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Wed. Nov. 07, 2012 Dow down more than 300 points as post-election fiscal reality hits Wall Street The Dow Jones Industrial Average dove more than 300 points Wednesday following President Obama’s re-election, as investors absorbed the reality that same political players in Washington, D.C., now must address the nation’s so-called fiscal cliff, which looms at year’s end. “You’ve got pretty much the same recipe as before -- a Democratic president and House Republicans,’’ said Nigel Gault, chief US economist for IHS Global Insight in Lexington.	Advertisement
Jones Lang LaSalle Construction finishes work on Hub office for the law firm Finnegan, Henderson, Farabow, Garrett & Dunner Jones Lang LaSalle Construction said Wednesday that it has completed work as the general contractor for the new offices of Finnegan, Henderson, Farabow, Garrett & Dunner LLF law firm in Boston’s Innovation District. The project is valued at $3 million, Jones Lang LaSalle Construction said, and the new offices were designed by Gensler, a global architecture firm. Finnegan, Henderson, Farabow, Garrett & Dunner, which specializes in intellectual proprety law, was featured in a recent Globe article about an exodus of companies from East Cambridge.
MassDevelopment issues $30m bond for Falmouth assisted living facility MassDevelopment, the Commonwealth’s finance and development agency, said it has issued a $30 million bond on behalf of Woodbriar Senior Living LLC, which will use bond proceeds to build a 125-unit assisted living facility in Falmouth. Woodbriar Senior Living is a subsidiary of Ventas Inc., a real estate investment trust focused on health care properties such as senior housing communities, skilled nursing facilities, hospitals, and medical office buildings.
Party goods retailer iParty is mulling ‘strategic alternatives’ after Hurricane Sandy hurt Halloween sales IParty Corp., a Dedham-based chain of 54 party goods stores, said it has hired an investment bank to explore “strategic alternatives” after Hurricane Sandy hurt its all-important Halloween retail season. Strategic alternatives that will be considered include “raising additional financing to enhance the company’s ability to grow, a potential restructuring of its capital structure, or a potential sale of the company,” iParty said. No definitive timetable for completion of the strategic review process has been established, iParty added.
ClearView Audio to amp up ‘invisible’ speakers for music buffs Emo Labs, a Waltham company that has just changed its name to ClearView Audio, said it has raised $1.05 million from private investors as it gears up to unveil a virtually invisible speaker system for audio buffs. Plans call for ClearView Audio to debut its new speaker system at the International Consumer Electronics Show in Las Vegas in early January.
Private jets line up at Logan as Romney backers arrive in Boston for election night party Private jets were streaming into Boston’s Logan International Airport Tuesday afternoon, officials said, as Mitt Romney’s supporters arrived for his post-election party in the Seaport District.
Judge in Charles Street AME church bankruptcy case visits properties in Roxbury, Milton Judge Frank Bailey was not on the bench in bankruptcy court in downtown Boston this chilly election day morning. Instead, he was on Warren Street in Roxbury, touring the shuttered properties of the financially ailing Charles Street African Methodist Episcopal Church. Bailey and several staffers joined lawyers for both the church and its lender, OneUnited Bank, first to walk through the church’s stalled nearby building project, the Roxbury Renaissance Center.
Sunday River opens some ski, snowboarding trails Sunday River, a resort area in Newry, Maine, said it opened Tuesday for the skiing and snowboarding season. “Thanks to our new energy-efficient snowguns, we’re able to make more snow on more trails by using less air than in years past,” Dana Bullen, president and general manager, said. A Sunday River press release noted that the resort made a recent $1 million investment in its snow-making capacities.
Some of CNN’s ‘Election Night in America’ coverage is set to take place at Faneuil Hall Marketplace CNN, the cable news network of Turner Broadcasting System Inc., said it is gearing up to bring its “Election Night in America” coverage to Faneuil Hall Marketplace as part of a larger plan that is set to telecast reports from a range of cities, including New York, Chicago, and Los Angeles. At Times Square in New York, for example, CNN plans to set up “jumbo screens” so local spectators can watch the station’s coverage. The station is also deploying CNN-branded food carts that will serve coffee, hot chocolate, pretzels, and hot dogs to attendees.
TD Bank adding two more branches TD Bank is continuing to expand in Greater Boston. The bank, already the fourth largest retail bank in Massachusetts, recently filed plans with federal regulators to open two more branches branches on West Broadway in South Boston and on Nahatan Street in Norwood. That’s in addition to more than a dozen branches the bank has added in recent years.
Yankee Candle unveils new options for its ‘My Favorite Things’ scented-candle line Deerfield’s Yankee Candle Co. is unveiling the latest offerings in its limited edition “My Favorite Things” scented-candle line. This whimsical collection draws inspiration from the popular Rodgers-and-Hammerstein song of the same name.
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