Monday, August 9, 2010

Daily Business Update from the Boston Globe

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Globe Today

Monday, August 9, 2010

State targets mortgage brokers with license issues
Massachusetts Division of Banks announced the issuance of 43 temporary cease-and-desist orders against licensed mortgage loan originators in Massachusetts for failing to meet requirements for licensure under updated state laws.

Local malls extend hours for tax holiday
Simon Property Group, the large national mall operator, said its Massachusetts malls will mostly be opened an extra hour for the upcoming sales tax holiday set for this weekend in the Bay State.

Mass. court: Maternity job protection is 8 weeks
The highest court in Massachusetts has ruled that state law is clear when it comes to maternity leave: employers are not required to guarantee a woman's job beyond eight weeks.

ASUS will use Boston-Power's batteries in laptop line
Boston-Power Inc.'s lithium ion Sonata battery is being used to power a new line of notebook computers, the Westborough company said today.

Atlas Venture will relocate to Cambridge
Atlas Venture, a venture capital firm that focuses on technology and life sciences, will be relocating its headquarters from Waltham to Cambridge, said a real estate broker involved in negotiating the firm's new lease.

Clinical Data posts narrower fiscal 1Q loss
NEWTON -- Biotechnology company Clinical Data Inc. reported a smaller fiscal first-quarter loss after filing for marketing approval of its depression treatment vilazodone.

Cape Air unveils green initiatives for its ops center
Cape Air, a regional airline, said it has just put in place energy measures that aim to make its operations center in Hyannis a net-zero electricity user on an annual basis.

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

MedNetworks launches with $5m in funding
MedNetworks Inc. said it is launching today as a startup that will use analytics research developed by Harvard University professor Nicholas Christakis to help drug companies, health plans, and hospitals to market themselves more effectively.

Many workers feel guilty about vacation, poll says
The uncertain job market has many workers feeling anxious about taking vacation days or putting in for overtime pay even when they have worked extra hours, according to Monster.com.

Constellation to buy 5 Boston plants for $1.1b
BALTIMORE (AP) -- Constellation Energy will buy five power plants from Boston Generating for about $1.1 billion, the company said Monday.

Staples donates school supplies
Staples Inc., the Framingham-based office supply giant, said an event it helped organize in Los Angeles donated 500 "gift bags" of school supplies to underprivileged students.

Stride Rite talks up Glitzy Pets line for school girls
Stride Rite Children's Group, a Lexington-based children's shoe brand, is highlighting its Glitzy Pets by stride rite collection for girls as the first day of the new school year draws near.

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

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