Wednesday, July 7, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, July 7, 2010

Fourth of July telecast is tops in Hub
WBZ-TV Channel 4's broadcast of the Boston Pops Fourth of July performance and fireworks celebration lit up the local ratings.

Raytheon unit wins additional $6m on contract
Raytheon Co., the Waltham-based defense contractor, said its BBN Technologies subsidiary has been awarded an additional $6.1 million in funding from a defense project to help troops rapidly translate foreign language text while on the battlefield.

Park Square building to become apartments
Developer Dean Stratouly is moving forward with a plan to transform the former Boston Renaissance Charter School on Arlington Street in Park Square, Boston, into an apartment and retail complex.

Vt. ski resort launches project with foreign money
JAY, Vt. -- Vermont's Jay Peak Ski Resort is launching a giant expansion project funded in part with money from foreign investors who were given U.S. residency permits in exchange for their money.

Bank of Easton taps Strategis
The Bank of Easton has selected Strategis as its new agency of record, said Stoughton-based Strategis, which describes itself as a marketing and communications agency.

Grogan will be a Lodestar judge
Paul S. Grogan, president and chief executive of the Boston Foundation, will be one of the judges for the 2011 Collaboration Prize awarded by the Lodestar Foundation, the Lodestar Foundation said.

eClinicalWorks tapped by Iowa extension center
eClinicalWorkstems said that Iowa's Health Information Technology Regional Extension Center has selected eClinicalWorks unified electronic medical records and practice management system.

Boston Marriott Newton will have a new owner
Chesapeake Lodging Trust, a real estate investment trust, or REIT, said it has agreed to buy the 430-room Boston Marriott Newton hotel in Newton for $77.25 million.

VHA signs deal with athenahealth
VHA Inc., a national health care network that serves more than 1,400 not-for-profit hospitals and 28,000 non-acute care providers, has signed an agreement with athenahealth Inc., Watertown company that provides electronic health record services to medical groups.

Mass. pending home sales were down again
The number of single-family homes put under agreement in Massachusetts last month was down 16 percent when compared with June 2009, and the number of condominiums was down 21 percent, the Massachusetts Association of Realtors said.

FDA grants orphan designation to Synageva drug
Synageva BioPharma Corp., a Waltham biopharmaceutical company, said it has been granted an orphan drug designation for one of its drug candidate.

State Street records after-tax charge of $251m
State Street Corp. said it recorded a second quarter 2010 after-tax charge of $251 million as part of its "commitment to resolving the challenges resulting from the market turmoil over the past several years."

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

Tuesday, July 6, 2010

Suffolk Downs unveils casino proposal
As negotiators in the state Legislature prepared to hash out a final gambling bill, the owners of the Suffolk Downs race track today unveiled their proposal today for a resort-stye casino at the East Boston facility.

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