Thursday, June 23, 2011

Daily Business Update from the Boston Globe

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Thu. Jun. 23, 2011

Salem Upper Crust hit with $80,000 fine
The US Department of Labor today said it has fined an Upper Crust restaurant in Salem for violating federal overtime and record keeping laws.

Dunkin’ teams up with Captain America, unveils star-shaped donut
The company that operates the Dunkin’ Donuts and Baskin-Robbins chains unveiled its first-ever partnership with a motion picture studio, and one result will be a Captain America-themed cherry-flavored Coolata drink and an array of super-hero inspired ice cream flavors.

Walmart donations target summer services for Boston kids
Giant retailer Wal-Mart Stores Inc. said it will join its foundation in donating $25 million nationwide to help support programs that help expand nutrition, learning, and employment services for elementary, middle, and high school students during the summer months.

Foley Hoag opens Paris office
Foley Hoag LLP said it is opening an office in Paris, the Boston law firm’s first international office.

Spaulding ad campaign is up and running
Forge worldwide, a Boston branding agency, said it has created a new brand awareness campaign for Spaulding Rehabilitation Network and Partners HealthCare at Home.

FDA fast-tracks Repligen drug candidate
Repligen Corp., a Waltham biopharmaceutical company, said today that the US Food and Drug Administration has granted Fast Track status to its potential treatment for spinal muscular atrophy.

Nantucket man faces 41 months in prison for stealing income tax refunds
A citizen of Belarus living in Nantucket was sentenced to more than three years in prison for his role in a “phishing” scheme to steal federal federal income tax refunds.

Mass. man gets 5 years in $1.3m Ocean Spray theft
A Massachusetts man who stole more than $1 million from Ocean Spray Cranberries, then faked his own disappearance in California, was sentenced to five years in prison today after a company representative called him ‘‘callous’’ and ‘‘evil’’ for stealing from struggling cranberry growers.

AAA unit pays $74K state fine for mortgage missteps
In legal settlement, AAA Southern New England subsidiary acknowledges it used unlicensed mortgage brokers to handle home loans in Massachusetts.

Square appoints Summers to its board
Lawrence Summers, a former president of Harvard University and a former Secretary of the Treasury who is now a Harvard professor, has been appointed to the board of directors of Square, San Francisco-based Square said today.

Wilmington wins July 4 grant from Liberty Mutual
Liberty Mutual, the local insurance giant known for sponsoring the Boston Pops concert on the Fourth of July, announced the winners of its Fourth of July grants. Under the program, 10 communities get grants to help preserve their traditiona Fourth of July parades and fireworks displays.

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