Tuesday, July 27, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, July 27, 2010

Heating oil prices expected to climb gradually
PORTLAND, Maine -- Heating oil prices are projected to rise modestly this winter, giving homeowners in the Northeast another year of relief from the sky-high prices they were paying two years ago.

Tribe celebrates new hummus line
Tribe Mediterranean Foods Inc. said that is set to mark the expansion of its hummus facility in Taunton with an afternoon ceremony today that Governor Deval Patrick and Taunton officials are scheduled to attend.

Mass. home sales in June best in four years
Motivated by the looming expiration of federal tax credit, Massachusetts buyers snapped up 5,726 single-family homes in June, the highest number of monthly sales in four years, according to new data released today.

Construction poised to start on airport project
Suffolk Construction Co. said that it recently helped break ground on a new air traffic control tower for Barnstable Municipal Airport.

Thermo Fisher Scientific 2Q profit up 15 percent
Scientific instrument maker Thermo Fisher Scientific Inc. said today its profit rose 15 percent in the second quarter as sales increased in both its lab services and analytics businesses.

Cahill says RI made bad decision luring Schilling
Massachusetts gubernatorial candidate Timothy Cahill says Rhode Island made a "bad decision" by luring Curt Schilling's video game company with a $75 million loan guarantee.

Investor confidence index rises in July
Global investor confidence rose 4.8 points in July to 96 from June?s revised reading of 91.2, said a unit of State Street Corp., which maintains a monthly investor confidence index.

Chafee questions bloody sock in Schilling deal
PROVIDENCE -- Former US Senator Lincoln Chafee is questioning whether Boston Red Sox great Curt Schilling faked his bloody sock in Game 6 of the 2004 AL championship series.

Herb Chambers Cadillac opens in Danvers
Herb Chambers Cos. announced the official opening of Herb Chambers Cadillac of Danvers, the company's first Cadillac dealership in Massachusetts.

Continental selects PTC's Windchill
Parametric Technology Corp. said Continental Corp. has selected Parametric's Windchill software as Continental's global standard for product development in its automotive group.

Momenta: Sanofi lawsuit is without merit
Momenta Pharmaceuticals Inc., a Cambridge biotechnology company, said a lawsuit that seeks to block its plans for making a generic drug is without merit.

Uno Chicago announces emergence from Ch. 11
The parent company of Uno Chicago Grill has announced that it has emerged from Chapter 11 bankruptcy as part of a reorganization plan.

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

Monday, July 26, 2010

Banco Espirito Santo to repay clients $1.7 million
By Beth Healy Secretary of State William F. Galvin settled charges with a Portuguese bank that it allegedly sold securities to Massachusetts residents without a license. Under the agreement, Banco Espirito Santo will reimburse clients of its former New Bedford...

Schilling will move his game co. to Rhode Island
Former Red Sox pitcher Curt Schilling is moving his videogame company 38 Studios from Massachusetts to Rhode Island, in a deal that will bring Schilling's company a $75 million state-backed loan guarantee.

Uno Chicago Grill parent co. emerges from bankruptcy
has emergedUno Chicago Grill's parent company emerges from Chapter 11 bankruptcy protection.

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