Wednesday, June 15, 2011

Daily Business Update from the Boston Globe

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Wed. Jun. 15, 2011

Weston is priciest housing market in Mass.
Weston has the most expensive housing market in Massachusetts, according to a new survey from Coldwell Banker that rates 88 residential real estate markets in the Bay State. The most affordable market? Springfield.

New stores are coming to Copley Place
Four new stores are opening at Copley Place, the upscale shopping center in Boston's Back Bay neighborhood.

Expanded convention center would be economic boom, state authority says
An expanded convention center in Boston could pump $222 million a year into the economy, bring in 186,000 visitors, and create as many as 3,900 construction jobs and support 2,300 permanent jobs, according to the Massachusetts Convention Center Authority.

Barbecues run on Dunkin'
Just in time for Father's Day and the summer grilling season, Dunkin' Donuts is offering tips on how its coffee can be incorporated into outdoor barbecue recipes.

Metro Boston posts a 2.7% inflation rise
An inflation index rose 2.7 percent for the urban area anchored by Boston, compared with a national increase of 3.6 percent, the US Bureau of Labor Statistics reported today.

Kiva launches robot rental program
Kiva Systems, a North Reading company that specializes in mobile robots designed to perform order fulfillment tasks at warehouses and distribution centers, said it is launching a robot rental program.

ImmunoGen earns $2m milestone payment
Cancer drug developer ImmunoGen Inc. said that it has earned a $2 million milestone payment after its partner in a licensing agreement, Bayer HealthCare Pharmaceuticals, submitted an investigational new drug application.

Aveo Pharma starts public offering of stock
Aveo Pharmaceuticals Inc. said it has begun a public offering of stock but didn't specify how many shares it is selling. The company announced the offering Tuesday. Shares of Aveo have tripled in value over the last year.

Developer: Stop & Shop withdraws from project
Trinity Financial, a Boston developer, said that Stop & Shop has withdrawn from a mixed-use project it plans for the northern end of the Rose Fitzgerald Kennedy Greenway. Trinity said it continues to look for a supermarket operator to anchor its project.

FiOS TV offers instant access to music videos
Verizon unveils a new feature that gives its FiOS TV customers instant access to a library of music videos. Verizon has teamed up with a company called Music Choice to provide the service.

Sanofi putting its stamp on Genzyme
Genzyme Corp.'s new owner, French drugmaker Sanofi SA, has created a new Sanofi Boston R&D Hub to coordinate drug discovery programs between the two operation

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