Mon. Oct. 03, 2011 Unemployment benefits set to rise for some new claimants in Massachusetts
The maximum weekly benefit rate for new unemployment claims filed on or after Oct. 2 will increase from the current rate of $625 to $653, a change that could affect roughly 20 percent of new claimants filing for assistance, the state’s Executive Office of Labor and Workforce Development said today. Under Massachusetts law, the maximum benefit rate is adjusted once a year based on a formula that takes into account the state’s average weekly wage. That average is up. Survival data for device pumps up HeartWare
HeartWare International Inc. said a follow-up study of its implantable heart device confirmed a high survival rate for patients with late-stage heart failure. Shares of the Massachusetts medical device maker rose in afternoon trading. The implantable pump is designed to assist the heart in moving blood through the body and is intended to be a bridge to a heart transplant for patients with end-stage heart failure. Mass. gas prices fall a dime a gallon
The average price of gas in Massachusetts was $3.459 a gallon in the latest AAA weekly survey, down 10 cents from the previous week’s average, AAA Southern New England said. The state average has fallen 20 cents a gallon over the last three weeks. The current national average is $3.41. A year ago at this time, the Massachusetts average was $2.63 a gallon. AAA surveys focus on prices for self-serve, regular unleaded gas. Mass. cranberry harvest expected to be good
Massachusetts cranberry farmers are expecting a robust crop this fall. Hilary Sandler, a cranberry specialist at the UMass Cranberry Station in Wareham, tells the Cape Cod Times that growing conditions this summer were optimal, with enough hot days interspersed with the right amount of rain. Sandler says experts are predicting a harvest of 2.1 million barrels. Massachusetts’ projected harvest amounts to an 11 percent increase over last year’s. iRobot receives $11m Army order
Bedford’s iRobot Corp. has received an $11 million order from the US Army Contracting Command for 70 of its battlefield robots and spares. The order is for the SUGV robots, which are smaller and lighter versions of the iRobot PackBot, which can perform such missions as detecting hidden explosives on a battlefield. The order is the first under a two-year requirements contract. To date, iRobot has delivered more than 4,000 tactical mobile robots to military and civil defense forces. Uno Dué Go set to open in downtown Boston
Uno Restaurant Holdings Corp., a Boston-based chain of 150 company-owned and franchised restaurants, will open the flagship location of Uno Dué Go, its fast-casual café concept, in Boston later this month. Menu selections include the prosciutto-fig-and-cheddar sourdough bread panini, the Tum Yum chopped vegetable salad, and the vegetarian black bean burger wrap. The opening follows the recent news that a Texas franchisee is looking to open 30 new Uno Dué Go locations, the largest franchise deal in Uno’s history. Coakley asks federal regulators to reduce region’s electric bills by $113 million
Backed by officials in several other states, Massachusetts Attorney General Martha Coakley Arrests made during downtown protest against home foreclosures
Police have made multiple arrests during an anti-foreclosure protest outside against Bank of America Corp.’s downtown Boston headquarters, according to initial reports. Steward finalizes purchases of Morton, Quincy Medical Center hospitals
Steward Health Care System today said it has completed the buyouts of Quincy Medical Center and Morton Hospital in Taunton, boosting its network of community hospitals to 10. Netezza CEO Baum out at IBM, on to new ‘non-competitive’ venture
Former Netezza chief executive Jim Baum has left IBM, Xconomy has learned. Baum was the chief executive of Marlborough-based Netezza since early 2009 and oversaw the “big data” analytics company’s $1.7 billion acquisition by IBM almost exactly a year ago. Baum was not reachable for comment, but a spokesperson for IBM confirmed that he left the company a few weeks ago. Netezza’s website no longer lists Baum on its executive team page. BJ’s Wholesale Club buyout completed
Private equity firms Leonard Green & Partners and CVC Capital Partners have completed their $2.8 billion acquisition of BJ’s Wholesale Club Inc., the Westborough-based warehouse club operator said today. BJ’s agreed to the buyout in June. It was considered an attractive target because membership-based warehouse club operators were among the businesses that performed well during the recession as consumers looked to stretch their dollars further. They have continued to perform well during the ongoing economic uncertainty plaguing the US. | 
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