Friday, October 22, 2010

Daily Business Update from the Boston Globe

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Globe Today

Friday, October 22, 2010

Genzyme says it’s poised for strong growth
Genzyme Corp. issued guidance that it's poised for strong near-term growth and said it's "fully committed to creating maximum value for shareholders, and we are open to all available alternatives to deliver that value."

Energid robot system could someday harvest oranges
Energid Technologies Corp. said it has been given funding by the US Department of Agriculture to develop a commercial robotic citrus harvesting system.

Hingham-based Marylou's plans R.I. expansion
Marylou's plans to open five stores in Rhode Island by the end of 2011.

Satcon prices offering of 9m shares at $3.90 each
BOSTON -- Satcon Technology Corp., a maker of power generation products for the alternative energy industry, said it has priced its public offering of 9 million shares at $3.90 each.

Chargers sell enough tix to lift San Diego TV blackout
The San Diego Chargers say they've sold enough tickets to lift the local TV blackout for Sunday's game against the New England Patriots.

San Francisco landmark signs on with EnerNOC
EnerNOC, a Boston-based energy management company, has added another iconic building to its customer portfolio -- the Transamerica Pyramid in San Francisco.

LBJ apartments are getting a makeover
The Cambridge Housing Authority has scheduled a ribbon-cutting ceremony for this morning to mark the start of a two-year $29 million renovation project that will make the Lyndon B. Johnson Apartments more energy-efficient.

RI unemployment to 11.5%, lowest since July 2009
Unemployment in Rhode Island fell three-tenths of a percentage point in September to 11.5 percent, continuing a downward trend and marking the lowest jobless rate in the state since July 2009.

State Street to make Irish acquisition
State Street Global Advisors, the investment management business of State Street Corp., said that it has agreed to acquire Bank of Ireland Asset Management.

Quincy Walmart unveils new look
The Quincy Walmart is marking the end of a three-month interior remodeling project with a ribbon-cutting ceremony today.

Thursday, October 21, 2010

Suffolk tapped for Stuart St. hostel project
Suffolk Construction said it has been selected by Hosteling International Boston to renovate the six-story Dill Building on Boston's Stuart Street into a new hostel.

New Balance is title sponsor of Falmouth Road Race
New Balance, the Boston athletic footwear and apparel company, said it has signed a multi-year title sponsorship deal with the historic Falmouth Road Race, which will be renamed the New Balance Falmouth Road Race.

Justice grills Caritas on pensions
Although it has no legal responsibility to fund its employee pensions, Caritas Christi Health Care never considered walking away from the obligation before it agreed to be acquired by a private equity firm.

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