Tuesday, November 23, 2010

Daily Business Update from the Boston Globe

To ensure you receive your Boston.com e-mails, please add newsletters@boston.com to your address book.

If you have trouble reading this e-mail, go to http://www.boston.com/business/ticker_headlines


Get up-to-the-minute Globe Business Updates   |  More Business News
 
ADVERTISEMENT

Tuesday, November 23, 2010

Massachusetts pension fund holds $65.6m in Conn. hedge funds raided by FBI
The Massachusetts state pension fund has investments of $65.6 million in two Connecticut hedge funds that were raided by the FBI yesterday as part of an insider-trading investigation, according to the fund's trustees today.

North Carolina firm buys Gotuit
Digitalsmiths Corp. said it has acquired privately-held Gotuit Media Corp. of Woburn for an undisclosed sum.

Ads from Tufts Health Plan are up and running
Boston ad agency Connelly Partners said four new TV ads it created for Tufts Health Plan are now airing in local markets.

Nuance shares jump on Apple acquisition rumor
Nuance Communications Inc., Burlington-based maker of of speech-recognition software, rose the the most since April 2009 after an online video showed an Apple Inc. co-founder saying the iPhone maker had acquired the company, Bloomberg News reported.

Eaton Vance 4Q profit up as fee income rises
BOSTON -- Investment manager Eaton Vance Corp. said on Tuesday that its fiscal fourth-quarter profit rose 4 percent, slightly ahead of Wall Street's estimate, as higher revenue from money-management fees offset rising expenses.

Harvard event to focus on business of global health
The Harvard Business School has scheduled a Nov. 30 event that will focus on developing business models that will support global health initiatives and help bring First World medical advances to Third World populations.

Bain Capital completes Gymboree acquisition
Bain Capital Partners LLC and Gymboree Corp. announced the successful completion of the acquisition of Gymboree by Bain Capital affiliates for $65.40 per share in cash, or about $1.8 billion.

Hologic gets an FDA OK for mammography system
Hologic Inc. said that it has received an approvable letter from the Food and Drug Administration for its Selenia Dimensions three-dimensional digital mammography tomosynthesis system.

Vertex submits application for hepatitis C drug
Vertex Pharmaceuticals Inc. said today that it has completed the submission of a New Drug Application that seeks regulatgory approval for telaprevir, a hepatitis C drug candidate with the potential to generate billions of dollars in annual revenue.

Oct. home sales fall 28% in Massachusetts
Sales of single-family home in Massachusetts fell by 28 percent in October, while median prices edged up slightly on a year-to-year comparison basis, said the Warren Group, a Boston-based firm that tracks local real estate activity.

Monday, November 22, 2010

Report: Feds search Boston hedge fund office
Federal law enforcement agents executed a search warrant at the offices of Boston-based Loch Capital Management, Bloomberg News is reporting.

Young folks are driving less, Zipcar survey says
Millennials, folks in the 18-to-34 age group, appear to be driving less than previous generations, according to a new survey from Zipcar Inc.

No comments:

Post a Comment