Thursday, November 11, 2010

Daily Business Update from the Boston Globe

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Thursday, November 11, 2010

Verizon launches Flex View
Verizon Communications Inc. said it is debuting Flex View, a feature that gives the company's FiOS TV customers "anywhere, anytime access to on-demand video entertainment."

Viacom plans to sell Rock Band creator Harmonix
Viacom Inc. said Thursday that it plans to sell the company that developed the "Rock Band" video game franchise, a move that cut the media conglomerate's third-quarter earnings by 59 percent.

Cotendo says Akamai lawsuit has no merit
Cotendo Inc. said today that a patent-infringement lawsuit filed against the company by Akamai Technologies Inc. and the Massachusetts Institute of Technology has no merit.

AirTran puts Baltimore/Washington on sale
AirTran Airways launched today a 48-hour super sale that includes $49 one-way fares between Logan International Airport and from Baltimore/Washington International Thurgood Marshall Airport.

Synta selling $5m in common stock to director
LEXINGTON -- Synta Pharmaceuticals Corp. said today it is selling about $5 million in common stock to Bruce Kovner, a member of its board of directors.

American Superconductor prices 4.6m share offer
DEVENS -- American Superconductor Corp. said today that it has priced its public offering of 4.6 million shares at $35.50 each.

Tyler Seguin ices deal with Dunkin’
Dunkin' Donuts signs up Bruins rookie Tyler Seguin as an iced-coffee pitchman.

Phillips Design helps Connextions relaunch
Phillips Design Group, a Boston-based brand and design firm, said it has been given the assignment of helping to reposition and relaunch Connextions, a Florida-based technology enabled contact center solutions company.

Use analytics technology and thrive, report says
Companies that use analytics technology achieve better performance and are able to clearly differentiate themselves from competitors, according to a new report from IBM and MIT.

Drug marketed by EMD Serono gets FDA OK
EMD Serono Inc. said that the Food and Drug Administration has approved Egriftat as the "first and only treatment indicated to reduce excess abdominal fat in HIV-infected patients with lipodystrophy."

Tyco Electronics to relocate Lowell operations to NH
Tyco Electronics Ltd. confirmed a report that it plans to close its manufacturing facility in Lowell and relocate its operations to a company campus in Newington, N.H.

Global Partners undertakes offering to pay debt
WALTHAM -- Petroleum product supplier Global Partners LP will offer 1.7 million shares for limited partner interests in the company.

Wednesday, November 10, 2010

Delta gets OK to begin Boston-London service
Delta Air Lines said that its request to operate new daily, year-round flights between London�s Heathrow and Boston and Miami international airports has been approved by government regulators both in the United States and Europe.

Akamai, MIT sue Cotendo over patent infringement
Akamai Technologies Inc. and the Massachusetts Institute of Technology have filed a lawsuit against Cotendo Inc., alleging patent infringement on Cotendo's part.

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