Wednesday, January 30, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Wed. Jan. 30, 2013
 
Lexington’s 1366 Technologies opens solar wafer plant
A solar technology firm on Wednesday opened
Report says Steward Health Care lost money in its first year of operations, but complied with conditions imposed by state
Steward Health Care System lost money in its first year of operations but complied with conditions imposed by the state in 2010 when it recommended Steward be allowed to take over the six Caritas Christi Health Care hospitals, according to a report released Wednesday by the Massachusetts attorney general’s office. The 70-page report looks at the Boston-based chain’s compliance with its commitments, such as whether it retained employees, maintained services and made capital improvements at its community hospitals, as well as its market impact.
State repaid $3 million after A123 sale
With the completion of A123 Systems’ sale to a Chinese auto parts conglomerate, Massachusetts has received a $3 million payment meant to cover part of a loan it had made to the Waltham battery firm, a state official said. The state gave $5 million to Waltham battery maker in 2010 to help the company expand its operations for making large, grid-scale batteries, and to create 250 jobs
Suffolk Construction is opening an office outside of New York City
Suffolk Construction, a Boston-based company with $2 billion in annual revenues, said it has hired industry veteran Mark Sanborn to open a new office near New York City. Besides Boston, the firm has offices in Florida, California, and suburban Washington, D.C. Its corporate headcount is about 1,100 employees. Suffolk Construction specialities include building facilities in the technology, health care, and higher education industries, and those sectors are flourishing in and around New York City.
Brand Bowl is back on Boston.com
Back for the fourth year in a row, Brand Bowl keeps score of what everyone’s really concerned with during the Super Bowl – the ads. The project was developed in 2010 by Mullen and Radian 6, and now, Boston.com is setting out with Pointslocal to bring the internet a way to finally settle the debate about which is funnier: VW or Doritos.
Ice cream chain Baskin-Robbins looks to triple its presence in China
Baskin-Robbins, the sister chain of Dunkin’ Donuts, said Wednesday that it has signed franchise agreements that are projected to triple its presence in China. Canton-based Baskin-Robbins currently operates nearly 7,000 ice cream shops in about 50 countries. In a Wednesday press release, the chain said it has signed franchise agreements that are projected to open 249 additional Baskin-Robbins shops across China over the next decade.
Mass. economy still outpacing US
The Massachusetts economy grew slightly faster than the nation as a whole at the end of last year, continuing a modest expansion despite the economic crisis in Europe and political crisis in Washington, the University of Massachusetts reported Wednesday. In the the last three months of the year, Massachusetts economy grew at a 1 percent annual rate compared to a slight contraction in the US economy, due largely to a pullback in government spending as federal agencies awaited the outcome of the so-called fiscal cliff debate.
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