To ensure you receive your Boston.com e-mails, please add newsletters@boston.com to your address book. If you have trouble reading this e-mail, go to http://www.boston.com/business/ticker_headlines
Daily Business Update Get up-to-the-minute Business Updates More Business News »
Wed. Dec. 05, 2012 Anika Therapeutics slumps on FDA Monovisc ruling BEDFORD — Shares of Anika Therapeutics Inc. skidded lower Wednesday after the company said the Food and Drug Administration upheld its decision against approving the company’s osteoarthritis treatment Monovisc. The company said it will schedule a meeting with the FDA to determine its next steps. Monovisc is designed to treat pain in patients suffering from osteoarthritis of the knee.	Advertisement
Policy paper from the Federal Reserve Bank of Boston examines financial panics The Federal Reserve Bank of Boston has issued a policy paper that’s a deep dive on financial panics -- from the psychological perspective. The paper looks not just at standard economic explanations for panics like the one in 2008 but at the human traits that may drive them. To understand, writers Anat Bracha and Elke U. Weber suggest exploring “animal spirits,” an expression used by John Maynard Keynes in a 1936 book to describe the human emotions that he saw linked to consumer confidence.
Want to wish your pals a Happy New Year on a Times Square billboard? Winners of Dunkin’ Donuts contest will “Top of the WorlDD” is the latest contest for Dunkin’ Donuts, and the person who submits the best photo or video wishing loved ones a happy holiday will get to see their art work up in lights --- in Times Square on New Year’s Eve, no less, as thousands of revelers throng the area below. Dunkin’ has had a long-time billboard presence in Times Square. The winners of the “Top of the WorlDD” contest will have eir art work exhibited as part of the Big Apple skyline on Dunkin’s Time Square billboard on New Year’s Eve and New Year’s Day.
BAE Systems gets contract for missile-defense system components made in Nashua Global defense contractor BAE Systems said Wednesday that it has received initial contract funding of $81 million from Lockheed Martin Corp. to begin production of 143 infrared seekers for the Terminal High Altitude Area Defense weapon-system program. The system, also known as THAAD, is designed to defend US and allied soldiers, military assets, and metropolitan areas from ballistic missile attack threats. The infrared seekers are made at BAE Systems’ facility in Nashua, N.H.
First Trade Union Bank partners with LevelUp to create mobile wallet Boston’s First Trade Union Bank will soon become one of the few banks to offer its customers a mobile app for making purchases with smartphones. The small community bank will launch the app early next year through a partnership with Scvngr Inc., a Boston start-up that operates the LevelUp mobile payments platform. The bank’s app will let its customers use their iPhone or Android phone to pay at any of the 4,000 merchants nationwide that are on LevelUp’s network.
Zipcar discloses its new Innovation District address --- 35 Thomson Place Zipcar Inc., the Cambridge-based vehicle sharing service that rents cars by the hour, disclosed more details Wednesday on its plans to relocate from Cambridge to the Innovation District in Boston. Zipcar made public its plans last summer but did not announce its new address. In a Wednesday press release, Zipcar said it will move to 35 Thomson Place and occupy all six floors of the 46,000 square foot building. More than 200 employees will make the move sometime next year.
AMSC, Nexans unveil product that aims to make power grids more resilient AMSC, a Devens technology company that makes systems and products that help control wind turbines and power grids, has teamed up with cable supplier Nexans to unveil a new product for the North American market that is designed to make power grids more resilient. The product is called a medium voltage superconductor fault current limiter, and it makes use of AMSC’s Amperium superconductor wire, which is able to conduct about 200 times the electrical current of copper wire of similar dimensions.
Akamai completes acquisition of Verivue Akamai Technologies Inc., the Cambridge company that runs a massive worldwide content delivery network, said Wednesday that it has completed its acquisition of Verivue, a privately-held Westford company that provides licensed content delivery network infrastructure services. A purchase price has not been disclosed, but Akamai said that it does not expect the acquisition of Verivue to materially impact results of operations in the current quarter. Verivue has about 60 employees.
State pension fund board OK’s new bonus plan for investment staff The board of the state pension fund voted Tuesday 5-to-4 to approve a new compensation plan that would raise potential bonuses for investment staff. State treasurer Steve Grossman, who is chairman of the $50 billion pension board, voted against the plan because it lacked a key provision he supported. Grossman had pushed for bonuses to be linked to the fund’s 8 percent annual return goal; in years when the fund doesn’t hit that threshold, the ultimate bill to taxpayers increases.
Reebok eliminates 65 jobs at Canton headquarters, 150 worldwide Struggling Reebok International Ltd. said Tuesday it is cutting about 65 positions at the athletic apparel maker’s Canton headquarters, just under 7 percent of the workforce there, as part of a global restructuring. Worldwide, Reebok said it will eliminate 150 jobs, including by closing its European office in Amsterdam and its Asia-Pacific office in Hong Kong. In all, it has 8,000 employees. The layoffs come several months after Reebok’s German parent company, Adidas AG, slashed its 2015 sales forecast for Reebok from about $3.9 billion to $2.6 billion.
Allen & Gerritsen lauches new ads for Museum of Science, Boston New ads for the Museum of Science, Boston seek to remind people of all ages that the museum is a place of lifelong learning, said Allen & Gerritsen, the Boston ad agency that created the ad campaign. The campaign includes print, radio, digital banners, and television ads that feature young adults and children connecting tangible everyday activities, like eating cereal, riding a bike, or doing homework, to abstract science-related elements that they’ve seen before at the Museum of Science.
ADVERTISEMENT Looking to catch the next big game in town? Search from a wide range of Red Sox, Bruins, Celtics and Patriots seats in our exclusive ticket section powered by Ace Ticket. For the best seats to any sporting event in Boston, go to Boston.com Tickets.