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Wed. Oct. 03, 2012 NH cuts unemployment insurance tax for employers CONCORD, N.H. — Governor John Lynch has announced a cut in the unemployment insurance tax paid by 40,000 New Hampshire employers of .5 percent. The reduction applies to taxable wages paid to employees during the fourth quarter of 2012, which started Monday.	Advertisement
Massachusetts is again the top state on an energy efficiency scorecard Massachusetts is once again number one on a list that ranks states by their energy efficiency initiatives. The State Energy Efficiency Scorecard is compiled by the American Council for an Energy-Efficient Economy, a Washington, D.C.-based nonprofit group advocating energy efficiency policies. This is the sixth year that the group has released a scorecard. And this is the second time that Massachusetts has held the top spot. Other states that scored well on the latest scorecard include California, New York, Vermont, Connecticut, and Rhode Island.
Merrimack Pharmaceuticals is taking more space at One Kendall Square in Cambridge Merrimack Pharmaceuticals Inc. has signed a lease for a bit less than 110,000 square feet of space at One Kendall Square in Cambridge, said a broker involved in the transaction. The broker is Colliers International, which represented Merrimack in the lease negotiations. The lease represents a 25,000 square foot expansion for Merrimack. The firm Cassidy Turley FHO represented the landlord, the Beal Cos., in lease negotiations.
Epizyme earns $4m in milestone payments from GSK Epizyme Inc., a Cambridge company looking to develop personalized therapeutics for patients with genetically defined cancers, said Wednesday that it has received $4 million in milestone payments from collaborator GlaxoSmithKline. Since the formation of the alliance, Epizyme said it has received a total of $8 million in milestone payments from GSK. The two companies entered into their alliance last year.
thredUP.com raises $14.5m in Series C financing, Highland Capital Partners led the round thredUP.com, a company founded in Cambridge that moved to San Francisco in 2010, announced a $14.5 million Series C financing led by Highland Capital Partners, a venture capital firm with offices in Cambridge. The company’s goal is to be the world’s largest online retailer of second-hand children’s clothing, chief executive James Reinhart said. Existing investors Trinity Ventures and Redpoint Ventures also participated in the round.
Rockland Trust financing to help J.P. Licks to open three additional ice cream shops Rockland Trust, a commercial Massachusetts bank with $5.1 billion in assets, announced a $4.5 million in refinancing for J.P. Licks, in part to help the local ice cream chain expand from 11 to 14 locations. J.P. Licks Homemade Ice Cream plans to open additional stores in Boston, Lynnfield, and Somerville some time next year. J.P. Licks is headquartered in the Jamaica Plain neighborhood of Boston.
Direct Air carrier fined $300,000 A carrier operating flights for Direct Air, the sole carrier at Worcester Regional Airport until it shut down in March, has been fined $300,000 by the US Department of Transportation for violating rules to protect passengers when public charter flights are canceled at the last minute. Xtra Airways, based in Boise, Idaho, stopped flying charters for Direct Air on March 13, after Direct Air failed to pay Xtra Airways, and many passengers were stranded at airports around the country.
Curt Schilling puts Medfield home up for sale. Asking price: $3.45 million Former Red Sox star Curt Schilling, whose video-game company failed earlier this year, has just put his 26-acre estate in Medfield up for sale, with an asking price of $3.45 million, his real estate agent confirmed Tuesday. The property is being marketed by Landmark Residential Inc. According to Landmark’s website, the “extremely private” estate features a home with 20 rooms, including seven bedrooms and six full baths.
Manchester’s Dyn raises $38 million in venture funding The Manchester, N.H., Internet infrastructure company Dynamic Network Services Inc., better known as Dyn
Argo Medical of Israel plans to open its US headquarters in Marlborough Argo Medical Technologies Ltd., an Israeli company that makes exoskeleton devices enabling paraplegics to walk, said Tuesday that it will be opening its US headquarters in Massachusetts and expects to employ up to 40 people here within the next three to five years. The announcement was made at the AdvaMed 2012 convention, which drew more than 2,000 medical technology professionals to the Boston Convention and Exhibition Center.
TripAdvisor buys Wanderfly TripAdvisor Inc. has acquired Wanderfly, a “travel inspiration” site where visitors can select the attributes they want in a trip, such as “beach,” “budget,” and “off the beaten path,” and the site will recommend destinations based on those descriptions. Users can create Pinterest-type boards of cities, bookmarking favorite attractions and restaurants, and other users can view their recommendations. TripAdvisor, the travel review site based in Newton, did not disclose terms of the acquisition.
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