Monday, January 31, 2011 National Grid plans to downsize by 1,200 US jobs
National Grid, which delivers electricity and gas to many states in the Northeast including Massachusetts, said it expects to reduce its costs by $200 million through a restructuring that will result in the reduction of about 1,200 positions. Cotney will permanently head Division of Banks
David J. Cotney, who has served as acting commissioner since November, is new permanent commissioner of the Massachusetts Division of Banks, the office of Governor Deval Patrick said today. Local gas prices hold steady in latest AAA survey
The average price of gas in Massachusetts held steady at $3.109 per gallon in the latest weekly AAA survey, AAA Southern New England said today. W Hotel owners stave off lender's foreclosure effort
US Bankruptcy Court judge rebuffed Prudential Insurance Co.'s efforts to foreclose on the developer of the W Hotel & Residences, which filed bankruptcy protection last spring after being unable to sell most of its Theatre District condos. Seaport District properties get financing
Holliday Fenoglio Fowler LP, or HFF said that has arranged a $29.5 million first mortgage financing for two office properties at 12 Farnsworth Street and 22 Boston Wharf Road as well as the Farnsworth Garage in Boston�s Seaport District. Priceline.com taps Skyhook
Priceline.com, a company known for travel apps touted by hammy pitchman William Shatner, is teaming up with Skyhook, a Boston company focused on location positioning services. Sanofi, Genzyme sign nondisclosure agreement
Sanofi-Aventis SA said today that it has signed a nondisclosure agreement with Genzyme Corp. that allows the French drug maker to review detailed information about Genzyme, the Cambridge biotechnology company that Sanofi is seeking to purchase. Property tax abatement deadline is tomorrow
The Commonwealth has issued a reminder that property owners in most Massachusetts communities have until tomorrow, Feb. 1, to apply for a property tax abatement. Five Star Quality Care will list on NYSE
Five Star Quality Care Inc. (NYSE Amex: FVE) today announced that it will transfer its stock exchange listing from the NYSE Amex to the New York Stock Exchange (NYSE). | 
