Fri. Nov. 11, 2011 Raytheon helps wounded warriors through support of IT training programs
Waltham defense contractor Raytheon Co. said that its support has helped hundreds of wounded veterans who have taken information-technology training from the Wounded Warrior Project, a nonprofit that aids veterans in seeking to make a successful transition to civilian life. Thermo Fisher approves $750m stock buyback
WALTHAM -- Laboratory instrument maker Thermo Fisher Scientific Inc. said its board of directors approved the repurchase of $750 million in stock. Its shares rose almost 3 percent in morning trading. The stock repurchase authorization will last until Nov. 9, 2012. Thermo Fisher said it has $25 million remaining on its previous stock buyback plan, which expires in February. The company had 378.3 million shares on the market as of Oct. 1. Sports Authority to replace Filene’s Basement in Arsenal Mall
Sports Authority plans to open a 33,000-square-foot store in Watertown’s Arsenal Mall next spring and replace a Filene’s Basement that is scheduled to close at the end of the year, said the mall’s operator, Simon Property Group. A Colorado-based chain of roughly 460 stores, Sports Authority focuses on sporting apparel and athletic equipment. Just over a week ago, the parent of Filene’s Basement announced plans to shut down in January, a victim of fierce competition and a tough economy. Brooks Automation 4Q profit falls 50 percent
CHELMSFORD -- Brooks Automation Inc., which supplies semiconductor manufacturers, said its fiscal fourth quarter profit fell 50 percent as revenue dropped compared with a strong quarter a year ago. The company said its net income fell to $12.1 million, or 19 cents per share, compared with $24.2 million, or 38 cents per share, a year earlier. Revenue fell 27 percent to $131 million from $181.6 million. Analysts polled by FactSet expected earnings of 27 cents per share on revenue of $139.6 million. The band Hellogoodbye pitches Buicks in Digitas marketing campaign
Digital marketing firm Digitas has created a marketing campaign for Buick that features the indie band Hellogoodbye. For an online video, the band wrote a song about a road trip they took across Nevada in a Buick Regal Turbo. One goal of the campaign is to convince younger consumers that when they’re in the market for a new car, Buick should be on their shopping list, especially if they’re music lovers. The campaign notes that the Buick Regal Turbo has a Harman/Kardon sound system. Fireman Capital to sell juice company to Starbucks
Fireman Capital Partners, a Boston private equity firm, agreed to sell a West Coast juice company it owns to Starbucks Coffee Co. for $30 million in cash. The plan is for Evolution Fresh Inc. to become a unit of the coffee retailing giant. Starbucks plans to “reinvent the $1.6 billion super-premium juice segment.” The sale marked one of the first returns on an investment for Fireman Capital, which was founded in 2009 by Dan Fireman, son of former Reebok chief executive Paul Fireman. John Hancock cuts 116 jobs in Boston
John Hancock Financial Services said today it is cutting 116 jobs in Boston, or about 3 percent of its local workforce. The insurance company, a unit of Manulife Financial of Canada, said the cutbacks are part of efforts to streamline operations and restructure its annuity business. But the company says it continues to hire in other areas and has 110 open positions. The company now has 3,750 workers in Boston. TD Bank: Holiday spending should hold steady
The majority of consumers are expected to spend an average of $670 on holiday gifts, about the same as last year, according to a new shopping poll commissioned by TD Bank. The poll found that 57 percent of respondents plan to spend about the same as last year; 28 percent plan to spend less, and 14 percent plan to spend more. Nearly 40 percent of consumers surveyed said they plan to pay for gifts with a credit card; 31 percent with debit cards, and 28 percent with cash. Coakley: proposed law would help lower number of foreclosures
Attorney General Martha Coakley testified on Beacon Hill this afternoon in favor of state legislation meant to push more lenders into working with financially-stressed homeowners to make their mortgage loans more affordable. Calling the proposal key to solving the foreclosure crisis in Massachusetts, Coakley said she plans to urge lawmakers to pass legislation that would require lenders to modify certain loans if it makes more economic sense than a property seizure. Applied Materials completes acquisition of Varian
Applied Materials Inc., the world’s largest maker of semiconductor fabrication equipment, has completed its previously announced acquisition of Varian Semiconductor Equipment Associates Inc. of Gloucester. In May, California-based Applied Materials disclosed plans to buy Varian for $4.9 billion. Varian makes tools and equipment to manufacture microchips for computers and other electronic devices. Applied Materials indicated that Varian’s technology would complement its own products to help manufacture chips with faster speeds and longer battery life for wireless devices such as smartphones. Genzyme appoints executives to lead MS and rare diseases units
Genzyme, a Cambridge biotechnology company, announced today the appointment of William Sibold as head of multiple sclerosis and Rogério Vivaldi as head of rare diseases. Rare diseases and multiple sclerosis are top priorities for Genzyme. Earlier this year, Genzyme was purchased by French drug maker Sanofi SA for $20.1 billion, and last month, Sanofi promoted David Meeker to be the chief executive of Genzyme. Sibold and Vivaldi will report to Meeker. | 
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