Tuesday, July 26, 2011

Daily Business Update from the Boston Globe

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Tue. Jul. 26, 2011

Joule cites progress on its ethanol technology
Joule Unlimited Technologies Inc. said it has been granted two patents related to the company’s work on high-volume ethanol production.

Verizon to offer 4G in Worcester area
Verizon Wireless will bring its 4G network to Worcester and surrounding communities starting Aug. 18.

Fidelity answers questions on debt ceiling debate
Fidelity Investments updates its investors on the implications of political crisis in Washington in its weekly email blast entitled “

Mass. pension fund posts best return in 25 years
The Massachusetts state pension fund posted a 22.3 percent gain for the fiscal year that ended June 30, its best return in 25 years, Treasurer Steven Grossman said.

Vertex founder Boger endorses Senate challenger Massie
Bob Massie, the Somerville Democratic activist seeking to challenge US Senator Scott Brown for reelection next year, is announcing today the endorsement of Vertex Pharmaceuticals Inc. founder Joshua Boger.

Are you ready for football? Foxborough is
If the NFL labor impasse was not resolved and the season was canceled, an estimated $160 million would have been lost in each NFL city, along with 3,000 jobs, the NFL Players Association said.

Mass. single-family home sales post worst June in two decades
The sales of Massachusetts single-family homes dropped 23.5 percent in June to 4,313 homes, the lowest level for June since June 1991, the Warren Group reported today. On a year-to-year basis, it was the fifth straight month of double-digit percentage decreases, said the Warren Group, a Boston firm that collects real estate data.

Uncertainty over federal debt creates worries for Mass. business, economy
Some business delaying expansion, hiring plans as they await outcome of political crisis in Washington, analysts say

BID-Needham appoints new CEO
Beth Israel Deaconess Hospital-Needham trustees announced today that they have appointed John M. Fogarty to be president and CEO.

Coakley steps up foreclosure investigation
Massachusetts Attorney General Martha Coakley is beefing up her investigation into foreclosure fraud, targeting a powerful lender-created company based in Virginia that claims to be the official owner of tens of millions of mortgages nationwide.

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.

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