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Tue. Aug. 14, 2012 Southwest launches daily nonstop service between Boston and Nashville The fragrant Southern smell of barbecue wafted through Terminal E at Logan International Airport on Tuesday as Southwest Airlines celebrated the launch of daily, nonstop service between Boston and Nashville. Nashville mayor Karl Dean was on hand for the occasion, along with Boston mayor Thomas Menino. Food from Nashville’s Neely’s Bar-b-que was served.	Advertisement
iRobot lauches two new robots iRobot Corp. released two new robots into the world on Tuesday: a Looj 330 gutter-cleaning robot and a Roomba 600 series vacuum cleaning robot. The new Looj is an improvement on previous models, the company said, because it has a faster, more powerful auger, a lower profile, and smarter operational features. The new entry-level Roomba 600 Series robots incorporate optimized airflow and an improved brush design for more thorough and effective cleaning.
Gas prices up 9 cents in Mass. Gasoline prices in Massachusetts are up nine cents this week, according to AAA Southern New England. AAA’s August 14th survey of prices in Massachusetts found self-serve, regular unleaded averaging $3.679 per gallon, nine cents more than a week ago. Prices locally are up 20 cents over the past month.
Pending sales of homes, condos up in Mass. The number of single-family homes and condominiums put under agreement in Massachusetts was up in July, the 15th straight month that the number of single-family homes and condominiums put under agreement increased compared to the same time the year before, according to data released on Tuesday by the Massachusetts Association of Realtors. Pending figures are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.
Revenues, earnings up at Kronos Kronos, Inc., which sells workforce management systems, announced that its third-quarter revenues were $224.8 million, with earnings before interest, tax, and amortization at $59.9 million. That’s an 8 percent increase in revenue over the previous quarter, and a ten percent increase in earnings.
Green Mountain trademarks Rivo name for espresso machine Green Mountain Coffee Roasters Inc., which plans to introduce an espresso maker this year to compete with Starbucks Corp., trademarked the name Rivo for a machine to make such drinks.
The TJX reports sales growth The TJX Companies, Inc., the off-price retailer of apparel and home fashions based in Framingham, on Tuesday reported strong sales and earnings results for the second quarter ended July 28, 2012. Net sales for the second quarter of fiscal 2013 increased 9% to $5.9 billion and consolidated comparable store sales increased 7%. Net income for the second quarter was $421 million.
Visible Measures raises $21.5 million Visible Measures, an online video advertising platform, announced on Tuesday that it has secured $21.5 million in funding, led by DAG Ventures with strong participation from existing investors Advance Publications, Inc., owners of Conde Nast, General Catalyst Partners, Mohr Davidow Ventures, Northgate Capital, and new investor Commonfund.
Paragon Communications acquires 72-acre property in Bolton, Mass. Paragon Holdings has acquired a 72-acre property in Bolton, Massachusetts, where it will consolidate operations into a global headquarters for Paragon Communications, Inc. Paragon purchased the property, formerly the Future Electronics site, from RGM Holdings for $8 million and intends to invest $1 million in the building.
David S. Schechner named managing director of healthcare unit of Robert W. Baird & Co. Robert W. Baird & Co. has named David S. Schechner managing director of its healthcare investment banking group in Boston. Schechner joins the Milwaukee-based firm from Canaccord Genuity Inc., where he has led the biotechnology and pharmaceutical banking group since 2008. Before that, he founded and ran the biotech banking group at Needham & Co. He has previously held investment banking roles at Goldman Sachs & Co. and Bear Stearns.
Aviation industry groups predicts cutbacks if Congress can’t agree on deficit reduction Airline traffic could be reduced, and airports like Logan International Airport in Boston would be forced to reduce services, if Congress can’t agree on a deficit-reduction plan by January 2, according to a new report. On Monday the Aerospace Industries Association, an industry group, released a report that predicted that the U.S. Federal Aviation Administration’s $15.9 billion budget would be cut by $1 billion a year, a 6.3 percent reduction from current levels. The cuts, known as sequestration, will take place automatically if Congress can’t agree on a plan to reduce the deficit.
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