Tuesday, June 21, 2011

Daily Business Update from the Boston Globe

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Tue. Jun. 21, 2011

Convention panel OKs expansion
Project would double size of exhibit hall, add large hotel

Emack & Bolio’s unveils ice cream pizza
The Emack & Bolio’s ice cream chain looks to a pioneer a new kind of pizza. Forget pepperoni and tomato sauce. This one builds off such ingredients as brownies, fudge, and a chocolate peace sign.

Spirit Airlines to launch service between Boston and Chicago
Low-cost carrier offers daily nonstop flights to O’Hare

Webster Bank rolls out ad campaign
Webster Bank, which operates roughly 180 bank branches in Southern New England and Westchester County, N.Y., is rolling out a new TV ad campaign that features “real customers and real bankers,” its ad agency said. The ad agency is Kelliher Samets Volk, which has offices in Boston.

Bruins crooner wows Hill Holliday
Boston ad agency Hill Holliday holds an anniversary party where guests are treated to a rendition of the national anthem by Rene Rancourt, whose singing style can be as effervescent as a $100,000 bottle of champagne.

Airlines score low in customer satisfaction
Passengers are more unhappy with airlines than they were a year ago, according to a report released today by the American Customer Satisfaction Index -- the only one of the six sectors in the study that showed a decline.

D’Angelo ads plump lobster nation menu
Boston ad agency Connelly Partners said it has created new TV ads for D’Angelo Grilled Sandwiches to promote the Dedham chain’s seasonal “lobster nation” menu.

Brown: FDA is crushing innovation
US Senator Scott Brown this morning told biotechnology industry leaders that federal regulators are “crushing innovation” and “throwing a wet blanket” over drug development efforts.

Raytheon gets $1.7b contract to upgrade Patriot missile system for Saudi Arabia
Raytheon Co., the Waltham-based defense contractor, said it has received a $1.7 billion contract to upgrade Saudi Arabia’s Patriot Air and Missile Defense System.

Tesaro secures $101m in Series B financing
Tesaro Inc., a privately held oncology-focused biopharmaceutical company in Waltham, said that it has secured $101 million in a Series B financing to advance and expand the company’s cancer product portfolio. Kleiner Perkins Caufield & Byers, a well known Silicon Valley venture capital firm, led the round.

Unemployment benefits cut for some state residents
The state’s declining unemployment rate has triggered a federal provision that shortens the period for when state residents can receive extended unemployment benefits. The roughly 165,000 people receiving regular unemployment benefits will not immediately be affected.

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