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Fri. Dec. 07, 2012 Unemployment drops, jobs increase, but slowly Employers added 146,000 jobs in November and the nation’s unemployment rate dipped to 7.7 percent, the government said Friday.	Advertisement
Locke-Ober auction underway, pieces of history up for sale Ever wish you could own a piece of a famous restaurant like the venerable Locke-Ober in downtown Boston? Well you can today, in a way. New owners who closed the 137-year-old restaurant in October are auctioning off the contents --- about 250 items --- on Friday, in part to defray the cost of renovating the space where a new restaurant will open next year. About 80 people looked over items for sale at the restaurant’s location at 1-3 Winter St. Friday morning.
Genzyme drug for treating thyroid cancer is approved for wider use in Europe Genzyme, the Cambridge biotechnology company now owned by French drug maker Sanofi SA, said that a drug used in treating thyroid cancer has been approved for wider use in Europe. The drug is Thyrogen, and it has been approved for use in the management of patients with thyroid cancer in the United States since 1998. It has also been approved for use in Europe. In a Friday press release, Genzyme said it has received European Commission approval of a product label expansion for the use of Thyrogen.
Fantini & Gorga arranges $12m refi for a Marshalls landlord in Swampscott Fantini & Gorga, a Boston-based mortgage banking firm, it has arranged a $12 million refinancing package for a the landlord of a free-standing Marshalls store in Swampscott. Casimir Groblewski, managing director of Fantini & Gorga, represented landlord Botsini-Paradise Road LLC, a Massachusetts-based commercial real estate investment group, in the transaction.
Riverworks office complex in Watertown signs up new tenants Mimecast North America, Fresh Tilled Soil, and Kearsarge Energy have signed leases at the recently renovated Riverworks office complex in Watertown, the complex’s owner and leasing agent said Thursday evening. The owner is Farley White, a Boston-based company that owns commercial real estate. Jones Lang LaSalle is the leasing agent. The renovated Riverworks reopened in May of 2012, and the complex is now 46 percent leased.
AT&T and Cambridge’s Akamai end rivalry, join forces to deliver Web content Cambridge’s Akamai Technologies Inc. is teaming up with AT&T Inc. to begin delivering Web content for the telecommunications giant. The agreement ends a longtime rivalry between Akamai and AT&T in the business of content delivery network services, which allow video and other information to be sent over the Internet. It also gives Akamai access to a vast new customer base. News of the deal Thursday pushed Akamai stock up 10 percent, or $3.56, to close at $39.06. Financial terms of the agreement were not released.
Millennium and Forest City refile petition to build an office and laboratory complex in Cambridge Commercial real estate developer Forest City Enterprises said Thursday it will refile a petition with Cambridge city officials, who delayed action on the plan in August, to build a 250,000-square-foot office and laboratory complex at 300 Massachusetts Ave. outside Central Square. The building would be occupied by Millennium Pharmaceuticals, the Takeda oncology company, which has about 1,200 employees in Massachusetts and is outgrowing its space in a half a dozen other buildings at Forest City’s University Park development near the proposed site.
BioSurplus opens Watertown showroom for buying and selling used lab equipment BioSurplus, a California-based company that buys, sells, and auctions used lab equipment, said Thursday that it is celebrating the grand opening of its new 20,000-square-foot showroom and warehouse in Watertown. Earlier this year, BioSurplus announced a $2.4-million investment infusion for its expansion to the Boston area, a hub of the biotechnology industry.
Private equity firm TA Associates invests in Australian satellite communications firm TA Associates, a private equity firm with offices in Boston, said Thursday that it has completed the acquisition of Australian Satellite Communications Pty Ltd., a company that provides satellite communications services to Australia’s oil-and-gas and mining industries, among others. Terms were not disclosed. TA Associates partnered on the acquisition with SpeedCast Ltd., a Hong Kong-based company that provides similar services in more than 30 countries in Asia, the Middle East, and Africa.
MIT’s Susan Hockfield will receive Pinnacle Lifetime Achievement Award from Greater Boston Chamber of Commerce The Greater Boston Chamber of Commerce announced the winners Thursday of its 2013 Pinnacle Awards, which seek to honor the accomplishments of eight women in Greater Boston who have achieved excellence in business and management. The lifetime achievement award will be conferred upon Susan Hockfield, a former president of the Massachusetts Institute of Technology. “The Pinnacle Awards pay tribute to some of the region’s most accomplished female leaders,” chamber president and chief executive Paul Guzzi said.
Baystate Wealth Management and Bruins legend Derek Sanderson launch the Sports Group for pro athletes Baystate Wealth Management, a Boston-based firm that provides asset management services to high net-worth individuals said it has formed the Sports Group, with Bruins hockey legend Derek Sanderson as managing director. At the new division, Sanderson will work with Eric Goodman, formerly of Howland Capital. The Sports Group will focus solely on the financial needs of professional athletes and others involved in the business of sports and professional athletics.
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