Thursday, March 17, 2011

Daily Business Update from the Boston Globe

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Thursday, March 17, 2011

Mass. unemployment rate drops to 8.2 percent
The Massachusetts unemployment rate was 8.2 percent in February as the state added 15,400 jobs to its workforce last month, the fifth consecutive month of employment gains for Massachusetts, the state Executive Office of Labor and Workforce Development said this morning.

New Balance signs on with the Carlsbad 5000
New Balance Athletic Shoe Inc., a Boston company known for its athletic footwear and apparel, said it has signed a sponsorship deal with the Carlsbad 5000, an annual race that attracts amateur and professional runners from around the world to Carlsbad, Calif.

Massport plans to lower some airline fees
With passenger numbers and landing weights at Logan International Airport higher than expected, the Massachusetts Port Authority is lowering the landing, baggage screening, and passenger fees it charges airlines.

NY Times launches digital subscriptions
The New York Times said today that it is selling digital subscriptions for its online editions at www.NYTimes.com, starting in Canada and rolling out to the United States and the rest of the world by the end of the month.

Chrys will head Citizens Premier Banking division
Citizens Financial Group Inc., the Providence company that operates Citizens Bank, said that Lauretta Chrys has been promoted to head the Premier Banking division of the company's Wealth Management Group.

Bright Horizons is renovating its headquarters
Commodore Builders, a local construction firm, said it is set to begin renovations on the headquarters facility of Bright Horizons in Watertown.

Tribe taps Genuine for hummus campaign
Boston-based Genuine said it has been named the digital marketing agency of record for Tribe Mediterranean Foods and the company's Tribe Hummus and Veggie Patch brands.

Arbella Insurance will sponsor Celtics playoff run
The Boston Celtics and Arbella Insurance of Quincy said that Arbella will be the presenting sponsor of the team�s 2011 playoff run for the second consecutive season.

Wednesday, March 16, 2011

Houghton Mifflin CEO O'Callaghan steps down
The chief executive officer of Boston-based textbook publisher Houghton Mifflin Harcourt resigned "to purse other ventures,'' company officials said today.

Big Goya food donation includes Boston
Goya Foods Inc., a New Jersey food company, said today that it is donating a million pounds of food to help fight hunger in the United States and Puerto Rico.

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