Tuesday, April 26, 2011

Daily Business Update from the Boston Globe

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Tuesday, April 26, 2011

Boston-area home values continue slide
Boston-area home values continued to fall in February for the seventh consecutive month, according to new data released today by the S&P/Case-Shiller Home Price Indices, a marker that measures repeat home sales nationwide.

New intern program aims to keep young talent here
The Commonwealth Marketing Office, a state agency, said that is launching an intern initiative that aims to keep talented young people in Massachusetts.

Proposed acquisition by Clean Harbors voted down
Clean Harbors Inc., a Norwell company that provides environmental services, said that its proposal to buy Badger Daylighting Ltd. failed to win approval from Badger shareholders.

Vertex shares jump on FDA findings
A proposed drug developed by Vertex Pharmaceuticals Inc. cures more patients with the hepatitis C virus in less time than existing therapies, according to a briefing document filed today by Food and Drug Administration staffers who reviewed the new drug application.

Investor confidence index falls slightly
An investor confidence index maintained by State Street Global Markets fell slightly from March to April.

Gentle Giant teams up with the Head of the Charles
Gentle Giant Moving Co. said it will be the �Official Moving and Storage Partner� of the Head of the Charles Regatta, an annual rowers' event on the Charles River that this year is scheduled to take place Oct. 22 and Oct. 23.

The Princeton Review agrees to sell business unit
Princeton Review Inc., a Framingham company that provides test preparation, educational support services, has agreed to sell the assets of its Community College Partnerships business as it looks to focus on its core business.

TD Bank taps BackBay Communications
BackBay Communications said it has been retained as a public relations agency by TD Bank.

TA Associates is involved in two deals
TA Associates, a private equity firm with offices in Boston, said that it has agreed to acquire a 54.4 percent interest in Stadion Money Management LLC, an investment management firm.

Bees --- 90,000 of them --- check into Seaport Hotel
Guests at the Seaport Hotel could soon be bunking with 90,000 bees, which will be pampered on the premises as they yield honey that will be used by the chefs in the hotel's restaurants.

Low price gym is set to open near BU
GymIt, a new gym concept designed to appeal to young adults on a budget, is gearing up to open its first location, an 18,000-square-foot-facility on Commonwealth Avenue near Boston University.

Monday, April 25, 2011

AG wins $760K health insurance settlement with AIG unit
By Robert Weisman, Globe Staff A unit of American International Group Inc., the New York-based insurance giant, agreed to pay restitution and a fine totaling $760,000 for selling faulty health insurance products in Massachusetts, under a settlement reached with state...

Saucony to unveil first national TV commercial
Saucony, the athletic footwear brand with offices in Lexington is debuting a new advertising campaign with the theme of, "Find Your Strong."

State court rules attorneys must participate in home closings
The Massachusetts Supreme Judicial Court today released a ruling requiring the "substantive participation" of attorneys in real estate transactions in a long-awaited decision celebrated by local lawyers.

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