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Thu. Jul. 05, 2012 MassHousing closes $4.4m in financing for senior housing in West Roxbury MassHousing, the state’s affordable housing bank, said Thursday that it has closed on $4.4 million in financing to help build Cheriton Heights Senior Housing in Boston’s West Roxbury neighborhood. With 70 rental apartments, the project is a new affordable housing community for senior citizens, and the new six-story building will be located next to an existing 60-unit building for seniors called the Cheriton Grove Apartments. The new building is scheduled for completion in August 2013.	Advertisement
Vt., NH, and Maine telecom offers copper reward SOUTH BURLINGTON, Vt. — FairPoint Communications is offering rewards to help find the people responsible for a series of copper thefts across Vermont, New Hampshire ,and Maine. The company says that in Vermont alone copper thefts have cost the company $20,000. FairPoint Security Manager Marc Lussier says the thefts are a growing public safety concern that could cause a loss of service for people who need emergency services and there is also concern that an untrained person removing cable could be injured.
Sanofi to end Toulouse, Montpellier research, union says Sanofi plans to end research in Toulouse, where the blockbuster Plavix blood thinner was developed, and Montpellier, further downsizing French operations, a union representative at the company said. About 600 jobs are at risk in Toulouse and 200 in Montpellier, Thierry Bodin, a representative of the CGT union, told reporters in Gentilly, outside of Paris, after a meeting with managers. Europe’s third-biggest drugmaker wants to regroup its research in the Paris region and around Lyon, he said.
TJX: June same-store sales rose 7 percent TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday that June same-store sales rose 7 percent and added that it is raising its second-quarter and full-year guidance. The company said the 7-percent gain “significantly exceeded our expectations.” TJX is now expecting second quarter earnings per share to be in the range of $.52 - $.53. For the full year, TJX is raising its EPS guidance to $2.31 - $2.39.
EMD Millipore wins R&D Magazine 100 Award EMD Millipore, the Billerica-based life science division of Merck KGaA , said Thursday that it has received an R&D Magazine 100 Award for its Samplicity filtration system, an ergonomic alternative to syringe-tip filters for the preparation of liquid chromatography samples. The annual R&D 100 Award recognizes the 100 most technologically significant products introduced into the marketplace over the past year.
Consumers asked to pay more for milk to save farms MONTPELIER — Consumers will pay a little more for coffee and chocolate to ensure the farmers who produce those foods get a fair wage, so why not ask them to pay more for milk? That is the notion behind a program designed to raise money for struggling New England dairy farms while educating consumers about those family businesses. Keep Local Farms urges colleges, universities and other institutions in New England to charge a little more for milk, with the extra money going to farmers in the region.
MIT’s Robert M. Townsend wins Frisch Medal, his second Robert M. Townsend, a professor of economics at the Massachusetts Institute of Technology, has won the Frisch Medal of the Econometric Society for the second time, the first economist to do so. Townsend shared this year’s award with Joseph Kaboski of the University of Notre Dame, who is also a former student of Townsend’s. The announcement was made by the Consortium on Financial Systems & Poverty, a private research organization where Townsend and Kaboski are affiliated researchers.
Health insurer to pay more than $1.7 million to settle charges of deceptive marketing to veterans in Massachusetts Life Insurance of North America has agreed to pay more than $1.7 million to Massachusetts consumers and the state government to settle allegations that the company used deceptive tactics to market cancer and surgical insurance to more than 1,000 veterans living in the state. The consent judgment was filed Monday. An accompanying complaint lodged by Attorney General Martha Coakley’s office said it misrepresented insurance products as a government benefit for veterans, illegally denied coverage based on pre-existing conditions and made false claims about rates.
Digitas boot camp schools kids in digital marketing skills The Boston office of Digitas just wrapped up a one-week boot camp on digital marketing that had local high school students immersed in consumer analytics, smartphone marketing apps, and banner ads tailored to social media sites. Now a unit of the French advertising giant Publicis Groupe, Digitas has been running the “Eternship” boot camp every year since 2000. This year’s crop of students was issued the following assignment: Devise a marketing campaign with the potential to boost a quick-service restaurant’s afternoon traffic by 10 percent.
Medical devices to get unique identification numbers in FDA plan Medical devices including catheters, defibrillators, heart stents, and artificial joints will carry unique identification numbers under a plan proposed by the US Food and Drug Administration to improve patient safety.
Providence area has highest Hispanic jobless rate A new report says the Hispanic unemployment rate in the metropolitan area that includes Providence as well as New Bedford and Fall River in Massachusetts is the country’s highest. The Washington-based nonprofit Economic Policy Institute says the rate in the area was 23.3 percent in 2011. That was double the national Hispanic unemployment rate of 11.5 percent in 2011. The policy group says Orlando, Fla., had the next highest rate of 16.6 percent, followed by the Riverside, Calif., metropolitan area.
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