Wednesday, March 9, 2011

Daily Business Update from the Boston Globe

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Wednesday, March 9, 2011

Auto insurance issues top a consumer complaint list
The Massachusetts Office of Consumer Affairs and Business Regulation said that the most common complaints it tallied last year related to auto insurance, health insurance, and home-improvement contractors.

Local firms roll out energy auditing software
World Energy Solutions said it is investing in Retroficiency, a Boston start-up focused on energy efficiency, and rolling out a new product that incorporates Retroficiency technology.

Galvin seeks to shut down Cambridge hedge fund
The office of Massachusetts Secretary of State William F. Galvin said this morning that it is seeking to shut down a small hedge fund that used an expert consultant to get inside information.

Convention center issues PAX East traffic advisory
The Boston Convention & Exhibition Center has issued a rare traffic advisory as it gears up for what could be its biggest event ever.

NECCO is no longer for sale
The New England Confectionary Co. has been taken off the market several months after its parent company hired a firm to explore a possible sale of the candy business.

EMC backup hardware product wins award
EMC Corp., the Hopkinton-based data storage giant, said that its Data Domain Global Deduplication Array with DD Boost was named "2010 Product of the Year" by the editors of TechTarget's storage media group.

Australian fire service taps Zoll
Zoll Medical Corp. said it has received an order for its automated external defibrillators, or AEDs, from the Rural Fire Service for the Australian state of New South Wales.

Pro-Pharmaceutical appoints new CEO
Pro-Pharmaceuticals Inc. said that Peter G. Traber, M.D., has been appointed president and chief executive, effective March 17.

Staples raises stock dividend by penny to 10 cents
Office products retailer Staples Inc. is raising its quarterly dividend by a penny to 10 cents per share.

Tuesday, March 8, 2011

Conn. sets hearings on Northeast-NStar deal
HARTFORD -- Connecticut regulators are inviting the public to weigh in on whether the state has jurisdiction over Northeast Utilities' plan to buy NStar for $4.6 billion.

Blue Cross directors to forgo pay
By Robert Weisman, Globe Staff Blue Cross Blue Shield of Massachusetts board members, huddling in an emergency meeting yesterday, voted to suspend their five-figure annual directors’ payments, and to start discussions with the state attorney general’s office and community...

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