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. |
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