass. secretary of state targets bank with lawsuit
The Massachusetts secretary of state is accusing Bank of America's investment arm of misleading an investor.

GTC restructures, gets debt financing
GTC Biotherapeutics said it is restructuring and downsizing its operations even as it secures $7 million in debt financing from its French strategic partners.

Senate bill to extend jobless benefits fails test vote
Proposed federal legislation that would have extended unemployment benefits for people without jobs failed to muster even a majority in a test vote in the US Senate, much less the 60 votes that would be required to defeat a GOP filibuster.

Mintz Levin establishes a diversity scholarship
Boston law firm Mintz Levin Cohn Ferris Glovsky and Popeo PC said it has established a diversity scholarship named for Herman Mintz, one of the original name partners of the firm.

Public to be heard about Cape Wind power deal
Massachusetts utility regulators are holding the first of three public hearings on National Grid's deal to buy power from the Cape Wind offshore wind farm.

CEO Crandall will also be MassMutual chairman
Roger W. Crandall has been elected chairman of the board of Massachusetts Mutual Life Insurance Co., the Springfield-based company said today.

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

Curis says drug fails in colon cancer study
CAMBRIDGE -- Drug developer Curis Inc. said a potential colon cancer treatment failed to meet its goal in a midstage study.

Mass. foreclosure petitions drop 9 percent
Lenders initiated fewer foreclosures in Massachusetts in May than they did both a year ago and in April, but the number of completed foreclosures rose sharply, the Warren Group said today.

Evergreen Solar unveils new solar panel line
Evergreen Solar Inc. said it is about to unveil its upcoming line of higher efficiency solar panels featuring its newly developed BOOST Cell Technology in Paris

Predictive Biosciences completes $25m round
Predictive Biosciences announced the completion of a $25 million Series C round of growth capital financing.

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

Tuesday, June 15, 2010

More than a dozen New England shopping centers up for sale
By Jenn Abelson, Globe Staff The Atrium Mall in Chestnut Hill is up for sale, along with stakes in about a dozen other shopping centers in New England run by Simon Property Group, according to people with knowledge of the...

Talk show host Rennie sentenced to 7 years
By Todd Wallack, Globe Staff Former radio talk show host Gregg T. Rennie was sentenced in Boston today to seven years in prison for his role in swindling customers of his financial advisory business. US District Judge Edward F. Harrington...

Office Environments wins award
Office Environments of New England has won an ARCHI-TECH grand prize in any audio-visual category for a project that Office Environments worked on in Waltham.

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