Tuesday, February 1, 2011

Daily Business Update from the Boston Globe

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Tuesday, February 1, 2011

Mass. regulators approve reduced utility rate hike
Associated Press State utilities regulators have reduced electric rate hike increases proposed by Western Massachusetts Electric Co. The Department of Public Utilities approved a rate hike of $17 million rather than the $28 million sought. The DPU says the change...

Landmark Center is sold for $530.5m
The Abbey Group said today that it has sold Landmark Center, an office and retail complex near Fenway Park, for $530.5 million.

Dunkin’ will celebrate Feb. with chocolate donuts
February is "chocolate lovers month," according to Dunkin' Donuts, and it plans to celebrate the culinary festivities with "a new line of yeast raised chocolate donuts" to augment its offerings of chocolate cake style donuts.

Entegris 4Q profit more than doubles as sales soar
BILLERICA -- Entegris Inc.said today that its fourth-quarter profit more than doubled on a 24 percent increase in sales of its semiconductor components.

Meyrowitz has new agreement with TJX
TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, Carol Meyrowitz, 56, continues as chief executive as well as a company director and has entered into another two-year employment agreement.

Murray will chair Greenway Conservancy
A long-time executive in real estate and finance was selected today as the new chair of the nonprofit that operates the Rose Fitzgerald Kennedy Greenway in Boston.

Super Bowl ads could benefit from Mad Men effect
The popular TV show "Mad Men" has made young adults more interested in Super Bowl ads, an ad agency claims.

Local business confidence rose in January
A Massachusetts business confidence index posted a 55.2 reading in January, up 2.8 points from the previous month's rating.

Genzyme to sell pharma intermediates business
Genzyme Corp. said today it has entered into a purchase agreement under which a unit of International Chemical Investors Group will acquire Genzyme's pharmaceutical intermediates business.

Genocea promotes Clark to chief executive
Genocea Biosciences Inc., a Cambridge vaccine discovery and development company, announced the promotion of Chip Clark to president and chief executive officer.

Biogen Idec reports strong Tysabri sales
Biogen Idec reports 4Q and full-year financial results.

Monday, January 31, 2011

Moynihan due big payout at Bank of America
By Beth Healy, Globe Staff Bank of America Corp. disclosed yesterday that it awarded chief executive Brian T. Moynihan $9.1 million in deferred stock awards after his first year running the nation's largest bank. Moynihan will earn the stock awards...

Sanofi ups bid, Genzyme could be sold in a week
Sanofi-Aventis has raised its $18.5 billion bid for Cambridge's Genzyme Corp., and a deal for the French drug giant to buy the state's largest biotechnology company could be sealed by next week, according to a person briefed on the negotiations.

Haemonetics fiscal 3Q net income rises 8 percent
Blood collection and processing systems maker Haemonetics Corp. said Monday its fiscal third-quarter net income climbed about 8 percent, helped in part by a recovering plasma products business.

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