Thursday, May 21, 2009 Zipcar, MBTA expand partnership
Zipcar Inc., the Cambridge-based car sharing service, said it has expanded its partnership with the Massachusetts Bay Transportation Authority by adding six new on-site vehicles and one new location to various T stations in the Boston area. Zipcar said... Electric line from Canada wins approval
Northeast Utilities has won federal approval to pipe water-generated electricity from Quebec into the region using a new transmission line that could cost up to $1 billion. Initial funding for the 1,200- megawatt line will come from NStar and Northeast... Patriots, Mass. Lottery plan instant ticket
The New England Patriots said today the team is developing the first licensed NFL instant ticket with the Massachusetts State Lottery just days after the football league owners voted to allow teams to partner with lotteries across the country.... Genzyme submits more data on Pompe drug
Genzyme Corp., a Cambridge biotechnology company, said that it has submitted the final documentation to address all items in the Food and Drug Administration's complete response letter for Lumizyme, a version of its drug for Pompe disease made in... Logan to grow `solar trees' on garage
(A rendering of the solar panels to be installed atop Logan Airport's Terminal B garage. The rendering was provided by MassPort.) The trees atop a revamped Terminal B garage at Logan International Airport won't be the typical leaf and... NH House passes border sales tax bill
CONCORD, N.H. - The New Hampshire House has passed a bill intending to protect retailers from becoming tax collectors for other states. The bill, which had passed the Senate, bars retailers from sharing sales information with out-of-state tax collectors. It... Detroit firm tops 2009 Inner City 100 list
VisionIT is the winner of the Top Minority-Owned Company of the Year on the 2009 Inner City 100, an annual list that ranks the fastest growing inner city businesses nationwide. The announcement was made by the Initiative for a... Edith Wharton's Mass. estate restructures its debt
LENOX - The Massachusetts home of author Edith Wharton has agreed with creditors on a restructuring plan to reduce its debt. The estate is known as the Mount. It's near the Tanglewood summer home of the Boston Symphony Orchestra in... Boyle is appointed president of John Hancock
John Hancock Financial Services said it has named James R. Boyle as president. Boyle succeeds John D. DesPrez, who was recently named chief operating officer of Boston-based Hancock's parent company, Manulife Financial Corp. of Toronto. Before taking on his current... Who, What, Where
Robert Hureau has been appointed as the chief accounting officer of Sensata Technologies Inc., an Attleboro-based company that supplies sensing, electrical protection, control, and power management solutions on a global basis. Hureau joined Sensata Technologies in February, 2007 as vice... NEEP: Mass. recession won't end till early 2010
The recession in Massachusetts will run deeper and longer than in the nation as a whole, and job losses this year will exceed those of the 2001 downturn, according to new economic forecasts. The recession is projected to end in... Mass. unemployment rate rises slightly
The Massachusetts unemployment rate increased to 8 percent in April from 7.7 percent in March, the state's Executive Office of Labor and Workforce Development reported today. The March rate was originally estimated at 7.8 percent, the office added. The national... Mortgage foreclosure deeds, petitions decline
Massachusetts foreclosures dropped sharply in April, the Warren Group reported. "A total of 755 foreclosure deeds were recorded statewide in April, a 43.8 percent drop from 1,344 in April 2008 - a period that had the second highest number of... Spam could be a cash cow in recession
Folks are apparently consuming more Spam these days - and we're talking the lunch meat that helped win World War II here and not the kind of unwanted spam that clogs your e-mail in-box. Spam, a versatile food group... RI health insurers ask for rate increases
PROVIDENCE - Rhode Island's largest health insurance companies are seeking rate hikes. Health Insurance Commissioner Christopher Koller says Blue Cross & Blue Shield of Rhode Island is proposing a 16.3-percent rate increase for businesses with 50 or more employees. UnitedHealthCare... Sun Life is sponsoring RAAM handcycle team
The US division of Sun Life Financial Inc., which is based in Wellesley, said it is sponsoring a handcycle team made up of four of the world's top disabled athletes. The team is seeking to set a new record in... NSMC Cancer Center gears up for June opening
The NSMC Cancer Center is moving to a bigger location and changing its name to better reflect its collaboration with the Massachusetts General Hospital Cancer Center, officials at the facility said. The new Mass General/North Shore Cancer Center will... Today in Globe Business
Research costs batter Beth Israel's budget Beth Israel Deaconess Medical Center, which laid off about 70 workers last month and made other cuts to regain its financial footing, is now taking other steps to stem a projected $28 million loss... Wednesday, May 20, 2009 Axcelis shrinks workforce by 20 percent
Axcelis Technologies Inc., a Beverly-based supplier of ion implantation and cleaning systems, announced a global workforce reduction of about 235 jobs, or 20 percent of its employees, since year end 2008. "Given the severity of this downturn, these additional actions... | 
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