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Mon. Jul. 23, 2012 Navy radio might be crippling Conn. garage doors HARTFORD, Conn. — The US Navy says a military new radio system may be keeping some people in southeastern Connecticut from opening and closing their garage doors. Chris Zendan, a spokesman for submarine base in Groton, tells the Day of New London that the Enterprise Land Mobile Radio system can interfere with garage-door openers. Overhead Door Co. of Norwich Inc. tells the newspaper it’s been receiving complaints from several towns near the base, and has found no problem with its equipment.	Advertisement
‘Gansett beer goes retro with 1975 design PROVIDENCE — Rhode Island’s best-known beer is going retro. Narragansett Beer has temporarily reintroduced the design of the can it sold in the 1970s. A can of the beer — with that design — was featured in one of the most famous scenes in the 1975 film ‘‘Jaws.’’ Captain Sam Quint, the shark hunter played by Robert Shaw, crushes a can of ‘Gansett with one hand to intimidate the oceanographer played by Richard Dreyfuss.
AAA: Average price for gas in Mass. rises 9 cents a gallon The average price for gas in Massachusetts was $3.569 a gallon in the latest weekly survey from AAA, up 9 cents from the previous week’s average, AAA Southern New England said Monday. This is the third consecutive week of increases, the association added; prices locally are up 20 cents over the last three weeks. The current national average for gas is $3.47 a gallon. A year ago at this time, the Massachusetts average price was $3.74.
Bulfinch buys Atrium Mall and will convert it into a medical and office center An affiliate of the Bulfinch Cos., a Needham-based real estate investment firm, said Monday that it has acquired the troubled Atrium Mall in the Chestnut Hill neighborhood of Newton and added that it plans to convert the property to a medical and office center. A purchase price was not disclosed. A Bulfinch spokeswoman identified the seller as Mayflower Atrium LLC. Bulfinch said it will rebrand the roughly 300,000-square-foot property on Route 9 as “Atrium Center at Chestnut Hill” after extensive renovations that are scheduled for completion next year.
Aurora Imaging Technology announces China distribution agreement Aurora Imaging Technology Inc., a North Andover company that has developed an MRI system specifically designed for 3-D breast imaging, announced Monday an exclusive China distribution agreement with the SUMEC Group Corp., one of the largest import and export corporations in China. This agreement gives both companies a platform to expand China’s rapidly rising diagnostic and screening markets for breast MRI’s. “The incidence of breast cancer in parts of Asia is increasing rapidly and is catching up with Western rates,” Aurora noted.
Staples kicks off annual school supply drive for kids in need Office supply giant Staples Inc. is holding its annual school supply drive, and this year, the company plans to donate more than $130,000 worth of supplies to needy students nationwide. Staples’ partner in the program is DoSomething.org, an organization that promotes teens and social change. To highlight the program, Framingham-based Staples held an event in Los Angeles that had celebrities stuffing backpacks with school supplies for local students in need.
Suffolk Construction launches subcontractor development program Suffolk Construction said it is launching a professional certificate program that will provide core construction management skills to disadvantaged, minority, and women-business subcontractors. The program is set to begin on Sept. 13 and will be provided at no cost to 30 selected participants. Goals of the program include strengthening the capacity of disadvantaged, minority, and women business enterprises and fostering relationships with Suffolk, the largest general contractor in New England
Kayak rises in Wall Street debut The Facebook curse is over. Shares in online travel company Kayak Software Corp. rose 32.6 percent to close at $34.49 on Friday, the company’s first day of trading in the only initial public offering for a consumer Internet company since Facebook Inc.’s disappointing market debut. Kayak sold 3.5 million shares at $26 -- above its price range -- raising $91 million almost two years after the company first filed to go public. The company is trading under the symbol KYAK.
New stores are coming to Square One Mall in Saugus Square One Mall is readying for the back-to-school shopping season with a number of new stores openings, officials for the Saugus shopping complex said. Yo Passion, EbLens, and Perfumania will be opening later this summer, mall officials said, and a P.S from Aeropostale recently opened. Square One Mall is operated by Simon Property Group, which owns or has an interest in 339 retail real estate properties in North America and Asia.
Shares of Kayak software are up about 30 percent in first day of trading Shares of Kayak Software Corp. traded as high as $34.69 Friday morning in their first day of trading, or about 33 percent higher than the $26 that the company priced the shares on Thursday. Kayak, which has offices in Concord and Norwalk, Conn., initially filed to go public more than 15 months ago, in 2010. But analysts said the company was being cautious since another travel firm, TripAdvisor Inc., saw disappointing results on Wall Street, while Internet giant Google Inc. is moving into the online travel business.
A123 surges on China grid-stabilization contract A123 Systems Inc., a Waltham-based maker of lithium-ion batteries for electric cars, surged the most in more than a month after winning a contract to supply a 2-megawatt system to China’s Ray Power Systems Co. to help regulate power- grid frequency. A123 shares rose 13 percent to 78 cents at 9:35 a.m in New York. The batteries will store electricity until needed to help stabilize China’s electric grid and allow for the integration of fluctuating renewable-energy resources such as wind and solar power plants.
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