Thursday, April 28, 2011

Daily Business Update from the Boston Globe

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Thursday, April 28, 2011

Simon Property will manage Fox Run Mall
Simon Property Group said that it will assume leasing, management, and marketing duties at the Fox Run Mall in Newington, N.H.

Newark on the cheap -- It's a JetBlue deal
JetBlue is offering discount fares to Newark.

Mass. economy grew at strong pace in first quarter
The Massachusetts economy grew at more than twice the rate of the national economy in the first three months of the year, buoyed by the state's technology sector, the University of Massachusetts reported today.

Raytheon 1Q profit falls on lower defense spending
Defense contractor Raytheon Co. said Thursday that its first-quarter net income fell 14 percent on lower sales from a U.S. Navy program and the cancellation of a border control program contract in the United Kingdom.

Immigrant-smuggling game rejected by Apple
An iPhone game developed by a Boston company that allows users to drive a truck full of immigrants through the desert while trying to prevent them from getting thrown out of the vehicle has been rejected by Apple Inc.

TD Bank is looking to get bigger
TD Bank, the fourth largest retail bank in Massachusetts, is trying to get bigger fast.

BC sports teams have an official gelato
Providence-based Roba Dolce said it has been named the official gelato and sorbetto of Boston College Athletics.

Stop & Shop, Shell expand Gas Rewards program
The Stop & Shop Supermarket Company LLC and Shell said they are expanding their Gas Rewards program in Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York.

Local workplace fatality rate is higher for Hispanics
An average of nearly one worker death occurred each week in Massachusetts last year, including five firefighters who died from work-related cancer and heart disease, according to a new report

Mass. home sales showed weakness in March
Single-family home sales in Massachusetts fell 14.4 percent to 2,704 in March from March 2010, the Warren Group reported, .and the median price for single-family homes sold in March slipped 2.8 percent to $267,250.

Dunkin' Brands reports 1Q revenues of $1.8b
Dunkin' Brands Inc., the Canton-based parent company of Dunkin' Donuts and Baskin-Robbins, reported global system-wide sales for the first quarter of $1.8 billion, up 5.4 percent for the same period a year ago.

Wednesday, April 27, 2011

Modernista is shutting down
Modernista, a Boston agency that once created ads for Cadillac and Hummer, is officially closing its doors, the trade publication AdvertisingAge is reporting.

Panel recommends FDA approval of Merck drug
Silver Spring, Md. --- A scientific advisory panel today unanimously recommended that the Food and Drug Administration approve a Merck & Co. drug candidate for hepatitis C that is expected to compete with a rival drug from Vertex Pharmaceuticals Inc. of Cambridge.

Apple denies iPhones store user location
Apple Inc. denied today that iPhones store a record of their users' movements for up to a year, and blamed privacy concerns partly on a misunderstanding.

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