Tuesday, February 8, 2011

Daily Business Update from the Boston Globe

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Tuesday, February 8, 2011

SEC charges hedge fund with insider trading
Federal securities regulators today charged a New York-based hedge fund and four hedge fund employees, including one from Boston, in a $30 million insider-trading scheme.

JetBlue plans to add Logan flights
JetBlue plans to launch nonstop service to Portland, Ore., and Santiago, Dominican Republic.

Can Celtics history be celebrated in sneaker design?
A new contest asks Boston Celtics fans to become virtual cobblers and design a customized pair of Adidas sneakers that celebrates the team's championship heritage, the Celtics said today.

Yankee Group: E-reader sales will soar
Global sales of e-readers such as the Kindle are projected to reach $8.2 billion by 2014, according to a new report from Yankee Group, a Boston-based market research firm.

More corporations being formed in Mass.
Secretary of State William Galvin says a spike in corporation filings could be a sign that the Massachusetts economy is bouncing back.

Airlines offer free access to Facebook
Airlines are temporarily offering free Facebook access as a way to promote their WiFi services.

Logan to add flights to Albany, Iceland
Passengers flying from Boston to Iceland and New York state will soon have more airlines to choose from.

Zipcar adds campuses to car-sharing network
Zipcar Inc., the Cambridge-based car-sharing company, said today that it recently launched service at eight additional campuses.

Women shoe shoppers give recession the boot
Footwear sales rose in 2010, a good sign, says the NPD Group, a research firm that claims that footwear sales can be a leading economic indicator.

Retail labor index rises
A monthly retail labor index is clocking in at it highest level since August 2008, but the high reading may not be cause for celebration just yet.

Go west for stress
Chittenden County in Vermont is the only New England county to make the AP's list of least economically stressed counties in the country.

Monday, February 7, 2011

Mass. company draws fire for immigration game app
A Boston-based tech company is drawing fire from immigrant advocates for developing a game that allows users to drive a truck full of immigrants through the desert and try not to have them tossed out.

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