Monday, March 22, 2010

Daily Business Update from the Boston Globe

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Monday, March 22, 2010

Four new stores are coming to Wrentham Village
Wrentham Village Premium Outlets said four new stores will be added to its retail line-up this summer.

Web inventor to lead British research institute
Web pioneer Tim Berners Lee will head Britain's Institute of Web Science.

Holiday hiatus can be a workforce morale issue
A survey from Kronos looks at "holiday hiatus" and its effect on workforce morale. Holiday hiatus is described as that period between Feb. and May when 3-day weekends are scarce.

OneUnited misses another government payment
By Todd Wallack, Globe Staff Boston-based OneUnited Bank, which received $12.1 million as part of the US bailout of the financial industry in late 2008, skipped its fourth straight dividend payment to the US government last month, according to newly...

Philips Lifeline with AutoAlert can detect falls
A Framingham-based unit of Royal Philips Electronics unveiled Lifeline with AutoAlert, an enhanced medical alert service.

Mass. gas prices rise a penny a gallon
The average price for gas in Massachusetts rose 1 cent to $2.719 a gallon in the latest weekly survey from AAA, AAA Southern New England said today.

Novell rejects $2b buyout offer, explores options
Enterprise software provider Novell Inc. has rejected a takeover offer worth $2 billion from private equity firm Elliott Associates L.P., saying it will explore other ways of rewarding shareholders, a process that may include paying a cash dividend or attracting another buyer.

Biogen Idec announces agreement with Icahn
Biogen Idec, the Cambridge biotechnology company, said that Eric K. Rowinsky and Stephen A. Sherwin have been appointed to its board of directors pursuant to an agreement with Icahn Partners.

Devens company gets China order
American Superconductor Corp., a Devens company focused on energy technologies, said it has received an initial order for full wind turbine electrical control systems from China?s largest wind turbine manufacturer.

Raytheon's contract from Air Force will fuel growth
Raytheon Co.'s state-of-the-art campus in Aurora, Colo., has grown several times since the defense and aerospace giant put down roots in 2001.

Today in Globe Business
A round-up of stories from the Business section of today's print edition of The Boston Globe.

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