Wednesday, February 2, 2011

Daily Business Update from the Boston Globe

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Wednesday, February 2, 2011

Chase says it will open mortgage help center
A Chase Homeownership Center is set to open in the Boston area as part of an effort by lender JPMorgan Chase & Co. to help borrowers avoid foreclosure and explore ways they can to stay in their homes.

Comcast: Watch TV and movies on your iPad
Comcast Corp. said today that its Xfinity TV customers may now have the option of watching many TV programs and movies on their iPad, a tablet computer marketed by Apple Inc.

Boston Scientific shares fall on daunting 2011 outlook
Shares of Boston Scientific slumped today after the medical device maker said increased price competition and lower demand would limit sales of its heart devices in the coming year.

Thermo Fisher Scientific reports 4Q profit
Waltham scientific instrument maker Thermo Fisher Scientific Inc. said its adjusted earnigns per share grew 10 percent to a record $1.00, on revenue of $2.78 billion, down 2 percent on a year-to-year basis.

New Fidelity program aims at retiring boomers
Fidelity Investments said today that is launching a new program of educational resources and investment tools specifically tailored for people near or living in retirement as millions of baby boomers contemplate retirement.

VC investment in clean tech rose 8% in 2010
US venture capital investment in cleantech companies increased by 8 percent to $3.98 billion in 2010, according to a report issued today in Boston.

Staples Super Bowl ad to focus on tech products
Staples Inc., the office-supply giant headquartered in Framingham, said it will highlight new technologies and services available in its retail stores in a new ad that will be aired in regional markets during the Super Bowl.

Tuesday, February 1, 2011

Drug giant Pfizer to add jobs in Mass.
Drug giant Pfizer Inc. today said it will add about 350 jobs in the Boston area and look for a new site to house a pair of research operations it will move from southeastern Connecticut.

Mass. pension fund posts 14 percent gain
The Massachusetts pension fund gained nearly 14 percent in 2010 and increased its assets by nearly $6 billion, slightly outpacing the fund's goals.

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