Monday, July 25, 2011

Daily Business Update from the Boston Globe

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Mon. Jul. 25, 2011

Are you ready for some football? Foxborough is
Foxborough businesses welcome the return of the football season. One hotel owner began booking rooms from season ticket holders, another put up a sign to welcome back the Pats.

Time for its IPO: Dunkin’ to launch public offering this week
Dunkin’ Brands Group will launch an initial public offering of stock this week in hopes of raising as much as $401 million.

Biogen gets conditional approval in Europe for MS drug
Biogen Idec said today it received conditional regulatory approval in Europe to market its drug Fampyra, a treatment to improve walking in patients with multiple sclerosis, a disease in which the body attacks the brain and spinal cord.

Massachusetts gas prices rise for third straight week
Gasoline prices in Massachusetts have risen for a third straight week.

Massachusetts shoppers could enjoy another tax holiday
Shoppers could be enjoying another Massachusetts sales tax holiday this summer.

HUD extends deadline for troubled homeowners to apply for no-interest loan
Troubled homeowners hoping to apply for mortgage help through a federal no-interest loan program will have a few more days to fill out paperwork because the US Department of Housing and Urban Development extended the deadline until midnight Wednesday.

Borders begins liquidation sales
Borders Group Inc. began liquidation sales at all of its 399 stores nationwide today, including the 14 remaining Borders locations in Massachusetts.

Mass. trade office has new director
Ken Brown has been appointed as the new executive director of the Massachusetts Office of International Trade and Investment, Secretary of Housing and Economic Development Greg Bialecki said today.

Logan has best June ever
Nearly 2.7 million passengers traveled in and out of Logan International Airport in June, topping the all-time June high in 2007, the year that a record 28.1 million passed through the airport.

Need the right wine for a locavore meal? How about a Shrewsbury merlot?
Production and sales are up at Massachusetts wineries, according to a state agency’s report. As a result, local wine lovers don’t need to roam far in their search for a perfect vin ordinaire. They can find one right here in the Bay State.

Lowell hospital sold to for-profit group
The board of trustees at Saints Medical Center in Lowell has agreed to a $98 million acquisition by Steward Health Care LLC in a deal that immediately infuses cash and confidence into the financially ailing hospital.

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