Wednesday, January 19, 2011

Daily Business Update from the Boston Globe

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Wednesday, January 19, 2011

TripAdvisor: SeaCoast Inn is best bargain hotel
TripAdvisor has named the SeaCoast Inn in Hyannis the best bargain hotel in the world, one of three Massachusetts winners in the Newton-based travel review site's ninth annual Travelers' Choice Awards.

Timberland plans Newbury Street store
Timberland Co., a New Hampshire company specializing in boots, footwear, and rugged apparel, said it plans to open a new store on Boston's Newbury Street that will showcase its brand.

Dunkin’ survey: Iced coffee gains in popularity
Iced coffee gains in popularity, Dunkin' survey asserts.

Imagitas, US Postal Service renew alliance
Imagitas Inc. and the US Postal Service said they have completed a 10-year renewal agreement of their MoverSource Alliance, a partnership built around a set of products that helps 44 million US residents with the change-of-address process each year.

GE consumer unit to run $400m TJX credit portfolio
STAMFORD, Conn. -- The consumer lending unit of General Electric Co. has reached a deal to provide US credit card programs for TJX Cos., a major off-price retailer.

Good Samaritan hospital has new president
Steward Health Care System, the company formed to run the newly privatized Caritas Christi Health Care hospitals, today said it has hired Jeffrey Liebman to be president of its Good Samaritan Medical Center in Brockton.

State details proposals for foreclosure proceedings
Barbara Anthony, undersecretary of the state Office of Consumer Affairs and Business Regulation, detailed two new proposals today that would force lenders to prove they own home mortgages before starting a foreclosure.

Who, What, Where
A round-up of recent personnel announcements at local companies.

Lemelson-MIT: Women are big potential inventors
Young women have all the characteristics to be inventors but do not regard innovation as their forte, a self perception that deprives the United States of an untapped group of potential inventors, Lemelson-MIT study says.

Hittite buys Norwegian company
Hittite Microwave Corp. said it has bought Arctic Silicon Devices of Norway for about $12 million in cash and equity.

Termeer: Sanofi deal will take time
With a takeover offer from French drug maker Sanofi Aventis SA set to expire, Genzyme CEO Henri A Termeer this morning told Boston business leaders, "It will take time" to negotiate an acquisition of the state's largest biotechnology company.

Boston Scientific agrees to buy Atritech
Boston Scientific Corp., the Natick medical device company, said it has agreed to buy Atritech Inc. of Minnesota in a deal that could be worth up to $375 million.

Foreclosures drop, but problems could still loom
Massachusetts foreclosures dropped nearly 44 percent in December when compared to the same time a year ago, and foreclosure petitions, the first step in the foreclosure process, were also down dramatically last month, the Warren Group said today.

Ironwood, Protagonist announce collaboration
Ironwood Pharmaceuticals Inc. of Cambridge and Protagonist Therapeutics Inc. have entered into a collaboration to discover novel peptides for potential development by Ironwood, the two companies said in a press release.

Boston.com invites innovators to hack day challenge
Boston.com is mounting a "hack" challenge next month that challenges local techies to devise digital products such as smartphone apps that will make life easier for Greater Bostonians.

Tuesday, January 18, 2011

Shares of Ariad Pharmaceuticals jump
Shares of Ariad Pharmaceuticals Inc. were up nearly 36 percent in afternoon trading after the Cambridge company reported early this morning that one of its drug candidates "met the primary endpoint" of a clinical trial.

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