Wed. Oct. 05, 2011 Coakley loses confidence in foreclosure talks
Massachusetts Attorney General Martha Coakley says she has lost confidence that a fair settlement over foreclosure abuses can be reached where banks are held accountable for wrongful foreclosures. Coakley said today that her office is proceeding with lawsuits relating to unlawful foreclosures. Coakley is the latest official to undermine a resolution that has been in the works between major banks and attorneys general in all 50 states. Last week, California Attorney General Kamala Harris pulled out of the settlement talks. Patriot hot dogs are coming to a store near you
New England Patriots fans who want to re-create the culinary experience of being at Gillette Stadium in their own kitchens will now be able to do so, thanks to a new hot dog deal between the team and Kayem Foods. A Chelsea-based meat processor, Kayem is already the official brand of franks and sausage for the Patriots and Gillette Stadium. Under a new licensing agreement, those franks will now be available at retail markets throughout New England. Ireland Chamber of Commerce to honor Ted Kelly of Liberty Mutual
The Ireland Chamber of Commerce is scheduled to present Liberty Mutual Group chairman Edmund F. (Ted) Kelly with a major award later this month. At the chamber’s Annual American Celtic Ball in New York Oct. 20, plans call for Kelly to receive the Sir Michael Smurfit Business Achievement Award in recognition of Kelly’s work at Liberty Mutual, a global insurance company with headquarters in Boston, as well as for his civic leadership. Friendly’s closes 63 stores as ice cream chain files for bankruptcy
Friendly Ice Cream Corp., the troubled family restaurant chain that was a casualty of a tough economy and changing customer preferences, said it has closed 63 of its nearly 500 locations as it looks to reorganize under Chapter 11 bankruptcy protection. Roughly 30 of the store closings are in Massachusetts, Wilbraham-based Friendly’s said. Those stores are in such communities as Acton, Attleboro, Dedham, Leominister, Needham, Quincy, Stoughton, and Worcester. The company added that “424 Friendly’s restaurants will be open for business as usual during the company’s financial restructuring.” List of closed Friendly’s restaurants
Friendly Ice Cream Corp. is seeking bankruptcy protection. As part of its restructuring, Friendly’s has closed 63 restaurants. Here’s a list of the closed Friendly’s restaurants. Friendly’s files for bankruptcy in Delaware
Friendly Ice Cream Corp., the 76- year-old restaurant chain known for its ice cream and burgers, sought bankruptcy protection from creditors four years after being bought by private equity firm Sun Capital Partners Inc. Criminal charges against Bank of America protesters are dropped
Criminal charges have been dropped against 24 people charged with trespassing during a Friday protest against Bank of America Corp. in downtown Boston, the Suffolk County district attorney’s office said. Susan Terrey, Pollo Campero is celebrating National Taco Day with free tacos
Pollo Campero is celebrating National Taco Day by giving away free tacos at its East Boston and Chelsea restaurants. The two restaurants are offering a free Campero chicken tacos to visitors all day today, said a chain known for its chicken. Based in Texas but with Guatemalan roots, the company operates more than 300 restaurants. The Pollo Campero restaurant in Chelsea is located at 115 Park St., and the address of its East Boston location is 188 Border St. Mass. business confidence slips again
A monthly index that measures business confidence in Massachusetts posted a September reading of 48.4, losing ground for the fourth time in five months. The index is maintained by the Associated Industries of Massachusetts, an advocacy group that represents the state’s employers. The index uses a 100-point scale. A reading below 50 indicates a negative assessment of business conditions. Commenting on the September reading, the association said that local have come to realize that the economic recovery will be “weak and prolonged, at best.” IBM plans to buy another Mass. firm
IBM has agreed to buy Q1 Labs, a Waltham-based provider of security intelligence software, for an undisclosed amount. IBM has made a habit of buying local companies. Last year alone, IBM made four Massachusetts acquisitions, including a $1.7 billion deal for Netezza Corp., a Marlborough-based data analysis firm. IBM said that its plan to buy Q1 Labs will accelerate its efforts to offer corporate clients more options to protect their IT systems from security breaches and other threats. Report: Grid, storage, and electric vehicle M&A activity hits $2.4b in the first half of 2011
Merger-and-acquisition deals in the grid, energy-storage, and electric-vehicle sectors were up sharply in the first half of the year, and many more “cash-starved” start-ups in those fields are “due for the auction block,” according to a new report from Lux Research. The number of M&A deals in the first half of 2011 have already totaled twice those made in all of 2010, said Lux Research, a research and advisory firm with offices in Boston. | 
No comments:
Post a Comment