Wednesday, May 11, 2011

Daily Business Update from the Boston Globe

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Wednesday, May 11, 2011

Treasurer Grossman poised to outline initiatives
State Treasurer Steve Grossman plans to tell business leaders tomorrow about his efforts to make state spending more public, shift some state deposits to community banks, and other recent initiatives.

Natixis will be a Newport Jazz Festival sponsor
Natixis Global Asset Management will be a sponsor of the Newport Jazz Festival.

Boston Scientific says it won award in J&J dispute
NATICK -- Boston Scientific Corp. said today that a federal jury awarded it $19.5 million in a dispute with rival Johnson & Johnson over stents.

Boston Beer settles dispute with supplier
The Boston Beer Co. has settled a dispute with a company that supplied some of its bottles, three years after glass particles were discovered in beer at a Sam Adams plant.

Boston Scientific stock stabilizes after CEO news
Boston Scientific Corp. stock edged slightly higher today, a day after plunging on the surprise announcement that President and CEO Ray Elliott would retire at the end of the year.

Liberty Mutual launches 'Bring Back the 4th' contest
Liberty Mutual launches its Bring Back the 4th contest for the second year in a row. Communities get a chance to win $10k grants to continue their Fourth of July traditions.

iRobot teams with Google to devise robot apps
Bedford's iRobot Corp. said that it has teamed up with Google Inc. to create Android applications for its iRobot Ava mobile robotics platform.

Yankee Candle unveils patriotic collection
Yankee Candle unveils a patriotic collection that's partly designed to help remind military families stationed overseas of home.

Fidelity: Average 401(k) balance hits all-time high
Fidelity Investments reported that the average 401(k) balance rose to $74,900 at the end of the first quarter, marking an all-time high since Fidelity began tracking account balances in 1998.

Brother International taps PJA
PJA Advertising + Marketing of Cambridge said that it has been named agency of record for Brother International�s Business Machines Group�s printers and all-in-ones.

PlumChoice buys Swedish company
PlumChoice, a Billerica company focused on the way technology care is provided to connected homes and small businesses, said it has acquired the Tific AB, a Swedish company focused on information-technology, or IT, support.

EMD Millipore opens Shanghai facility
EMD Millipore, a life sciences company with operations in Billerica, said that it is opening a biopharmaceutical technical and training center in Shanghai.

DRC wins contract from Air Force office
Dynamics Research Corp., which is also known as DRC, said it has been awarded a contract from an Air Force unit that is valued at $3.9 million.

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