Thursday, July 22, 2010

Daily Business Update from the Boston Globe

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Globe Today

Thursday, July 22, 2010

Schilling unveils first 38 Studios game
Four years after launching his videogame company 38 Studios LLC, former Red Sox pitcher Curt Schilling is ready to show off his first product.

New Cambridge company lines up $24m in financing
Euthymics Bioscience Inc. said it has lined up $24 million in Series A financing.

RI housing sales, median prices on the rise
Sales of single-family homes in Rhode Island jumped 11 percent last month when compared to June 2009, while the median price was up 5 percent.

Ameresco shares rising after IPO prices low
Shares of cleantech company Ameresco are rising after the company priced shares of an initial public offering far below the expected range, raising $87 million.

Fidelity teams up to help 11 middle schools
Fidelity Investments, the Boston mutual funds company, said it is working with a volunteer network of the Points of Light Institute to help improve the learning environments in 11 middle schools across the United States.

Bay State bankruptcy filings jump
Massachusetts bankruptcy filings increased spiked 25 percent in the first half of the year when compared to the same period in 2009, the Warren Group said today.

NY Times says ad slide has halted
The New York Times Co., which owns The Boston Globe and Boston.com., said its advertising revenue stopped falling for the first time in years during the second quarter. Digital ad sales helped offset another decline in print.

American Science & Engineering gets $23m order
American Science and Engineering Inc., a Billerica company specializing in X-ray detection technology, said it has received a $23 million order for one of its SmartCheck Inspection Systems that will be used by an "undisclosed government agency."

JetBlue posts $30m 2Q profit
NEW YORK -- JetBlue Airways joins the nation's largest airlines in posting a profit, as more passengers returned to the sky in the second quarter.

UFood opens grill at Cleveland airport
UFood Restaurant Group, a Boston-based franchisor and operator of fast-casual food service restaurants, announced the opening of a new location at the Cleveland Hopkins Airport.

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

Wednesday, July 21, 2010

US Labor Dept. investigating Upper Crust chain
The US Department of Labor is investigating new allegations of wage law violations at the Upper Crust pizzeria chain, according to several people involved in the inquiry.

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.

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