Tuesday, August 10, 2010

Daily Business Update from the Boston Globe

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Tuesday, August 10, 2010

Zipcar acquisition to be reviewed by UK regulators
Zipcar Inc., the Cambridge-based car sharing service, said that its recent acquisition of a British car-sharing service called Streetcar is coming under "additional scrutiny" from British regulators.

Shaw’s president is brought out of retirement
Shaw's Supermarkets Inc., the West Bridgewater-based grocery chain, said that Larry Wahlstrom is returning to once again serve as president of Shaw?s, effective today.

Volition Capital leads round for Oregon firm
G5, an Oregon company that helps its customers leverage the Web to increase revenue, reduce ineffective marketing spend, and increase net operating income, said it has closed on a $15 million investment round led by Volition Capital, a growth equity firm headquartered in Boston.

Pegasystems shares slide after 2Q report
CAMBRIDGE -- Shares of Pegasystems Inc. tumbled today after the business software maker posted second-quarter adjusted earnings below Wall Street's expectations.

NeuroMetrix 2Q loss widens as revenue sinks
Medical device maker NeuroMetrix Inc. said its second-quarter loss deepened, as a change in Medicare reimbursement hurt revenue, which fell more than 40 percent.

Video game firms add $180m to Mass. economy, study says
Massachusetts? entertainment software industry added more than $180 million to the state?s economy in 2009, according to a new study by the Entertainment Software Association.

Tektronix Communications to buy Arbor Networks
Tektronix Communications, a Texas-based provider of communications test and network intelligence solutions, said it has agreed to buy Arbor Networks, a Chelmsford-based provider of network security and management solutions.

Mass. gas prices rise 3 cents a gallon
Masachusetts gas prices rose 3 cents in the latest weekly AAA survey to $2.699 a gallon, AAA Southern New England said.

A new sign goes up in Saugus
A micro-loan from Boston Beer helps a Saugus sausage-meister put up a new sign on Route 1.

Vertex says telaprevir benefits last to 24 weeks
CAMBRIDGE -- Vertex Pharmaceuticals Inc. said that a study showed extended treatment with its hepatitis C drug candidate telaprevir led to better results for some patients.

In hard times, restaurants turn to breakfast
Because breakfast is the most affordable meal to eat away from home, hard times have fast-food chains stepping up their breakfast offerings.

Jack Morton will help promote the Hyundai Sonata
Jack Morton Worldwide, a so-called brand experience agency with a presence in Boston, said it has developed a consumer campaign for Hyundai Motor America to support Hyundai's 2011 Sonata SE mid-size sedan.

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

Monday, August 9, 2010

Kerry, Brown support Caritas sale to Cerberus
US Senators John F. Kerry and Scott P. Brown have sent a letter to state Attorney General Martha Coakley citing the benefits of the proposed sale of Caritas Christi Health Care.

Coakley recommends Cape Wind contract
Attorney General Martha Coakley today recommended that state officials approve utility company National Grid's revised contract to purchase electricity from Cape Wind.

Waters charged with ethics violations related to OneUnited
A House Ethics Committee report released today charged US Representative Maxine Waters with three ethics violations,

Boston is not very hip, Forbes poll finds
Boston fails to crack a top-10 list of America's coolest cities, according to a Forbes.com poll.

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