Friday, November 19, 2010

Daily Business Update from the Boston Globe

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Friday, November 19, 2010

Boston Scientific to buy firm for up to $450m
Natick medical device maker Boston Scientific Corp, moving to boost its sluggish sales growth, today said it has agreed to pay up to $450 million to acquire Sadra Medical Inc., a Los Gatos, Calif., company that makes gear for aortic valve replacements.

IBM to collaborate on Smart Cape Cod initiative
The Cape Cod Commission and IBM unveiled a collaboration that aims to deploy sophisticated technology for more efficient management of physical infrastructure, protection of natural resources, and enhanced opportunities for economic growth.

Liberty Mutual awards grants to fire departments
Liberty Mutual, the Boston-based insurance company said that it is awarding $10,000 grants to 10 fire departments, including three in Massachusetts - to departments in Whitman, Wilmington, and Merrimac.

Mass. taxpayers owed $3.4m, IRS says
The Internal Revenue Service is looking for Massachusetts taxpayers who are missing more than 2,000 refund checks totaling more than $3.4 million that were returned to the IRS by the US Postal Service due to mailing address errors.

MITX honors the best in interactive marketing
The Massachusetts Innovation & Technology Exchange recognized excellence in interactive marketing technologies at its 15th annual awards competition last night.

Plimoth Plantation turns to Genuine Interactive
Genuine Interactive, a Boston interactive marketing agency, said it has been chosen by Plimoth Plantation to "build a new Web experience for the living history museum."

Boston Scientific defibrillators get CE Mark approval
Boston Scientific Corp. said it has received European regulatory approval for some of its next-generation defibrillators, which are designed to treat heart failure and sudden cardiac death.

Hub firms mark milestone on RI pharmacy project
Suffolk Construction Co. and Payette said they recently joined state and university officials to celebrate the topping off of the University of Rhode Island College of Pharmacy building on the university's Kingston campus.

Thursday, November 18, 2010

Casual Male moves to profit in 3rd quarter
CANTON -- Casual Male Retail Group Inc. said today that it bounced back from last year's third-quarter loss as higher customer traffic helped lift the clothing retailer's sales and it recorded lower store occupancy and merchandise costs.

Aveo sees positive safety results from early study
CAMBRIDGE -- Aveo Pharmaceuticals Inc. said today that a potential gastrointestinal cancer drug met key safety goals in an early-stage study.

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