Monday, July 18, 2011

Daily Business Update from the Boston Globe

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Mon. Jul. 18, 2011

Hasbro to expand into Providence
PROVIDENCE, R.I.—Hasbro Inc. is expanding into downtown Providence in a project expected to bring 284 jobs over three years and an investment of $24 million in the city.

American Tower to pay $182m for towers in Colombia
American Tower Corp. said it has agreed to pay $182 million for roughly 2,100 towers in Colombia as it looks to improve on its economies of scale in that country.

Vibram sues to protect FiveFingers shoe patent
Vibram S.p.A., an Italian footwear company with a presence in Concord, said it has filed a lawsuit against rival Fila USA that alleges that Fila’s “Skele-toes” footwear infringes on US patents that cover Vibram’s FiveFingers shoes.

Mass. gas prices rise 5 cents a gallon
The average price of gas in Massachusetts rose 5 cents to $3.719 per gallon in the latest weekly AAA survey, AAA Southern New England said.

Thermo Fisher buys testing company
Thermo Fisher Scientific Inc., a Waltham company that sells a broad range of lab equipment and analytical instruments, said it has acquired TREK Diagnostic Systems, a Cleveland company that makes blood culture, micro-organism identification, and other testing products.

Yankee Candle unveils fall line-up
The Yankee Candle Co., a Deerfield firm that specializes in the making and selling of scented candles, announced its fall line-up of new scented candles today.

Hasbro 2nd quarter net income rises
PAWTUCKET, R.I. (AP) -- Hasbro says strong demand for its toys like Transformers action figures and its Beyblade spin-top game helped its second-quarter profit jump 33 percent.

Boston Herald looking to move to South Boston
The Boston Herald is negotiating a deal to move its headquarters to an office building in South Boston’s Seaport District.

Ameresco buys Applied Energy Group
Ameresco Inc., a Framingham-based company that provides energy efficiency services, said it has acquired Applied Energy Group for an undisclosed amount.

Channel 7 anchor Rivera heading to WPIX New York
WHDH-TV (Channel 7) main anchor Frances Rivera, who is leaving Boston’s NBC affiliate after 10 years, will take a job as morning anchor at WPIX-TV (Channel 11) in New York City.

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.

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