Thursday, June 30, 2011

Daily Business Update from the Boston Globe

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Thu. Jun. 30, 2011

Report: Area retail real estate market showing improvement
The retail real estate market in Eastern Massachusetts has taken “a turn on the road to recovery” after bottoming out in early 2010, according to a new report from KeyPoint Partners, a Burlington-based firm that offers commercial real estate services.

Utility to buy power from First Wind project
First Wind of Boston said that a utility in the Pacific Northwest has agreed to buy power from a wind farm it is looking to build in Washington state.

Fidelity: Married couples need to communicate better on retirement goals
Middle-age married couples need to improve their communications skills when it comes to planning their finances for retirement, according to a new study from Fidelity Investments.

Mass. foreclosures fell again in May
Foreclosures in Massachusetts dropped sharply again last month, the Warren Group reported this morning. But the decline can more likely be traced to lenders slowing down the mortgage foreclosure process than an improving economy.

Lotus Tissue Repair secures $26m
Lotus Tissue Repair Inc. said it has closed on closing of a $26 million Series A financing led by Third Rock Ventures, a venture capital firm with offices in Boston. Cambridge-based Lotus Tissue Repair is looking to use technology developed at USC to devise treatments for serious skin diseases.

State approves tax breaks to 16 companies
A state economic development board approves $44 million in state and local tax breaks for 16 firms that promise to add or retain jobs in Massachusetts.

Harris lands $23.6m contract
Harris Public Safety and Communications, a Chelmsford-based unit of Harris Corp., said it has received a $23.6 million contract from Floyd County, Georgia, to deploy a digital radio system.

Downtown Crossing: a sweet spot for cupcakes
A cupcake store called Sweet has just opened in Downtown Crossing. And a cupcake rival has plans to open a store nearby. If your idea of dessert is a cupcake shaped like an ice cream cone, Sweet has you covered. One top-selling item: the red velvet.

State overcharged by $30 million on foreign exchange transactions
Treasurer Steven Grossman today said the state pension fund suffered even higher overcharges on foreign exchange transactions than previously disclosed -- $30.5 million dating back to 2000.

Mass. officials unveil life sciences partnerships
Massachusetts officials this morning unveiled new life sciences partnership deals with Israel, Northern Ireland, and Finland at the Biotechnology Industry Organization annual convention in Washington, D.C.

Gonzalez to pitch for Eastern Bank
Red Sox first baseman Adrian Gonzalez is the centerpiece of a marketing campaign that promotes Eastern Bank’s charitable giving program, which focuses on many Habitat for Humanity affiliates in Eastern Massachusetts, the bank said today.

The Boston Globe's Daily Headlines

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Boston Globe Daily Headlines
June 30, 2011 Page One   Sports   Metro   Living | Arts   Business   Editorial | Opinion

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