Tuesday, October 5, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, October 5, 2010

It’s bull vs. suitcase in new Samsonite ad
Boston ad agency Connelly Partners is unveiling its first work for Samsonite, the luggage brand with operations in Mansfield.

The Echo Nest secures $7m in financing
The Echo Nest said it has raised $7 million in venture financing.

Liberty Mutual program boosts youth sports
More than 100 youth sports teams and schools have earned more than $300,000 in grants through Liberty Mutual Insurance�s Responsible Sports program, Liberty Mutual Group said.

Mass. business confidence is flat in September
A monthly index that seeks to measure business confidence in Massachusetts roughly held steady in September with a 47.6 reading.

Talbots cuts revenue outlook, sets store closings
HINGHAM -- Talbots Inc. is cutting its full-year and third-quarter revenue forecasts and says it will close about 75 to 100 stores by the end of 2013.

AMSC amps up branding for superconductor wire
American Superconductor Corp., a Devens power technologies company that's also known as AMSC, said it is rebranding its superconductor wire; previously called �344 superconductors,� the new brand name is Amperium.

Little immediate relief in sight for housing market
A metric that seeks to project a forward-looking snapshot of the local housing market showed few signs of relief for a slump partly kicked off by the recent expiration of a temporary federal tax credit for home buyers.

TA to invest in dental business
TA Associates, a private equity firm with offices in Boston, said it has agreed to invest in dental specialist Amann Girrbach AG, a dental specialist with research and manufacturing facilities are in Austria.

Iron Mountain board boosts buyback program
BOSTON -- Information management services company Iron Mountain Inc. said its board of directors approved an increase of $200 million in its stock buyback program.

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

Monday, October 4, 2010

Advantage Rent a Car comes to Boston
Advantage Rent a Car said it has just opened four locations, including one near Logan International Airport in Boston.

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