Wednesday, February 9, 2011

Daily Business Update from the Boston Globe

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Wednesday, February 9, 2011

Charles River Labs reports 4Q loss on charges
WILMINGTON -- Medical research equipment and services company Charles River Laboratories International Inc. said late Tuesday it took a loss in the fourth quarter on hefty impairment charges.

Zoll Medical expands in Chelmsford
Zoll Medical Corp., a medical device company, is expanding its headquarters operation in Chelmsford, a real estate broker said today.

Celtics Ray Allen pitches Webster Bank
Webster Bank said it has entered a marketing partnership with Boston Celtics star Ray Allen.

Clinical Data posts narrower loss in fiscal 3Q
NEWTON -- Biotechnology company Clinical Data Inc. reported a smaller fiscal third-quarter loss today because of a drug development milestone payment and income from a business it sold in December.

Rattle will help market the city of Salem
Local ad agency Rattle said it has been hired to lead the marketing efforts for the city of Salem.

InfraReDx has a new chief executive
InfraReDx Inc., a Burlington-based medical device company, said that Donald Southard has joined the company as president and chief executive.

MIT economist hopes comics will explain health law
An MIT economist and adviser to President Barack Obama is turning to comic books to help make the pitch for the administration's embattled health care law.

Compostable kitchen items from Staples?
Think Staples Inc. and what comes to mind are office supplies. But compostable kitchen items including cups, plates, and cutlery?

Sanofi: Making good progress on Genzyme deal
The top executive of France�s Sanofi-Aventis SA this morning said his drug company has �made very good progress� in its talks to acquire Genzyme Corp. of Cambridge.

Dollar Tree store opens in Boston
Dollar Tree Inc. said it has opened a new store in Boston.

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.

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