 | Tue. Nov. 29, 2011 Local Whole Foods will sell Kickass Cupcakes
Kickass Cupcakes will now sell its cupcakes at local Whole Foods stores, its owner said. Sara Ross, owner of the Kickass Cupcakes store in Somerville, said her cupcakes will now be available in Whole Foods Markets in all of Whole Foods’ 28 New England locations. Plans call for cupcake four-packs to be sold for $6.99 a box and will come flavors as Cinnamon Pumpkin, Chocolate Peppermint, Cranberry Ginger, and Mojito. Georgia school system will use digital learning tools from Houghton Mifflin Harcourt
Houghton Mifflin Harcourt, a Boston company known for such educational products as textbooks, said that Gwinnett County Public Schools, the largest school system in Georgia, plans to use the company’s digital personalized learning tools. Under this partnership, Houghton Mifflin Harcourt, or HMH, will help the Gwinnett school system to implement an initiative it calls “eCLASS,” which will enable the school system to save money by going textbook-free while also preparing students to become proficient with technology. Investor confidence index rises in Nov.
An investor confidence index maintained by State Street Global Markets posted a 2-point gain in November, as the month’s reading rose to 97.2, up from a revised reading of 95.2 in October. State Street Global Markets is the investment research and trading arm of State Street Corp., a large financial services company headquartered in Boston. A reading of 100 represents a neutral, the level at which investors are neither increasing nor decreasing their allocations to risky assets. Zipcar is testing vans in San Francisco
Zipcar Inc., the Cambridge-based car-sharing service, is exploring the possibility of adding Ford E-150 cargo vans to its fleet of US vehicles. The company has launched a pilot program in San Francisco called Zipvan. Zipcar already offers vans in its British operations. In a survey of its membership, nearly 40 percent of respondents said they would likely use a van. Based on the results of this pilot program, Zipcar may decide to launch van service in other US and Canadian markets. AMSC cuts workforce by 20 percent
AMSC, a Devens company that makes control systems for wind turbines and other advanced technologies for utilities, said it has reduced its workforce by more than 20 percent in order to lower the company’s cash usage as it works toward a return to profitability. That amounts to more than 100 jobs. The company, which until recently was known as American Superconductor Corp., said it now has a global workforce of about 400 employees, including well over 100 at Devens. American Airlines bankruptcy filing expected to have little impact on its Logan flights
This morning’s bankruptcy filing by the parent companies of American Airlines is not expected to have an immediate impact on the airlines’ flights in and out of Logan International Airport. “I am not aware of any impact on their operations in Boston,” said Matthew Brelis, a spokesman for the Massachusetts Port Authority, which operates Logan. Attempts to reach American Airlines were not immediately successful. Mass. home sales rose in October
The number of single-family homes that were sold in Massachusetts during October rose nearly 3 percent from a year ago, but the median-selling price for those homes dropped 5.2 percent, the Massachusetts Association of Realtors reported this morning. According to the association, home sales were up for the fourth straight month when compared to the same months last year. During October, 3,057 single-family homes were sold, and the median selling price for the month was $275,000, down from $290,000 in October 2010. Framingham man sentenced to more than 8 years for running $15 million Ponzi scheme
Richard Elkinson, a 78-year-old Framingham man who pled guilty to conducting a $15 million Ponzi scheme, was sentenced today to eight-and-a-half years in prison. Royal Bank of Scotland company agrees to $52 million settlement with state over its role in subprime lending
A subsidiary of the Royal Bank of Scotland will pay $52 million for its role in the state’s “subprime mortgage meltdown,’’ Attorney General Martha Coakley said today, in an agreement that will help more than 700 Massachusetts borrowers. RBS Financial Products Inc. agreed to the settlement following claims that it financed, bought and bundled residential mortgage loans into securities that were “presumptively unfair” under state law, Coakley’s office said. Former Sox player Richardson settles insider trading charges
A former Major League infielder, who played briefly for the Red Sox, has settled allegations that he committed insider trading, federal regulators said Friday. Jeffrey S. Richardson, who played three seasons in the Major Leagues, including 15 games with the Red Sox, allegedly bought stock in Genesis Energy LP of Houston in 2007 after learning from an inside source that the company was on the verge of acquiring several energy-related firms. He allegedly also tipped off two family members and a friend about the deal. Mass. gas prices fall 2 cents a gallon
The average price for gas in Massachusetts was $3.319 a gallon in the latest weekly survey from AAA, down 2 cents from the previous week’s average, AAA Southern New England said. The current national average is $3.29. A year ago at this time, the Massachusetts average price was $2.92 a gallon. |
