 | Fri. Oct. 21, 2011 Pfizer to pay $14.5m to settle marketing charges
A federal prosecutor says the drugmaker Pfizer Inc. has agreed to pay the government $14.5 million to settle charges it illegally marketed its drug for a condition called an overactive bladder. The settlement resolves the last of 10 whistleblower lawsuits, dating back to 2003, that claimed Pfizer marketed a number of its drugs for unapproved uses. Pfizer agreed to pay $2.3 billion two years ago to settle both criminal charges and civil claims in many of those cases, and the rest were dismissed. Rosa Mexicano and its upscale Mexican food are coming to the S. Boston waterfront
Rosa Mexicano, a high-end Mexican restaurant, will open a location at Seaport West on the South Boston waterfront, Seaport West’s owner said. The owner is Pembroke Real Estate, whose Seaport Place is home to about 5,000 office workers. When Rosa Mexicano opens next year on the corner of Seaport Boulevard and B Street, it will join several other restaurants at Seaport Place, including Morton’s the Steakhouse, Aura, and Tamo. Rosa Mexicano’s Boston restaurant will include an outdoor patio overlooking Boston Harbor. Motion capture suit for rowers includes technology from Analog Devices
A new motion capture suit is now being used to explore ways to improve the performance of competitive rowers and reduce their injuries, and the motion capture suit incorporates some technology from Analog Devices Inc. The Norwood company is working on the rowers’ project with Roessingh Research & Development, a Dutch research center specializing in ambulatory 3D analysis of human motion. The center is using a system developed by Xsens Technologies B.V., also of the Netherlands, to study rowing kinematics. Report: Apple, Android dominate the tablet computer market
The shipment of tablet computers worldwide reached nearly 17 million units in the third quarter, with Apple iOS and Android dominating the worldwide market with a combined 94 percent share, according to research from Strategy Analytics. In the third quarter, Microsoft captured a niche 2 percent global tablet share, said Strategy Analytics, a research and consulting firm headquartered in Boston. The firm’s conclusion? The future release of Windows 8 cannot come quickly enough for Microsoft. Bain Capital agrees to buy large Japanese restaurant chain
Bain Capital, a Boston-based private investment firm that has invested in several restaurant chains including Dunkin’ Donuts, has agreed to buy Skylark Co. Ltd., a Japanese family restaurant chain, from Nomura Principal Finance Co. and other investors. The transaction has an equity value of about $2.1 billion. Skylark operates more than 3,600 outlets and has about $4.5 billion in annual revenues. Previous Bain Capital restaurant investments include Burger King, Dunkin’ Donuts parent company, and Domino’s Pizza. Davey is the new Massport chairman
Transportation Secretary Richard Davey is the new board chairman of the Massachusetts Port Authority. Last month, Davey replaced Jeffrey Mullan, his predecessor at the state Department of Transportation, who had served as the Massport chairman since January. Outgoing board member Ranch Kimball had served as chairman since Mullan’s departure. Davey, the former general manager of the MBTA, will oversee the seven-member board of Massport, which oversees Logan International Airport, Worcester Regional Airport, Hanscom Field, and the cruise terminals in the Port of Boston. Mass. is ranked the most energy-efficient state
Massachusetts has overtaken California as the most energy-efficient state, according to new rankings by the American Council for an Energy-Efficient Economy. The council, a nonprofit group that looks to advance energy efficiency, uses a scorecard to rate the states. Among the areas that the council reviews are transportation policies, building energy codes, and state government initiatives. This is the fifth time that the council has issued rankings. California held the top spot for the first four editions of the council’s scorecard. Cisco agrees to buy BNI Video for $99m
Cisco Systems Inc. said it has agreed to pay $99 million to buy BNI Video, a Boxborough software company that allows video service providers to incorporate such applications as social networking and search into their offerings. Cisco, the biggest maker of networking equipment, recently released a study that found that Internet video is expected to make up 40 percent of all consumer Internet traffic worldwide in 2011. The acquisition of BNI Video will advance the capabilities of Cisco’s Videoscape TV platform. NY Times profit tops estimates on digital subscriber gains
New York Times Co., publisher of the namesake newspaper and owner of The Boston Globe, topped analysts’ estimates for third-quarter earnings as online subscriptions helped boost circulation. Earnings per share, excluding some items, fell to 5 cents, the New York-based company said in a statement today. That compared with the average estimate of 3 cents from analysts in a Bloomberg survey. Revenue fell 3.1 percent to $537.2 million. Analysts had projected $540.5 million. Harvard researchers: Home remodeling activity likely to remain weak
A sluggish economy will continue to make Americans nervous about spending money on large home improvement projects, according to researchers from Harvard University’s Joint Center for Housing Studies. The center’s Leading Indicator of Remodeling Activity points to a modest decline in annual homeowner improvement spending over the next several quarters. “We appear to be entering another period of softening,” Eric S. Belsky, managing director of the Joint Center, said in a statement. Mass. unemployment rate drops to 7.3 percent
The Massachusetts unemployment rate dropped in September to 7.3 percent, down from 7.4 percent in August and to its lowest level in nearly three years, the state’s Executive Office of Labor and Workforce Development said today. The national unemployment rate is 9.1 percent. Preliminary September job estimates show that the Bay State’s economy lost 2,300 jobs last month. |
No comments:
Post a Comment