Friday, June 18, 2010

Daily Business Update from the Boston Globe

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Friday, June 18, 2010

AG questions Google on private information
Massachusetts Attorney General Martha Coakley has asked Internet search giant Google Inc. whether it collected personal information from citizens without their permission.

Satcon announces $12m debt facility deal
BOSTON -- Satcon Technology Corp., which makes power generation products for the alternative energy industry, said Thursday that it received a $12 million subordinated debt facility from Horizon Technology Finance.

Taiwanese company will now be known as E Ink
Yuan Tai Technologies Inc., the Taiwanese video display maker that bought E Ink Corp. of Cambridge last year, announced today that it has changed the international version of its name from Prime View International to E Ink Holdings Inc.

Even misers spend big on cellphone bills
Tough times have had consumers cutting their spending on just about everything from fancy restaurant dinners to new cars and tony footwear, but one area where they have been reluctant to skimp on is bills for their phone, Internet, and TV services.

Have a free slush drink on Cumberland Farms
Cumberland Farms promises to be a slush drinker's paradise at its local convenience stores today as the chain gives away free Chill Zone beverages, one free drink per customer.

Genzyme announces accelerated share repurchase
Genzyme Corp., the big Cambridge biotechnology company, announced today that it has entered into an agreement with Goldman, Sachs & Co. to repurchase $1 billion of Genzyme common stock under an accelerated stock repurchase program.

NY drug store chain will sell Bubble Chocolate
Bubble Chocolate, a candy company based in Salem, said that its aerated dark and milk chocolate bars will be sold at Duane Reade, a New York drug store chain with more than 250 locations.

Raytheon gets $9m Navy weapons system order
The US Defense Department said Thursday that Waltham-based defense contractor Raytheon Co. has received an order from the Naval Air Systems Command in Patuxent River, Md., for aircraft weapons systems worth about $9 million.

Watts Water confirms interest in acquisition
Watts Water Technologies Inc. said that it expects to acquire Austroflex Rohr-Isoliersysteme GmbH by the end of June.

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

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