Thursday, February 17, 2011

Daily Business Update from the Boston Globe

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Thursday, February 17, 2011

Tufts Medical Center chief Ellen Zane to retire
Ellen Zane, who helped build Massachusetts' largest physicians' network at Partners HealthCare, then joined a competitior, Tufts Medical Center, to pull it from the brink of flatlining, is stepping down as the hospital's chief executive to join her husband in a long-delayed retirement.

Boston Scientific launches stent systems in India
Medical device maker Boston Scientific Corp. said today it launched its Promus Element and Taxus Element drug-coated coronary stent systems in India.

Second Wind ups presence Down Under
Second Wind, a Somerville companies develops wind measurement systems for such businesses as wind farms, said its presence in the Australian and New Zealand wind energy markets more than doubled in 2010.

Alere records $1b 4Q loss on charge
Alere Inc. said today that it lost $1.04 billion in the fourth quarter as the medical diagnostics company recorded a hefty charge that offset revenue gains

Carriers back down on business-class hikes
Airline carriers, who are always looking over their shoulders at their competitors, apparently have backed down on hiking business-class fares.

Delta fare sale for new Logan-London service
To mark its new service from Boston to London, beginning March 26, Delta Airlines is offering an introductory fare of a $400 round-trip.

Trigen changes name to Veolia Energy
Trigen Energy Corp. said it is changing its name to Veolia Energy.

Boston area CPI is up 1.1 percent from a year ago
The Consumer Price Index for the Boston-Brockton-Nashua area increased 1.1 percent over the 12-month period that ended in January, the US Bureau of Labor Statistics reported today.

Fidelity: IRA Roth conversions soared in 2010
Fidelity Investments reported a big spike in December Roth IRA conversions as investors scrambled to take advantage of Roth IRA tax benefits.

One Laptop per Child teams up with African Union
One Laptop per Child, a Cambridge foundation that seeks to offer inexpensive computers to children in developing countries, said it is partnering with the African Union to deliver laptops to primary school students throughout Africa.

Signature Office Park taps Jones Lang LaSalle
Jones Lang LaSalle said it has been named leasing agent for Signature Office Park at 50 Dunham Rd in Beverly, which was originally designed as a corporate headquarters business campus for Parker Brothers.

Aveo, Astellas in potential $1.3b cancer drug deal
Aveo Pharmaceuticals Inc. of Cambridge announced a partnership that could be worth more than $1.3 billion with Astellas Pharma on Aveo's lead drug candidate, the cancer treatment tivozanib.

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