Monday, March 7, 2011

Daily Business Update from the Boston Globe

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Monday, March 7, 2011

Boston chamber will honor Kraft family
The Greater Boston Chamber today announced that Robert and Myra Kraft and the Kraft family will be inducted into the Academy of Distinguished Bostonians.

UFood restaurants to open at military facility
UFood Restaurant Group Inc., a Boston company that operates and franchises fast-casual food service restaurants, said that it will build and operate two UFood Grill units at Aberdeen Proving Ground in Maryland.

Boston Scientific stent system gets European OK
Medical device maker Boston Scientific Corp. said today that it will immediately start selling its Omega coronary stent system in the European Union after receiving marketing approval.

Repligen bipolar depression drug fails in study
WALTHAM -- Repligen Corp. said today that a mid-stage clinical trial showed one of its drug candidates was no more effective than a placebo in treating bipolar depression.

Local gas prices rise 14 cents a gallon in a week
The average price for a gallon of gas in Massachusetts is $3.449 a gallon in this week's AAA survey, up 14 cents a gallon from the previous week's average, AAA Southern New England said today.

Verizon Wireless expands 3G coverage in Roxbury
Verizon Wireless said that it recently activated a new cell site in Roxbury and Jamaica Plain that expands 3G data coverage along Columbus Avenue, Centre Street, and Lamartine Street in the Boston neighborhoods of Roxbury and Jamaica.

Genzyme board recommends sale to Sanofi
Genzyme Corp. said today that its board of directors unanimously recommends that shareholders approve the $20.1 billion offer from French drug maker Sanofi-Aventis to buy the Cambridge-based biotechnology company.

Southern Comfort, Arnold promote Mardi Gras
Boston ad agency Arnold Worldwide is a part of team that helped create this billboard for client Southern Comfort that appears on a building in the French Quarter in New Orleans.

HomeGoods is set to open in Chelsea
Officials for HomeGoods said that the home fashions chain plans to open a store in Chelsea on March 20.

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