Monday, June 6, 2011

Daily Business Update from the Boston Globe

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Mon. Jun. 06, 2011

Bird's Eye plant under agreement
A recently formed company has agreed to buy the historic Birds Eye property on Gloucester's waterfront.

New Balance unveils Heidi Klum sneakers
New Balance unveils a sneaker collection that super model Heidi Klum helped design.

Local gas prices fall 7 cents a gallon
The average price for a gallon of gas in Massachusetts fell by 7 cents in the latest weekly survey of AAA Southern New England. The current average is $3.769 a gallon.

Constellation Pharma raises $15m
Constellation Pharma said it has raised $15 million in Series B financing to move its drug candidates toward clinical development.

MIT's Diamond to withdraw Fed nomination
Nobel laureate and MIT professor Peter Diamond will ask the president to withdraw his nomination to serve on the Federal Reserve's board of governors in face of GOP opposition.

Wegmans to open Burlington store
Wegmans, the New York grocery chain, is planning to build a 140,000 square foot supermarket near the Burlington Mall by the spring of 2013.

DRC to buy High Performance Technologies
Dynamics Research, or DRC, agrees to buy High Performance Technologies, a company in suburban Washington, D.C., that provides services to many of the same markets as DRC.

GT Solar receives $460m order
GT Solar said it's received the largest single order in its history --- a $460.4 million order for furnaces that can be used in the production of light-emitting diodes.

Iron Mountain completes digital asset sale
Iron Mountain completes the previously announced $380 million sale of a major portion of its digital storage business to Autonomy Corp.

Dunkin' revs up for National Donut Day
Today is National Donut Day, and Dunkin' Donuts is celebrating this event with an outburst of promotions and social media contests.

Flextronics to lay off 250 in Mass.
''We are now taking the technical support function in house,'' Murphy said in a statement. ''Our goal is to simplify and improve the customer experience in our company-owned stores by staffing in house with employees whom we hire and train.''

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