Wed. Nov. 23, 2011 Nikon to use collaborative design platform with Bay State connection
Nikon Corp., a Japanese company known for cameras and optical products, plans to use a collaborative design called Enovia, which has a Massachusetts connection. Enovia was developed by Dassault Systèmes, a French company focused on software products for global product lifecycle management. Dassault Systèmes has considerable operations in the Bay State, and its Massachusetts team did much of the work on Enovia, which will help Nikon reduce the number of mockup models that need to be built in the course of developing its products. Yankee Group report: Tablets and e-readers will be popular holiday gifts
A new report from Yankee Group concludes that tablets and e-readers will be popular gifts this holiday season despite the tough economy. Mobile devices have moved close to the top of a top 10 list of most wanted consumer-electronics items that the Boston-based research firm has put together. Last holiday season, consumers craved HDTVs and game consoles. Those items have slipped several rungs down on this year’s top 10 list. Radius closes $27.7m tranche of previously announced financing
Cambridge-based Radius Health Inc. said it has closed the second of its three-tranche $91 million financing round, which was first announced in May. The $27.65 million second tranche included $21.4 million in equity financing from Radius’ current investors and $6.25 million in debt financing from GE Capital, Healthcare Financial Services, and Oxford Finance LLC. Plans call for the proceeds to be used for advancing the development of a bone-building drug candidate that seeks to treat osteoporosis. Boston Scientific gains approval for new version of heart stent
Boston Scientific Corp. said it gained US approval for a new version of its drug-coated heart stent, a product the company will manufacture itself rather than licensing from a competitor. Boston Scientific, the second-biggest heart-device maker by revenue, will begin selling the Promus Element stent system immediately, the Natick-based company said today in a statement. “This approval marks an important milestone for Boston Scientific,” chief executive Hank Kucheman said. Shire seeks US, EU approval of Mass. facility
Irish drugmaker Shire PLC has filed an application with US and European regulators to produce its Gaucher disease drug at a new manufacturing site in Massachusetts, saying the move will give it flexibility to meet global demand for treatments of rare diseases. Sam Adams plans post-Black Friday shopping event
The folks at Sam Adams beer are planning a “holiday marketplace” for Saturday, the day after Black Friday. The event, at the company’s Boston brewery, features specialty sausages, jams, caramels, and homemade breads made by small start-ups in the local food and beverage industry. Sam Adams has a program that helps such start-ups with microloans and other assistance. The event is scheduled to run from 10 a.m. until 2 p.m. at the company’s brewery at 30 Germania St. MassHousing awards $300k for sober housing
MassHousing, the state’s affordable housing bank, said it has awarded $300,000 in financing to help create or preserve affordable sober housing in Brockton, Lowell, Springfield, and Worcester. The grants will come from the Center for Community Recovery Innovations Inc., a nonprofit subsidiary of MassHousing. Among grant recipients are the EMH Recovery Graduate House in Brockton and the Lowell House in Lowell. Also receiving grants are the Puerto Rican Veterans Association of Massachusetts in Springfield and Community Healthlink Inc. in Worcester. Zappos.com to pay Turnpike tolls at Allston/Brighton tomorrow evening
Online retailer Zappos.com is planning to give local travelers an early holiday gift. Between the hours of 5 p.m. and 7 p.m. tomorrow, the company has agreed to pay the tolls for all motorists using the Allston/Brighton Toll Complex on the Massachusetts Turnpike. Normally, the toll is $1.25 for those paying cash. Zappos.com may be best known for its apparel and footwear. Fidelity market data can now be viewed on Verizon FiOS TV
Investor research data from Fidelity Investments will now be available to 4 million customers of Verizon Communications Inc.’s FiOS TV service. A new app will give those customers “instant access, directly on their televisions,” to market data that includes stock quotes, charts, watch lists, and financial news. That data round-up is collectively known as the Fidelity Market Monitor Application. FiOS TV subscribers can access the Fidelity Market Monitor Application with their TV remote control. Foreclosure activity accelerates in Mass.
Massachusetts foreclosure activity increased on a year-to-year basis in October, following more than a year of declines, the Warren Group said this morning. Many major lenders slowed the foreclosure process last year after some bank employees, now known as robo-signers, acknowledged they were signing thousands of foreclosure-related documents without properly reviewing the paperwork. But now banks and mortgage companies have started to speed up seizure proceedings. Will Washington gridlock hurt Black Friday sales?
Will the failure of Washington politicians to reach an agreement on federal taxes and spending have an impact on holiday shopping? At least one retail analyst thinks that might be a possibility. “This year, it won’t be the Grinch that will steal Christmas, but it might be the government that does,” Marshal Cohen, NPD Group’s chief industry analyst, said in a statement. “With the federal budget deadline looming, consumers may just be distracted right out of the ‘spirit of giving’ for holiday.” | 
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