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Tue. Oct. 30, 2012 Boston Globe circulation rises nearly 12 percent, Boston Herald falls nearly 15 percent The Boston Globe’s daily circulation rose nearly 12 percent during the six-month period that ended Sept. 30, buoyed by the growth in digital subscriptions, according to an organization that tracks newspaper readership. The Globe’s circulation, which includes subscriptions to BostonGlobe.com, increased 11.9 percent to 230,351 compared with the same six months in 2011, according to the Audit Bureau of Circulations. The Globe’s Sunday circulation, including digital subscriptions, rose 3.4 percent to 372,541.	Advertisement
Most banks reopen after Sandy; some will waive fees for customers affected by the storm Most banks across Massachusetts reopened Tuesday morning after the heavy winds from Hurricane Sandy subsided overnight. Citizens Bank, TD Bank, Sovereign Bank, Eastern Bank and Rockland Trust all said most or all of their branches were open Tuesday morning -- except in scattered areas hit especially hard by the storm. Bank of America, the largest bank in Massachusetts, said its branches remain closed Tuesday morning, but could re-open later in day.
Half of Logan’s flights canceled Tuesday; Amtrak, bus service to New York also canceled About half the flights at Logan International Airport were canceled Tuesday, including all service by the airport’s largest carrier, JetBlue Airways, as airlines started repositioning planes and rebuilding schedules after Monday’s massive travel disruptions due to Hurricane Sandy. About 90 percent of the airport’s approximately 1,000 inbound and outbound flights were scrapped Monday as the East Coast bore the brunt of the storm.
Many banks reopened Tuesday morning Citizens Bank, TD Bank, Sovereign Bank, Eastern Bank, and Rockland Trust all said most or all of their branches were open Tuesday morning -- except in scattered areas hit especially hard by the storm. Eastern Bank, for instance, said 93 of 94 branches were open, but its Westford location was closed due to a power outage in the area. Bank of America, the largest bank in Massachusetts, said its branches remain closed Tuesday morning, but could re-open later in day.
State Street’s global investor confidence index posts an all-time low A global investor confidence index maintained by State Street Global Markets posted a drop to an 80.6 October reading, the lowest monthly reading in the index’s 14-year history. October’s reading is down 6.7 points from a revised September reading of 87.3. State Street Global Markets is the investment research and trading arm of State Street Corp., a Boston-based financial services company. Institutional investors continue to reallocate away from equities and towards fixed income and cash securities, said Kenneth Froot, a Harvard professor who helped to develop the index.
Nasuni, a provider of enterprise storage services, secures $20m in funding Nasuni, a Natick-based provider of enterprise storage services, said Tuesday that it has closed on $20 million in Series C funding from a key new investor.  Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners also participated in the financing. “The new funds will be used to expand sales and marketing efforts and to drive continued innovation in the storage-as-a-service market,” Nasuni said.
QuantiaMD closes $12m expansion round Waltham-based QuantiaMD, an online physician community and collaboration platform, announced Tuesday that it has closed a $12 million expansion round from existing investor, Fuse Capital. The funding will be used to meet the growing demand from payers and health systems that need to engage and align physicians to achieve important objectives and goals that lead to improved quality of care.
Massachusetts foreclosure activity slows in September Massachusetts foreclosure activity dropped in September, another sign that the housing market may be recovering, the Warren Group said Tuesday. In September, 973 petitions were initiated, a 16.4 percent decline from September 2011, said the Warren Group, a Boston firm that tracks local real estate activity. Petitions are the first step of the foreclosure process. All told, 510 foreclosure deeds were recorded in September, a 32 percent decline from the same month a year ago.
AVEO unveils restructuring that will lay off 45 employees AVEO Oncology, a Cambridge company looking to develop a potential treatment for advanced kidney cancer, said Tuesday that it has embarked on a “strategic restructuring” that will result in a reduction in force of 45 positions, or 17 percent of its workforce, as well as the elimination of 30 open positions. The reduction is part of a cost-savings program that is expected to save the company $100 million over the next three years, with $37 million of those savings projected to come in 2013. The restructuring will enable AVEO to extend its cash runway through 2013.
Sandy forces earnings reports back With Sandy closing US stock market for two consecutive days, a number of public companies delayed or cut short their scheduled release of quarterly earnings this week.
Utilities warn that storm’s high winds could delay power restoration As Hurricane Sandy draws nearer, the storm’s increasingly high winds and lashing rains will prevent utility crews from safely working to restore outages, meaning that Massachusetts residents who lose power should be prepared for the lights to stay off for a prolonged period. Utilities typically won’t send a crew out into a storm with winds over 30 miles an hour, according to Marcy Reed, National Grid’s president in Massachusetts.
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