The Financial Planning Association of Massachusetts has volunteered to have its members offer free financial planning and coaching to victims of the Boston Marathon bombings. The group, which contributes unpaid content to Boston.com, is working with Mayor Thomas M. Menino’s office to offer services to people who receive money from the One Fund Boston as well as other victims. Extreme Reach Inc., a Needham-based company with a video platform for integrated TV, online, and mobile advertising, announced a significant investment by Spectrum Equity, a growth equity firm focused on the information economy. Spectrum Equity’s investment is in excess of $50 million for a minority stake in Extreme Reach, the company said in a Thursday press release. According to the release, the financing will support the company’s growth and expansion through acquisitions. Spectrum Equity managing director Jim Quagliaroli said, “Extreme Reach is a highly profitable growth platform which we believe is well positioned to address the rapid expansion and convergence of TV and online video advertising.” Extreme Reach has 225 employees. It added it is on track to exceed an annual revenue run rate of $100 million by year’s end. Boston-based Sapient Corp. said Thursday it will delay the full release of its first quarter financial results that had been scheduled for release today so it can complete a “self-initiated review and analysis” of some of its tax liabilities. The technology consulting company said its earnings release is now expected to take place on Wednesday May 15. In a press release, the company said it “requires additional time to complete a self-initiated review and analysis of tax liabilities resulting from cross–border mobility of employees into various countries in prior periods extending back to 2006. The company estimates the total of such liabilities for those years to be in the range of $12 million to $18 million.” Thurday’s release included some “preliminary unaudited financial results” for the quarter. TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday that April same-store sales rose 8 percent. Same-store sales --- or sales at stores open at least a year --- are considered a good measure of a retailer’s performance. Same-stores sales are sometimes referred to as consolidated comparable store sales. Company CEO Carol Meyrowitz said: “We are pleased with our 8 percent consolidated comparable store sales increase in April, which was at the high end of our expectations. Both in April and the first quarter, our consolidated comp sales increases were achieved over strong growth last year. Customer traffic drove comp increases at all divisions, as consumers responded to our extremely fresh selections of branded spring apparel. Global Partners LP, a Waltham company that owns, controls, or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast, said that sales for the first quarter increased to $5.6 billion from $4 billion for the same period in 2012, driven by increased volumes from the Partnership’s crude oil activities and the acquisition of Alliance Energy LLC. Net income for the first quarter of 2013 was $14.8 million, or $0.51 per diluted limited partner unit, compared with net loss of $1.4 million, or $0.06 per limited partner unit, for the first quarter of 2012, the company said in a press release. “Global Partners delivered a solid performance in the first quarter,” company CEO Eric Slifka said in a statement. Alere Inc., a Waltham company that makes medical diagnostic products, reported net revenue of $739.2 million for the first quarter of 2013, compared with revenue of $671.1 million for the first quarter of 2012. In a Thursday press release, the company also reported net income of $7.2 million attributable to common stockholders of Alere, and respective net income per diluted common share of $0.09, for the first quarter of 2013, compared with a net loss of $4.1 million attributable to common stockholders of Alere, and respective net loss per diluted common share of $0.05, for the first quarter of 2012. According to Alere, its products and services enable “individuals to take charge of their health at home through the merger of rapid diagnostics and health information solutions.” The state Public Health Council granted a license Wednesday that will let Massachusetts General Hospital in Boston acquire the 140-bed Cooley Dickinson Hospital in Northampton. | | |
No comments:
Post a Comment