Monday, March 15, 2010

Daily Business Update from the Boston Globe

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Monday, March 15, 2010

Bankruptcy lawyers join Sullivan & Worcester
Sullivan & Worcester LLP, a law firm with offices in Boston, said five attorneys specializing in bankruptcy are joining the firm.

Myriad, Javelin set April 22 for vote on buyout
CAMBRIDGE- Javelin Pharmaceuticals Inc. said it has set April 22 as the date for its shareholders to vote on a proposed buyout by Myriad Pharmaceuticals Inc.

Boston Scientific stops defibrillator sales
Boston Scientific Corp., the Natick-based medical device maker, said today that it has stopped shipment of all its implantable cardioverter defibrillators and cardiac resynchronization therapy defibrillators.

Killingsworth out as Blue Cross CEO
Blue Cross and Blue Shield of Massachusetts is expected to announce the resignation of chief executive Cleve Killingsworth later today, sources close to the company said.

Chan Krieger Sieniewicz will merge with Seattle firm
NBBJ, a global architecture and design firm headquartered in Seattle, and Chan Krieger Sieniewicz, a Cambridge firm, said they will merge.

More sardines, Fido?
Never name a dog Joe, and when handing out on the puppy treats, don't stint on the sardines and anchovies.

Dunkin’ Donuts opened 171 new US stores in 2009
Privately held Dunkin' Donuts said that it opened 171 new stores in the US last year.

Mass. gas prices rise another 2 cents a gallon
Gasoline prices in Massachusetts rose 2 cents to $2.709 per gallon in the latest weekly AAA survey, AAA Southern New England said today.

Pegasystems to buy Chordiant for $161.5m
CAMBRIDGE - Pegasystems said today that it will buy Chordiant Software for $161.5 million. The business software maker said the acquisition will help expand its customer base.

EMC has a new chief marketing officer
EMC Corp., the Hopkinton-based data storage giant, said it has appointed Jeremy Burton as an executive vice president and chief marketing officer.

Pescatello tapped to head biotech group
The New England Biotech Association said in a press release that it has elected Paul Pescatello as president of the organization for 2010.

Boston Scientific shares drop
Shares of Boston Scientific dropped after an analyst reported that the company has suspended a line of debibrillators, Bloomberg News says.

Van Heusen agrees to buy Hilfiger for $3b
Phillips-Van Heusen in expected to buy the Tommy Hilfiger Group for about $3 billion.

Polivy named Gordon Brothers vice president
Gordon Brothers Group, a venerable Boston firm that provides advisory, restructuring, and liquidation services to retailers, said that Leonard Polivy has been appointed as the vice president of the retail division.

Today in Globe Business
A round-up of business and Business section stories that appear in the print edition of today's Boston Globe.

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