Thursday, January 26, 2012

Daily Business Update

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Daily Business Update


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Thu. Jan. 26, 2012

SMTP launches Western Europe expansion

SMTP, Inc., a service provider of cloud-based messaging and email delivery, today announced its plans for expansion across Western Europe, tapping Jorge Casas as its Director of Business Development and Customer Service. SMTP’s services facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution.

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Springfield biomass energy plant dealt a setback

Plans to build a $150 million wood-burning power plant in Springfield have been dealt a setback by the city’s Zoning Board of Appeals, which overturned two building permits. The permits granted by the city’s Building Code Enforcement Commissioner were overturned unanimously Wednesday after the board agreed with an appeal filed by residents that the commissioner had overstepped his authority.

Raytheon profit rises 9 percent as forecast falls short of estimate

Raytheon Co., the world’s largest missile maker, said fourth-quarter profit rose 9.4 percent aided by improved performance at its missile and space units. The company’s forecast for this year fell short of analyst estimates. Net income from continuing operations increased to $546 million, or $1.58 a share, compared with $499 million, or $1.37 a share, a year earlier, Raytheon said today in a statement. Excluding certain items, profit was $1.74 a share, exceeding the $1.34-a-share average estimate of 21 analysts surveyed by Bloomberg. Sales declined 6.4 percent to $6.44 billion.

Discount chain Marshalls planning to open in Fenway area

Retail discounter Marshalls plans to open a 30,000 square foot store in Boston’s Fenway area this fall, in the same renovated building that’s home to the new Yard House restaurant. The two-level retail space will have entrances on both Brookline Avenue and Van Ness Street, according to Peter Sougarides, of Samuels & Associates, which is developing the space and says it will spend $10 million on the renovation project.

Patriots fans get a Super Bowl break: Airlines add flights, lower fares

Patriots fans on a budget, take heart. Airlines have added extra flights between New England and Indianapolis, bringing down airfares that were average about $1,000 a few days ago.

Joslin Diabetes Center receives $10.8 million, largest infusion of money in its history

Joslin Diabetes Center said it will use $10.8 million, the largest capital infusion in the Harvard teaching hospital’s 113-year-history, to create a Translational Center for the Cure of Diabetes at Joslin’s campus in Boston’s Longwood Medical Area. The new center will include renovated lab space, a biobank that stores tissue samples to track how the diabetes changes over time, a teleopthalmology center that studies eye disease related to diabetes, a metabolic kitchen where Joslin can teach patients how to cook and eat, and an exercise research lab to study the effects of exercise.

FleetMatics Names Karen Leavitt as Chief Marketing Officer

FleetMatics, a provider of fleet management solutions for commercial vehicles, today announced the addition of Karen Leavitt as chief marketing officer. Reporting to FleetMatics CEO Jim Travers, Leavitt is responsible for all corporate branding, marketing, and communications activities.

Giants’ fans topping Patriots’ 4-to-1 in Super Bowl ticket buys

New York-area football fans are outpacing New Englanders in buying Super Bowl tickets on the secondary market. Twenty-three percent of tickets for the Feb. 5 game in Indianapolis sold on NFL Ticket Exchange have been purchased by people in either New York or New Jersey, according to data released by the website, the official ticket reseller of the National Football League.

Boston IVF pioneers world’s first needle-free saliva test used in infertility treatment

Boston IVF, a medical practice providing specialized infertility treatment, today said it has introduced the first needle-free saliva test that will replace daily blood tests needed to monitor infertility treatment. Following nearly two years of research, Boston IVF has proven that the hormone estradiol, traditionally measured in the blood, can also be accurately measured in saliva, virtually eliminating the need for daily blood testing during a patient’s treatment cycle.

Nevada casino developer purchases Springfield site

A Nevada company has completed the $16 million purchase of a former Westinghouse site in Springfield on which it hopes to build a resort casino. Ameristar Casinos announced the completion of the deal today. The 41-acre site just off Interstate 291 has been largely unused since 1970.

Patriots will beat Giants, unemployment data suggests

As the Super Bowl matchup between the New England Patriots and the New York Giants approaches, Patriot fans can bolster their confidence with one of the most accurate predictors for the past two decades: U.S. Bureau of Labor Statistics unemployment data. The team whose metropolitan area boasts the lower unemployment rate during the previous calendar year has won 17 of the past 20 Super Bowls. Based on this correlation, the New England Patriots should claim the NFL championship over the New York Giants.

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