Monday, October 19, 2009

Daily Business Update from the Boston Globe

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Monday, October 19, 2009

Hydra Biosciences, Cubist form collaboration
Two local life sciences firms said they will team up in hopes of developing potential treatments for pain management. Hydra Biosciences Inc. of Cambridge said in a press release that it will collaborate with Cubist Pharmaceuticals Inc. of Lexington as...

JetBlue is expanding service at Boston airport
Associated Press JetBlue Airways Corp. said today it was expanding its service at Boston's Logan International Airport. The New York-based carrier said in a statement that five daily nonstop flights from Boston to Baltimore/Washington International Thurgood Marshall Airport will begin...

Herald mulls charging for online news
By Johnny Diaz, Globe Staff The Boston Herald may charge for access to its website as early as next year, according to the paper's website. At a breakfast meeting this morning at the Boston Harbor Hotel, the paper's owner and...

Tag-team dating can improve success, MIT says
Sometimes the "mating game is a team sport," and romeos looking for love will likely have more success when traveling with a wing man than when operating solo. So concludes an assistant professor at the MIT Sloan School of Management...

Princeton Review agrees to buy Penn Foster
The Princeton Review Inc., a Framingham-based provider of test preparation and educational support services, said it has agreed to buy Penn Foster Education Group Inc. for $170 million in cash. The proposed acquisition seeks to make the Princeton Review one...

Raytheon gets $77.9 million Army pact
Associated Press Raytheon Co., the Waltham defense contractor, recently received a $77.9 million contract from the Army for the Taiwanese government's Patriot hardware upgrade program, the Pentagon said. Work will be performed in Andover and Burlington and is expected to...

Streambank tapped to sell some S&K assets
Streambank LLC, a Needham advisory firm , said it has been retained to undertake the marketing and sales efforts for the intellectual asset portfolio of S&K Menswear. The Virginia-based men?s clothing retailer filed a voluntary Chapter 11 bankruptcy petition in...

Brigham's brings Paul Revere ice cream to the Hub
Brigham?s announced that its newest ice cream flavor, Paul Revere?s Rocky Ride, is now available in freezer cases throughout Greater Boston. The flavor combination contains chocolate ice cream, thick fudge swirl, and chocolate-covered caramel cups, Brigham's said, and the...

Massachusetts gas prices jump
Massachusetts gas prices jumped 6 cents to $2.499 per gallon, the first increase in seven weeks, according to the latest AAA weekly survey. AAA's weekly surveys calculate the average for a gallon of self-serve, regular unleaded gas. "The current price...

Verizon offers quad bundle
Verizon Communications Inc. said it is now offering a "quad-play" - a package that offers customers wireless phone service as well as Internet, TV, and land-line phone services. In Massachusetts, the package starts at $114.99 a month; for customers who...

Dynamics Research is awarded $20.2m order
Dynamics Research Corp. said in a press release that it has been awarded a $20.2 million order for engineering work at Air Force depots. The Andover company, which provides management consulting, engineering, and technology solutions to federal and state governments,...

Staples extends naming rights for Staples Center
Staples Inc., the Framingham-based retailer of office supplies, said it has elected to extend its naming rights agreement for the Staples Center sports arena and concert venue in Los Angeles. Staples and AEG, the sports-and-entertainment company that owns the center,...

Athenahealth completes acquisition of Anodyne
Athenahealth Inc., a Watertown company that provides Internet-based business services for doctor practices, said in a press release that it has completed its previously announced $22-million acquisition of Anodyne Health Partners Inc. Earlier this month, Athenahealth said it planned to...

Quahog Republic Retail Hut opens in Plymouth
In Paris, couturiers draw inspiration from beautiful women. But on Cape Cod and the South Shore, the fashion muse for spiffy togs can sometimes take the form of sea food and shell fish. And so a local clothing brand...

British biotech opens Hub office
Epistem Plc, a British biotechnology company, said it will open a US office in Cambridge because of the Bay State's importance as a center for the life sciences. "The US office ('Epistem Inc') will maximize the awareness of Epistem Plc's...

Today in Globe Business
A state of economic anxiety Massachusetts residents believe the economy has begun to rebound, but they remain worried about their jobs and cautious about spending, suggesting a slow and difficult recovery ahead, according to a Suffolk University/Boston Globe poll. While...

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