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Mon. Aug. 06, 2012 Nexage increases Series B financing to $15m Nexage, a Waltham-based mobile advertising exchange, said Monday that it closed an additional $5 million in funding from Hearst Interactive Media. With that investment, Hearst joins SingTel Innov8, Relay Ventures, and GrandBanks Capital in Nexage’s Series B round, and the round now totals $15 million. According to industry statistics, the mobile advertising market is expected to grow to $20.6 billion by 2015.	Advertisement
Cross Insurance is now the official insurance broker of the New England Patriots The Kraft Sports Group said Monday that Cross Insurance is now the official insurance broker of the New England Patriots, the New England Revolution, and Gillette Stadium. In addition to serving as the official insurance broker, Cross Insurance will maintain a “visible presence” at Gillette Stadium and Patriot Place throughout the 2012 professional football and soccer seasons.
Deal to sell Salem power plant closes; new gas plant and development planned A New Jersey company said Monday that it has finalized its purchase of the aging Salem Harbor Power Station, which it plans to replace with a state-of-the-art gas-fired plant on a portion the site, potentially opening the rest of the waterfront property to commercial development. Footprint Power LLC said the deal to buy the decades-old plant from Virginia-based Dominion Energy Inc. for an undisclosed sum closed Saturday.
Zimmer wins Genzyme patent trial over knee-arthritis treatment Zimmer Holdings and Seikagaku Corp. won a US patent-infringement trial brought by Sanofi’s Genzyme over a treatment for arthritis in the knee. A federal jury in Boston said the Gel-One product made by Seikagaku and distributed by Zimmer doesn’t infringe a Genzyme patent for a method to treat arthritic pain in the knee. Genzyme’s Synvisc-One product was the only single-injection treatment approved by US regulators until Gel-One was given clearance. The injection of a hyaluronic acid gel provides pain relief for as long as six months, Cambridge-based Genzyme said.
Mass. gas prices rise 3 cents a gallon The average price for gas in Massachusetts is $3.589 a gallon in the latest weekly AAA survey, up 3 cents from the previous week’s average, AAA Southern New England said Monday. Local prices have risen 20 cents over the past month, AAA Southern New England said. The current national average is $3.61 a gallon. A year ago at this time, the Massachusetts average price was $3.73.
DRC wins $13m contract Dynamics Research Corp., an Andover company that provides consulting, engineering, and technology services to federal and state governments, said Monday that it has been awarded a $13 million contract to support unmanned aircraft systems support. The contract was awarded by the Army Contracting Command-National Capital Region to support the Air Force Medium Altitude Unmanned Aircraft Systems Program Office, said Dynamics Research Corp., which is also known as DRC.
Ben & Jerry’s launches local tweets for treats promo --- and free treats at that Ben & Jerry’s, the Vermont ice cream brand, said it is setting its Scoop Truck loose on the Boston area, starting Monday. The truck will be dishing out free samples of Ben & Jerry’s latest flavors. “Follow the truck on Twitter @BenJerrysTruck and check out www.facebook.com/benjerry,” the company said. “Tweet the truck for a chance to bring some peace, love, and new Greek Frozen Yogurt to your worthwhile event.” Plans call for the Ben & Jerry’s Scoop Truck to be touring the Boston area through Aug. 31.
Advent agrees to buy Ares’ AOT, maker of Serta mattresses Advent International Corp., the Boston-based leveraged buyout firm founded by Peter Brooke, agreed to buy a majority stake in AOT Bedding Super Holdings, the maker of Serta and Simmons mattresses. The transaction values the mattress company at about $3 billion including debt, said a person with knowledge of the matter. The purchase is expected to be completed in the fourth quarter, Advent said in a statement sent by e-mail that didn’t disclose terms.
Foundation Medicine and Clovis Oncology announce diagnostic collaboration Foundation Medicine Inc. and Clovis Oncology Inc. announced Monday that they have entered into a diagnostic collaboration to develop an in-vitro diagnostic to identify biomarkers to cancer patients most likely to respond to a Clovis drug candidate. Headquartered in Cambridge, Foundation Medicine describes itself as a molecular information company that is focused on cancer care in which treatment is informed by an understanding of the genomic changes that contribute to each patient’s unique cancer.
Boston Globe wins The Gannett Award for Innovation in Watchdog Journalism for fish mislabeling series The Boston Globe has won The Gannett Award for Innovation in Watchdog Journalism for a 2011 series on the mislabeling of fish at area restaurants and supermarkets. The award, which comes with $5,000 in prize money, recognizes groundbreaking journalism that creatively uses digital tools.
Hood Blimp is set to return to air space above Fenway Park HP Hood LLC, a brand known for such dairy products as ice cream, announced Friday that its signature Hood Blimp is about to take to the skies over Fenway Park for the first time since 2008. Weather permitting, plans call for the airborne icon to be aloft for Saturday evening’s scheduled game between the Red Sox and the Minnesota Twins. Folks who take photos of the blimp and share them on social media will be eligible for prizes such as Red Sox tickets or a ride on the blimp, Hood said.
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