Thursday, May 26, 2011

Daily Business Update from the Boston Globe

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Thursday, May 26, 2011

Mass. consumer confidence falls sharply
The Massachusetts Consumer Confidence Index posted a second-quarter reading of 67, down from a reading of 74 in the first quarter and down from a reading of 80 in the same quarter a year ago.

Dunkin' readies promo for National Donut Day
At Dunkin' Donuts Canton headquarters, the culinary Sorbonne of hand-held food science, few moveable feasts loom larger on the calendar than National Doughnut Day.

Cambridge tops Amazon.com 'well-read' list
College towns are prime spots for readers, according to a new study released by Amazon.com.

Parexel in 5-year research deal with Pfizer
Pharmaceutical research contractor Parexel International Corp. said today that it will start a five-year partnership with Pfizer Inc., the world's biggest drugmaker.

Galvin survey will look at tweeting by brokers
The Massachusetts Securities Division said today that it is undertaking a survey to determine the prevalence of social media use in communications and marketing efforts by state-registered investment advisers.

Report: Mass. recovery continues to outpace nation's
The Massachusetts economy continues to recover ahead of the nation due to the strength of the state's education, health care, and high-technology sectors, yet many people continue to struggle, the University of Massachusetts reported today.

Pro-Pharmaceuticals is now Galectin Therapeutics
Pro-Pharmaceuticals Inc. said that it has changed its name to Galectin Therapeutics Inc.

Adrian Gonzalez sports Gargoyles eyewear
Gargoyles Performance Eyewear of Rhode Island said that Boston Red Sox first baseman Adrian Gonzalez will appear in Gargoyles ad campaigns.

Telecom spending to rise for first time since crash
Global telecom capital spending is projected to rise 2.9 percent from a year ago, the first increase since the financial crisis, Yankee Group said in a new report.

Forge Worldwide moves to the Back Bay
Forge Worldwide said it has moved from Waltham to 3,000 square feet of office space in Boston's Back Bay.

'Pretty Little Liars' will help Staples school drive
Staples Inc., the Framingham office supplies giant, said that the ABC Family show "Pretty Little Liars" will be part of an effort to encourage teens to collect school supplies for students in need.

Comcast On Demand views: 20 billion & counting
According to Comcast, its customers have watched 20 billion entertainment choices On Demand since the service launched in 2003.

Wednesday, May 25, 2011

Loan officer gets 70 months for mortgage fraud
A loan originator formerly from Watertown was sentenced to 70 months in prison for his involvement in a massive mortgage fraud ring involving 21 Massachusetts properties and more than $10.6 million, the US Attorney's Office in Boston said today.

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