Thursday, February 10, 2011

Daily Business Update from the Boston Globe

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Thursday, February 10, 2011

Snow helps and hampers maple syrup producers
RANDOLPH, Vt. -- The mountains of snow that have buried the Northeast this winter will have a sweet -- and just slightly bitter -- taste for the region's maple syrup producers.

Key Talbots exec leaving; search is under way
HINGHAM -- Women's clothing chain Talbots Inc. said today that a key executive, chief stores officer John Fiske, is leaving the company, which is struggling to turn itself around.

Momenta turns 4Q profit helped by generic sales
Momenta Pharmaceuticals Inc. said today that it turned a fourth-quarter profit and achieved profitability for the first time in 2010 as a generic version of the anti-clotting drug Lovenox pushed revenue growth.

IPG expects 4Q results above views; shares soar
OXFORD -- IPG Photonics Corp., which makes lasers for a variety of applications including telecommunications and medical devices, said today that it expects to report fourth-quarter profit above its previous forecast.

Heiser appointed president of EMC security division
EMC Corp., the Hopkinton-based data storage giant said that Tom Heiser, a 26 year company veteran, has been promoted to the post of president of RSA, EMC's security division.

Watts announces intention to buy Danfoss Socla
Watts Water Technologies Inc., a North Andover company focused on water-control and water quality applications, announced its intention to acquire Danfoss Socla of France and the related water controls business of Danfoss A/S.

Study: Companies up commitment to sustainability
More than two-thirds of businesses are strengthening their commitment to sustainability, according to a new study by MIT Sloan Management Review and the Boston Consulting Group.

Willow Tree Poultry Farm taps Strategis
Strategis said that it has been named as the social media agency of record for Willow Tree Poultry Farm, the Attleboro-based purveyor of frozen chicken pies, fresh chicken salad, party platters, fresh turkeys, and old fashioned bread stuffing.

EMD Serono marks opening of Billerica R&D facility
EMD Serono has a scheduled an official opening ceremony for today of a new $65 million research-and-development facility in Billerica that the company says will initially create about 100 jobs.

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