Thursday, May 28, 2009

Daily Business Update from the Boston Globe

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Thursday, May 28, 2009

GateHouse plans to cut newspaper pay
Suffering from the an advertising slump that has hurt newspapers across the country, GateHouse Media New England said today that it plans to implement a temporary salary reduction for all employees of an average of 7.75 percent, beginning Monday. According...

State will hold career seminar at Suffolk University
Have you recently lost a job? Or worry that you're about to get a pink slip? Then the state may have an all-day seminar for you. Working with Suffolk University, the Massachusetts Executive Office of Labor and Workforce Development has...

SiCortex is shutting down
SiCortex Inc. of Maynard, a maker of energy-efficient supercomputers, has halted operations, according to an executive at the company. Privately-held SiCortex produced small and mid-sized supercomputers priced from $20,000 to $2 million. As of January, SiCortex employed 79 workers. The...

Verizon gears up for Internet safety seminars
Verizon Communications Inc. is sponsoring a series of seminars on Internet safety, and one key seminar topic will be sexting," the practice of sending sexually explicit messages or photos over cell phones. The first Massachusetts seminar is set to take...

Bayside Exposition Center is taken back at auction
Bayside Exposition Center, an exposition and conference center located in Dorchester, was taken back by the bank holding its mortgage after an auction this morning. The action unfolded after a short flurry of bids by other interested real estate entities....

Boston Scientific gets an FDA clearance
Boston Scientific Corp., the Natick medical device maker, announced that it has received US Food and Drug Administration clearance to market its SpyScope Access-and-Delivery Catheter for diagnostic and therapeutic applications during endoscopic procedures in the pancreatico-biliary system. "The SpyScope Catheter...

Dunkin' gears up for Donut Day
(In this 2007 file photo taken by Globe staffer David L. Ryan, Medford native and Access Hollywood TV reporter Maria Menounos posed before the doughnuts.) Sinker buff alert: Mark down June 5 as a red letter day on your...

EMC issues Sustainability Report
EMC Corp., the Hopkinton-based data storage giant, announced the availability of its Sustainability Report, which highlights how EMC and its employees "contributed to the sustainability of the company, environment, and community in 2008, as well as its program for the...

American Ramp Systems is now Amramp
American Ramp Systems said that it has rebranded itself as Amramp. Headquartered in South Boston, the company specializes in providing low-cost, steel modular ramp systems that can be generally installed in only a few hours and that can be...

Two Boston Scientific directors leave board
Boston Scientific Corp., the Natick medical device maker, said that Ursula Burns and Kristina Johnson have resigned from the company's board after accepting senior industry and government appointments. Burns has been named chief executive of Xerox Corp. effective July 1,...

Jurys Boston will be the Back Bay Hotel
(Company photo) Jurys Boston Hotel is changing its name to the Back Bay Hotel. Starting today, the hotel is removing old signs and replacing them with new ones with its new moniker; the name change is scheduled to be...

IDC: Server market fell sharply in the first quarter
First-quarter factory revenue in the worldwide server market declined 24.5 percent year-over-year to $9.9 billion, according to the Worldwide Quarterly Server Tracker, a report issued by IDC, the market intelligence firm based in Framingham. It was the third consecutive quarter...

Satcon powers solar farm in Hawaii
Satcon Technology Corp. said it has been tapped to help power a large solar farm in Hawaii. The Boston company, which designs and delivers efficient energy systems for solar photovoltaic, stationary fuel cells, wind-turbines, and energy storage systems, said...

Today in Globe Business
Mass. banks outperform peers Bay State banks reported an increase in bad loans during the first three months of the year, but performed better than most of their peers across the country, according to government data released yesterday. Over the...

Wednesday, May 27, 2009

BRA says high-rise project should include a school
Boston officials have directed the company that proposes to redevelop the hulking Government Center garage as a pair of skyscrapers to study building a K-8 school as part of the $2.2 billion project. In an initial response to the proposal,...

Globe newsroom petition seeks smaller pay cut
A group of Boston Globe newsroom employees is circulating a petition that urges Globe management to limit pay cuts to 5 percent, arguing that a contract proposal that calls for about twice that amount is "in extraordinary danger" of...

Get a free Fleetwood song - and a $12 glass of wine
Drummer Mick Fleetwood (left) of Fleetwood Mac fame won't be your sommelier, but Fleming's Prime Steakhouse & Wine Bar is offering a chardonnay experience that may be the next best thing - along with a free download of a...

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