Tuesday, January 25, 2011

Daily Business Update from the Boston Globe

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Tuesday, January 25, 2011

UMass-Lowell acquires defunct hospital property
LOWELL -- The University of Massachusetts-Lowell has announced it has bought the former St. Joseph's Hospital complex for $6.3 million, with plans to invest tens of millions more in renovations.

Harvard Pilgrim, Tufts sign memo to explore merger
Harvard Pilgrim Health Care and Tufts Health Plan, two nonprofit health plans, said today that they have signed a nonbinding memorandum of understanding to explore a possible merger.

Baskin-Robbins hunt for new flavor is over
Baksin-Robbins announces the winner of its contest to invent a new ice cream flavor.

Mass. again tops state tech & science index
Massachusetts once again topped the State Tech and Science Index developed by the Milken Institute, though the Bay State's current index score of 82.61 is lower than its 84.9 score in the institute's inaugural index in 2002.

State Street: Investor confidence falls
An investor confidence index maintained by a unit of State Street Corp. fell 3.3 points from December�s revised reading of 104.2 to 100.9 in January.

Nova Biomedical buys Billerica facility
Nova Biomedical, a developer of blood analyzers that support the care of critically ill patients, has purchased a manufacturing facility in Billerica, said a broker involved in the transaction.

Mass. home prices fall, but December sales rise
The median price of a Massachusetts single-family home dropped 5.9 percent in December, the first month in 2010 to post a year-to-year decline, the Warren Group reported today.

EMC posts 61 percent jump in 4Q earnings
HOPKINTON -- Data storage company EMC says its fourth-quarter earnings jumped 61 percent, boosted by the continued growth of technology spending.

AMSC gets $9m order
American Superconductor Corp., a Devens-based power technologies company that refers to itself as AMSC, said it has received a $9 million follow-up order for the supply of wind turbine electrical control systems from a customer in India.

Massachusetts home prices fell in December
Monthly Massachusetts home sales were up in December for the first time since June, but median prices fell for the first time in 13 months, the Massachusetts Association of Realtors reported this morning.

Monday, January 24, 2011

Biotech firm moving to South Boston waterfront
By Casey Ross, Globe Staff Drug maker Vertex Pharmaceuticals will relocate to two new buildings in Boston's Seaport District, the first big trophy in Mayor Thomas M. Menino's effort to transform the city's waterfront into an Innovation District filled with...

Arnold is Ad Age comeback agency of the year
Arnold Worldwide has been named the comeback advertising agency of the year by Advertising Age, an industry trade publication.

Beacon Power begins commercial operations in NY
Beacon Power Corp., an energy storage company based in Tyngsborough, said that it has energized and interconnected eight megawatts of flywheel energy storage and is now earning revenue at its frequency regulation plant in Stephentown, N.Y.

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