Wednesday, May 20, 2009 GSI discloses layoffs, SEC investigation
GSI Group Inc. detailed some recent layoffs and said that the US Securities and Exchange Commission is conducting a formal investigation of accounting errors that GSI disclosed last year. Headquartered in Bedford, GSI supplies precision technology components, lasers, and laser-based... Tip to Hub shuttle users: Fly to JFK
My pal Chris Reidy and I wrote a piece yesterday about Delta Air Lines trimming last-minute, walkup fares on its shuttle service from Boston to New York's LaGuardia Airport by as much as 60 percent to $129 one way, essentially... You gotta play hurt. Workers forgo sick days
A nationwide poll conducted by Monster.com found that 71 percent of people show up at work when they're sick despite concerns about swine flu. Fear of losing a job during a recession can outweigh health issues, Monster.com suggested in a... State Street plans to give TARP notice today
State Street Corp. chief executive Ronald Logue said at the financial company's annual meeting today in Boston that it plans to send a letter to the US Treasury today to apply to pay back the government's $2 billion capital... Blanchet joins Nano Terra
Graciela Blanchet, a specialist in the field of organic electronics, has been named chief technology officer at Nano Terra Inc., a Cambridge-based company focused on surface engineering and nanotechnology development. Blanchet joins Nano Terra from DuPont, where she was a... Eaton Vance earnings fall but meet estimates
Eaton Vance Corp., a Boston-based asset manager, said that net income fell by more than half in its second fiscal quarter as revenue declined in the face of a global market slump. The fund firm said it earned $25.8 million,... Tufts issues drug study on therapeutic peptides
The number of therapeutic peptides in clinical study has nearly doubled from the 1990s rate due partly to advances in synthesis, delivery, and formulation technologies, according to a study by the Tufts Center for the Study of Drug Development. "Therapeutic... Evergreen Solar to offer $60m in common stock
Evergreen Solar Inc. said it will offer $60 million in common stock to fund capital projects and for general corporate purposes. Evergreen Solar, a Marlborough company that makes silicon wafers for solar panels, said in a press release that it... Aware announces board changes
Aware Inc., a Bedford-based supplier of broadband technology and biometrics software, said that Michael A. Tzannes, chief executive and a director of Aware, was elected to the position of board chairman. Tzannes will replace John K. Kerr, who resigned... Nieman Foundation announces journalism fellows
The Nieman Foundation for Journalism at Harvard University has announced 24 Nieman fellows for the 2009-2010 year. Foundation Curator Bob Giles says members of the class reflect the changing news industry, with more freelancers than ever before. He says in... BJ's Wholesale 1Q profit rises 42 percent
BJ's Wholesale Club Inc., the Natick-based operator of warehouse club stores, said that its first-quarter profit rose 42 percent, narrowly beating Wall Street expectations, and raised its 2009 profit guidance. BJ's, which is nation's third-biggest warehouse club, has largely... Vlingo issues survey on DWT - driving while texting
You might want to stay off the roads of Tennessee over Memorial Day weekend - according to a new survey, motorists in the Volunteer State are the worst offenders when it comes to text-messaging while driving. The survey is from... Verizon employees help local shelters
Massachusetts employees of Verizon Communications Inc. collected more than $25,000 worth of items to donate to 10 domestic violence shelters during a 12-day Shower for the Shelter drive, the company said. "Employees in 30 Verizon locations in the state took... MassHousing awards grants for sober housing
MassHousing, the state's affordable housing bank, said it has approved $390,000 in funding for the creation or preservation of affordable sober housing for men and women in Roxbury, Westfield, Holyoke, Gloucester, and Lowell. "Affordable sober housing is an extremely... Today in Globe Business
Mass. Chrysler dealers challenge closings Five of the Massachusetts Chrysler dealerships targeted for elimination by the ailing automaker are among a group of nearly 300 dealers in 45 states who yesterday petitioned a bankruptcy court in New York to win... Tuesday, May 19, 2009 Friendly's gears up for Free Ice Cream Day
(File photo: Lane Turner/Globe staff) Friendly Ice Cream Corp., the Wilbraham company that operates the Friendly's chain of more than 500 family restaurants, said it will hold a Free Ice Cream Day from noon to 5:00 p.m on Saturday,... TJX 1Q profit climbs 8 percent as sales improve
(File photo: Elise Amendola/AP) TJX Cos. said that its fiscal first-quarter profit rose 8 percent as budget-conscious shoppers taking advantage of bargains at its offprice retail outlets helped boost sales. In a press release, the Framingham-based operator of stores... Delta will halt nonstop service to Baltimore
Facing the prospect of increasing competition from Southwest Airlines and JetBlue Airways, Delta Air Lines will halt nonstop flights from Logan International Airport to Baltimore-Washington International Thurgood Marshall Airport on Aug. 17. ?We made a competitive decision to drop... | 
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