Wednesday, August 26, 2009

Daily Business Update from the Boston Globe

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Wednesday, August 26, 2009

Dyax receives $1.5 million payment
Associated Press CAMBRIDGE -- Biotechnology company Dyax Corp. said in a press release that it received a $1.5 million payment as Eli Lilly & Co. moved a potential leukemia treatment into early-stage clinical trials. The payment, which comes from Eli...

Snapshot aims to quantify state's biotech industry
By Chris Reidy, Globe Staff The Massachusetts Biotechnology Council issued a snapshot of the Bay State's biotech industry and estimated that local biotech companies and research institutions employed nearly 46,000 people last year. In 2001, that head-count number was just...

Affiliated Managers shares jump on upgrade
Associated Press Shares of Affiliated Managers Group Inc. rose on Wednesday after a Credit Suisse analyst upgraded the stock, citing prospects for improving money flows and acquisitions that should improve the asset manager's bottom line. In addition to boosting his...

Toffee for Your Coffee coming to a Dunkin’ near you
(A beauty shot of the prize winner. Courtesy of Dunkin' Donuts.) By Chris Reidy, Globe Staff Alert the uber chefs. Tell Julie & Julia to bust out the balloons and funny hats. Because Dunkin' Donuts said today that the...

Employee survey: Layoffs can hurt productivity
By Chris Reidy, Globe Staff Roughly 40 percent of respondents whose workplaces experienced layoffs in the past year feel that the overall productivity of their organization has been negatively impacted, a new survey concludes. The nationwide telephone survey of 2,005...

AMSC gets power-grid order from China
By Chris Reidy, Globe Staff American Superconductor Corp., a Devens-based energy technologies company that refers to itself as AMSC, said that it has received its second order for a D-VAR system to meet dynamic reactive compensation requirements for a power...

Old Sturbridge Village projects banner year
By Chris Reidy, Globe Staff Old Sturbridge Village, which bills itself as a living history museum, said it is on track for its "best year in a decade." The village's attendance from Feb. 1 through July 31 rose 6...

Today in Globe Business
Banking on Bernanke Federal Reserve chairman Ben S. Bernanke unleashed more than $1 trillion into the US economy to tame a financial crisis that threatened to spiral into a second Great Depression. Nominated for a second term, the 55-year-old economist...

Tuesday, August 25, 2009

Massachusetts cannot collect taxes from N.H. tire retailer, court says
By Casey Ross, Globe Staff Massachusetts' highest court has ruled the state cannot collect sales taxes from a New Hampshire retail store that sold tires to Massachusetts customers, ending a case that some saw as an effort to dramatically expand...

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