Wed. Aug. 03, 2011 Optaros appoints new CEO
Optaros, a Boston company that provides e-commerce services to such retailers as Macy’s and Rue La La, said that Robert Willms has been appointed as its president and chief executive. Founder and former chief executive Bob Gett will remain on the Optaros board as chairman. Intercontinental Real Estate inks big NJ development deal
Boston’s Intercontinental Real Estate Corp. has inked a $215 million development deal in New Jersey, where it will renovate an outdated office complex into the new US headquarters of Danish drug maker Novo Nordisk. The deal is the biggest commercial real estate transaction in New Jersey this year and adds to steadily building momentum in the US property market. Wells Fargo and Sovereign Bank are providing financing for the deal. Capital Grille to open new location Aug. 24
The Capital Grille of Boston, a restaurant located on Newbury Street, will open in its new space at the John B. Hynes Convention Veterans Memorial Center location on Aug. 24. The new site on the corner of Boylston and Dalton streets is nearly double the size of the old location. With 10,000 square feet of space, the new location has a capacity for 315 people. Dassault software used in DARPA contest to design military vehicle
Dassault Systèmes, a French product design software firm with operations in Lowell and Concord, said it provided software for a recent competition to come up with new blueprints for a small military vehicle. The competition was organized by the Defense Advanced Research Projects Agency. Looking for outside perspective on military vehicle design as well as a way to accelerate the design process, DARPA turned to Local Motors, a company that uses crowd-sourcing as a way to collaborate on new vehicle designs. Rue La La is expanding Rue Local to SF, Miami, and Chicago
Rue La La, a Boston company in the highly competitive flash-sale category, said it will soon be launching city-specific Rue Local platforms for San Francisco, Miami, and Chicago. Rue La La is an invitation-only, sample-sale website that offers daily discounts on designer labels. Members who sign up get access to a curated selection of merchandise in such categories such as fashion, home, beauty, and travel. Local analyst raps AT&T/T Mobile merger
Boston-based technology research firm Yankee Group said that Boston cell phone users could see their bills rise by up to $5 a month if the Federal Communications Commission approves AT&T Inc.’s proposed $39 billion acquisition of cellphone company T Mobile USA. Acceleron expands Celgene collaboration
Acceleron Pharma Inc. and Celgene Corp. said today that they have entered into a joint development and commercialization agreement for a potential anemia treatment called ACE-536. As part of the agreement, New Jersey-based Celgene will make an upfront payment of $25 million to Acceleron, which is headquartered in Cambridge. Acceleron is eligible to receive development, regulatory, and commercial milestones of up to $217 million for the ACE-536 program. Amag receives unsolicited acquisition offer
Shares of Amag Pharmaceuticals jumped today in premarket trading, after the drugmaker said it received an unsolicited buyout offer worth $381 million from MSMB Capital Management. Amag, based in Lexington, said MSMB proposed to buy all of its outstanding stock for $18 per share in cash. That represents a 25-percent premium over the stock’s closing price Tuesday of $14.39. 2Q profits down a bit at Dunkin’ Brands
Dunkin’ Brands Group Inc., the Canton-based parent company of the Dunkin’ Donuts and Baskin-Robbins chains, said its second-quarter net income was $17.2 million compared with $17.3 million for the second quarter of 2010. Global system-wide sales for the second quarter rose 6.9 percent from a year ago, the company said in a press release. And same-store sales, an important retail metric that measures sales at stores open at least a year, was up 3.2 percent at the company’s US stores. Stocks fall again on economic worries
The stock market plummeted yesterday on growing worries about about the ailing US economy, despite the fact that President Obama signed legislation to raise the debt ceiling and avert a potentially disastrous default on the country’s debt. IPG Photonics’ profit almost triples in 2Q
IPG Photonics Corp. said that its profit almost tripled in the second quarter as revenue surged on increased demand for its laser technology. Its results beat Wall Street’s expectations, and its shares rose more than 4 percent. The Oxford company, which makes lasers for a variety of applications, reported net income of $30.7 million, or 63 cents a share, for the three months ended June 30, up from $10.3 million, or 22 cents a share, a year ago. | 
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