Tuesday, November 9, 2010

Daily Business Update from the Boston Globe

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Tuesday, November 9, 2010

ArQule's 3Q loss narrows on milestone payment
ArQule Inc. said its third quarter net loss narrowed, as the biotechnology company saw a revenue boost from a $5 million milestone payment.

Raytheon is trimming its workforce
Raytheon Co., the Waltham-based defense contractor, said today it is cutting its workforce in an effort to adjust its "skill mix" and remain competitive.

Second Wind gear used to plan Australian wind farm
Developer who used Second Wind technology gets planning permission to build a wind farm in Australia.

Montgomery will be Boston Fed’s COO
The Federal Reserve Bank of Boston has appointed a veteran Fed executive as its next chief operating officer, bank president Eric Rosengren said today.

Mass. business confidence surged in October
The Associated Industries of Massachusetts, a group representing the state's employers, said its Business Confidence Index rose 7.7 points to post an October reading of 55.3, the index's highest level since August 2008.

Chinese fund manager taps State Street
State Street Corp.said it has been appointed to supply middle-office investment operations outsourcing services to Harvest Global Investments, a wholly-owned subsidiary of the third-largest fund manager in China � Harvest Fund Management Co. Ltd.

Rajon Rondo will sport iRenew wrist band
Rajon Rondo of the Boston Celtics is partnering with iRenew, a Norwell company that markets sports wrist bands, iRenew said.

Danny Glover stars in Liberty Mutual film
Liberty Mutual, the Boston-based insurance company, is debuting the latest short films in its ongoing "responsibility" marketing campaign.

SolidWorks offers robot tutorial for kids
Dassault Systemes SolidWorks Corp. is offering tutorials that help kids use toys as learning tools to understand geometry, physics, and the principles of design.

Hologic posts 4Q loss, weighed down by charges
BEDFORD -- Hologic Inc., which makes mammogram systems and other women's health diagnostic tools, reported a loss for the fourth quarter on Monday, weighed down by hefty charges.

Monday, November 8, 2010

Facebook sues Phoenix Media
Global social networking site Facebook Inc. is suing the Phoenix Media/Communications, which owns The Boston Phoenix and WFNX-FM 101.7, for allegedly infringing on two patents they say help the media company manage content online.

Suffolk Construction establishes health care unit
Suffolk Construction Co. Inc., a national construction management company headquartered in Boston, said it is expanding its presence in the health care sector by establishing a specialized National Healthcare Group.

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