Wednesday, November 9, 2011

Daily Business Update from the Boston Globe

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Wed. Nov. 09, 2011

Cessna taps Dassault Systèmes for more design software
Cessna Aircraft Co. has decided to upgrade the Dassault Systèmes’ 3D product design software it has been using to cost-efficiently design and manufacture aircraft, said Dassault Systèmes, a French company with a big presence in Massachusetts. Cessna has been a long-time user of such Dassault Systèmes’ platforms as CATIA and ENOVIA. The collaborative innovation platform ENOVIA was developed in Massachusetts. Cessna now plans to use Version 6 of the CATIA and ENOVIA software.

Siemens AG agrees to take over Vistagy
Germany’s Siemens AG says it is taking over Vistagy, Inc., a Waltham-based maker of computer-assisted design software. Munich-based Siemens said that an agreement was signed earlier this month and the two sides agreed not to reveal the price of the deal. Privately held Vistagy makes design software that helps engineers work with carbon-fiber composites.

Auction set for Joe Tecce’s Ristorante fixtures
Joe Tecce’s Ristorante shut the doors on its North End dining dynasty earlier this fall, but loyal fans can still keep a piece of the legendary Italian-American restaurant. An auction is being held on November 15 – nearly six months after the company filed for bankruptcy protection – to sell off Murano glass chandeliers, a collection of mid-century Italian pottery, Art Deco light fixtures, among other items.

BNY Mellon announces $2.2m in grants to Boston-area nonprofits
The charitable giving program of BNY Mellon, an investment management company with about 4,000 employees in Greater Boston, is awarding more than $2.2 million in grants to local nonprofits during fiscal 2011. Among local nonprofits receiving BNY Mellon grants are Cradles to Crayons, Jewish Vocational Service, and the Home for Little Wanderers.

Gottesdiener is Rhythm’s CEO
Rhythm, a Boston biotechnology company, announced today the appointment of Keith M. Gottesdiener, M.D., as chief executive. Gottesdiener joins Rhythm from Merck & Co., Inc., where he served as vice president and late-stage therapeutic group leader, with responsibility for trials of Merck’s products. Rhythm is focused on developing peptide therapeutics that address metabolic diseases.

Curis earns $8m payment for work on a skin cancer drug candidate
Curis Inc., a Lexington drug company, has earned an $8 million milestone payment from Genentech, its collaborator on a treatment for a common skin cancer. Curis said that the Food and Drug Administration has accepted and filed for review Genentech’s new drug application (NDA) for vismodegib, a potential treatment for adults with advanced basal cell carcinoma in cases where surgery is deemed inappropriate. The FDA has granted the vismodegib application a priority review.

First nationwide test of emergency alert system tomorrow
If you hear the familiar emergency alert on your Boston TV or radio station tomorrow afternoon, don’t worry. It’s a drill from federal agencies as they perform the first national test of the Emergency Alert System.

Arbella taps Bruins star Thomas
The Arbella Insurance Group announced a multi-year partnership with Tim Thomas that will have the Bruins star goalie representing Arbella, beginning in January. It is the first time that Arbella has hired an athlete to do endorsements. Quincy-based Arbella is a regional property and casualty insurance company. Arbella also announced that its foundation is making a $20,000 gift to the Tim Thomas Foundation, which will target a variety of local causes.

Developer Arthur Winn pleads guilty in Columbus Center donation scheme
Real estate developer Arthur Winn pleaded guilty today in US District Court in Boston to making illegal campaign contributions as part of an effort to obtain public funding for his ultimately failed Columbus Center project. The 72-year-old Winn spoke in a low husky voice throughout the 20-minute proceeding, uttering the word “guilty” when asked if he made the $61,000 in illegal contributions described in court by Assistant US Attorney James Dowden. Winn faces a fine of $200,000 and prison sentence of up to six months, according to the guidelines agreed upon by his attorney and the government.

State-of-the-art Stop & Shop is gearing up for Chelmsford debut
Stop & Shop Supermarket Co. is gearing up for next week’s grand opening of a new state-of-the-art store in Chelmsford that includes such firsts for the chain as an in-store nutritionist and a Tree House, an area where Stop & Shop minds the children so their parents can go grocery shopping. Also new: Curbside pick-up. Customers can order online, then pick up what they ordered without leaving their cars.

Hancock president blasts Washington gridlock
The head of Boston insurance giant John Hancock Financial Services blasted political leaders in Washington this morning for battling one another, instead of working together to slash the nation’s deficit and finding ways to get the ailing US economy moving again. ”We need to tell the folks in Washington to put politics aside and fix the economic fundamentals,” said Jim Boyle, president of John Hancock, the main US arm Manulife Financial Corp.

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