Thursday, January 21, 2010

Daily Business Update from the Boston Globe

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Thursday, January 21, 2010

Genzyme: FDA will make Lumizyme ruling in June
Associated Press CAMBRIDGE -- Genzyme Corp. said that the Food and Drug Administration is scheduled to make a decision on its Pompe disease drug Lumizyme by June 17. The FDA had refused to approve Lumizyme until Genzyme fixed manufacturing problems...

SEC settles insider trading case
Globe Staff The Securities and Exchange Commission said it has filed a settled enforcement action that had charged Charles J. Marquardt with insider trading in the shares of the Evergreen Ultra Short Opportunities Fund. The action was filed in US District...

Mass. unemployment rate rises to 9.4 percent
By Robert Gavin, Globe Staff The Massachusetts unemployment rate surged by nearly a point in December, driving joblessness to its highest level since the 1970s, and dealing another setback to a labor market that appeared on the mend. The state...

E-book reader market projected to jump
Globe Staff The market for e-book readers such as Amazon's Kindle is projected to rise from $1.3 billion in revenue in 2010 to $2.5 billion by 2013, according to a new report from the Yankee Group, a Boston-based market research firm focused...

UMass-Lowell gets federal broadband grant
Globe Staff The US Department of Commerce said that the University of Massachusetts Lowell will receive a grant that is part of a larger program that aims to expand broadband access and adoption. UMass-Lowell is in line to receive a...

Boston-Power unveils partnership agreement
Globe Staff Boston-Power Inc., a Westborough company that provides lithium-ion batteries, today announced a worldwide marketing partnership with an electronics distributor and manufacturer that will focus on Korea and China. The distributor and manufacturer is AV Concept Holdings Ltd., and...

Mass. foreclosures fell in 2009
Globe Staff The number of Massachusetts homes that were foreclosed last year was 9,269, a drop of 25.4 percent from 2008, but the number of foreclosure proceedings initiated in the Bay State rose 28.1 percent in 2009 to 27,928. Those...

Grow Fenway Park grass in your backyard
Globe Staff Want your yard to look as lush and as green as the grass at Fenway Park? That gardener's dream may now be easier to achieve, thank to a new sponsorship agreement between Major League Baseball Properties and Scotts Co....

Comcast is offering Norton security features
Globe Staff Comcast said it is now offering the Norton Security Suite to residential and business subscribers of Comcast's high-speed Internet service for no additional cost. The Norton Security Suite, a product offering from Symantec Corp., is designed to protect personal...

Amag Pharmaceuticals prices 3.6m stock offering
Associated Press LEXINGTON -- Amag Pharmaceuticals Inc. said it priced a public offering of 3.6 million common shares at $48.25 per share. The biopharmaceutical company said late Wednesday that the offering's size had been increased by 600,000 shares. Amag gave...

FSG helped Sun Life with stadium naming rights
Globe Staff Fenway Sports Group, a Boston sports-marketing firm that shares a corporate parent with the Red Sox, said it helped broker a new naming rights agreement between Sun Life Financial and the National Football League?s Miami Dolphins. The deal...

Today in Globe Business
Deep dish pros deep in debt Uno Restaurant Holdings Corp. filed for Chapter 11 bankruptcy protection yesterday as the West Roxbury chain struggled with heavy debt and declining sales as people cut back on eating out during the recession. The...

Wednesday, January 20, 2010

Fidelity's number two to retire
By Todd Wallack, Globe Staff   Fidelity Investments president Rodger Lawson, the No. 2. executive at the Boston financial services company, said he plans to step down on March 31, renewing speculation about who will eventually succeed 79-year-old Fidelity...

Feds award Mass. "green" grant for nearly $6m
Globe Staff The US Department of Labor said that a nearly $6 million grant has been allocated to Massachusetts to "teach workers the skills required in emerging industries, including energy efficiency and renewable energy." The grant to the Massachusetts Executive...

MD Physician Services taps State Street
Globe Staff State Street Corp., a Boston company that provides financial services to large investors, said in a press release that it has been appointed by MD Physician Services Inc. to provide a range of investment services including custody, fund...

Chamber gears up for awards ceremony
Globe Staff The Greater Boston Chamber of Commerce said it is gearing up for its awards ceremony later this week that will honor eight local women who have achieved excellence in business and management. The ceremony is scheduled for Friday at the...

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