Thursday, July 2, 2009

Daily Business Update from the Boston Globe

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Thursday, July 2, 2009

Talbots completes sale of J. Jill
(File photo: Wiqan Ang for The Boston Globe) By The Associated Press Talbots Inc., the Hingham apparel retailer perhaps best known for classically styled women's clothing, said that it has completed the sale of its J. Jill brand to...

Beacon Power is in line for $43m loan guarantee
By Chris Reidy, Globe Staff Beacon Power Corp., a Tyngsborough company specializing in products and services that support efficient electricity grid operations, said that it has received a conditional commitment from the US Department of Energy for a loan guarantee...

J&J buys $1b Elan stake, gains Alzheimer's R&D
By Reuters Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp., and will acquire most of the rights to Elan's portfolio of experimental drugs to treat Alzheimer's disease. (Elan co-markets...

Foley Hoag's Keating will chair Boston Foundation
By Chris Reidy, Globe Staff The Boston Foundation, Greater Boston?s community foundation, said that Michael B. Keating (right), a partner at the law firm Foley Hoag LLP, has been elected as the chair of the foundation's board of directors. Keating...

Interleukin Genetics makes strategic divestment
By Chris Reidy, Globe Staff Interleukin Genetics Inc., a Waltham company that develops and markets genetic tests, said it has executed an agreement to sell the Alan James Group assets of its subsidiary AJG Brands Inc. to Pep Products Inc.,...

Who, What, Where
Keith Turner (right) is the new vice chairman of the board of directors for Mercury Media, a Marlborough direct response media agency. As vice chairman, Turner will advise Mercury Media on best practices for attracting television?s elite advertisers and educating...

Magazine ranks firms by commitment to diversity
By Chris Reidy, Globe Staff The magazine black enterprise has announced its fifth annual listing of the 40 Best Companies for Diversity in its July issue, and while no Massachusetts-based companies made the list, some of the top companies have...

Today in Globe Business
A steady hand for troubled Freddie Charles ?Ed?? Haldeman Jr. keeps looking for bigger messes to clean up. Taking the helm of the embattled mortgage giant Freddie Mac fits the bill. Haldeman - who this week ended his seven-year tenure...

Wednesday, July 1, 2009

Freddie Mac eyes Haldeman for CEO
By Jenifer B. McKim, Globe Staff The board of mortgage giant Freddie Mac has selected Putnam Investments chairman Charles E. "Ed" Haldeman Jr. as its top candidate for chief executive, according to a person knowledgeable about the company. The news...

HFF arranges financing for Center for Life Science
By Chris Reidy, Globe Staff Holliday Fenoglio Fowler L.P., or HFF, said it has arranged $350 million in financing for the Center for Life Science | Boston, a roughly 700,000-square-foot research facility in the city's Longwood Medical Area. Working on...

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