Friday, August 27, 2010

Daily Business Update from the Boston Globe

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Friday, August 27, 2010

Salvation Army parts ways with United Way
The Salvation Army of Massachusetts said today that it will end its affiliation with the United Way of Massachusetts Bay and Merrimack Valley, ending a long-term relationship between the two organizations.

Caritas strikes deal to buy R.I. hospital
Reaching across state lines, Caritas Christi Health Care today submitted to a Rhode Island judge an agreement to buy Landmark Medical Center, a 214-bed community hospital in Woonsocket, R.I.

FDA denies accelerated approval for cancer drug
Federal regulators have ruled that a potential breast cancer treatment from ImmunoGen failed to meet the standard for accelerated approval, the company said today.

More shoppers are using social media, survey says
Consumers are seeking out retailers on Facebook and Twitter in growing numbers, according to a new survey from Compete, a Boston company that helps corporate customers gain insights about their rivals' online marketing strategies.

RI home sales drop, but prices are on the rise
The Rhode Island Association of Realtors is optimistic about the future of the state's housing market despite a steep decline in sales of single-family homes last month.

Baskin-Robbins launches Facebook promotion
Baskin-Robbins said it is launching a Facebook promotion called "Group Scoop" to talk up its ice cream.

Charles River Labs accelerates stock buyback
Charles River Laboratories has begun an accelerated repurchase program of $300 million in stock, the company said today.

AJWright, OshKosh open new stores
AJWright, a sister chain of Marshalls and T.J. Maxx, is gearing up to celebrate the opening of a new store in Roxbury.

Cerulean encouraged by early data
Cerulean Pharma Inc. said it is encouraged by results of early clinical test for its lead drug candidate, CRLX101, which has the potential to treat a common form of lung cancer.

Bain to lead recapitalization of air ambulance service
Air Medical Group Holdings said that it has signed a definitive agreement under which a Bain Capital affiliate will lead a recapitalization of the company.

Mass. in line for $4.4m of weatherization funding
The US Department of Energy said that $4.4 million in a additional funding has been set aside for the Massachusetts Weatherization Assistance Program.

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

Thursday, August 26, 2010

Delta Air Lines wants to fly London to Logan
Delta Air Lines said today it is seeking permission to operate twice-daily year-round service between London's Heathrow Airport and Boston and daily year-round service between Heathrow and Miami.

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