Wednesday, March 23, 2011

Daily Business Update from the Boston Globe

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Wednesday, March 23, 2011

Gemvara closes $15m Series C round
Gemvara Inc., a Lexington-based online retailer of customer-designed fine jewelry, announced the closing of a $15 million round of Series C funding.

Old Sturbridge Village reports attendance rise
Annual attendance at Old Sturbridge Village rose 12 percent, the increase partly driven by locals looking for a cheap vacation and a jump in visits by foreign tourists, Old Sturbridge Village officials said.

Swampscott retirement system taps TFMS
Trust & Fiduciary Management Services Inc., or TFMS, said that Swampscott's retirement system has selected TFMS to manage an investment portfolio for the system with an emphasis on income producing securities.

Jordan's to sponsor Cape Cod All-Star game
Jordan's Furniture said today that it will be the title sponsor of the Cape Cod League All-Star Game at Fenway Park July 29.

EnerNOC enters contract with big Calif. utility
EnerNOC Inc., a Boston-based energy management company, said it has entered into a contract to provide energy-efficiency services for Southern California Edison, a large electric utility.

Financing arranged for Fall River apartment complex
Fantini & Gorga, a Boston-based mortgage banking firm, said it has arranged a $1.7 million financing of a 39-unit apartment complex with street-level retail space in downtown Fall River.

Dunkin’ Brands sales rose 7 percent last year
Dunkin' Brands Inc., , the Canton-based parent company of Dunkin' Donuts and the Baskin-Robbins ice cream chain, said its system-wide revenues for its last fiscal year were $7.7 billion, up 7 percent from fiscal 2009 revenues of $7.2 billion.

Nixon Peabody taps Ryan for crime group post
Nixon Peabody LLP, an international law firm with offices in Boston, said it has appointed David M. Ryan to be deputy practice group leader for the firm�s Government Investigations & White Collar Crime group.

Tuesday, March 22, 2011

Corporate owner of Boston Red Sox changes name
The parent company that owned the Boston Red Sox, Liverpool FC and half of Roush Fenway Racing has changed its name to Fenway Sports Group.

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