Thursday, June 2, 2011

Daily Business Update from the Boston Globe

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Thu. Jun. 02, 2011

FST is opening a Hyannis office
Fay, Spofford & Thorndike LLC, the Burlington-based engineering firm responsible for the original design of the Sagamore and Bourne bridges, said it is opening a new office in Hyannis.

iRobot lands $14.1m Navy order
Bedford's iRobot Corp. said it has received a $14.1 million order from the Naval Systems Command. The order is part of a larger contract for battlefield robots.

Biogen shareholders back annual 'say on pay'
Stockowners at Biogen Idec Inc.'s annual meeting okayed a measure that will allow them to take yearly advisory votes on executive compensation.

Stein Mart taps Arnold's NY office
Boston ad agency Arnold Worldwide said its New York office has been tapped to launch an integrated marketing campaign for Stein Mart, a retailer known for apparel and home goods.

Staples Europe announces exec changes
Office supply giant Staples Inc. announced new appointment for two executives in its European division. The executives are Amee Chande and Andrew Gabriel.

TJX same-store sales up 2% in May
Retailer TJX reported today that same-store sales for the month of May were up 2 percent despite unseasonably cold and wet weather in the Northeast.

Comcast unveils online security feature
Comcast said it is unveiling an online security application for its Xfinity Internet customers. The application is called the Constant Guard Protection Suite.

CSN Stores moves up in retail rankings
CSN Stores is now the world's second largest online retailer.

Kerry: 20% down payments too much
US Senator John F. Kerry today urged financial and housing leaders to reconsider a proposal that would require qualified homebuyers to make down down payments of at least 20 percent to obtain a low-interest mortgage.

Menino wants more venture-backed
Mayor said new companies, solar-power initiative would further development of the South Boston waterfront.

Conn. refuses review of utilities deal
Connecticut regulators decline to review Northeast Utilities' proposed $4.81 billion purchase of NStar.

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