Wednesday, June 1, 2011

Daily Business Update from the Boston Globe

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Wednesday, June 1, 2011

Arnold expands into Australia
Boston ad agency Arnold Worldwide said that it is expanding its "global micronetwork" into Australia through the creation of Arnold Furnace.

Tuesday, May 31, 2011

Judge rules Steward Health Care can negotiate takeover of troubled Landmark hospital in R.I.
A judge in Rhode Island ruled that Boston's Steward Health Care Systems LLC could move forward with negotiating a takeover of financially troubled Landmark Medical Center in Woonsocket.

Sanofi announces changes at Genzyme
French drugmaker Sanofi SA told employees of Genzyme Corp., the Cambridge company Sanofi acquired in April, that they will have a new reporting structure within the parent company.

Dunkin' Donuts introduces Frozen Hot Chocolate
Dunkin' Donuts is gearing up for summer with a new addition to their beverage lineup: Frozen Hot Chocolate. The company said that the drink, available for a limited time at participating locations nationwide, "delivers the rich, comforting taste of Dunkin' Donuts classic hot chocolate in an icy cold beverage."

General Dynamics adds more than 100 jobs in Pittsfield
General Dynamics Corp. has hired more than 100 employees to help work on a defense contract it was awarded by the Navy in December.

Local gas prices down for third straight week
Gasoline prices in Massachusetts are down for the third week in a row, according to a weekly survey by AAA Southern New England.

New report indicates double dip in housing prices
National home prices in March plunged below the low point of the recent recession, signalling a double-dip in housing after a mild rebound last year, according to widely respected home price index.

Dyax expands partnership with Italian drugmaker
Dyax Corp. has expanded its partnership with an Italian drugmaker to develop a drug used to treat a hereditary disease that can cause dangerous swelling in the throat.

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