Thu. Aug. 18, 2011 E Ink signs Billerica lease
E Ink Corp., the Cambridge company that makes electronic display screens that simulate the look of ink on paper, has signed a lease to occupy nearly 140,000 square feet of space in Billerica, said a broker involved in the transaction. The broker is Colliers International, which represented E Ink in lease negotiations with the Gutierrez Co., the landlord of the Billerica property. E Ink’s display screen are used in the likes of the Kindle, the popular e-reader from Amazon.com. Casual Male 2Q profit rises 17%
Casual Male Retail Group Inc. said today that second-quarter net income increased 17 percent to $6.6 million as the men’s clothing chain benefited from lower rents and higher merchandise sales. The Canton retailer said net income was 14 cents per share for the three months ended July 30. That compares with $5.6 million, or 12 cents per share, for the same part of last year. Revenue increased 3.8 percent to $100.9 million in the period. Spire gets patent on device that could kill cancer cells
Spire Corp., a Bedford company that capital equipment for the production of solar panels and other solar products, said it has been awarded a patent for a nanophotovoltaic device that has the potential to control the growth of cancer cells. Fidelity to investors: Stay the course
Fidelity Investments issued a report this morning that offered data to support its contention that it’s unwise for investors with 401(k) plans to bail out of the stock market during volatile times such as these. Examining how participants in the retirement plans it manages reacted to the market decline of 2008 and 2009, Fidelity noted that people who changed their equity allocations to zero during that period saw only meager gains in their accounts through June 30. On the flip side, participants who stayed the course posted nice gains. Mass. unemployment rate remains at 7.6%
Massachusetts continues to outperform the nation in job growth, adding nearly 13,000 jobs last month, the Executive Office of Labor and Workforce Development reported this morning. The state’s unemployment rate held steady in July at 7.6 percent, well below the national rate of 9.1 percent in July. Rockport event to twin a woman’s guilty pleasures: Chocolates and shoe-shopping
Rockport plans to showcase part of its new fall footwear line at an event next month at a chi-chi New York candy store. Dylan’s Candy Bar is where the Big Apple fashion crowd goes to satisfy its chocolate craving, and Rockport figures it’s the perfect venue to alert these trendsetters that a brand known for its comfort shoes has gotten a big infusion of fashion DNA. WHDH launches 9 a.m. newscast
WHDH-TV (Channel 7) is expanding its morning program with a new 9 a.m. newscast beginning Aug. 22 Christian Science Plaza redevelopment gets city OK
Boston officials have approved plans for a sweeping redevelopment of the Christian Science Plaza that will eventually result in construction of three new towers on the property and reconstruction of the reflecting pool and surrounding gathering places. The approval is the first step in reinventing the roughly 15-acre plaza, which is a wide open expanse at the intersection of the city’s South End and Back Bay neighborhoods. Local community banks to get $18m under small business loan program
Mercantile Capital Corp., a community bank based in Boston, is in line to receive $7 million under a federal program that aims to stimulate loans to small businesses, the US Department of the Treasury said today. Other Bay State community banks that will receive funding under the program include Island Bancorp Inc. of Edgartown, New England Bancorp Inc. of Hyannis, and Rockport National Bancorp Inc. Collectively, the four banks are set to receive $18 million. JetBlue offering more unlimited flight passes
JetBlue is offering more of its new unlimited flight pass from Boston after the original batch sold out in just one week. The pass costs $1,999 and is one of three options the New York airline offered last month for three months of unlimited travel starting Monday. Eaton Vance fiscal 3Q profit surges 63%
Investment manager Eaton Vance Corp.’s fiscal third-quarter earnings jumped 63 percent, topping Wall Street’s estimate, as revenue from investment advisory and administration fees surged. Eaton Vance said that net income was $68.1 million, or 55 cents per share, for the three months ended July 31. That was up from $41.8 million, or 34 cents per share, in the same quarter a year ago. | 
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