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Fri. Nov. 30, 2012 Andy Husbands named visiting chef at Logan AirportAndy Husbands, chef/owner of the South End restaurant Tremont 647 and former “Hell’s Kitchen” contestant, is the latest local visiting chef to be featured at Dine Boston at Logan International Airport. | |||
Nanotechnology company Nantero secures $10m funding roundNantero Inc., a Woburn nanotechnology company, announced the closing of an over $10 million Series D financing round. The round was led by two new strategic corporate investors currently engaged in strategic development and partnerships with Nantero, the company said. The round also includes existing investors such as Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Stata Venture Partners, and Harris & Harris Group. Nantero is using carbon nanotubes for the development of next-generation semiconductor products. | |||
Medical device company NeuroMetrix gets FDA clearance to market a pain management systemNeuroMetrix Inc., a Waltham-based medical device company, said it has gotten regulatory clearance to market a device that helps manage chronic pain in the lower leg or foot. The device is called the SENSUS Pain Management System, and it’s a lightweight electrical nerve stimulator that is worn on the upper calf and activated by the press of a button. According to the company’s website, trancutaneous electrical nerve stimulation has been shown to provide pain relief for patients with diabetes. | |||
Jumptap completes relocation from Cambridge to Boston’s Innovation DistrictJumptap Inc., a company specializing in targeted mobile advertising, has completed its relocation from Kendall Square in Cambridge to Boston’s Innovation District, said a broker involved in the transaction. The broker is CB Richard Ellis–N.E. Partners LP, which represented Jumptap in the leasing of 33,000 square feet of space at 155 Seaport Boulevard. Jumptap said its rapid growth necessitated the need for more space. | |||
Aflac chief Dan Amos credits duck for branding successHeard of Aflac? Credit the white animated duck. In the 1990s, just one in 10 people in the United States were familiar with the Columbus, Ga., insurance company. But longtime Aflac chief executive Daniel Amos said Thursday in a speech in Boston that all changed in 2000 after Aflac introduced its new | |||
Planes, trains, automobiles ... and Dunkin’ Donuts joeCiting a jump in airline tickets bought for the upcoming Christmas-to-New Year’s holiday period, Dunkin’ Donuts wants to alert travelers that it now has stores strategically placed at many airports as well as at many bus and train terminals. The Canton-based coffee-and-baked-goods chain says airport and other “non-traditional locations” continue to be strong growth areas for the company. A chain with 10,000 restaurants around the world says it now has more than 500 Dunkin’ outlets at non-traditional locations. | |||
TJX: Same-store sales rose 3% in NovemberTJX Cos., the Framingham-based company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday that same-store sales rose 3 percent in November when compared to sales in the same month a year ago; that gain was “above plan,” TJX said. But Wall Street analysts were expecting a bit more. Same-store sales --- or sales at stores open at least a year --- are regarded by analysts as a strong indicator of a retailer’s performance. | |||
Sebastian Pariath will head John Hancock OperationsJohn Hancock Financial said that Sebastian Pariath has been named as the head of John Hancock Operations, a newly created role in which he will lead the company’s information-services department. Pariath, whose appointment is effective Jan. 1, will report to Craig Bromley, president of John Hancock Financial. John Hancock is a Boston-based division of Manulife Financial Corp., a large financial services company headquartered in Toronto. | |||
Acquia, a Burlington software company, completes $30m financingAcquia Inc., a Burlington company that offers products and services to help customers build websites using an open source publishing platform called Drupal, said it has completed a $30 million financing round, bringing total investment in the company to $68.5 million. Led by new investor Investor Growth Capital, the round includes Goldman Sachs and Accolade Partners, as well as all of Acquia’s current investors, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital. | |||
HP Hood’s ‘soup boutique’ food truck will be dishing free samples in Harvard SquareBisque buffs and soup lovers may want to be on the lookout in Harvard Square Thursday; that’s when the HP Hood Soup Boutique is scheduled to be on the scene, at the Grafton Street Pub & Grill, dishing up soups that make creative use of Hood cream. This soup boutique is on wheels --- not to put too fine a point on it, the boutique is a food truck officially titled the Soup Boutique, Inspired by Hood Cream. | |||
New England economy growing, but slowingThe New England economy continues to grow, but not as fast as other regions across the nation, the Federal Reserve reported Wednesday. The report, known as the “Beige Book,” cited a slowdown in several key areas of the New England economy, including home sales and the region’s important technology sector. | |||
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Friday, November 30, 2012
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Thursday, November 29, 2012
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Thu. Nov. 29, 2012 Aflac chief Dan Amos credits duck for branding successHeard of Aflac? Credit the white animated duck. In the 1990s, just one in 10 people in the United States were familiar with the Columbus, Ga., insurance company. But longtime Aflac chief executive Daniel Amos said Thursday in a speech in Boston that all changed in 2000 after Aflac introduced its new | |||
Planes, trains, automobiles ... and Dunkin’ Donuts joeCiting a jump in airline tickets bought for the upcoming Christmas-to-New Year’s holiday period, Dunkin’ Donuts wants to alert travelers that it now has stores strategically placed at many airports as well as at many bus and train terminals. The Canton-based coffee-and-baked-goods chain says airport and other “non-traditional locations” continue to be strong growth areas for the company. A chain with 10,000 restaurants around the world says it now has more than 500 Dunkin’ outlets at non-traditional locations. | |||
TJX: Same-store sales rose 3% in NovemberTJX Cos., the Framingham-based company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday that same-store sales rose 3 percent in November when compared to sales in the same month a year ago; that gain was “above plan,” TJX said. But Wall Street analysts were expecting a bit more. Same-store sales --- or sales at stores open at least a year --- are regarded by analysts as a strong indicator of a retailer’s performance. | |||
Sebastian Pariath will head John Hancock OperationsJohn Hancock Financial said that Sebastian Pariath has been named as the head of John Hancock Operations, a newly created role in which he will lead the company’s information-services department. Pariath, whose appointment is effective Jan. 1, will report to Craig Bromley, president of John Hancock Financial. John Hancock is a Boston-based division of Manulife Financial Corp., a large financial services company headquartered in Toronto. | |||
Acquia, a Burlington software company, completes $30m financingAcquia Inc., a Burlington company that offers products and services to help customers build websites using an open source publishing platform called Drupal, said it has completed a $30 million financing round, bringing total investment in the company to $68.5 million. Led by new investor Investor Growth Capital, the round includes Goldman Sachs and Accolade Partners, as well as all of Acquia’s current investors, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital. | |||
HP Hood’s ‘soup boutique’ food truck will be dishing free samples in Harvard SquareBisque buffs and soup lovers may want to be on the lookout in Harvard Square Thursday; that’s when the HP Hood Soup Boutique is scheduled to be on the scene, at the Grafton Street Pub & Grill, dishing up soups that make creative use of Hood cream. This soup boutique is on wheels --- not to put too fine a point on it, the boutique is a food truck officially titled the Soup Boutique, Inspired by Hood Cream. | |||
New England economy growing, but slowingThe New England economy continues to grow, but not as fast as other regions across the nation, the Federal Reserve reported Wednesday. The report, known as the “Beige Book,” cited a slowdown in several key areas of the New England economy, including home sales and the region’s important technology sector. | |||
Bullhorn acquires two recruiting software firmsBullhorn Inc., a Boston recruiting software company that pioneered the concept of making candidate and client information accessible online, is acquiring two software firms that provide services to staffing and recruiting agencies, Bullhorn announced Wednesday. With the addition of MaxHire Solutions Inc. of Vancouver, Canada, and Sendouts Inc., based in St. Louis, Bullhorn will have 5,000 clients, 250 employees, and a projected $70 million a year in revenues, up from $40 million this year, the company said. | |||
Google buys Cambridge online marketing firmGoogle Inc. has acquired Cambridge online marketing firm Incentive Targeting Inc., a five-year-old start-up that builds software for retailers to offer customers targeted promotions. Google confirmed the deal Wednesday afternoon, but did not disclose any financial terms. Incentive Targeting had raised nearly $4 million in early-stage funding, largely from area angel investing groups such as Launchpad Venture Group. Christopher Mirabile, co-managing director of LaunchPad, posted a picture on Twitter Tuesday night that appeared to show employees of Incentive Targeting toasting the acquisition. | |||
Joseph V. Morrissey is stepping down as president of Beth Israel Deaconess-Milton hospitalJoseph V. Morrissey is stepping down as president of Beth Israel Deaconess Hospital-Milton, effective Dec. 31, the hospital’s board of directors said Wednesday. Morrissey will be succeeded on an interim basis by Doris Sinkevich, who currently serves as the hospital’s chief operating officer and chief nursing officer, while a committee appointed by the board conducts a search for a successor. | |||
IHOP is already talking about free pancakes on Feb. 5 (National Pancake Day)National Pancake Day is still two months off, but that isn’t stopping the IHOP restaurant chain from alerting the breakfast public that it will once again be dishing up free flapjacks on this culinary high holy day. California-based IHOP said Wednesday that it plans to pair National Pancake Day on Feb. 5 with a fund-raising effort on behalf of Children’s Miracle Network Hospitals. Plans call for IHOP’s roughly 1,500 restaurants across the country to treat guests to a complimentary stack of IHOP’s buttermilk pancakes from 7 a.m. to 10 p.m. | |||
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Wednesday, November 28, 2012
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Wed. Nov. 28, 2012 AMSC is cutting its workforce by 25 percentAMSC, a Devens company that provides technology and products to wind energy companies and power grid operators, said Wednesday that it has reduced its workforce by 25 percent, a move that will leave it with a global headcount of 340 employees. A call to the company seeking additional details was not immediately returned. AMSC added that it expects that today’s action will reduce its annualized expenditures by $10 million and will lower its annualized operating expense. | |||
Ironwood’s drug for irritable bowel syndrome with constipation gets regulatory approval in EuropeIronwood Pharmaceuticals Inc. of Cambridge and its European partner Almirall S.A. said Wednesday that Ironwood’s drug for irritable bowel syndrome with constipation has been approved by European regulators. That same drug is about to go onto the US market, following approval by the Food and Drug Administration earlier this year. According to a recent Globe story, irritable bowel syndrome, or IBS, afflicts 30 million to 40 million Americans. Given the number of people affected, the drug has the potential to be a blockbuster, ringing up annual sales of $1 billion or more. | |||
FDA will review a drug candidate for kidney cancer from AVEO and AstellasAVEO Oncology, a Cambridge-based cancer therapeutics company, and its Japanese partner Astellas Pharma Inc. said Wednesday that federal regulators have agreed to review its drug candidate for kidney cancer. In a press release, the companies said that the Food and Drug Administration has accepted their new drug application for tivozanib, a treatment for patients with advanced renal cell carcinoma, or kidney cancer. | |||
Selecta Biosciences and Sanofi sign global collaborationSelecta Biosciences Inc., a Watertown biopharmaceutical company specializing in synthetic vaccines and immunotherapies, said Wednesday that it has entered into a strategic global collaboration with Sanofi SA, the French drug maker that recently bought Cambridge-based Genzyme. | |||
HFF closes $106.7m sale of four office buildings in Boston’s Seaport DistrictHFF, a provider of commercial real estate and capital markets services, said that it has closed the $106.75 million sale of a portfolio of four office buildings in the Fort Point neighborhood of Boston’s Seaport District. HFF said it exclusively represented the seller, Brickman Associates, and procured the buyer, DivcoWest Properties. The portfolio is made up of office buildings at 300 A St., 313 Congress St., 330 Congress St., and 51 Sleeper St. | |||
Lawyers to offer lessons on how to open a medical marijuana dispensary in MassachusettsMassachusetts and Colorado attorneys are planning a series of seminars aimed at helping potential patients and business owners understand Massachusetts’ recently passed medical marijuana law. The attorneys will explain the process of applying for, opening, and running a medical marijuana business, including sharing best practices from Colorado and other states. The first seminar, scheduled for 6 to 8 p.m., Thursday, at Cambridge Community Center, 5 Callender St., Cambridge, will also cover how people with debilitating health conditions can become state-legal medical marijuana patients. | |||
Anthropologie to open store at new Chestnut Hill Square shopping centerUpscale women’s clothier Anthropologie is the latest tenant to sign on to the Chestnut Hill Square, a new shopping center under development on Route 9. Anthropologie will join the popular grocery store Wegmans, Equinox Fitness Club, Brio Tuscan Grille, Seasons 52, Century Bank, Francesca’s Collections, Red Mango, and other specialty shops and restaurants at the 340,000 square foot project currently under development. All of those stores and restaurants are scheduled to open in the fall of 2013. | |||
Auction will feature fixtures from Locke-Ober, the famous Hub restaurant that recently closedLocal landmark restaurant Locke-Ober may have shut its doors, but on Dec. 7, Bostonians will have the chance to bid on parts of it to keep. The Paul E. Saperstein Co., a full-service auction and appraisal firm that is also known as Pesco, announced this week that it will auction off decor, furniture, restaurant and bar equipment, and fixtures from the cafe, which closed in October after 137 years in business. Everything from china and chandeliers to a wood-carved pool table and antique-style moldings will be auctioned. | |||
Mirbeau Inn & Spa is coming to the PinehillsPinehills LLC, which operates the Pinehills master-planned community in Plymouth, said that Mirbeau LLC has purchased six acres on the property to open a 50-room Mirbeau Inn & Spa. | |||
Peptide therapeutics firm Rhythm gets $8m from Pfizer Venture InvestmentsRhythm, a Boston biotechnology company developing peptide therapeutics to treat such metabolic diseases as obesity and diabetes, said it has raised $8 million from Pfizer Venture Intestments, the venture capital arm of the drug company Pfizer and a new investor in Rhythm. That additional $8 million completes a $33 million Series B financing. The round had participation from existing investors MPM Capital, New Enterprise Associates, Third Rock Ventures, and Ipsen. This additional financing brings the total capital raised by Rhythm to $73 million. | |||
WBUR acquisition would bring its radio programming to Martha’s Vineyard and much of Nantucket and Cape CodWBUR, a Boston public radio station, said Tuesday that it has agreed to acquire the license to broadcast its programming on the 92.7 FM radio signal in Tisbury, a move that should expand WBUR’s geographical reach and bring its programming to listeners on Martha’s Vineyard and most of Cape Cod and Nantucket, as well as Southeastern Massachusetts, by early next year. The seller is Aritaur Communications, which owns WMVY, a commercial FM radio station whose play list includes the likes of Neil Young, Stevie Ray Vaughan, and Norah Jones. | |||
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Tuesday, November 27, 2012
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Tue. Nov. 27, 2012 Mirbeau Inn & Spa is coming to the PinehillsPinehills LLC, which operates the Pinehills master-planned community in Plymouth, said that Mirbeau LLC has purchased six acres on the property to open a 50-room Mirbeau Inn & Spa. | |||
Peptide therapeutics firm Rhythm gets $8m from Pfizer Venture InvestmentsRhythm, a Boston biotechnology company looking to develop peptide therapeutics to treat such conditions as obesity and diabetes, said it has raised $8 million from Pfizer Venture Intestments, the venture capital arm of the drug company Pfizer and a new investor in Rhythm. That additional $8 million completes a $33 million Series B financing. The round had participation from existing investors MPM Capital, New Enterprise Associates, Third Rock Ventures, and Ipsen. This additional financing brings the total capital raised by Rhythm to $73 million. | |||
WBUR acquisition would bring its radio programming to Martha’s Vineyard and much of Nantucket and Cape CodWBUR, a Boston public radio station, said Tuesday that it has agreed to acquire the license to broadcast its programming on the 92.7 FM radio signal in Tisbury, a move that should expand WBUR’s geographical reach and bring its programming to listeners on Martha’s Vineyard and most of Cape Cod and Nantucket, as well as Southeastern Massachusetts, by early next year. The seller is Aritaur Communications, which owns WMVY, a commercial FM radio station whose play list includes the likes of Neil Young, Stevie Ray Vaughan, and Norah Jones. | |||
October single-family home sales jump 21% in Massachusetts, the Warren Group saysSales of Massachusetts single-family homes in October rose 21 percent from the same month a year ago, and condo sales increased for the ninth straight month, the Warren Group reported Tuesday. “Home sales for the first 10 months of the year have already surpassed sales in all of 2011,” Warren Group chief executive Timothy M. Warren Jr. said in a statement. “Record low mortgage rates, an improved economy, and growing consumer confidence are boosting the housing market in Massachusetts and around the country.” | |||
TransMedics, a firm specializing in organ preservation technology, secures $36mTransMedics Inc., an Andover-based firm focused on organ preservation technology, announced the closing of a $36 million financing round led by Abrams Capital with the participation of existing investors including Flagship Ventures, Hercules Technology Growth Capital, and Kleiner Perkins Caufield & Byers. According to the company, its portable preservation technology maintains donor organs in a near-physiologic and functioning condition from donor to transplant recipient. | |||
State regulators sign off on NStar contract with Cape WindFollowing an eight month review, state utility regulators Monday approved NStar’s 15-yea contract to buy power from Cape Wind, a deal expected to only moderately increase the average residential customer’s monthly electric bill. The Boston-based utility will purchase 27.5 percent of the power generated by the offshore renewable energy project for a starting price of 18.7 cents per kilowatt hour in 2013. The cost paid by the utility will then rise by 3.5 percent each year. | |||
Massport opens bypass road at Logan International Airport for commercial trafficThe Massachusetts Port Authority on Monday opened a $23.5 million bypass road for commercial traffic at Logan International Airport. The two-lane road, between Logan and Chelsea Street, near the Chelsea Street Bridge, will take thousands of vehicles off residential streets every year, according to Massport. The road is named for Martin A. Coughlin, an East Boston community organizer who advocated for a bypass road four decades ago. | |||
Holiday advice from Samuel Adams: Pair a six-pack with a box of chocolatesLooking to push the envelope on sensory overload, the brew-meisters at Samuel Adams said they have teamed up with confectioner TCHO to debut a special holiday box of chocolates that pairs well with beer. “This assortment of specialty chocolates will prove to any foodie that beer and chocolate are the perfect combination,” said the Boston Beer Co., the makers of Samuel Adams brand. | |||
Houghton Mifflin Harcourt unveils Curious George books specially formatted for the iPadHoughton Mifflin Harcourt, the venerable Boston publisher, said Monday that it is releasing two special iPad versions from the Curious George book series that enable readers to enjoy old stories in new ways. “The interactive multi-touch format features embedded tools that allow children to enjoy an immersive reading experience by playing an active role in George’s adventures,” Houghton Mifflin Harcourt said. | |||
Versa Capital buys Eastern Mountain SportsVersa Capital Management LLC, a Philadelphia-based private equity firm, said it has bought Eastern Mountain Sports, or EMS, a New Hampshire-based chain of 69 stores that sells outdoor gear and apparel. Versa Capital’s portfolio includes Bob’s Stores, a regional apparel chain. After the holidays, plans call for exploring opportunities for Bob’s Stores and EMS to collaborate, Versa Capital said. | |||
Massachusetts gas prices fall 2 cents a gallon in latest weekly survey from AAAThe average price for gas in Massachusetts was $3.569 a gallon in the latest weekly AAA survey, down 2 cents from the previous week’s average, AAA Southern New England said Monday. The Massachusetts average has fallen 10 cents over the past month, AAA Southern New England added. The current national average price is $3.42 a gallon. A year ago at this time, the Massachusetts average price was $3.31, AAA Southern New England said. | |||
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