Fri. Aug. 19, 2011 Yankee Group: Texting surges in Europe
Text-messaging is now the preferred method of communication by smartphone users in Europe, with texting topping voice communications, according to a new report by Yankee Group. Bruins tap Arnold for ad campaign
Arnold Worldwide said today that it has been named the ad agency of record for the 2011 Stanley Cup Champion Boston Bruins. Boston-based Arnold said that it will be launching an integrated marketing campaign that includes digital, TV, and print ads for the start of the upcoming National Hockey League season. Bank of America cuts 3,500 jobs
Bank of America, the largest bank both nationwide and in Massachusetts, said it plans to cut 3,500 jobs companywide in the current quarter, more than 1 percent of its worldwide workforce, as the struggling bank tries to cut expenses and boost its bottom line. New stores are coming to Northshore Mall
Just in time for the back-to-school shopping season, officials at Northshore Mall in Peabody said they are adding several new stores to the shopping center’s line-up of roughly 120 stores. New stores include Cohen’s Fashion Optical, Jamba Juice, Armani Exchange, Old Time Sports, and Marbles: The Brain Store. Philips Electronics renews Tewksbury lease
Three tenants, including Philips Electronics North America Corp., have renewed their leases at the 495 Business Center in Tewksbury, said a broker involved in the transactions; collectively, the lease renewals represent about 120,000 square feet of space. Also renewing leases were CompuCom Systems Inc. and Sonexis Technology Inc., said the broker, Newmark Knight Frank. The landlord is Capital Commercial Investments Inc. McCourt wins bid vs. Boston law firm
Bingham McCutchen has sought to be held harmless in mixup in marriage agreement that resulted in Frank McCourt losing half of the Los Angeles Dodgers to his wife during divorce proceedings 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. | 
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