Tuesday, July 20, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, July 20, 2010

TJX plans to open Marshalls stores in Canada
TJX Cos., the Framingham-based operator of such off-price retail chains as T.J. Maxx, Marshalls, and HomeGoods, said it is planning to open Marshalls stores in Canada, starting next spring.

Demonstrators gear up for Hyatt protest
Demonstrators who plan to protest in front of the Hyatt Regency Boston Thursday will engage in "civil disobedience actions" to highlight the plight of the 98 housekeepers who were fired last year and replaced by minimum-wage contract workers.

MITX appoints five board members
Google Inc.'s top local executive is among five new board members appointed by the Massachusetts Innovation & Technology Exchange, a professional organization for the Internet business and marketing industry.

State Street posts 2Q profit as fees, assets rise
State Street Corp. said that higher fees and growing assets under management lifted it to a second-quarter profit, reversing a year-ago loss that had been linked to losses on short-term corporate debt.

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

Biogen 2Q profit doubles without Acorda payment
Biogen Idec Inc., a Weston biotechnology company known for its multiple sclerosis drugs, said its second-quarter revenues were $1.2 billion, an increase of 11 percent over the second quarter of 2009.

Silver Bridge agrees to buy SF firm
Silver Bridge, a wealth advisory firm affiliated with Boston law firm WilmerHale, said it has agreed to acquire H&S Financial Advisors, a San Francisco-based wealth advisory boutique.

Sovereign, Liberty Mutual announce alliance
Sovereign Bank and Liberty Mutual Insurance announced an alliance that will provide Sovereign customers with Liberty Mutual?s personal insurance products.

Foreclosure picture isn't much improved
The number of local foreclosure petitions initiated dropped in June for the second straight month, but the number of completed foreclosures more than doubled from a year ago, the Warren Group reported today.

Senate could extend jobless benefits, Times says
The US Senate is expected to break a stalemate today over extending unemployment benefits for millions of out-of-work Americans, The New York Times is reporting.

Cubist to ring the bell for CUBICIN
Cubist Pharmaceuticals Inc. is scheduled to preside over the NASDAQ opening bell ritual this morning as a way of marking a milestone for its drug CUBICIN.

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

Monday, July 19, 2010

Fired Hyatt workers plan event this week
By Katie Johnston Chase, Globe Staff Nearly a year after they were fired from three Boston-area Hyatts and replaced with lower-paid contract workers, the Hyatt housekeepers haven't given up the fight. The fired housekeepers and their supporters plan to demonstrate...

Hub aims to redevelop site as Innovation District
Boston officials seekis developers to rebuild 6.5 acres of city property in the Marine Industrial Park, where Mayor Thomas M. Menino is trying to create a district dominated by companies specializing in technology, life sciences, and medical research.

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