Tuesday, May 17, 2011

Daily Business Update from the Boston Globe

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Tuesday, May 17, 2011

Endeca to power kalahari.net's e-commerce site
Endeca Technologies said that kalahari.net, South Africa's largest online retailer, will use Endeca's advanced search engine capabilities to deliver a "highly searchable, easy-to-use online shopping experience" to kalahari.net customers.

JetBlue launches one-day late spring sale
JetBlue announces one-day sale. Some details are outlined in the post.

Scientists question TSA scan safety
A group of university scientists with expertise in imaging and cancer are questioning the safety of full-body X-ray scanners used by the Transportation Safety Administration.

Stalled Lawrence loft project to open in July
A troubled and long-stalled loft project, once touted as key to reviving the struggling city of Lawrence, is set to open.

April foreclosure petitions up from previous months
Foreclosure petitions, the first step in the foreclosure process, posted their highest monthly number so far this year, said the Warren Group, which added that the number of completed foreclosures dropped by double digits for the seventh straight month.

TJX 1Q net income slips on A.J. Wright closings
The closing of A.J. Wright stores and reopening many as TJMaxx, Marshalls or HomeGoods stores pulled TJX Cos.' first-quarter net income down 20 percent, but customer traffic improved at the company's remaining chains.

Kendall Square spa is open for business
Bosse, an upscale gym and spa, is now open in Kendall Square and looking to woo a life sciences crowd in need of a tony workout.

New Comcast product aims at mid-sized businesses
Comcast Corp. said it is debuting Metro Ethernet, a service for mid-sized business, in about 20 US markets, including Boston.

SciFluour secures $5m in funding
SciFluor Life Sciences LLC, a Boston company focused on fluorination technology discovered at Harvard University, said that it has secured $5 million in first-round funding from Allied Minds, a private equity firm with offices in Boston and Los Angeles.

Staples unit will manage Team USA Shop
The United States Olympic Committee has partnered with Staples Promotional Products to manage its Team USA Shop at the US Olympic Training Center in Colorado Springs, Staples Inc. said.

MassHousing grants target sober housing
MassHousing, the state's affordable housing bank, said it has awarded $150,000 in financing to help create or preserve affordable sober housing in Sandwich and Tewksbury.

Monday, May 16, 2011

University of Phoenix target of Mass. probe
The state's growing investigation into the for-profit college industry now includes the country's biggest player: the University of Phoenix.

Big Papi's New York State of Mind
Hill Holliday talks up some of its latest marketing efforts for client Major League Baseball.

Mass. to begin issuing $1,000 bonds to investors
Massachusetts will begin offering bonds of $1,000, a smaller denomination designed to attract individuals to invest in the state's infrastructure.

Northeast small businesses lag in social media use
Small businesses in the Northeast are lagging slightly behind their national counterparts in harnessing social media to drive their marketing messages, according to a new survey from Constant Contact Inc.

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