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Tue. Apr. 10, 2012 Downed Boston TV stations back on the air Three Boston TV stations that were knocked off the air Sunday by a technical glitch returned to service on Tuesday afternoon.	Advertisement
Harpoon will use Citizens loan to upgrade its Boston brewery Citizens Financial Group Inc., which may be best known locally for Citizens Bank, has completed a $3.5 million loan to Harpoon Brewery, which the company plans to use to modernize its brewery in Boston’s Seaport District. The financing will enable Harpoon to buy and install new bottling and labeling machinery that will run at higher speeds than its current equipment. Harpoon’s Boston brewery churned out 120,000 barrels of beer last year.
Instagram co-founder Kevin Systrom has Holliston roots Kevin Systrom, one of the co-founders of Instagram, the mobile photo sharing service that was bought by Facebook yesterday, is from Holliston, a suburban town of 13,000 located near Route 495, about 20 miles west of Boston.
Northeast Utilities, NStar close nearly $20b merger Northeast Utilities of Connecticut and Boston’s NStar announced Tuesday that they have completed their nearly $20 billion merger, a merger that creates one of the nation’s largest utilities. The newly merged company will serve about 3.5 million electric and natural gas customers in three states and will continue to be called Northeast Utilities. NStar will become a Northeast Utilities subsidiary in Massachusetts. With the closing, NStar chief executive Thomas J. May assumed the titles of of president and chief executive of Northeast Utilities.
Flagship Ventures and Merck Research Labs form strategic life sciences collaboration Cambridge venture capital firm Flagship Ventures said Tuesday that it is partnering with Merck Research Laboratories and its newly formed Merck Research Ventures in a collaboration designed to foster early-stage innovation in life sciences. Merck & Co. is a large drug company based in New Jersey. As part of the collaboration, Merck Research Ventures Fund became an investor in Flagship Ventures Fund IV L.P., a $270 million venture capital fund that closed in January.
Pending home sales rose in March Preliminary figures suggest that the spring housing market in Massachusetts has gotten off to a good start. According to the Massachusetts Association of Realtors, the number of single-family homes put under agreement in March was up 38.8 percent compared to the same time last year. It was the 11th straight month of year-over-year gains, and the first time since June 2011 that pending sales have exceeded 4,000 homes. Last month, 4,519 single-family homes in Massachusetts were put under agreement.
AMSC submits appeal to China’s Supreme People’s Court AMSC, a Devens firm that makes control systems for wind turbines, said Tuesday that it has filed an appeal with China’s Supreme People’s Court related to dismissals by lower courts of AMSC’s civil case against Sinovel Wind Group Co. A wind turbine company, Sinovel was AMSC’s largest customer until it stopped accepting shipments of AMSC products. In multiple legal actions, AMSC is now suing Sinovel and seeking more than $1.2 billion in damages and payments.
FCC okays basic cable rate regulation in Boston
Providence’s iconic big blue bug gets a makeover PROVIDENCE --- Rhode Island’s big blue bug has gotten a makeover and a big promotion. New England Pest Control announced Monday that it’s renaming itself Big Blue Bug Solutions after the giant iconic termite that perches on its roof just off Interstate 95 south of downtown Providence. The termite — known as Nibbles Woodaway — now sports a necktie befitting his status as corporate namesake.
Thermo Fisher Scientific’s CEO collected total pay of $5.5 million in 2011 The top executive at Thermo Fisher Scientific Inc. collected total compensation of $5.5 million last year, nearly double his 2010 pay package, according to a filing Monday. Waltham-based Thermo Fisher said its president and chief executive, Marc N. Casper, was paid a salary of $1 million salary and a bonus of $1.3 million in 2011. He was also awarded stock options with an estimated market value of more than $3 million, and given other compensation totalling $152,517.
Mystery outage plagues Boston TV stations Four Greater Boston TV stations are racing to repair a mysterious malfunction that knocked them off the air on Sunday.
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