Thursday, October 11, 2012

Daily Business Update

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Daily Business Update


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Thu. Oct. 11, 2012

Pop chanteuse Taylor Swift will pitch Keds

Keds, the lifestyle sneaker brand based in Lexington, said it has signed a multi-year deal with popular singer-songwriter Taylor Swift. Keds has evolved to the point where its cachet seems to be most appreciated by girls and young women, and many of them are likely to be fans of Swift’s. According to Keds, Swift “embodies the Keds spirit, style, and sensibility.”

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MIT creates new center on wireless tech

The billions of phones, tablets and other gadgets that connect to 3G and 4G cellular data networks aren’t as sophisticated as they look. They’re actually quite primitive, with electronics that consume too much power, software that’s vulnerable to infiltration, and radios that waste valuable bandwidth.

Attivio collects $34 million in new funding to help companies figure out what they know

Attivio, a Newton-based software company, said it has raised $34 million in growth capital. The funding round was led by Oak Investment Partners. Attivio’s software is used by large financial institutions as well as by customers faced with information management challenges across life sciences, government, military, law enforcement, telecommunications, and e-business.

New D’Angelo’s ad campaign plans ‘sandwich interventions’

The Dedham-based D’Angelo’s restaurant chain has launched a new ad campaign featuring “sandwich interventions.” The campaign was devised by Boston ad agency Allen & Gerritsen, and it builds on “Think With Your Stomach,” the new advertising tagline for D’Angelo Grilled Sandwiches, which has 168 locations in New England. As part of the campaign, Allen & Gerritsen is posting a series of “sandwich intervention videos” on such digital channels as Hulu, YouTube, and Spot Exchange.

Greater Boston Chamber of Commerce honors Meridian Associates as Small Business of the Year

The Greater Boston Chamber of Commerce will honor local small businesses at an awards lunch Thursday. The chamber’s Small Business of the Year is Meridian Associates Inc., a Beverly-based consulting firm offering civil engineering, 3D laser scanning, and sustainability consulting services.

UMass Lowell officially opens $80m innovation center

The University of Massachusetts Lowell is set to mark the official opening of its $80 million Emerging Technologies and Innovation Center late Thursday morning. The 84,000-square-foot facility will be home to cutting-edge research in nanotechnology, molecular biology, plastics engineering, and optics that will advance fields such as life sciences, energy, national security, environmental protection, and more.

Parents may tell their kids about birds & bees, but many stay mum about politics

While nearly all parents believe they have a responsibility to educate their children about politics, only one in five parents regularly talks to their kids about such political topics as the presidential election and government’s role in health care, according to a new poll from Liberty Mutual, a global insurance company based in Boston. Another survey finding: More than half of voters say it is important that their children agree with their political views.

With oil prices rising, and temperatures expected to be colder, consumers will pay more to heat their homes this winter

With winter temperatures expected to return to normal following last year’s mild season, Massachusetts residents who warm their homes with heating oil can expect spend a record amount in the next six months, according to a federal forecast released Wednesday.

Netflix reaches deal to end lawsuit over closed captioning of streamed movies, TV shows

Netflix Inc. has reached an agreement with the National Association of the Deaf to ensure that all movies and television shows it streams on the Internet will be closed-captioned for the hearing impaired within two years. The association, along with the Western Massachusetts Association of the Deaf and Hearing Impaired and Massachusetts resident Lee Nettles -- who is deaf -- sued the California-based company over the issue in 2010.

Latest Fed `Beige Book’ shows continued slow growth, modest optimism about region’s economy

Slow job growth continues across the New England region, the Federal Reserve said Wednesday, with manufacturing and retail sectors reporting gains in sales or revenue, consulting and advertising firms “generally upbeat,” and increasing demand for residential real estate.

Genocea Biosciences raises $30m in Series C financing

Genocea Biosciences Inc., a Cambridge company advancing T cell vaccines for infectious diseases, said Wednesday that has raised $30 million in a Series C financing round, bringing its total equity funding to date to $76 million. The Series C round included new investors the Bill & Melinda Gates Foundation and CVF LLC, an affiliate of Henry Crown and Co. Genocea Biosciences said the funding will support its development of experimental vaccines.

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