Hub textbook firm Houghton Mifflin Harcourt said Tuesday that it has appointed Mary Cullinane to be its first chief content officer. A Massachusetts economic development board on Tuesday approved $13 million in state and local tax breaks for nine companies, including the Massachusetts Mutual Life Insurance Co. and MathWorks Inc., that promised to create hundreds of jobs and upgrade their facilities. Steinway Musical Instruments Inc. is selling its stake in the Steinway Hall building in New York to JDS Development Group for about $46 million. The musical instrument maker said Tuesday that 247,000-square-foot, 16-story office building is home to its flagship retail showroom. Steinway Hall opened in 1925 and is located on West 57th St. in Manhattan. Ethan Allen, a Connecticut-based furniture chain with about 300 stores worldwide, including seven in Massachusetts, plans to relocate its Burlington Design Center store to a new site that will feature an updated format with a boutique-style layout and the latest in user-friendly technology. Plans call for the new store to open by the end of the summer. The company has operated its current Burlington location on Cambridge Street for nearly 20 years. That location is a two-level store. The new 11,000-square-foot space is primarily a one-level location. At the new Ethan Allen Design Center, customers can browse “fashionable, inspirational rooms” as well as individual products, such as lamps or custom artwork in dedicated shops, the company said. Global Partners LP, a Waltham company that operates oil terminals, said Tuesday that it has entered an agreement that should enable it to move even more crude oil from crude oil producing basins in North Dakota to markets on the East Coast. In January alone, Global moved 100,000 barrels of oil a day from North Dakota to Albany by rail, a recent Globe story noted. Cambridge biopharmaceutical company Acceleron Pharma Inc. said Tuesday that the Food and Drug Administration granted orphan drug designation for ACE-536 as a potential treatment for two rare blood disorders. Single-family home sales in Massachusetts fell in February, reversing 13 straight months of rising sales volume, said the Warren Group, adding that low inventory and strong comparisons were factors in the decline. | | |
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