Tuesday, September 15, 2009

Daily Business Update from the Boston Globe

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Tuesday, September 15, 2009

Avis and Budget plan rent-a-car smoking bans
(Image: iStockphoto) By Paul S. Makishima, Globe Staff First it was planes and trains and now it's automobiles, too. Avis and Budget are banning smoking in their cars, starting Oct. 1. The car rental companies told USA Today that...

Russia Wharf project gets a topping off ceremony
(This Dec. 2008 rendering of the redesigned Russia Wharf project was provided by Boston Properties Inc. and the project's architect, CBT of Boston.) By Chris Reidy, Globe Staff Mayor Thomas M. Menino today joined officials for Boston Properties Inc....

American Science gets $18.8m government order
Associated Press American Science and Engineering Inc. said that it received an $18.8 million order for cargo X-ray inspection systems from an unnamed government agency. The systems will be used to screen cargo and vehicles for explosive threats and contraband...

John Hancock Funds taps Arnott as COO
John Hancock Funds said it has named Andrew G. Arnott as chief operating officer, effective immediately. Arnott, 38, was also named a senior vice president of Manulife Financial Corp., the Canadian parent company of Boston-based John Hancock Financial. Arnott, who...

NSTAR proposes rate drop for gas customers
By Chris Reidy, Globe Staff NSTAR said it is seeking approval to lower the winter supply rate to its gas customers by 38 percent. Boston-based NSTAR said it has filed request for the new rates with Massachusetts Department of Public...

Vivox to provide voice services for some EA games
By Chris Reidy, Globe Staff Vivox Inc., a Natick company that provides voice services for online games and virtual worlds, said it has signed up digital gaming giant Electronic Arts Inc. as a customer. In a press release, Vivox said...

NY investment manager found dead in Dartmouth
Associated Press Massachusetts investigators say James S. McDonald, president and chief executive of investment management firm Rockefeller & Co., has died of an apparently self-inflicted gunshot wound. A spokesman for the Bristol district attorney's office says the 56-year-old McDonald was...

Eastern Bank kicks off ad campaign
By Chris Reidy, Globe Staff Eastern Bank said it has unveiled a new advertising campaign that aims to increase brand awareness and differentiate itself from rivals by showing the importance of teamwork and how it benefits its customers. The campaign...

Altus looks to wind down
By Chris Reidy, Globe Staff Altus Pharmaceuticals Inc. said in a regulatory filing that it is "determined to commence a process to wind down the business" of the Waltham company. "To that end, the company is in discussion with creditors...

State is a $2b digital gaming hub, group says
(A still image from the new computer game The Beatles: Rock Band is seen in this handout released to Reuters. Rock Band was developed by Harmonix Music Systems of Cambridge.) By Chris Reidy, Globe Staff The digital gaming industry...

Hill Holliday integrates production capabilities
(A Dunkin' Donuts ad from Hill Holliday taken from the agency's website.) By Chris Reidy, Globe Staff Hill Holliday, the Boston ad agency that has created marketing campaigns for the likes of the Museum of Fine Arts and Dunkin'...

Report: Tech marketing jobs are in danger
IDC projects that 6,000 tech marketing jobs will be lost by the end of this year as the recession prompts corporate realignments that result in chief marketing officers having less power. IDC, a market intelligence firm headquartered in Framingham,...

Lehmann wins MIT Sloan-GM marketing award
By Chris Reidy, Globe Staff Donald R. Lehmann was honored with the Seventh Annual Buck Weaver Award for Marketing, which was presented by MIT Sloan School of Management and General Motors Corp., MIT Sloan said in a press release. Established...

Thermo Fisher promotes Casper to CEO
By Chris Reidy, Globe Staff Thermo Fisher Scientific Inc., a Waltham company that sells scientific instruments and had 2008 revenues of $10.5 billion, said that its board of directors has appointed Marc N. Casper (right) as president, chief executive officer,...

Today in Globe Business
Ex-Intel executive is heading to EMC A former high-ranking executive at chipmaker Intel Corp is coming to EMC Corp. in Hopkinton with a plan to boost the company?s global profile and hopes of eventually rising to the top job at...

Monday, September 14, 2009

Termeer will chair Boston Fed board
By Robert Gavin, Globe Staff The Federal Reserve today named Henri A. Termeer, chief executive of Cambridge biotechnology firm Genzyme Corp., as chairman of the board of the Federal Reserve Bank of Boston. Termeer, now deputy chairman, will take over...

National Grid to propose lower winter gas rate
National Grid, the energy delivery company, said that it will ask the Massachusetts Department of Public Utilities to approve natural gas commodity rates that are on average 18 percent lower than those from last winter. The cost of natural gas...

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