Thursday, November 4, 2010

Daily Business Update from the Boston Globe

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Thursday, November 4, 2010

New England Mobile Book Fair seeks a buyer
The Newton-based New England Mobile Book Fair, the largest independent bookstore in New England, is seeking a buyer.

NxStage posts narrower 3Q loss as sales increase
LAWRENCE -- Dialysis products maker NxStage Medical Inc. posted a smaller third-quarter loss, reporting greater demand from the at-home and critical care markets.

Limits to GOP changes of financial reform law
By Todd Wallack, Globe Staff Despite Republicans' vow to repeal or block the financial reform bill passed by Congress last summer, industry leaders said they believe lawmakers will have limited power to stop the raft of new regulations that will...

Synta Pharma books 3Q loss after partnership ends
LEXINGTON -- Synta Pharmaceuticals Corp. said it slid to a third-quarter loss from a year-ago period boosted by a hefty final payment from former cancer drug development partner GlaxoSmithKline PLC.

Alnylam licenses Ebola drug technology to Tekmira
CAMBRIDGE -- Alnylam Pharmaceuticals Inc. said Thursday it has licensed a potential treatment for Ebola virus to Tekmira Pharmaceuticals Corp.

Abiomed 2Q loss narrows, Impella sales rise
Abiomed Inc. said its fiscal 2011 second-quarter loss narrowed as the heart device maker saw a jump in revenue from its Impella systems.

Ontario board hires State Street
State Street Corp., a Boston financial services company, said it has been appointed by the Workplace Safety and Insurance Board of Ontario to provide it with investment services

BJ's Wholesale says key revenue figure up in Oct.
NATICK -- Revenue from sales at warehouse clubs open at least a year rose 3.7 percent for BJ's Wholesale Club Inc. last month.

Office Depot taps Fidelity
Fidelity Investments, a Boston mutual funds company that also provides employer benefits, said it been selected by Office Depot Inc., the office-supply superstore chain, to provide Office Depot with benefits administration services.

TJX reports October sales results
TJX Cos., the Framingham company that operates such off-price retail chains as T.J. Maxx, Marshalls, HomeGoods, and AJWright, reported flat same-store sales for October when compared to the same month a year ago.

Covidien gets an FDA clearance for comfort sleeve
Covidien, a provider of health-care products with much of its operations in Mansfield, said it has gotten a Food and Drug Administration clearance to market an upgraded comfort-sleeve system designed to reduce the risk of venous thromboembolism.

Pending home sales in Mass. fell 22 percent
A metric that seeks to project a forward-looking snapshot of the local housing market gave little indication that the Massachusetts market is in for a quick rebound.

Wednesday, November 3, 2010

State cuts proposed National Grid increases
National Grid's $100 million-plus request to increase the price it charges to deliver natural gas to customers is being cut almost in half by state regulators.

Feds award $126 million to Mass. life science firms
Massachusetts life sciences firms were big winners in a round of federal grants and tax credits awarded yesterday in Washington.

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