Thursday, August 19, 2010

Daily Business Update from the Boston Globe

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Globe Today

Thursday, August 19, 2010

Clear Channel offers help to nab fugitives
In the old days, they had wanted posters. Now fugitives can have their mugs turn up on digital billboards.

Amtrak service suspended in part of busy Northeast
Amtrak service is suspended in part of the busy Northeast after a train became entangled in overhead wires in Connecticut.

Mass. unemployment rate holds steady at 9%
The Massachusetts unemployment rate held steady at 9 percent in July, the Massachusetts Executive Office of Labor and Workforce Development said today.

Wonderland is shutting down
Wonderland Park, the former dog racing facility in Revere, told employees this morning that it is suspending business operations after 75 years of business.

Columbia is combining funds
Columbia Management, the Boston investment group recently acquired by Ameriprise Financial Inc., plans to combine 62 out of more than 200 funds to help simplify its offerings and reduce overlap.

Viridity announces $8m Series B financing round
Viridity Software today announced that it has raised an additional $8 million in Series B funding from current investors Battery Ventures and North Bridge Venture Partners, venture capital firms with offices in Waltham.

Strategis is tapped by Blue Hills Brewery
The Blue Hills Brewery, a microbrewery located in Canton, has named Strategis as its first agency of record, Stoughton-based Strategis said.

Casual Male 2Q profit rises as costs decline
CANTON -- Casual Male Retail Group Inc. said its profit jumped 54 percent in the fiscal second quarter as it cut back on store occupancy and merchandise costs.

Brightcove makes more inroads in Japan
Brightcove Inc. said it has signed up a number of new customers in Japan, including an apparel company, a cosmetics company, a financial services firm, and a satellite television broadcaster.

State Street hired by Strategic Investments Group
State Street Corp., a Boston company that provides financial services to institutional investors, said it has been appointed by Strategic Investments Group to provide investment services for its new UCITS product, Strategic Active Trading Funds plc.

Cost cuts help Staples 2nd-quarter net income rise
Cost cuts helped Staples' second-quarter net income rise 40 percent as revenue remained flat as Americans and small businesses spent cautiously on office supplies.

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

Wednesday, August 18, 2010

WGBH to begin negotiations with its largest union
By Johnny Diaz, Globe Staff WGBH started negotiations this week with its largest union, the Association of Employees of the Educational Foundation, Local 1300. WGBH wants to redefine job descriptions so employees can better work across categories such as editing...

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