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Friday. Aug. 31, 2012 Bernanke: With unemployment high, Fed can do more Chairman Ben Bernanke made clear Friday that the Federal Reserve will do more to boost the economy because of high US unemployment and an economic recovery that remains "far from satisfactory."	Advertisement
Innovation Amplifiers: 25 people who are turning up the volume on innovation in Boston Who has been most active in 2012 at working to make Boston's innovation economy better?
Gas prices at record levels for Labor Day weekend Gasoline prices in Massachusetts and nationwide are the highest ever heading into Labor Day weekend, causing some drivers to rethink travel plans for the end-of-summer holiday.
Ford on track to beat Toyota with best-selling car Ford Motor Co. says its Focus small car is on track to become the best-selling car in the world this year, trumping the Toyota Corolla.
Twitter unveils new targeting tool for advertisers Twitter is offering a new way for advertisers to deliver their marketing pitches to the people who are most likely to buy their products and services.
Why read the fine print when booking hotels? New fees and novel freebies continue to pop up on hotel bills. Knowing what’s included — and what you’re willing to pay for — can make a big difference when it comes time to settle the bill.
Mass. Division of Insurance rejects proposed hike of workers’ compensation rate The Division of Insurance said Thursday that it has rejected a request to increase Massachusetts workers’ compensation rates by 18.8 percent. As a result of that decision, which followed a five-month hearing process, rates will be unchanged, and businesses will save an estimated $200 million on projected premium increases, according to the Division of Insurance. Workers’ compensation insurance provides coverage for such things as lost wages and medical care for workers injured on the job.
Sunovion to buy Elevation Pharmaceuticals in a deal with a $100m upfront payment Sunovion Pharmaceuticals Inc, the Marlborough-based subsidiary of a big Japanese drug company, said Thursday that it has agreed to buy Elevation Pharmaceuticals Inc., a privately held company specializing in the development of aerosol therapies for patients with respiratory diseases. Sunovion said it will make an upfront payment of $100 million to the shareholders of California-based Elevation on the closing of the acquisition. The sales agreement also calls for more than $300 million in additional milestone payments if certain conditions are met.
HFF facilitates $59m ground lease of Boston’s 177 Huntington Ave. HFF, a provider of commercial real estate and capital markets services, said Thursday it has finalized a long-term $59 million ground lease of 177 Huntington Ave. on the Christian Science Plaza in Boston. In the transaction, HFF said it exclusively represented The First Church of Christ, Scientist, and the trustees of Church Realty Trust and procured the ground lessee, an affiliate of Beacon Capital Partners. 177 Huntington Ave. is a 26-story office tower with nearly 200,000 square feet of space.
FDA approves Cambridge firm’s drug for constipation, irritable bowel syndrome The Food and Drug Administration said Thursday that it has approved Ironwood Pharmaceuticals Inc.’s drug to treat chronic constipation and irritable bowel syndrome. Chronic constipation affects an estimated 63 million people, and Ironwood’s drug, called linaclotide, has the potential to be a blockbuster drug, with some stock analysts projecting that the Cambridge company’s drug could ring up sales of more than $1 billion a year worldwide.
Ariad says EU regulator grants accelerated review for its cancer drug candidate Ariad Pharmaceuticals Inc. of Cambridge said the European Union’s drug regulator has granted its request for accelerated assessment of its new cancer medicine, which may lead to a faster approval. Ariad submitted ponatinib to the European Medicines Agency Wednesday for a cancer of the white blood cells known as chronic myeloid leukemia, the company said in a statement Thursday. The accelerated assessment may shave off “several months” from the typical process that takes about a year, Ariad said.
TJX reports 8 percent rise in August same-store sales TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday said that its August same-store sales rose 8 percent when compared with sales from August of last year. Same-store sales, which include sales only at stores open at least a year, are regarded as an important measure of a retailer’s performance.
Moving to a new place? Comcast wants to help with your ‘digital’ move As one of the busiest moving periods of the year approaches, Comcast Corp. is promoting its Movers Edge program as a way of making a move to a new home a little less stressful. In the Internet age, though, moving isn’t just about filling out change-of-address forms and hauling sofas and book-cases from Point A to Point B; it’s also about moving an individual’s “digital” presence, says Comcast, a company that provides of a range of entertainment and information services such as Internet service and cable TV.
Six Flags New England to add a big new water-slide complex to its line-up of rides Six Flags New England announced plans Thursday to add Bonzai Pipelines, a 65-foot tall water-slide complex featuring six drop hatch slides, to its theme park in Agawam next spring. Bonzai Pipelines will feature six looping slides set atop a 65-foot tower. After reaching the top of the tower, thrill-seekers will step into the ‘DrenalineDrop launching capsule. The floor will then drop out beneath them, sending them free-falling down the slide, twisting and turning before landing in a splash run-out. Riders will surf the 257-foot slide at up to 40 miles per hour.
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