Thursday, February 25, 2010

Daily Business Update from the Boston Globe

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Thursday, February 25, 2010

Megabus.com will return to South Station
Megabus.com will operate out of South Station, starting March 1, following renovations that can accommodate its double-decker buses. Double-decker buses are currently operating out of Back Bay Station.

Grape juice may help memory, Welch's study says
A study funded by Welch's says that grace-juice consumption can improve memory function.

Fidelity revenue drops but operating earnings rise
Mutual fund giant Fidelity Investments said its operating earnings rose 5.2 percent last year, to $2.5 billion, as the stock market rally drove up customer assets and the company cut costs. Revenues fell nearly 11 percent.

Citizens Bank's parent loses $5.5 billion in 2009
Royal Bank of Scotland Group PLC, whose US operations include Citizens Bank, reported a loss of 3.6 billion pounds for 2009 but beat expectations and said the peak of bad loans from the economic crisis may have passed.

Who, What, Where
Who, What, Where is a sampling of recent personnel changes and hirings at local companies.

HFF arranges financing for N. Andover building
The Boston office of Holliday Fenoglio Fowler LP said that it has arranged $7.85 million in financing for 25 Commerce Way, a 168,735-square-foot flex industrial building in North Andover.

Iron Mountain reports earnings, raises outlook
Iron Mountain reports earnings, raises outlook, authorizes a stock repurchase program, and initiates its first-ever quarterly dividend.

Today in Globe Business
Complaints on Toyota went for naught As he drove home to Braintree from Florida in 2003, Peter Boddaert?s black Lexus LS400 suddenly raced forward and rear-ended a van as he was switching lanes in Virginia. It was the third time...

Wednesday, February 24, 2010

New Balance unveils plans for mixed-use project
By Jenn Abelson, Globe Staff Brighton sneaker maker New Balance plans tonight to unveil a roughly $250 million mixed-use project on 15 acres for the neighborhood that features a new sports complex, hotel, park, movie theater, office buildings, community space,...

Life sciences center to loan $5.5 million to start-ups
By Robert Weisman, Globe Staff The board of the Massachusetts Life Sciences Center today approved spending $5.5 million to launch the second year of its flagship investment program, which provides "accelerator" loans to early-stage biotechnology and medical device companies. Applications...

Live video: Akio Toyoda testifies in Washington
Visit msnbc.com for breaking news, world news, and news about the economy MSNBC has live coverage (above) of the congressional hearings today related to the recent Toyota recalls. Akio Toyoda, the 53-year-old Toyota CEO, released his prepared statements in advance...

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