Wednesday, August 24, 2011

Daily Business Update from the Boston Globe

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Wed. Aug. 24, 2011

Sunovion announces new chief executive
Sunovion Pharmaceuticals Inc., the Marlborough company that recently changed its name from Sepracor Inc., said it has promoted Mark Iwicki to the post of chief executive. Iwicki was previously president and chief operating officer; he now holds the titles of president and chief executive.

Clear Channel billboards support Hub campaign to stop underage drinking
Clear Channel Outdoor said it is donating the use of more than 50 billboards throughout Boston to support a city campaign to stop underage access to alcohol during the back-to-school period. As part of the “We Don’t Serve Teens” marketing initiative, the billboards will carry a message in both English and Spanish that says: “The City of Boston reminds you:  The legal drinking age is 21.  Thank you for not providing alcohol to teens.” 

Google agrees to forfeit $500m in Canadian drug ad case
Search-engine giant Google Inc. has agreed to forfeit $500 million for improperly allowing online Canadian pharmacies to use Google advertising services to target US consumers, the US Department of Justice said today. At a news conference this morning at the US attorney’s office in Providence, Justice Department officials said that the forfeiture is one of the largest in US history; the amount partly represents the revenues that Google received as a result of Canadian pharmacies advertising on AdWords, a Google advertising service.

Brightcove files for IPO
Brightcove Inc., a Cambridge company that publishes and manages advertising in videos on the Web, said it has filed for an initial public offering of its stock, or an IPO. The company, which is moving to Boston, said it has filed a registration statement on Form S-1 with the Securities and Exchange Commission in connection with a proposed initial public offering of its common stock.

AIRINC cited for providing top employee benefits
Associates for International Research, a Cambridge consulting firm that refers to itself as AIRINC, said it has been honored for its commitment to providing top health and retirement benefits to its employees at a time when many companies are reacting to the tough economy by implementing cost-cutting measures that include cuts in benefits.

China eclipses US as largest PC market
During the second quarter, China accounted for 22 percent of the number of personal computers shipped worldwide, compared with 21 percent for the United States, according to a new report from the International Data Corp., a market intelligence firm based in Framingham.

Akamai: Traffic to media websites surged on earthquake news
Traffic to news websites serviced by Akamai Technologies Inc. surged 25 percent above normal levels shortly after media outlets began issuing reports that an earthquake centered in Virginia had shaken the Eastern Seaboard, Cambridge-based Akamai said today.

New Facebook game allows Sims to run on Dunkin’ joe
Dunkin’ Donuts and Electronic Arts Inc. are collaborating on a version of EA’s Sims Social Facebook game that will allow Sims to “enjoy Dunkin’ Donuts menu items within the game.” For the Canton-based coffee-and-baked goods chain, this is another marketing effort to bond with its customers.

State Street, Stop & Shop gear up for ‘healthy packs’ initiative
State Street Corp., the Boston financial services company, and the Stop & Shop Supermarket Co. said they are part of a group that plans to distribute 2,000 bags of healthful snack options to children in need in Greater Boston.

Springfield approves tough anti-foreclosure laws
The Springfield City Council has passed what advocates are calling the toughest municipal anti-foreclosure legislation in the country. The council voted unanimously to approve an ordinance that requires mortgage lenders to engage in mediation with homeowners facing foreclosure, or face a $300 per day fine.

Would you bring your iPad into the loo?
The emergence of tablet computers such as iPad have taken multi-tasking to a whole new level, a new survey from Staples Inc.’s business-to-business division finds. According to the survey, 35 percent of respondents admitted to using a tablet while in the bathroom. Tablets truly make the workforce more productive, the survey finds.

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