Friday, August 6, 2010

Daily Business Update from the Boston Globe

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Friday, August 6, 2010

BOND lands Fitchburg State project
BOND, a 103 year-old construction firm based in Everett, said it has been selected to renovate and build an addition to the Condike Science Center at Fitchburg State University.

Porter Airlines buys four new aircraft
Porter Airlines said it is confirming a new order for four Bombardier Aerospace Q400 next-generation aircraft, with options for six additional aircraft.

Android smartphones post big jump
The worldwide smartphone market grew 50 percent in the second quarter, driven largely by makers of smartphones powered by Google's Android operating system, reported IDC, a global market intelligence firm headquartered in Framingham.

Alkermes takes bigger 1Q loss on lower revenue
WALTHAM -- Alkermes Inc., which is waiting for regulators to make a decision on two key drug candidates, said Thursday that its first-quarter loss grew as its revenue decreased.

Princeton Review 2Q loss widens on deal costs
FRAMINGHAM -- The Princeton Review Inc., maker of test preparation material, said Thursday that its second-quarter loss widened on costs related to an acquisition.

PerkinElmer 2Q net income doubles on acquisition
WALTHAM -- PerkinElmer Inc., which makes medical instruments, said Thursday its fiscal second-quarter net income more than doubled, helped by a gain on an acquisition and other items.

Berkshire Medical Center laying off 124 workers
Officials say Berkshire Health Systems is laying off 124 employees at its flagship hospital in Pittsfield to stem losses caused by declining demand for its services.

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

Thursday, August 5, 2010

Patrick signs economic development bill into law
Governor Deval L. Patrick has signed into law an economic development bill that seeks to promote job creation, streamline the state's economic development efforts, provide access to capital for small businesses, and create a sales tax holiday on Aug. 14 and 15, Patrick's administration said today.

Cahill: Mass. Lottery ended fiscal year up $44m
Casino gambling may be dead for the year, but the Massachusetts Lottery is seeing an uptick in demand.

Mass. students score big in science grants
The Department of Energy said 32 Mass. students are among 150 students nationwide that will each receive roughly $150,000 in grants as part of a program that seeks to encourage students to pursue graduate degrees in science.

iRobot gets $20.3m order
Bedford's iRobot Corp said that it has received a $20.3 million order from the Naval Sea Systems Command for some of the company's battlefield robots.

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