Wednesday, January 12, 2011

Daily Business Update from the Boston Globe

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Wednesday, January 12, 2011

Judge adds probation to Guidant device plea deal
ST. PAUL, Minn. -- Boston Scientific Corp.'s Guidant unit hopes to end a criminal case accusing it of failing to properly disclose changes made to some implantable heart devices when it appears in court today.

Microsoft alum is tapped for Dogpatch Labs
Polaris Venture Partners, a venture capital firm with offices in Waltham, said that that Gus Weber is the new entrepreneur in residence in the Cambridge Dogpatch Labs.

Report: Thermo Fisher is shopping lab-testing units
Thermo Fisher Scientific Inc., the large Waltham-based maker of scientific instruments, is seeking to divest itself of two lab-testing units as it looks to focus on its equipment business, Bloomberg News is reporting.

Jenkins appointed president of EMC division
EMC Corp., the Hopkinton-based data storage giant, said it has William "BJ" Jenkins, a 13-year company veteran, as president of EMC's Backup Recovery Systems Division.

All morning flights canceled at Logan
The airlines canceled all their flights in and out of Logan International Airport this morning -- about 400 in all -- but one runway at the airport remains open, and several private jets and cargo planes have flown in through the snow.

AS&E gets $5.5m order from Abu Dhabi Customs
American Science and Engineering Inc., a Billerica company focused on X-ray detection technology, said it has received $5.5 million order from Abu Dhabi Customs Administration for some of its products.

New Balance will sponsor Indoor Grand Prix
New Balance Athletic Shoe Inc., a Boston company specializing in athletic footwear and apparel, said it has signed a title sponsorship for the Boston Indoor Games, which will be renamed the New Balance Indoor Grand Prix.

Celtics, Sun Life Financial team up
The Boston Celtics and Sun Life Financial unveiled a sponsorship agreement that designates Sun Life as the first-ever presenting sponsor of Celtics.com.

Fidelity launches new tax-sensitive product line
Fidelity Investments, the Boston-based mutual funds giant, said it is launching a new product for affluent investors that provides them with a much higher level of tax-sensitive guidance.

Boston Scientific sells Watertown property
Medical device maker Boston Scientific Corp. has sold two buildings in Watertown to Farley White Interests, a Boston-based owner of commercial real estate, said a broker involved in the transaction.

Merck, PAREXEL form alliance
A new alliance will provide drug maker Merck with access to PAREXEL International Corp.'s global clinical development services for designated biosimilar candidates, the two companies said today.

Bruker gets order from Minnesota lab
Bruker Corp., a Billerica-based provider of scientific instruments, said it has received an an order valued at more than $7.5 million from the University of Minnesota for its new Nuclear Magnetic Resonance laboratory.

Tuesday, January 11, 2011

TJX to thieves: We'll track you down anywhere
By Jenn Abelson, Globe Staff Framingham discounter TJX Cos., which suffered a massive data security breach several years ago, is now using company investigators to track down people suspected of being involved in organized retail crime by following them to...

At conference, Genzyme, Sanofi execs keep distance
By Robert Weisman, Globe Staff SAN FRANCISCO -- The top executives of Genzyme Corp. and its French suitor circled each other like a pair of caged lions at a major biotechnology investors conference here today, but never appeared on the...

New co-owner for Boston's Liberty Hotel
The Liberty Hotel in downtown Boston has a new co-owner, and is now a part of the Starwood Hotels & Resorts Luxury Collection, the hotel announced today.

Q&A for airline passengers dealing with the snowstorm
Q. How will I know if my flight is canceled? A. Check the airlines' website, and while you're there sign up for an alert via e-mail, text, or voice mail that will inform you if your flight status has changed.

Evergreen Solar to close new plant at Devens
Evergreen Solar Inc., which received $58 million in state aid to open a factory in 2008 at the former military base in Devens, announced today it would shut the plant and let go 800 workers.

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