Monday, May 9, 2011

Daily Business Update from the Boston Globe

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Monday, May 9, 2011

Cape Cod robot helps find missing U-boat
Hydroid Inc., a Bourne-based manufacturer of autonomous underwater vehicles, or AUVs, said that one of its AUVs was used by the Royal Netherlands Navy in finding a missing World War I German submarine off the Dutch coast.

Local gas prices hold steady, AAA says
The average price for gas in Massachusetts remained unchanged at $3.949 a gallon in the latest weekly survey from AAA, AAA Southern New England said today.

New Red Lantern restaurant to focus on Asian fare
Big Night Entertainment Group, a Boston restaurant company, said it plans to open a "boutique Asian restaurant" called Red Lantern in June.

D'Angelo's is bringing back lobster sandwiches
D�Angelo Grilled Sandwiches said it is bringing back its popular lobster sandwich offerings and adding the Lobster Club to its line-up.

Alkermes to merge with Ireland-based Elan unit
Alkermes Inc. of Waltham and Irish drug maker Elan Corp. said that Waltham-based Alkermes will merge with an Elan unit called Elan Drug Technologies in a cash and stock transaction currently valued at $960 million.

Merrimack Pharmaceuticals buys drug rights
Merrimack Pharmaceuticals Inc.of Cambridge and PharmaEngine Inc. of Taiwan said they have signed an agreement that gives Merrimack the rights to develop and commercialize a drug candidate in Europe and Asia.

MLB umps will sport New Balance shoes
New Balance will outfit Major League Baseball umpires with the official on-field footwear.

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