Wednesday, August 11, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, August 11, 2010

Princeton Review refinances credit facility
FRAMINGHAM -- Princeton Review Inc. said it refinanced its credit facility with GE Capital, the finance arm of General Electric Co.

A123 is withdrawing from Chrysler battery program
A123 Systems, the Watertown company that was awarded $249 million in federal stimulus funds one year ago, said that it was ending a program to supply batteries for electric vehicles that Chrysler LLC is working on.

3D Patriots game is on Verizon FiOS TV schedule
Verizon Communications Inc. said its local FiOS TV customers will be able to watch a preseason National Football League game between the New England Patriots and New York Giants in 3D, provided that the FiOS customers have a 3-D TV.

Fidelity Charitable Gift Fund reports strong first half
The Fidelity Charitable Gift Fund, the donor-advised fund program established by the Boston mutual funds company Fidelity Investments, said that its donors made grants totaling $531 million to nonprofits nationwide during the first six months of 2010, up 16 percent.

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

Network Health taps KSV
Kelliher Samets Volk, or KSV, has been named the advertising agency of record for Network Health, a Medford-based health plan that provides health-care coverage to more than 160,000 Massachusetts residents with low and moderate incomes.

A123 Systems' 2Q loss widens, results disappoint
WATERTOWN -- A123 Systems Inc., which makes lithium-ion batteries for cars, said yesterday that its second-quarter loss climbed as its expenses rose.

Dicerna closes $25m Series B financing
Dicerna Pharmaceuticals Inc., a Watertown company looking to use RNAi gene-silencing technology to develop drugs, said it has closed a $25 million Series B round of financing.

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

Tuesday, August 10, 2010

Globe hires vice president for digital content
By Robert Gavin, Globe Staff The Boston Globe today appointed a veteran of new media and digital journalism to expand the newspaper's reach beyond its print and web products to mobile phones, digital readers and other devices. Jeff Moriarty, 39,...

Raytheon wins $450m Air Force missile contract
Raytheon Co., the Waltham defense contractor, has won a lucrative missile contract from the US Air Force.

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