Thursday, January 6, 2011

Daily Business Update from the Boston Globe

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Thursday, January 6, 2011

EMC lowers profit forecast on restructuring charge
Hopkinton-based EMC Corp. lowered its guidance for 2010 profit because of a non-cash charge it incurred for an organizational change.

Connelly Partners buys Fort Franklin
Boston ad agency Connelly Partners said it has just bought another Hub ad agency, Fort Franklin.

Who, What, Where
A round-up of recent personnel announcements by local firms.

Two food brands sign on with Arnold Worldwide
Boston ad agency Arnold Worldwide said its New York office has been selected as the agency of record for Tribe, an all-natural hummus brand, and Veggie Patch, a vegetarian food company.

Life Sciences Center seeks summer interns
The Massachusetts Life Sciences Center said it is launching this year's version of its Internship Challenge Program, which aims to provide paid summer internships to students interested in pursuing careers in life science.

Zeo raises $12.3m in venture financing round
Zeo Inc., a Newton company focused on in-home sleep tracking technology said it has received $12.3 million in its third venture financing.

Same-stores sales rose 2 percent in Dec. for TJX
TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said same-store sales rose 2 percent in December, exceeding company expectations.

Watch TV on your iPad, Comcast says
Comcast Corp. unveiled plans that will enable many of its subscribers to take advantage of a new feature that will allow for in-home streaming for live and On Demand video content this year on Apple�s iPad as well as Android -powered tablet computers.

PTC taps Mechanica for Creo assignment
Mechanica, a brand development firm headquartered in Newburyport, said it has been selected to lead brand development efforts for Creo, a new design software package from Parametric Technology Corp.

Alnylam outlines goals
Alnylam Pharmaceuticals Inc., a Cambridge company focused on developing drugs through RNAi gene-silencing technology, unveiled a goal to have five drug candidates in the late stages of clinical development by 2015.

Beacon Hill convenience store has new name
Linear Retail Properties LLC said it has bought a commercial property in Boston's Beacon Hill neighborhood from the 7-Eleven convenience store chain for $4.1 million.

Wednesday, January 5, 2011

Biogen Idec fills long-vacant R&D position
By Robert Weisman, Globe Staff Biogen Idec Inc. today said it has lured biotechnology industry veteran Douglas E. Williams from Seattle to head its research and development operations, a critical job that had been vacant since October 2009. Williams, 52,...

State alleges apartment rental discrimination
By Jenifer B. McKim, Globe Staff A Boston real estate management company, its agent, and a property owner are being sued by Attorney General Martha Coakley for allegedly violating the state's anti-discrimination law. Coakley's office filed a complaint in Suffolk...

Village Automotive adds Porsche, Audi dealerships
Globe Staff Village Automotive Group said it bought the former Rietzl Porsche/Audi dealerships on Route 228 in Norwell and will rename them Audi Norwell and Porsche of Norwell.� � "We have had a solid presence in New England for close...

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