Thursday, October 14, 2010

Daily Business Update from the Boston Globe

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Thursday, October 14, 2010

State Street taps Anderson
State Street Global Advisors, the investment arm of State Street Corp., said it has named Kevin D. Anderson its new global chief investment officer for fixed income and currency.

Burst Media relocates to larger quarters
Burst Media, a firm that provides services to Web publishers, said it has relocated its corporate headquarters to larger space in the same Burlington office park where it operated from earlier.

$50 mil gift to fund Harvard Business School expansion
Harvard Business School is launching a major expansion in Boston, partly thanks to a $50 million gift from Tata Companies, one of India's biggest conglomerates, the school revealed today.

State issues lemon law sticker survey
Massachusetts auto dealers are doing a better job of attaching Lemon Law notice stickers to vehicles for sale, according to a new state survey.

Recession caused dessert consumption to spike
A new report from the consulting firm Technomic found that dessert consumption spiked during the recession.

Fly to DC for seven bucks
JetBlue is offering a $7 fare on Boston-to-Washington flights to celebrate the launch of a new route for the airline.

'Expert sourcing' firm launches
Will Burns, a former executive at Boston ad agency Arnold Worldwide in Boston, said he has launched a new company that is combining the talents of a worldwide team of creative experts to "ideate" around a client's marketing needs.

Cumberland Farms teams up with the Celtics
Cumberland Farms said it is now the official convenience store of the Boston Celtics.

Dunkin’ Brands marks milestone
Dunkin' Brands, the Canton-based parent company of Dunkin' Donuts and Baskin-Robbins, today announced the opening of its 16,000th location worldwide.

TA sells 2nd Story stake to H&R Block
TA Associates, a private equity firm with offices in Boston, said it has agreed to sell its controlling stake in 2nd Story Software, the developer of TaxACT, to H&R Block for $287.5 million in cash.

Hill Holliday makes winning pitch for MLB
Boston ad agency Hill Holliday said it has been selected by Major League Baseball as its official agency of record.

NinePoint Medical completes $33m financing
NinePoint Medical Inc. said it has completed a $33 million Series A financing that it plans to use to develop an in vivo pathology technology platform that has the potential for diagnose and treat dysplastic, pre-cancerous and cancerous cells.

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

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