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Fri. Feb. 10, 2012 Mass. regulators issue subpoena for records of Bank of America unit State regulators are investigating whether Bank of America Corp. trumped up the value of securities it marketed to investors in 2007 that ultimately cost investors $150 million in losses. Secretary of State William F. Galvin said today that he has issued a subpoena to a unit of bank, Banc of America Securities LLC, for documents on two sets of collateralized loan obligations. Bank of America, one of the nation’s biggest banks and the largest in Massachusetts, said it plans to cooperate with Galvin’s office.	Advertisement
Youtube videos star SolidWorks design software. And ‘Hot Rod Baby Buggy’ Dassault Systèmes SolidWorks Corp., a French company with a big presence in Waltham, has just wrapped up a segment of a marketing campaign that uses YouTube videos that highlight the collaborative features of the company’s product design software. This effort, called “Let’s Go Design,” began well over a year ago, and the idea is to engage the computer-aided design community in thinking about how crowd-sourcing can be used in fun projects --- such as designing a “Hot Rod Baby Buggy.”
Cambridge Savings opens nonprofit division Cambridge Savings Bank has created a new banking division focused on serving nonprofits, something common among larger banks. The new Community Partners Solutions unit will have six employees. In addition to offering standard banking services, the Cambridg
A123 advances on deal to supply battery-storage systems in U.K. Shares of A123 Systems Inc., a Waltham-based maker of batteries for electric cars and utilities, rose after announcing a contract to supply power-storage systems to a U.K. grid operator. A123 gained as much as 9.6 percent and was up 8.5 percent to $2.04 in mid-morning trading in New York after saying it would provide six of its grid battery systems to Northern Powergrid, which supplies power to more than 3.8 million customers in the U.K.
Air Red Sox takes wing, courtesy of JetBlue Spring training has not started, but JetBlue Airways is taking the Red Sox to the skies with a custom Red Sox-branded Airbus A320 at Logan International Airport in Boston. The aircraft, inspired by the team’s uniform, features blue wing tips and a gray tail that depicts the team’s dangling red socks. The plane, which enters service today with a flight to Fort Myers, Fla. - where the team trains - also sports a banner commemorating Fenway Park’s 100th anniversary.
Lovebirds may tweet, but thoughtful Romeos don’t Social media such as Twitter may be de rigueur for communications by college students, but one topic is probably best kept off-limits --- tweeting to your chums about the outcome of a hot date. So concludes a new Valentine’s Day survey of 1,200 students from Campus Entertainment, a marketing firm that specializes in targeting college students. “Students clearly prefer to talk about their dates outside of social media channels,” said Campus Entertainment, which has offices in Charlestown.
Ironwood prices stock offering Ironwood Pharmaceuticals Inc., looking to prepare for the launch of a drug to treat irritable bowel syndrome with constipation, announced the pricing of an underwritten public offering of 5.25 million shares of its Class A common stock at a price of $15.09 per share. All shares are being offered by Ironwood, and the gross proceeds are expected to be $79.2 million. The company intends to use some of the net proceeds to prepare for the potential market launch of a drug candidate called linaclotide.
Friendly’s CEO stepping down Friendly’s Ice Cream chief executive Harsha V. Agadi is planning to step down tomorrow and the company’s chief marketing officer is also leaving in several weeks.
iRobot shares plunge on predicted losses from defense cuts Shares of Bedford robot maker iRobot Corp. plunged more than 30 percent to close at $25.17 today, after the company warned of possible losses as decreases in US defense spending reduce demand for its line of military robots.
Celgene to invest $15m in Acetylon Pharmaceuticals Acetylon Pharmaceuticals Inc., a Boston firm developing cancer treatments, announced a $15-million strategic equity investment from Celgene Corp., a New Jersey-based biopharmaceutical company. Under the deal, Celgene does not receive rights or options to Acetylon technology. Acetylon noted that its lead drug candidate has the potential to be combined with a Celegene drug to become an effective drug cocktail treatment for patients with myeloma.
Ex-Takeda executive committed insider trading, SEC claims A former Takeda Pharmaceutical International Inc. executive was accused of using inside information to make more than $63,000 trading in call options, according a lawsuit filed by the Securities and Exchange Commission. Brent Bankosky, a former director in Takeda’s business development group, used non-public information to trade in advance of Takeda’s announcement of transactions involving Cell Genesys Inc. and Millennium Pharmaceuticals Inc., the SEC said in a civil complaint filed today in Manhattan federal court.
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