Tuesday, November 16, 2010

Daily Business Update from the Boston Globe

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Tuesday, November 16, 2010

Mind Body Sole is set to open at Burlington Mall
A Mind Body Sole by Famous Footwear store aimed at affluent fitness buffs is set to have its official opening Thursday at Burlington Mall.

AAA projects jump in Thanksgiving travel
Roughly 42.2 million travelers will take a trip of 50 miles or more over the Thanksgiving holiday, an 11.4 percent from 2009, AAA Southern New England said.

FAGE Yogurt taps Mullen
Mullen, the Boston ad agency, said has been selected as the new US agency-of-record for the Greek yogurt brand FAGE.

TJX 3Q profit rises slightly, 4Q slowdown seen
TJX Cos., the Framingham company that operates such off-price retail chains as T.J. Maxx, Marshalls, HomeGoods, and AJ Wright, said third-quarter sales rose 5 percent to $5.5 billion.

Council urges extension of capital gains tax cuts
The New England Council said it is urging Congress to extend the current tax rate on capital gains and dividends, rather than allowing them to spike at year�s end.

Verastem secures $16m in financing
Verastem Inc., a Boston biopharmaceutical company focused on discovering and developing drugs to treat cancer by targeting cancer stem cells, today announced the closing of a $16 million Series A financing.

Eagle Pack is the Official Dog Food of the Iditarod
Eagle Pack, a brand of the Tewksbury-based WellPet company, said its Natural Pet Food is the family of brands Official Dog Food of the 2011 Iditarod Trail Sled Dog Race.

MassHousing grants go to affordable sober housing
MassHousing, the state's affordable housing bank, said it has awarded $453,037 in financing to help create or preserve more than 100 units of affordable sober housing in eight Massachusetts communities.

Fitchburg State breaks ground on science facility
BOND, a construction firm whose building division is based in Everett, said it helped celebrate the official ground-breakings of Fitchburg State University's new $57.3 million science facility.

Monday, November 15, 2010

Sargent is tapped to head Citizens Bank, Mass.
Citizens Financial Group, Inc. said Girard R. Sargent, Citizens Bank's executive vice president and commercial banking division executive, has been appointed president of Citizens Bank, Massachusetts.

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