Tuesday, June 29, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, June 29, 2010

About 3,900 locals could miss out on home tax credit
Roughly 3,900 Massachusetts home buyers will lose the advantage of a tax credit on a pending home purchase if Congress fails to pass an extension to the home buyer tax credit closing deadline of June 30. the Massachusetts Association of Realtors said.

Alnylam receives OK for early stage drug testing
Drug developer Alnylam Pharmaceuticals Inc. said that three European countries have cleared it for early-stage clinical testing of a potential treatment for a hereditary disease caused by a genetic mutation.

Boost your hosting skills with a night at the W
The W Boston hotel and the Boston Center for Adult Education are teaming up to offer a new take on summer school for folks who like to take "stay-cations."

American will end nonstop Hub flights to SF
American Airlines is discontinuing its twice-a-day nonstop flights from Boston to San Francisco, effective Nov. 18, leaving United Airlines, Virgin America, and JetBlue Airways on the route.

Investor confidence edges up in State Street index
Global investor confidence rose 1.3 points to 89.7 in June from May?s revised reading of 88.4, and confidence continued its decline in North America, falling 6.3 points to 92.2 from May?s revised reading of 98.5, State Street Global Markets said today.

Eastern Bank agrees to buy Wainwright Bank
Eastern Bank Corp. said today it has agreed to acquire Wainwright Bank & Trust Co. in an all-cash transaction valued at approximately $163 million.

Dunkin’ Coolatta toasts Wally the Green Monster
In the ultimate slush-drink tribute, Dunkin' Donuts said it is adding a Wally the Green Monster Coolatta to its summer beverage line-up.

PC accessories market is vibrant, report says
The personal computer accessories market expanded last year even while PC prices continued to erode, according to a new report from IDC.

BIND Biosciences secures $12.4m financing
BIND Biosciences, a Cambridge biopharmaceutical company that looks to use a proprietary medicinal nanoengineering platform to develop new drugs, said it has secured a $12.4 million Series C-1 financing.

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

Monday, June 28, 2010

Davis buys One and Three Burlington Woods
The Davis Cos., a Boston-based real estate investment, development, and management firm, has completed the acquisition of One and Three Burlington Woods, a two-building office park in Burlington.

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