Thursday, April 14, 2011

Daily Business Update from the Boston Globe

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Thursday, April 14, 2011

Suffolk Downs partnership eyes gaming complex
The owner of the Suffolk Downs racetrack is partnering with Caesars Entertainment Corp. in the hopes of building a gaming and entertainment complex on the property if the state allows expanded gaming, race track officials said today.

Mass. unemployment rate drops to 8 percent
The Massachusetts unemployment rate for March was 8 percent, down from February's rate of 8.2 percent, the state's Executive Office of Labor and Workforce Development said today.

Staples to sell Nook Color reader tablet
Staples Inc., the Framingham-based office retailer,will begin selling the Nook Color e-reader from Barnes & Noble Inc. in its US stores on May 1, Staples and Barnes & Noble said today.

Regulators allege Inofin defrauded investors
State and federal securities regulators have charged a bankrupt subprime auto lender in Rockland, and three of its executives, with defrauding investors of $110 million.

Real estate vet to head MassDevelopment
The Patrick administration has tapped Marty Jones, a longtime local commercial real estate executive, to run one of the state's leading economic development agencies.

Raytheon wins $68.6m Army contract
Waltham defense contractor Raytheon Co. won a $68.6 million contract to deliver night-vision weapon sights to the US Army.

Zipcar shares soar in market debut
Shares of Zipcar Inc. are soaring in their market debut after the initial public offering priced better than the company had predicted.

JetBlue offers one-day, half-off sale to Newark
JetBlue is briefly putting Newark on sale.

Coakley seeks power to halt nonprofit board pay
State Attorney General Martha Coakley plans to file legislation that would give her the authority to prohibit public charities from paying board members.

Jordan's Furniture to deliver at Fenway Park today
Jordan's Furniture plans Fenway Park promo for this afternoon.

Iron Mountain names chairman as new CEO
BOSTON -- Data storage and management company Iron Mountain Inc. said today that it has named chairman Richard Reese as chief executive, effective immediately, replacing Bob Brennan, who is resigning as president and CEO.

Frozen yogurt giveaway marks Pinkberry opening
From 4 p.m. to 7 p.m. today, the new Pinkberry at the Shops at Prudential Center will celebrate its grand opening by dishing out free samples.

Monsanto teams up with Cambridge VC firm
Monsanto Co. and Atlas Venture, an early-stage venture capital firm based in Cambridge, said they have agreed to enter a multi-year collaboration to explore investment opportunities in early-stage life sciences technology companies.

Currensee raises $4 million
Currensee said that it has secured an additional $4 million, bringing total financing to date to $16.8 million.

Houghton Mifflin debuts iPad algebra course
Houghton Mifflin Harcourt, a Boston company known for such educational products as textbooks, said it is launching HMH Fuse: Algebra 1, the first core K-12 education solution developed exclusively for the iPad.

New Balance kicks off marathon campaign
New Balance Athletic Shoe Inc. said it is launching a marketing campaign that is specifically pegged to the Boston Marathon.

Wednesday, April 13, 2011

Accused Ponzi schemer Elkinson pleads guilty to 18 counts
Richard Elkinson of Framingham, arrested in January of 2010 for operating a Ponzi scheme, pleaded guilty on Wednesday to 18 counts of mail fraud in a federal court in Boston.

State signs off on sale of two hospitals
By Robert Weisman, Globe Staff The state Public Health Council today approved the transfer of licenses for Merrimack Valley Hospital in Haverhill and Nashoba Valley Medical Center in Ayer to Steward Health Care System, the Boston-based company formed by the...

Region's economy grew modestly in recent months
Business activity in New England grew modestly over the past two months, despite mixed retail sales and a struggling real estate market, according to a Federal Reserve survey released today.

Bankrupt Rugged Bear trademarks, logos sold
Bankrupt Rugged Bear will be revived by private equity firm TRB Acquisitions LLC, which bought some of the local clothing chain's assets this week.

iRobot shares rise after winning Navy contract
Bedford's iRobot Corp. has won a Navy contract valued at up to $230 million to deliver robots that US military personnel can use to find and dispose of explosives.

Minority owned law firm opens Boston office
Gonzalez Saggio & Harlan LLP, which says it is the nation�s largest certified minority-owned law firm, said it has opened a New England office located in Boston.

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