Monday, December 6, 2010

Daily Business Update from the Boston Globe

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Monday, December 6, 2010

Singapore has math priority, Raytheon study finds
Parents in Singapore are four times more likely to hire a math tutor for their children than parents in the United States, according to a study commissioned by Raytheon Co., the Waltham defense contractor.

Market for enterprise server virtualization to grow
Nearly a quarter of all servers shipped in 2014 will be actively supporting virtual machine technology, according to a new forecast from IDC Corp.

Commuters hail new rail service to Warwick airport
WARWICK, R.I. -- The long-awaited commuter rail service to T.F. Green International Airport began Monday, with commuters saying they're excited and relieved to have a new way to travel between Boston and Rhode Island's second largest city.

Bullen is new Blue Cross chief operating officer
Health insurer Blue Cross Blue Shield of Massachusetts this morning said it has tapped the man who formerly headed its leading competitor as chief operating officer of the Boston-based carrier.

Study: Defense industry vital to Mass. economy
The defense industry generated $26 billion in economic activity in Massachusetts last year, supporting more than 100,000 jobs and accounting for 85 percent of all federal contracts awarded in the state, according to a study released today.

Local gas prices jump 5 cents a gallon
The average price of gas in Massachusetts is $2.979 a gallon in the latest weekly AAA survey, up 5 cents from the previous week's average, AAA Southern New England said today.

Google launches Ebookstore
Google is launching an ebook store.

EnerNOC agrees to buy small California firm
EnerNOC Inc., a Boston-based energy-management company, said it has agreed to buy Global Energy Partners, a California company focused on designing and implementing utility energy efficiency and demand response programs.

BAE Systems gets $38m Army order
BAE Systems, a global defense, security, and aerospace company, said it has received multiple contracts totaling $38 million to provide thermal imagers for the US Army's Common Remotely Operated Weapon Station II and Stryker programs.

Aveksa names new CEO
Aveksa Inc., a Waltham company that provides access governance and management solutions, said that Vick Viren Vaishnavi is its new president and chief executive.

My Grandma's Coffee Cakes taps Strategis
Strategis has been named as the social media agency of record for My Grandma�s Coffee Cakes, a Boston company that makes a line of gourmet coffee cakes, Strategis chief executive George Irish said in a statement.

PAREXEL opens facilities in Singapore and Russia
PAREXEL International Corp., a Waltham company that provides biopharmaceutical services, said it has opened two new clinical logistics services facilities in emerging regions for biopharmaceutical development.

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