Tuesday, January 5, 2010

Daily Business Update from the Boston Globe

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Tuesday, January 5, 2010

Insulet announces distribution agreement
Globe Staff Insulet Corp., a Bedford medical device company, and Ypsomed AG, a Swiss company focused on diabetes, announced an exclusive agreement for the distribution of Insulet's OmniPod insulin management system in nine countries across Europe, as well as China...

Apple buys Waltham's Quattro Wireless
Apple Inc. is buying the Waltham-based mobile advertising company Quattro Wireless, Quattro CEO Andy Miller confirmed on the company's website today. Financial details have not been released, although a post on a Wall Street Journal blog cited a price tag of about...

2008 was active year for middle-age entrepreneurs
Globe Staff The financial crisis of 2008 shifted the demographics of entrepreneurs - at least temporarily, according to a study produced by Babson College and Baruch College. Typically, Americans 44 and younger are highly active entrepreneurs, but the study found  that there was...

iRobot marks milestone
Globe Staff Bedford?s iRobot Corp. said in a press release today that it has sold more than 5 million ?home robots? since launching its Roomba vacuum-cleaning robot in 2002. ?This achievement represents a huge milestone for iRobot and for the...

Home sales surged 66 percent in RI
Associated Press Sales of single-family homes in Rhode Island jumped more than 66 percent in November, the biggest increase since record-keeping began in 1989. Real estate tracking firm the Warren Group said that 754 single-family homes were sold in November...

Boston Medical Center taps Walsh
By Robert Weisman, Globe Staff Boston Medical Center is set to reveal later this morning that it has tapped Kate Walsh, a high-ranking executive at Brigham and Women's Hospital, to become its next president and chief executive. Walsh (right), who...

Business confidence index ends '09 at year high
  Globe Staff A monthly business confidence index maintained by Associated Industries of Massachusetts, rose eight-tenths of a point in December to 45.7, its sixth consecutive monthly gain and ninth in the 10 months since reaching its all-time low of 33.3...

Local pending home sales rose in December
Globe Staff The number of Massachusetts single-family homes put under agreement in December rose 5 percent to 2,743 homes when compared with the same month last year, the Massachusetts Association of Realtors said. December was the sixth straight month that...

Cognex promotes Robert Willett to president
Associated Press NATICK -- Cognex Corp., a maker of machine vision sensors and systems, said that it has promoted Robert Willett to president and the newly created position of chief operating officer.  Willett, 42, will still serve as president of...

Inverness enters agreement with Epocal
Globe Staff Inverness Medical Innovations Inc., a Waltham company focused on medical testing, said it has entered into a definitive agreement to acquire all of the issued and outstanding equity securities of Epocal Inc. of Canada for a total potential...

Securities class action filings drop sharply in 2009
Globe Staff Federal securities fraud class action activity in 2009 was down sharply from 2008 when the financial crisis fueled an increase in lawsuits, according to a report titled "Securities Class Action Filings-2009: A Year in Review." The annual report...

American Superconductor signs China contract
Globe Staff American Superconductor Corp., an energy technologies company headquartered in Devens, said that its AMSC Windtec subsidiary has signed a follow-on contract with Dongfang Turbine Co. Ltd. to design and jointly develop 5 megawatt full conversion wind turbines for...

Lombardi will oversee daily operations at TD Garden
Globe Staff Delaware North Cos.-Boston, the operator of the TD Garden, said it has named Hugh Lombardi to the post of senior vice president and general manager; in that role, he will oversee the day-to-day operations for the TD Garden,...

Heating oil prices are up in Rhode Island
Associated Press PROVIDENCE -- Rhode Island homeowners are being hit with higher heating oil prices this winter. The Rhode Island Office of Energy Resources says the average price of home heating oil has jumped 19 cents per gallon in the...

Caritas Christi taps athenahealth for doctor networks
Globe Staff Athenahealth Inc., a Watertown company that provides Internet-based business services to physician practices, said that Caritas Christi Health Care has selected athenahealth?s network-based electronic health record service for its owned physician network that currently employs more than 500 medical providers....

Today in Globe Business
CEO of Biogen Idec to retire James C. Mullen, who battled with billionaire investor Carl Icahn over the direction and future of Biogen Idec Inc., will retire as chief executive of the Cambridge biotechnology firm in June, the company announced...

Monday, January 4, 2010

EMC buys Kansas software maker
Associated PressData storage company EMC Corp. said today it agreed to acquire Archer Technologies, a privately held governance, risk and compliance software maker, for an undisclosed amount. EMC, which is based in Hopkinton, said it expects the deal to close...

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