Wednesday, October 6, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, October 6, 2010

Putnam to sponsor US ski, snowboarding teams
Putnam Investments, a Boston-based money management firm, said it will become the exclusive mutual fund sponsor of the US Ski Team and sponsor of US Snowboarding teams.

Rockport opens Newbury St. store
Rockport Co., the Canton-based footwear brand, said it has just opened a "freestanding concept store" on Boston's trendy Newbury Street.

Archemix plans to move to new offices
Archemix Corp., a biotechnology company focused on discovering, developing, and commercializing aptamer therapeutics, is relocating its headquarters to smaller space in Cambridge, said a broker involved in the lease transaction.

Homeowners can't apply yet for no-interest loans
By Jenifer B. McKim, Globe Staff Applications for a new federal loan program to help unemployed homeowners make their mortgage payments won't be available until later this year, a US Department of Housing and Urban Development spokeswoman said today. No...

AG recommends Caritas Christi sale with conditions
Massachusetts Attorney General Martha Coakley said she will recommend approval of the proposed sale of Caritas Christi Health Care to a New York private equity firm.

New sponsors sign on for Head of the Charles
Brooks Brothers, the Lincoln luxury vehicle brand, and Delta Airlines will be among this year's crop of sponsors for the Head of the Charles Regatta.

TripAdvisor will back B&Bs for Vets program
TripAdvisor is offering marketing support or B&Bs for Vets, a group of independent B&B owners and innkeepers who are offering a free night's stay to active and retired US military members on Nov. 10 in observance of Veterans Day.

IBM completes purchase of Unica
IBM Corp. said it has closed its previously announced acquisition of Unica Corp., a Waltham company focused on marketing automation software.

Staples drive raises $807k worth of school supplies
Staples Inc., the Framingham-based office supplies retailer, said that this year's "Do Something 101 School Supply Drive" put more than $807,000 worth of school supplies into the hands of needy students.

AMSC gets big order for superconductor wire
American Superconductor, a Devens power technologies company known as AMSC, said that it has received an order for 3 million meters of its Amperium high temperature superconductor wire from LS Cable Ltd., a South Korean power cable manufacturer.

Eastern Bank nets $51k for Boys & Girls Clubs
Eastern Bank said its foundation donated $51,000 to Boys & Girls Clubs in Eastern Massachusetts this baseball season.

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

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