Friday, May 3, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Fri. May. 03, 2013
 
Comcast unveils expanded ‘Red Sox On Demand’ library
Comcast, whose services include cable TV, said it is unveiling an updated version of its Red Sox On Demand feature that includes dozens of additions over what was available last year. For example, there is a content folder dedicated to Pedro Martinez, the retired pitching star who is now a special assistant to the team’s general manager. One item in the folder: “The K Story,” a documentary of Martinez. There’s also another documentary titled “My Name Is Ted Williams,” which focuses on his off-the-field interests such as fishing. “Red Sox On Demand delivers die-hard Sox fans this exciting programming, including up close, behind-the-scenes access to the team and the players, any time of the day,” Steve Hackley, senior vice president of Comcast’s Greater Boston region, said in a statement. “
Jeff Vinik tells clients he will close hedge fund
Jeff Vinik told investors in a letter Friday that he plans to shut down his hedge fund and return clients’ money to them by June 30.
Boston Club report: Women play major roles at local nonprofits
Just over a third of board members for Massachusetts nonprofits are women, and 20 percent of the state’s nonprofits are headed by women chief executives, according to a new report from the Boston Club, an organization of senior executive and professional women. By comparison, women held just under 13 percent of the seats on the boards of directors at the state’s largest publicly traded companies in 2012, the group said. For the past decade, the Boston Club has been taking an annual census of female executives and board members at the state’s largest publicly traded companies. Because of the importance of nonprofits to the local economy, the Boston Club has decided for the first time to take a separate census of this sector of the economy.
More US jobs added than expected in April, unemployment at a four-year low
The US economy last month added jobs at a faster than expected rate and the unemployment rate fell to its lowest level in more than four years, sending stock markets soaring in early trading Friday.
Colliers International: Local commercial real estate market posted a ‘solid first quarter’
The vacancy rate for the Greater Boston office and R&D real estate market declined from 17 percent to 16.9 percent during the first quarter, and select properties are beginning to see rent increases, according to a new report from Colliers International. In “red-hot” Cambridge, the vacancy rate fell from 10.5 percent in the fourth quarter of 2012 to 8.9 percent, said Colliers International, a real estate services firm with a big local presence. “Unlike 2012, when the lab market accounted for the entirety of the absorption (in Cambridge), the first quarter results were nearly evenly split between the office and lab sectors,” the firm said. As for downtown Boston, the firm said, “The strength of the recovery in the Financial District that began in 2012 carried into the quarter.”
Staples will sell 3D printers
Staples Inc., the office supply giant, said Friday that it is the first major US retailer to announce the availability of 3D printers. 3D printing allows for the creation of shapes or objects using digital technology, and the Cube 3D Printer from 3D Systems is now available on Staples.com for $1299.99 and will be available in a limited number of Staples stores by the end of June, the Framingham-based company said. The Cube 3D Printer features WiFi, is compatible with Mac or Windows, and comes with 25 free 3D templates designed by professional artists, with additional templates available online. With its portable design, the Cube fits easily in the office, classroom or living room, making it the perfect 3D printing device for designers, small businesses, and students.
Keurig single-serve coffee systems to get expanded presence in foodservice locations
Green Mountain Coffee Roasters Inc., a Vermont company whose brands include Keurig systems that brew coffee one cup at a time, said that its Keurig K150 Series Commercial Brewing System has been certified by the National Sanitation Foundation for foodservice use. “Becoming NSF certified is an important step in our focus on the foodservice industry, a key growth channel for our away-from-home business,” company president and chief executive Brian P. Kelley said in a statement. “Foodservice represents approximately 65 percent of coffee purchases outside the home, so it is only natural for us to evolve our offerings to meet the needs of customers and consumers in new marketplaces.” Much of the company’s Keurig operations are based in Massachusetts. National Sanitation Foundation is an accredited, third-party certification body.
 
 

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