Fri. Sep. 02, 2011 Kettle Cuisine looks to expand
Kettle Cuisine Inc., a Chelsea company specializing in refrigerated and frozen soups for both consumers and food service companies, said that it is looking to expand following a recent investment by Arlon Capital Partners of New York. Privately held Kettle Cuisine said the amount of Arlon’s investment is not being disclosed. At a time when sales for canned soups are declining, the company thinks it has an opportunity to capitalize on trends that have consumers gravitating toward products that offer fresher ingredients. Fewer than 26,000 without power in Mass.
About 26,000 Massachusetts electric customers are still without power after Tropical Storm Irene. National Grid reported today that nearly 22,000 of its customers are still without electricity. NStar says less than 4,000 of the homes and businesses it services are powerless today. About 500,000 customers statewide lost power during when Irene hit last Sunday. Six Flags is adding another roller coaster
Six Flags New England has disclosed plans to bring to its theme park in Agawam a roller coaster called Goliath, featuring a vertical 18-story drop and 102-foot-high vertical loop. Goliath, which is designed to attain free-fall reaching speeds of 65 miles per hour, is scheduled to make its Agawam debut in late spring 2012. According to Six Flags, its New England facility is already home to the largest collection of roller coasters in the Northeast Deadline for mortgage help extended
Financially-stressed homeowners who feared they had missed the deadline to apply for mortgage help through a federal no-interest loan program now have two more weeks to submit applications, housing officials say. Pfizer signs lease with MIT for research space
Giant drug maker Pfizer Inc. has signed a lease with the Massachusetts Institute of Technology to locate several research units in Kendall Square, a move projected to bring 400 new research jobs to Cambridge. Plans call for Pfizer to relocate research units at a new building under development at 610 Main St. South. The lease with MIT is for more than 180,000 square feet of space. Pfizer is relocating some of its research operations to the Boston area from southeastern Connecticut. Irene helps lift BJ’s August sales
Hurricane Irene helped lift the August sales of BJ’s Wholesale Club Inc. as consumers stocked up on supplies in days leading up to the storm, the Westborough-based chain of 190 warehouse clubs said today. At stores open at least a year --- a closely watched metric in the retail industry --- BJ’s said August sales rose 11.5 percent. Irene had a positive impact on merchandise same-store sales of about 2.5 to 3 percent. Dunkin’ looks to jolt Foxborough folks without power with free joe
Dunkin’ Donuts said it is dispatching one of its sampling vehicles to Foxborough to give away free hot and iced coffee to morning commuters who have experienced power outages this week. Why Foxborough? Dunkin’ said that yesterday it asked its Twitter followers to tweet local towns that are still without power following Sunday’s storm. After reviewing those tweets, Dunkin’ decided that Foxborough was in desperate need of free joe. 45,000 in Mass. still without power
National Grid and NStar, the state’s two largest utilities, said that about 45,000 of their Massachusetts customers are still without power. National Grid said that at 3:44 p.m., just over 36,000 of its customers still lacked electricity, down from 70,000 last evening and down from 500,000 on Sunday when Tropical Storm Irene struck Massachusetts. As of 4 p.m., there were 9,500 NStar customers in Massachusetts still without power. Since the start of the storm, NStar said it has restored electricity to roughly 300,000 customers. Language firm taps former acting governor Swift as CEO
Jane Swift, the acting governor of Massachusetts from 2001 to 2003, has been appointed chief executive of Middlebury Interactive Languages, a Vermont company that provides language instruction for students from kindergarten through high school, the company said. According to its press release, the year-old company is a joint venture between Middlebury College and K12 Inc., a provider of curriculum and online education products. Headquartered in Middlebury, Vt., Middlebury Interactive Languages sells products and services to both consumers and schools. Two Mass. banks get $23m from US
Central Bancorp Inc. of Somerville and Leader Bancorp Inc. of Arlington have received a total of $22.9 million as part of a US Treasury program to increase small business lending, the US Department of the Treasury said today. All told, six Massachusetts banks have received funding under this federal program. Several congressional Republicans have derided the program as a government bailout. In some cases, banks have used money from the program to repay earlier federal aid they received on more favorable terms. July foreclosure starts hit highest level of 2011
More than 1,400 foreclosure proceedings were started in Massachusetts in July, the highest monthly number so far in 2011 and the highest number of monthly starts since September, the Warren Group reported this morning. Foreclosure petitions are an early step in the foreclosure process. There were 775 actual foreclosures in Massachusetts in July, down 38 percent from July 2010. Real estate specialists have said that the year-to-year falloff can be largely attributed to lenders pulling back on foreclosures, not an improving economy, and many expect the number of foreclosures to soon start increasing. | 
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