Thursday, January 28, 2010

Daily Business Update from the Boston Globe

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Thursday, January 28, 2010

Lawyers Journal teams up with the Warren Group
Globe Staff The Massachusetts Bar Association said that it has reached an agreement to turn publishing responsibilities of Lawyers Journal, its flagship publication, over to the Warren Group, the Boston firm that publishes Banker & Tradesman. In a press release,...

Rail line linking Conn., Western Mass., gets $40m
Associated Press HARTFORD -- A proposal to revive commuter rail service between coastal Connecticut and Western Massachusetts is getting a $40 million boost, a cash infusion seen by some as a likely turning point in the long-stalled project. The money,...

Foxwoods teams up with House of Blues Boston
Globe Staff Foxwoods Resort Casino announced today that it has been named the presenting sponsor of the House of Blues Boston, a local entertainment venue that features live music. As a result, the House of Blues Boston will henceforth be...

Repligen extends supply deal with GE Healthcare
Associated Press WALTHAM -- Repligen Corp. said today that it extended its long-term deal to supply recombinant protein A to General Electric's GE Healthcare unit. Repligen said it entered into a five-year deal to supply the product. Recombinant protein A...

John P. Hamill is elected to Sovereign boards
Globe Staff John P. Hamill has been elected to the Sovereign Bancorp and Sovereign Bank boards of directors, the company said today. With his election, Hamill, 69, is giving up his previous post as chairman of Sovereign Bank in New...

Jones Lang LaSalle wins KPMG assignment
Globe Staff Jones Lang LaSalle said it has been awarded the contract to provide construction management services for KPMG LLP?s new 96,000-square-foot offices at Two Financial Center in Boston. The customized space on floors one through six will serve as...

Galvin announces $5.5m in securities fines
Globe Staff Massachusetts has almost $5.5 million in administrative fines coming in from four securities firms as a result of consent orders reached with the commonwealth's Securities Division, Massachusetts Secretary of State William F. Galvin said today. Three of the...

Icahn intends to nominate Biogen Idec directors
Globe Staff Biogen Idec Inc. announced today it has received notice from Icahn Partners LP and certain of its affiliates of their intention to nominate three individuals to Biogen Idec's board of directors at the company's 2010 annual meeting. The...

Idera initiates drug trial
Globe Staff Idera Pharmaceuticals Inc. announced the initiation of a Phase 1 clinical trial of IMO-3100, an antagonist that has potential for treating autoimmune diseases. "Data from this Phase 1 clinical trial will support our decisions regarding subsequent clinical development...

Raytheon posts strong results
 Associated Press Waltham defense contractor Raytheon Co. said its fourth-quarter profit rose 19 percent on higher sales of its Patriot missile defense systems and other military electronics. Raytheon posted net income of $504 million, or $1.30 per share, up from...

Alnara secures $35m in financing
Globe Staff Alnara Pharmaceuticals Inc., a Cambridge pharmaceutical company, announced today that it has secured $35 million in Series B venture capital financing. "The round was led by new investor MPM Capital, joined by current investors Third Rock Ventures, Frazier...

FDA extends date for Sepracor drug candidate
Associated Press Drug developer Sepracor Inc. said today that the Food and Drug Administration will take longer than expected to review the company's application for the potential epilepsy drug Stedesa. The agency was scheduled to make a decision on Jan....

Today in Globe Business
Apple devotees applaud as iPad comes into view Apple Inc. chief executive Steve Jobs yesterday unveiled the iPad, the computer maker?s new and much anticipated tablet device, and at a gathering of loyalists in Boston, the verdict was swift: Not...

Wednesday, January 27, 2010

State to dole out $3 million in life sciences grants
By Robert Weisman, Globe Staff The board of the Massachusetts Life Sciences Center, a quasi-public agency formed to oversee the state's $1 billion life sciences initiative, today approved up to $3 million in new matching grants to small businesses in...

Local reaction to iPad: an 'iPhone on steroids'
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