 | Tue. Oct. 18, 2011 Report: 64,000 in Mass. have ‘clean energy’ jobs
Massachusetts energy officials are pointing to what they say is significant job growth in the state’s renewable energy sector. A report released today by the Massachusetts Clean Energy Center estimates there are now more than 64,000 people in the state working in the so-called “clean energy” economy -- or about 1.5 percent of all jobs in the state. The report identified 4,909 clean energy companies across the state. Raytheon commits $1m for teacher scholarships
Waltham defense contractor Raytheon Co. will establish teacher scholarships through a $1 million gift that supports the Engineering is Elementary program developed by the Museum of Science, Boston. The museum’s Engineering is Elementary, or EiE, program has drawn up an elementary-school curriculum that provides courses where students work together to apply their knowledge of science and math in creative ways. Raytheon said its donation will fund the training of educators to deliver the EiE curriculum to their classrooms. US Labor Dept. cites DeMoulas for alleged violations of workplace safety standards
The US Department of Labor has cited DeMoulas Supermarkets Inc., which runs the Market Basket grocery chain, for 30 alleged “willful, repeat and serious violations” of workplace safety standards at its stores in Rindge and Concord, N.H. The Tewksbury company, which has supermarkets in New Hampshire and Massachusetts, faces a total of $589,200 in proposed fines for “recurring fall and laceration hazards and also for improperly responding to a worker’s serious injury.” Market Basket could not immediately be reached for comment. Filene’s Basement is closing two more stores
Filene’s Basement is closing two stores in Ohio and Maryland, in addition to the four shops it is shuttering in Massachusetts by the end of the year. Leases for Filene’s Basement stores are also expiring at locations in Rockville, Md., and Columbus, Ohio, and so those stores are also shutting down. The four Massachusetts Filene’s Basement sites are located in Simon Malls in Braintree, Peabody, Saugus, and Watertown. UniFirst fiscal 4Q profit tops expectations
UniFirst Corp. said fiscal fourth-quarter earnings rose 4 percent as the workplace uniform maker benefited from a decline in net interest expenses. Wilmington-based UniFirst also released a fiscal year 2012 earnings forecast that is short of Wall Street’s expectations. Its revenue outlook is higher than analysts’ consensus forecast. The company rents, leases, and sells uniforms, protective clothing, and custom corporate work wear. The company reported net income of $18 million, or 90 cents per share, for the three months ended Aug. 27. BostonGlobe.com launches as a subscription-only website tomorrow
BostonGlobe.com, which was initially available to readers on a free trial basis, will begin charging for access to its content, starting tomorrow morning. As part of its transition from a free to a subscription-only website, BostonGlobe.com will be shut down from noon today until 5 a.m. tomorrow. BostonGlobe.com combines the newspaper’s print stories with breaking news on a site designed for customers who want premium content that they can read on multiple devices, from computers to tablets to smartphones. Oracle buys Endeca
Oracle Corp. said today that it will buy Endeca Technologies Inc., the e-commerce and Web search company in Cambridge. The sale price hasn’t been disclosed. Endeca, which is privately held, employs more than 600 people and counts Ford Motor Company, Hyatt, IBM, and Walmart as some of its biggest clients. The company reportedly has annual revenues of about $100 million.Oracle, a hardware and software company based in Redwood City, Calif., announced revenue for its first quarter, which ended Aug. 31, of $1.8 billion. Eastern Bank ranked No. 1 SBA lender in Massachusetts
Eastern Bank said it has been ranked tops in small business lending in Massachusetts for the third year in a row. The rankings are conducted by US Small Business Administration, and Eastern Bank added that it was also ranked the number-one SBA lender for all of New England in terms of the number of SBA loans originated. In Massachusetts, Eastern Bank made 342 SBA loans in Massachusetts that collectively totaled more than $24 million. EMC 3Q earnings rise 28 percent on storage demand, VMWare
EMC Corp., the world’s biggest maker of storage computers, reported a 28 percent gain in third- quarter earnings, helped by demand for its products and software from majority-owned VMware Inc. Net income rose to $605.6 million, or 27 cents a share, from $472.5 million, or 22 cents, a year earlier, the Hopkinton-based company said today in a statement. Excluding some costs, profit was 37 cents, beating the 36-cent average estimate of analysts surveyed by Bloomberg. State Street says 3Q profit rose 11%
State Street Corp., the custody bank under pressure from activist investor Nelson Peltz to increase profitability, said third-quarter profit rose 11 percent, helped by cost-cutting and a takeover. Net income on an operating basis increased to $476 million, or 96 cents a share, from $427 million, or 86 cents a shares, a year earlier, the Boston-based company said today in statement. Excluding certain items, 21 analysts surveyed by Bloomberg estimated average earnings of 89 cents a share. Third Rock launches Sage Therapeutics with $35m in Series A financing
Third Rock Ventures LLC, a Boston venture capital firm, announced the formation of Sage Therapeutics, a company that looks to develop new treatments for central nervous system disorders such as schizophrenia, depression, pain, and traumatic brain injury. The company is launching with a $35 million Series A financing. Kevin Starr, a Third Rock partner, will serve as the company’s interim chief executive. Sage plans to use a proprietary chemical platform to develop its new treatments. |
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