Friday, July 8, 2011

Daily Business Update from the Boston Globe

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Fri. Jul. 08, 2011

Union worries about job losses in NStar merger
Utility Workers Union of America Local 369 raises concerns that the proposed merger between NStar and Northeast Utilities merger could cost its members jobs.

Hancock survey: Investor confidence down a bit
A new investor confidence index from John Hancock Financial found that confidence fell slightly in the second quarter, but that investors remain optimistic. John Hancock launched the quarterly index earlier this year.

Qualtre gains $10m in funding
Qualtre Inc. said its investors kicked in an additional $10 million in capital after the Marlborough company successfully demonstrated a new gyroscope that improves motion-sensing for platforms such as tablet computers and smart TV remote controls.

Staples gears up for back-to-school
Back-to-school is a key season for Staples Inc., the Framingham-based office supply giant. Whether a student needs pencils and notebooks --- or a tablet computer and an e-reader --- the company said its stores offer one-stop shopping for the student who wishes to be trendily accessorized with the coolest school gear.

Study: Burgers are enjoying a resurgence
A new study finds that restaurant burger consumption is up sharply as budget-conscious diners gravitate toward value menus, which just so happen to prominently feature the burger.

PJA launches Limelight ad campaign
PJA Advertising + Marketing of Boston said it has launched an interactive ad campaign for Limelight Networks Inc., an Internet content delivery company that sometimes competes with Akamai Technologies Inc. of Cambridge.

Edwards Angell in merger talks
Boston-based law firm Edwards Angell Palmer & Dodge LLP said today it is in advanced discussions towards a potential merger with Chicago law firm Wildman, Harrold, Allen & Dixon LLP.

Scan Stop & Shop groceries on your iPhone
The Stop & Shop Supermarket Co. said today that it is starting the roll out of a new free app that allows customers to use their iPhones to scan their groceries. According to the Quincy-based chain, it is the first US supermarket company to conduct such a pilot program.

Jobless homeowners get a reprieve
Tens of thousands of unemployed US homeowners, including many in Massachusetts, could benefit from a new federal policy that will let them stop making mortgage payments for a year.

Salem Five to take over Stoneham Savings
Salem Five strikes a deal to take over troubled Stoneham Savings Bank, which struggled with with millions of dollars in deliquent real estate development loans.

New stores coming to Burlington Mall
New stores coming to Burlington Mall include LittleMissMatched, Swim ‘N Sport, and Spike’s Junkyard Dog and Stack-a-Burger.

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