Wednesday, July 21, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, July 21, 2010

New Balance concept store opens in Dedham
New Balance Athletic Shoe Inc. said it is scheduled to begin tomorrow grand opening celebrations for a new "concept store" at Legacy Place, the lifestyle shopping complex in Dedham.

Foreclosed homes drop sharply in value, study finds
A foreclosure reduces the value of a house by an average of 27 percent, according to MIT and Harvard researchers who examined 1.8 million home sales in Massachusetts from 1987 to 2009.

Fidelity study looks at advice and charitable giving
Some financial advisors think their clients are likely to increase their charitable giving in order to offset expected tax hikes, according to a new report from the Fidelity Charitable Gift Fund.

Remy, NESN agree to contract extension
NESN anounced this afternoon that it has agreed to a multi-year contract extension with Jerry Remy.

EMC's 2Q net more than doubles as firms stock up
EMC Corp., the data storage giant headquartered in Hopkinton, said its consolidated second-quarter revenue was $4.02 billion, an increase of 24 percent when compared with the same quarter a year ago.

Fort Point apt. building proposal is revised
A Boston developer is seeking to proceed with plans to build a residential tower in the city's Fort Point Channel neighborhood.

McGladrey buys Caturano
McGladrey, a Minnesota-based provider of assurance, tax, and consulting services, said it is expanding its presence in the Boston market by purchasing Caturano and Co., a large regional CPA, consulting, and wealth management firm.

Genzyme's 2Q profit falls
Genzyme Corp. said that second-quarter revenue fell 12 percent to $1.08 billion as the Cambridge biotechnology company continues to struggle with the fallout of problems at its Allston facility last year.

Your bad tattoos can be history, laser firm says
Candela, a Wayland company specializing in aesthetic laser treatments, issued a press release today seeking to get the attention of anyone suffering from a bad case of "tattoo regret."

Gazelle raises $12 million
Boston-based Gazelle.com, a website that buys used electronics from consumers and then resells those items, announced that Physic Ventures is leading its $12 million series C round of investment.

MassHousing announces loan for apt. complex
MassHousing, the state's affordable housing bank, announced a loan closing of $14.8 million to preserve affordability for seniors and families at an apartment complex in Stoneham.

Upromise will open KC office
KANSAS CITY, Mo.-- A Massachusetts financial company is opening offices in downtown Kansas City, bringing about 80 jobs by 2014.

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

Tuesday, July 20, 2010

Sciacca will be the Herald’s new editor
Boston Herald editor Kevin Convey will be the next editor-in-chief of the Daily News in New York, numerous media outlets are reporting.

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