Wednesday, December 8, 2010

Daily Business Update from the Boston Globe

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Wednesday, December 8, 2010

Momenta could raise $66m by selling 4.6m shares
CAMBRIDGE -- Momenta Pharmaceuticals Inc. said that it could raise as much as $66 million in gross proceeds through a stock offering.

Hopedale grants cable franchise for Verizon FiOS TV
The Hopedale Board of Selectmen has granted a cable franchise to Verizon Communications Inc. that allows Verizon to offer its FiOS TV service within that community, Verizon said.

Group: States need more transparency on subsidies
A national nonprofit watchdog group today gave Massachusetts and a dozen other states failing grades for the amount of information they disclose to the public about tax breaks, grants, and other awards to private companies to spur job creation.

Comcast unveils new Android app
Comcast Corp. said that its Xfinity customers with Android-powered devices will be able to use a new app to access e-mail, voice, and video service features whenever and wherever they want.

Beacon Roofing Supply names Paul Isabella CEO
PEABODY -- Beacon Roofing Supply Inc. said it appointed Paul M. Isabella CEO, effective Jan. 1. He replaces Robert R. Buck, who will remain chairman of the company's board.

How big will 2011 be for 4G?
The new year will generate a lot of buzz about 4G as operators scramble to roll out network upgrades and new devices become available, said Yankee Group in a new report titled "4G Fuels the Decade of Disruption."

Ze-gen appoints new chief executive
Ze-gen Inc. said it has appointed Walter Howard to be its new chief executive; Howard replaces company founder Bill Davis, who will remain on Ze-gen's board and "stay actively involved as an advisor to Ze-gen focused on special projects."

Catabasis secures financing
Catabasis Pharmaceuticals said that it has achieved development milestones for its lead drug candidate that trigger a second tranche of $14.5 million in its Series A financing from current investors.

Monotype Imaging acquires Ascender
Monotype Imaging Holdings Inc., a Woburn-based global provider of text imaging solutions, today said that it has acquired Ascender Corp., a privately held font provider, for $10.2 million in cash and stock, net of acquired assets.

MassHousing, Vaughn push New Bedford project
MassHousing, the state's affordable housing bank, announced $7.7 million in loan closings for the acquisition and rehabilitation of the 144-unit Harborview Towers in New Bedford.

Tuesday, December 7, 2010

WBUR gets new general manager
By Johnny Diaz, Globe Staff WBUR-FM (90.9), a Boston National Public Radio affiliate, has a new general manager. Charles Kravetz, the former president and general manager of New England Cable News, will take over WBUR on Jan. 1st. Kravetz, who...

Carl Shapiro, family agree to return $625m in Madoff funds
Boston philanthropist Carl Shapiro and his family have agreed to return $625 million they received from Bernard Madoff to help repay other victims of the convicted swindler, according to a federal court filing made today.

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