Wednesday, September 26, 2012

Daily Business Update

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Daily Business Update


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Wed. Sep. 26, 2012

Microsoft Cambridge event features Gov. Patrick

Microsoft Corp. will be opening its new offices in Cambridge Thursday with an event that will feature Massachusetts Gov. Deval Patrick. The 113,000-square-foot site at

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Catalina Marketing moves to Boston’s Seaport

A Florida-based technology company is moving to Boston’s Seaport District, where it intends to triple its number of employees over the next several years. Catalina Marketing Inc., a maker of digital advertising products, has signed a lease to move into 75,000-square-feet of office space at 24 Farnsworth Street. Earlier this year, the company acquired Quincy-based Modiv Media as part of its expansion into Boston.

More than 21,000 former Mass. homeowners eligible for cash payments under foreclosure deal

More than 21,000 former homeowners who lost their Massachusetts properties to foreclosure between 2008 and 2011 should soon receive forms to apply for compensation, Attorney General Martha Coakley said Wednesday. They will share in about $14.6 million allotted to the state as part of a $25 billion national mortgage settlement between attorneys general and five major

Nominate someone who has championed diversity in Massachusetts

The winter issue of The Boston Globe’s Diversity Boston magazine will honor the people who have done the most for diversity in Massachusetts in recent years. Do you know someone who deserves to be recognized? We’re looking for nominations of people who have had an impact in every field such as business, government, nonprofit, schools and academia. We’re hoping to find people whose understanding of underrepresented groups has helped tear down old barriers and opened doors for all.

Boston ranks 10th on KPMG survey for US cities with friendly tax structures for business

Boston placed 10th among US urban areas in an international survey of cities that offer the most favorable tax structures for businesses. The survey, a study of 55 cities from around the world, was issued by KPMG International, and it broke down results both globally and by US cities. Among US cities, the survey found that Cincinnati, Baltimore, and Cleveland offer the most favorable tax structures for businesses. It was in this category that Boston ranked 10th.

NStar Gas scores high in J.D. Power survey

NStar Gas, a subsidiary of Northeast Utilities with roughly 300,000 gas customers in Eastern and Central Massachusetts, said it was ranked high in a customer satisfaction study conducted by J. D. Power and Associates, a global marketing information services company. In seeking to measure the satisfaction of residential customers with their gas utilities, California-based J.D. Power broke down the results of its study by both region and size. Among midsize utilities in the East, NStar received J.D. Power’s top score.

UMass Memorial Medical Center to do away with another 140 full-time jobs

UMass Memorial Health Care is stepping up its restructuring efforts, telling employees Tuesday that it plans to pare another 140 full-time jobs at its flagship hospital in Worcester. In a letter to the system’s 13,200 employees, chief executive John G. O’Brien blamed declines health insurance payments and the number of patients it treats. He said the latest cuts will come on top of about the 150 positions that have been eliminated at UMass Memorial Medical Center in Worcester since February.

InVivo holds ribbon-cutting ceremony for its new office in Kendall Square

InVivo Therapeutics Holdings Corp., a company developing technologies for the treatment of spinal cord injuries and neurotrauma, said it held a ribbon cutting ceremony Tuesday for its new headquarters office at One Kendall Square in Cambridge. The new quarters will house the company’s office, manufacturing, and lab space in a 21,000-square-foot facility. The company’s 34 employees were previously located at several small offices and now will be consolidated under one roof.

Davio’s cuisine will be available at new Showcase Cinema in Chestnut Hill

Local theater goers may soon be able to enjoy upscale pizza and chicken parm spring rolls --- along with the latest Clint Eastwood movie --- under a plan that calls for a Davio’s Cucina restaurant to share space with a Showcase Cinemas theater now under construction in Chestnut Hill. Showcase Cinemas, part of National Amusements Inc., and Davio’s envision a state-of-the-art theater complex with fine-dining options; the complex will occupy 40,000 square feet of space that was once home to a Macy’s department store at the Chestnut Hill Shopping Center.

Who drinks the most coffee? Survey from Dunkin’ Donuts & CareerBuilder seeks to find out

Scientists drink more coffee than school teachers, and food-service workers down the most joe of all. That’s one take-away from a new survey commissioned by Dunkin’ Donuts, the Canton-based coffee-and-baked-goods chain, and CareerBuilder, a job-search website. The survey was released as National Coffee Day (Sept. 29) draws nigh, and one objective is to determine the coffee consumption habits of various professions and how the “daily grind” fits into the workplace (to filch a felicitous phrase from the Dunkin’/CareerBuilder press release).

State Street Global Markets: Investor confidence index falls in September

A global investor confidence index maintained by State Street Global Markets has dropped in September. As investors in North America and Asia shied away from risk, the global index fell from August’s revised reading of 91.0 to 86.9, said State Street Global Markets, the investment research and trading arm of State Street Corp., a Boston-based financial services company.

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