Thursday, May 12, 2011

Daily Business Update from the Boston Globe

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Thursday, May 12, 2011

State website to help teens seeking summer jobs
A state agency said it is launching a "YouthWorks" website that aims to connect employers with young people looking for work and serve as a resource for teens looking for a summer job.

Sanergy wins MIT $100k prize
Sanergy won the MIT $100K Entrepreneurship Competition prize at an awards ceremony at the Massachusetts Institute of Technology last night, MIT said.

Mass. AG seeking more info on Conn. power tax
Massachusetts Attorney General Martha Coakley is trying to find out if a new tax in Connecticut could force Massachusetts homeowners to pay more for their electricity.

AIM awards focus on international business
The Associated Industries of Massachusetts, the state's largest employer group, said its International Business Council is set to give awards tomorrow to Philips Electronics North America, Rocheleau Tool & Die, and Iredale Mineral Cosmetics.

SpringLeaf Therapeutics closes $15m financing
SpringLeaf Therapeutics said today that it has closed a $15 million Series B financing.

TA Associates invests in Tega Industries
TA Associates, a private equity firm with offices in Boston, said it has completed a minority investment in Tega Industries Ltd., a company in India that offers products and services for the mining industry.

Carbonite files for an IPO
Carbonite Inc., a Boston company in the online data backup business, said that it has filed a registration statement relating to a proposed initial public offering of shares of its common stock.

Jones Lang LaSalle to lease Braintree Exec. Park
The Grossman Cos. Inc. and Dinosaur Capital Partners have selected Jones Lang LaSalle as the leasing agent at Braintree Executive Park.

Wednesday, May 11, 2011

Customer pin numbers tampered with at Michaels
By Jenn Abelson, Globe Staff Michaels Stores Inc. has identified PIN pad tampering at stores across the country, including four locations in Massachusetts where customer debit and credit card accounts may have been compromised. The Texas craft store chain said...

Heavy metal pilot on board for Iceland-Boston flights
By Paul Makishima, Globe Staff Iceland Express, which bills itself as a discount airline, says it will begin year-round service to Logan International Airport on June 2 with as many as four flights per week for most of the...

Globe in talks to print Herald
The Boston Globe is negotiating a contract to print and deliver its long-time rival the Boston Herald, according to executives from both companies.

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.

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