Friday, May 20, 2011

Daily Business Update from the Boston Globe

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Thursday, May 19, 2011

Tufts nurses approve 18-month contract
Unionized nurses voted overwhelmingly today to ratify a new 18-month contract with Tufts Medical Center in Boston.

Acme Packet looks to add jobs
Acme Packet, a company specializing in session delivery network solutions, said today that it plans to expand its Bedford headquarters in order to meet a hiring goal of more than 180 new employees in Massachusetts this year.

Houghton Mifflin launches education challenge
Houghton Mifflin Harcourt said it has launched the HMH Global Education Challenge, which is designed to encourage "game-changing ideas" for improving student outcomes in K-12 education.

Jones Lang LaSalle tapped for Conn. project
The Boston office of Jones Lang LaSalle said it has been hired to provide an economic and market analysis for the redevelopment and disposition of Preston Riverwalk, a 390-acre riverfront campus in Preston, Conn.

AAA: Memorial Day holiday travel to hold steady
High gas prices are not expected to have a big impact on Memorial Weekend travel, with national and regional travel rates likely to hold about steady with those of last year, AAA Southern New England said today.

Casual Male 1Q earnings edge up, miss expectations
CANTON -- Casual Male Retail Group Inc.'s net income rose slightly in its fiscal first quarter as sales in the Northeast and Midwest were dampened by bad weather.

Amazon says e-book sales surpass printed books
Amazon.com says it's selling more electronic books than printed books, less than four years after it started selling e-books.

Kayem named the official sausage of the Red Sox
Kayem Foods Inc., the Chelsea-based maker of Fenway Franks, said today that it will also provide the sausage at Fenway Park.

State unemployment rate falls to 7.8% in April
The state unemployment rate in April fell to 7.8 percent, down from 8 percent in March, which was the lowest point in nearly two years, the Massachusetts Executive Office of Labor and Workforce Development reported this morning.

Thermo Fisher to buy Swedish firm for $3.5b
Laboratory sciences supplier Thermo Fisher Scientific Inc. of Waltham said it has agreed to acquire Phadia, a Swedish company focused on allergy and autoimmunity diagnostics, for about $3.5 billion in cash.

Forecast: Mass. economy will add jobs slowly
The Massachusetts economy will continue to slowly add jobs until 2013, when expansion is expected to reach "full stride" and the number of jobs in the state reaches its pre-recession peak, according to a new economic forecast released today.

Alemany of Citizens wins social responsibility award
Ellen Alemany, chairman and chief executive of Citizens Financial Group Inc., is a 2011 recipient of the Foreign Policy Association�s Corporate Social Responsibility Award, Citizens said.

MassHousing loan goes to Gloucester apartments
MassHousing, the state�s affordable housing bank, announced $9.8 million in loan closings to refinance and redevelop Central Grammar Apartments in Gloucester.

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