Tuesday, October 9, 2012

Daily Business Update

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Daily Business Update


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Tue. Oct. 09, 2012

A Jerry Remy’s Sports Bar & Grill is coming to Fall River

Jerry Remy’s Sports Bar & Grill is gearing up to open at a new waterfront location in Fall River, the bar’s managing partner said Tuesday. The 6,200-square-foot location is expected to open later this month; the restaurant can accommodate up to 350 people including 150 outdoor seats. A 70-foot awning will cover half of the patio and provide a temperature-controlled atmosphere for diners. To ensure that no game-time action is missed, there are several video walls, including one 18 feet long.

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Massachusetts gas prices up 4 cents a gallon

The average price for gas in Massachusetts was $3.889 a gallon in the latest weekly AAA survey, up 4 cents from the previous week’s average, AAA Southern New England said Tuesday. Massachusetts prices locally are up 8 cents over the past month. The current national average is $3.81 a gallon. A year ago at this time, the Massachusetts average was $3.41 a gallon.

MFS unveils ads with the theme of, ‘Investment Management for Investment Managers’

MFS Investment Management, a global money management firm based in Boston, said Tuesday that it has unveiled its new brand advertising, which features the theme, “Investment Management for Investment Managers.” The campaign is aimed at professional investors. Print ads are set to appear in such publications as the Wall Street Journal, Barron’s, and the Economist. The ads were developed by Allen & Gerritsen of Boston, MFS’s ad agency of record.

Comcast launches Election Central to help voters follow the presidential campaign

Comcast Corp. said it has just launched Election Central, which will enable subscribers to view major events from the presidential campaign on their television sets or smartphones and tablet computers. Suppose a political junkie wants to take another look at the recent debate between President Obama and the Republican challenger, Mitt Romney. A Comcast TV subscriber could simply go to the on-demand screen and opt to view that debate one more time.

InVivo Therapeutics gets $2m loan from MassDevelopment

MassDevelopment, the Commonwealth’s finance and development agency, has granted a $2 million loan to InVivo Therapeutics Holdings Corp., MassDevelopment and InVivo said Tuesday. InVivo, which looks to use polymers as a platform technology to develop treatments to improve function in individuals paralyzed as a result of traumatic spinal cord injury, plans to use part of proceeds to purchase equipment for the expansion of manufacturing and research capabilities at its new facility in Cambridge.

Vaxxas appoints David Hoey as CEO, initiates collaboration with Merck

Vaxxas, a privately-held biotechnology company focused on vaccines, announced Tuesday that David Hoey has been appointed as chief executive. With Hoey’s appointment, Vaxxas said it is establishing operations in Cambridge to expand access to global pharmaceutical partners and to complement the its research and development operations based in Australia. Vaxxas looks to enhance the performance of existing and next generation vaccines with its proprietary Nanopatch technology platform.

Boston Scientific to acquire Rhythmia Medical

Natick medical device maker Boston Scientific Corp. said Monday that it has agreed to buy Rhythmia Medical Inc., a Burlington developer of software used in medical procedures, for an upfront payment of $90 million and as much as $175 million in additional milestone payments if Rhythmia meets regulatory, commercial and sales targets over the next five years.

New England janitors ratify contract to increase wages, full time jobs

New England janitors involved in a contract dispute that drove them to the brink of a strike voted to ratify a new contract on Saturday, overwhelmingly approving an agreement that increases the number of full-time jobs, boosts wages, and establishes a four-hour minimum shift.

Delta Air Lines adds Boston-Paris service

Delta Air Lines is launching a new nonstop summer route from Boston to Paris as the carrier ramps up its presence at Charles de Gaulle Airport with new service from 11 US destinations. The daily flight, which begins June 1, will be on a Boeing 757 aircraft that seats about 200 passengers.

Attorney general Martha Coakley to oppose federal bill that would take away states’ authority to crackdown on abusive payday lenders

Attorney General Martha Coakley joined 40 attorneys general around the country to urge Congress to oppose a bill that would take away states’ authority to crackdown on abusive payday lenders.

MassChallenge announces 26 finalists in its start-up competition

MassChallenge Inc., the Boston-based nonprofit offering more than $1 million in prizes to promising start-ups, announced 26 finalists in its 2012 startup competition Friday. According to MassChallenge, it received 1,237 applications for this year’s competition from start-ups in 35 countries and 36 states in the US. The finalists include Akrivis Technologies LLC, a Cambridge company looking to speed up cancer detection, and Black Island Wind Turbines, which claims its wind turbines are the toughest on the planet.

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