Wednesday, May 1, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Wed. May. 01, 2013
 
Life is good teaming with Smucker to brew a line of coffees
Life is good, the Boston-based company that touts its “power of optimism” brand of clothing and accessories, is planning to sell coffee.
Massachusetts AG Coakley praises Obama’s reported pick to head federal housing agency
Massachusetts Attorney General Martha Coakley on Wednesday praised President Barack Obama for reportedly planning to appoint Rep. Mel Watt, a Democrat from North Carolina, as the new director of the Federal Housing Finance Agency.
Battery maker A123 Systems hopes new venture tech division will be part of its rebirth
Waltham battery maker A123 Systems LLC is launching a new division that will allow energy storage start-ups access to the company’s technology, lab space, and expertise, as well as financial support, in exchange for pieces of the smaller firms.
Shares of Aveo Pharmaceuticals plummet as FDA weighs new clinical trial for kidney cancer drug
Shares of Aveo Pharmaceuticals Inc. plummeted more than 30 percent Tuesday after the Food and Drug Administration said another clinical trial may be needed to weigh the risks and benefits of the Cambridge company’s kidney cancer treatment. The development raised the prospect of a delay in the FDA’s ruling on Aveo’s experimental drug for advanced renal cell carcinoma. The agency had been scheduled to decide by July 28 whether to approve the drug for sale in the US. More than 200,000 people worldwide suffer from renal cell carcinoma, and at least 12,000 new US cases are diagnosed each year.
Boston’s Disruptor Beam strikes deal with Zynga to distribute Game of Thrones Ascent
Game of Thrones Ascent, the online videogame created by Boston developer Disruptor Beam, could soon attract a much larger audience thanks to a deal with casual gaming giant Zynga Inc. of San Francisco. The game, based on the popular HBO television series, is currently available on Facebook and gaming site Kongregate.com. Now Zynga has agreed to offer Game of Thrones Ascent on its own Zynga.com website, and to promote the game to millions of people who play Zynga’s games on Facebook.
Home values in the Boston area increased by more than 5 percent in February, continuing trend
Home values in the Boston area increased by 5.2 percent in February compared with the same time last year, according to data released Tuesday.
Eastern Bank celebrating small business
Beginning May 1, Eastern Bank will feature one local small business on its Facebook page every day throughout May in its “31 Days of Celebrating Small Business,” the company said in a statement. Studio Poise, a dance and fitness studio located in Lynnfield, is the among the first businesses to be featured. On every Tuesday in May, Eastern Bank will start a Facebook discussion group inviting people to plug their small business, the company wrote. In addition there will be displays set up inside each of the bank’s 99 branches allowing featured companies to promote their offerings.
 
 

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