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Fri. May. 25, 2012 Eagle Hill School to build athletic center, dorm with $24m MassDevelopment bond MassDevelopment said it has issued $24 million in tax-exempt bonds on behalf of Eagle Hill School in Hardwick. With an enrollment of about 205 students, the college-preparatory boarding school educates students with learning disabilities such as dyslexia and attention deficit disorder; it will use bond proceeds to build a sports-and-fitness center and a dormitory, MassDevelopment said. Bond proceeds will also finance another dormitory’s addition and a wastewater treatment plant.	Advertisement
AG Martha Coakley unveils initiative to help military service members avoid foreclosure Military service members struggling to pay their mortgages now have a new point person to call for help at the office of Massachusetts Attorney General Martha Coakley. Coakley’s initiative is meant to help veterans and current service members avoid foreclosure. The effort was created in coordination with the Massachusetts Department of Veterans’ Services.
Trade war looming as China rebukes US support for solar China’s allegation that renewable-energy subsidies in five US states violate free-trade rules ratchets up a potentially costly trade war between the world’s two largest economies. Programs supporting renewable power, including wind and solar, in Washington state, New Jersey, Massachusetts, Ohio, and California, violate World Trade Organization policies and trade treaties, according to a preliminary finding of an investigation posted yesterday on the website of China’s Ministry of Commerce.
Talbots tumbles after Sycamore deal falls through Talbots Inc. fell the most in more than 11 months after ending exclusive talks to be bought by Sycamore Partners for $215 million and saying it will explore other strategic alternatives. Sycamore isn’t prepared to make a transaction at this time, Hingham-based Talbots said in a statement. Talbots said it remains open to pursuing a transaction with Sycamore at its most recent offer of $3.05 a share if the private-equity firm obtains financing commitments and there is an assurance the deal will close.
Mass. Senate OK’s proposal to require mutual companies to disclose compensation Massachusetts senators have passed an amendment to their budget proposal that would require mutual companies to disclose all compensation awarded to executive officers and directors. The measure, which the Senate took up Friday morning in the third day of debate on the budget proposal, comes in response to reports that Edmund Kelly, Liberty Mutual’s former chief executive officer, received around $50 million a year in compensation.
New (RED) ad from Hill Holliday set to air Boston ad agency Hill Holliday is unveiling a new TV spot for (RED), a group whose goal is an AIDS-free generation. The group has persuaded various retailers to designate some of their merchandise as (RED) items. When a consumer buys a (RED) designated item, a fraction of the profits is earmarked to the fight against AIDs. Titled “Tears,” the TV ad encourages viewers to support efforts to end the the transmission of HIV from mother to child by 2015.
Fullbridge raises $5.5m Fullbridge Inc. said it has raised a $5.5 million investment round. The round included such investors as GSV Capital Corp., the investment fund headed by Michael Moe. Moe will also be joining Fullbridge’s board of directors. Headquartered in Cambridge, Fullbridge offers “boot camps” that aim to help students at top colleges and graduate schools to make a successful transition from high academic achievement to success in the workplace.
Vertex’s cystic fibrosis treatment wins EU regulator’s backing Vertex Pharmaceuticals Inc.’s Kalydeco, the first medicine to attack the underlying cause of cystic fibrosis, won the backing of the European Union’s drug regulator. The drug won approval from the US Food and Drug Administration earlier this year.
Curt Schilling’s 38 Studios lays off all staff; ‘Tragedy,' says R.I. Gov. Chafee Former Red Sox pitcher Curt Schilling’s video game company, 38 Studios, has laid off all of its employees in the wake of financial difficulties, according to a key company consultant.
Partners’ second quarter earnings fall on one-time charge Taking a nearly $110 million write-off on electronic health record systems it will be scrapping, Partners HealthCare System Inc. reported Thursday that its second quarter operating income dropped to $5.3 million from $71.2 million in the same quarter last year. Partners, the state’s largest hospital and physicians network, partly offset the decline through an increase in investment income. But net income fell to $132.2 million for the three months ending March 31, down 20.4 percent from $166.4 million a year earlier.
Jet engine maker Pratt & Whitney cuts 300 US jobs EAST HARTFORD, Conn. — Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the United States, including 200 in Connecticut. The Connecticut-based subsidiary of United Technologies Corp. said the cuts come as it tries to keep staffing in line with business and economic conditions. A company spokesman did not specify which jobs are being cut.
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