Tuesday, March 29, 2011

Daily Business Update from the Boston Globe

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Tuesday, March 29, 2011

Evergreen Solar does not plan to give back $20m in incentives
The chief executive of Evergreen Solar says his company has no plans to give back $20 million in state corporate incentives, despite its recent decision to close a plant in Devens and lay off 800 workers.

CVS names health care strategy chief
CVS Caremark Corp. said today it promoted Helena Foulkes to an expanded role as chief health care strategy and marketing officer.

Amtrak passengers can get Twitter feeds on service
By Katie Johnston Chase, Globe Staff Amtrak passengers traveling between Washington D.C. and Boston and elsewhere on the northeast corridor can get details about major service disruptions by following @AmtrakNEC. Problems that affect a single train will not be tweeted....

JetBlue Airways will continue on as Sox official airline
The airline, the biggest carrier at Logan International Airport, will continue to be the Red Sox' official airline for the next eight years.

Connors to be inducted into Advertising Hall of Fame
Jack Connors, who founded and serves as chairman emeritus of the Boston ad agency Hill Holliday, will be inducted into the American Advertising Federation's Advertising Hall of Fame.

Mass. home sales, prices fell in Feb.
Partly because of severe winter weather, the number of Massachusetts single-family homes sold in February dropped 15.7 percent on a year-to-year basis, and the median price fell to $255,000 from $270,000 in February 2010, the Warren Group reported today.

Monday, March 28, 2011

Boston Scientific's CEO made $4.9 million
By Robert Weisman, Globe Staff Boston Scientific Corp. paid its chief executive, J. Raymond Elliott, a total of $4.9 million in compensation last year, according to a filing with the Securities and Exchange Commission today. That compared with a total...

W Hotel in Boston to be sold
The luxury W Hotel is being sold today, less than a year after its developer filed for bankruptcy protection because of slow sales of the condominiums in the Theatre District complex.

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