Friday, August 20, 2010

Daily Business Update from the Boston Globe

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Globe Today

Friday, August 20, 2010

Boston tea drinkers are an honest lot
The Hub is a hotbed of honesty. Sure, there may be pickpockets, frauds, and four-flushers, but Boston's tea-drinking demographic may be the most honest group of tea drinkers in the nation.

RatePoint closes $7m funding round
RatePoint Inc. said it has closed a $7 million Series C round of funding co-led by Prism VentureWorks of Needham, .406 Ventures of Boston, and Castile Ventures of Waltham.

Sturbridge stagecoach is offering free rides
Old Sturbridge is offering free stagecoach rides as a way to entice stay-cationers to its history theme park.

RI jobless rate drops for 5th straight month
Rhode Island's unemployment rate has dropped for the fifth straight month.

Sun Life provides $165k to local nonprofits, students
Sun Life Financial Inc. said its Rising Star program has awarded a total of $165,000 in scholarships and grants and scholarships to three local nonprofit organizations and students nominated by each organization.

More tap into retirement savings, Fidelity says
The average 401(k) account balance as of the end of the second quarter was $61,800, up 15 percent from the same time last year, but down from the end of the first quarter of 2010, said Fidelity Investments in a report on retirement savings plans.

Anchor secures funding to advance drug pipeline
Anchor Therapeutics announced an initial closing of $10 million in a Series B financing led by current investors TVM Capital, HealthCare Ventures, and the Novartis Option Fund.

Stream Global Services has a new CEO
Stream Global Services Inc. said its board of directors has named Kathryn V. Marinello chief executive Officer, a director of the company, and chairman of the Board; Marinello succeeds R. Scott Murray, who has decided to step down from the company.

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

Thursday, August 19, 2010

Magic Hat beer has a new owner
Independent Brewers United Inc., which markets such beers as Magic Hat, has been sold to the owner of such beer brands as Labatt USA and Genesee for an undisclosed amount, said an investment bank involved in the transaction.

Digital billboards recruited in nationwide manhunt
In the old days, they had wanted posters. Now fugitives can have their mugs turn up on digital billboards.

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