Monday, August 22, 2011

Daily Business Update from the Boston Globe

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Mon. Aug. 22, 2011

Construction will begin soon on solar installation project in Westford
A $23 million solar installation off Route 3 in Westford capable of powering more than 600 homes will be built, financed, and operated by a team of Massachusetts firms. Cathartes Private Investments, a Boston development company, is partnering with Nexamp, a North Andover-based solar developer, and will begin constructing the 4.5-megawatt project on 22 acres of industrial land sometime this fall.

Smith & Wollensky moves HQ to the Hub
The steakhouse Smith & Wollensky has moved its corporate headquarters to Boston from Las Vegas, becoming the latest in a string of companies to move into the city.

Allen & Gerritsen moving to Seaport District
Allen & Gerritsen, one of the bigger ad firms in the Boston market, is moving to the city’s Seaport District.

BAE Systems marks thermal weapon sight milestone
BAE Systems, a global defense company with operations in Lexington, said it delivered its 100,000th thermal weapon sight to the US Army in support of military operations in Iraq and Afghanistan.

Local gas falls 2 cents a gallon
The average price for gas in Massachusetts was $3.649 a gallon in the latest weekly AAA survey, down 2 cents a gallon from the previous week’s average, AAA Southern New England said today.

IRobot receives $21m Navy order
Bedford’s iRobot Corp. said it has received a $21 million order from the Naval Sea Systems Command for the delivery of more that 100 robots that can perform bomb-disposal operations and other dangerous missions.

Vertex receives Canadian OK for Incivek
Vertex Pharmaceuticals Inc. said today that Canadian regulators have approved its hepatitis C drug Incivek for use in combination with other treatments in people who have the disease and a damaged but still-functioning liver.

Ameresco buys Arizona firm
Ameresco Inc., the Framingham company that designs and installs measures that are meant to cut energy and maintenance costs for its customers, said that it has acquired APS Energy Services Co. of Arizona as it looks to expand its presence in the Southwest.

Unions agree to end strike without new contract with Verizon
The Communications Workers of America and International Brotherhood of Electrical Workers agreed today to end one of the largest strikes in a decade without winning a new contract agreement, and send their 45,000 members back to work at Verizon Communications Inc. nearly two weeks after walking off the job.

Court says Verizon strikers can’t block access
But union says it is pleased that a three-judge panel in Suffolk Superior Court rejected other limits on picketing that Verizon had sought.

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.

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