Friday, July 15, 2011

Daily Business Update from the Boston Globe

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Fri. Jul. 15, 2011

Revolution games will be telecast in Spanish
Comcast SportsNet and Telemundo are teaming up to provide viewers coverage of New England Revolution soccer games in Spanish.

The perfect supermarket cereal aisle?
Affinnova Inc. uses techniques initially developed for genetic research to help consumer brands such as Post Foods to improve cereal sales. The two MIT PhDs who founded Affinnova have substantially modified life sciences research algorithms so they can be used to help a brand like Post sell more Grape-Nuts and Shredded Wheat.

Energid develops robot for inspecting nuclear power plants
Energid Technologies Corp. of Cambridge said it has developed a next-generation robot prototype to inspect nuclear power plants as part of an agreement with Mitsubishi Heavy Industries Ltd. of Japan.

Upromise expands merchant network
Upromise, the college-savings program headquartered in Newton, said it has greatly expanded its network of merchants where members can make purchases.

Arnold airs a new TV ad for Jack Daniel’s
Boston ad agency Arnold Worldwide has a new campaign up and running for Jack Daniel’s, the Tennessee whiskey brand.

Health care industry workers protest potential federal spending cuts
Sstate health care workers and executives gathered on Beacon Hill today to protest anticipated federal funding cuts

Nuance buys Webmedx
Nuance Communications Inc., a Burlington company known for such speech recognition products as Dragon Naturally Speaking, said it has bought Webmedx, an Atlanta company specializing in medical transcription services.

Walgreens to pay $2.8m to resolve allegations of overcharging
Walgreen Co., a chain of more than 7,700 pharmacies, has agreed to pay $2.8 million to the state and to 75 Massachusetts cities and towns to resolve allegations that it overcharged public entities for prescription drugs, the office of Massachusetts Attorney General Martha Coakley said today.

EMD Serono has a permanent president
EMD Serono Inc., a biopharmaceutical company with operations in Rockland, said that interim president James Hoyes has been permanently appointed to that post.

Five more years of Matty on Kiss 108
Matt Siegel, host of the “Matty in the Morning” radio show on Kiss 108 FM, has signed a five year extension to his contract, Kiss 108 FM owner Clear Channel Radio said today.

Verastem raises $32 million
Verastem Inc., a Cambridge start-up seeking to develop treatments against cancer stem cells, said today that it has raised $32 million through a Series B financing.

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