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Mon. Jul. 09, 2012 Malware threat fizzles as FBI shuts down servers The Federal Bureau of Investigation and a consortium of Internet security experts said Monday that the much-feared “DNS Changer” Internet crisis hasn’t materialized.	Advertisement
Mass. gas prices rise for the first time in nearly three months The average price of gas in Massachusetts was $3.389 a gallon in the latest weekly survey from AAA, up 2 cents from the previous week’s average, AAA Southern New England said Monday. The increase broke a streak of 11 consecutive weeks of price drops. “A recent surge in oil prices is paving the way for an uptick in gasoline prices,” Mary Maguire, director of public and legislative affairs at AAA, said. “The good news is that the numbers are still down more than 50 cents from the peak reached in mid-April.”
Kayak Software seeks up to $87.5m in initial public offering Kayak Software Corp., the online travel company, plans to raise as much as $87.5 million in its US Internet initial public offering. The Norwalk, Conn.-based company, which has a technology group based in Concord, plans to sell 3.5 million shares at $22 to $25 each, according to a regulatory filing Monday. The IPO is scheduled to price July 19, according to data compiled by Bloomberg.
Publix Supermarkets is rolling out Finagle a Bagel The wholesale arm of the Newton-based Finagle a Bagel chain said that it is rolling out its bagels to Publix Supermarkets in the Southeast. Around Boston, Finagle a Bagel may be best known for cafes that offer such fare as freshly prepared bagel sandwiches, wraps, salads, soups, and flatbread pizzas. But the company also sells some of its products in supermarket chains. Publix Supermarkets has more than 1,000 stores and operates in such states as Florida, Georgia, and Alabama.
BMW rolls out new models equipped with Nuance speech-recognition technology Nuance Communications Inc. said Monday that its Dragon speech recognition technology is about to become available in several new vehicles from automaker BMW. Burlington-based Nuance said that the luxury automaker will be making Dragon Drive! Messaging available in the new 2012 BMW 7 Series, the BMW 3 Series Touring, and the BMW 3 Series ActiveHybrid vehicles, with additional models to follow. Unveiled in May, Dragon Drive! Messaging is Nuance’s new automotive-grade connected car service that lets people speak e-mails and text messages.
Raytheon shows off its ‘Aviation Warrior Suit’ Executives at Raytheon Co. are gearing up to unveil a new aviation suit that can equip a helicopter pilot with a wearable computer that links the pilot to data available in the cockpit even when the pilot leaves the aircraft to perform a rescue operation or some other mission. A demonstration of the so-called “Aviation Warrior Suit” is making its debut at the Farnborough International Airshow in the United Kingdom.
Suffolk Construction, Emerson College to pay $500k in penalties for alleged asbestos violations Sufffolk Construction Co. and Emerson College will each pay $250,000 in civil penalties to resolve alleged violations of asbestos regulations that occurred during the renovation of a building to be used as a dormitory, the office of Massachusetts Attorney General Martha Coakley announced Friday. Suffolk and Emerson agreed to settle the case but denied all allegations of wrongdoing, according to Coakley’s press release.
Acme Packet: Preliminary 2Q results disappointing, shares fall nearly 15% Shares of Acme Packet Inc. were down nearly 15 percent in midafternoon trading Friday after the Bedford telecommunications company warned earlier in the day that it expects its second-quarter results to be disappointing. “We are disappointed with our preliminary results for the second quarter,” company president and chief executive Andy Ory said in a statement. “Our top line results were principally impacted by continued weakness in the North American service provider market.”
Cambridge Savings Bank expands Sunday hours Cambridge Savings Bank is adding Sunday hours at more branches, becoming the latest bank in Massachusetts to operate seven days a week at a substantial portion of its locations. The Cambridge bank, which has 16 branches in the Boston area, recently started opening for five hours on Sunday in Acton, Burlington, and Porter Square in Cambridge. The banks said Friday it plans to add Sunday hours to two more branches in Newtonville and Arlington Center on July 15.
Former Red Sox pitcher Curt Schilling and wife Shonda Schilling defend failed video game company 38 Studios Former Red Sox pitcher Curt Schilling and his wife took to Facebook Friday to defend his failed video game company, 38 Studios, which filed for bankruptcy last month. On Thursday, the Associated Press reported that for days, 38 Studios put off state auditors who were seeking access to the company’s financial records in late May after 38 Studios shuttered its operations. The state is trying to piece together what happened after 38 Studios burned through nearly $50 million of a state-backed loan.
A123 Systems hopes to raise $9m in share offering A123 Systems Inc., a maker of batteries for electric vehicles that is struggling to stay in business, said Friday that it plans to sell stock and warrants to raise about $9 million in proceeds after expenses. The Waltham-based company also said it expects to soon have access to $30 million in previously restricted cash. But its shares fell more than 10 percent in midday trading. The company warned in May that it continues to post significant losses and may not be able to stay in business unless it’s able to secure more financing.
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