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	ADVERTISEMENT Friday, April 16, 2010 Staples announces lawsuit settlement Staples Inc., the Framingham-based retailer of office supplies, said that it has reached a global settlement, subject to court approval, of the derivative litigation relating to the company's historical stock option granting practices. National Grid asks for natural gas rate hike The utility National Grid filed a proposed rate hike with the state today that would cost the average residential customer in Massachusetts up to $175 a year more for natural gas. Ash cloud grounds more Logan flights By Katie Johnston Chase, Globe Staff Volcanic ash from an eruption in Iceland still is having a ripple effect on travel across the world, including at Logan International Airport in Boston, where 19 flights to Europe have already been cancelled... Putnam's Reynolds named Fund Leader Of The Year Robert L. Reynolds, president and chief executive of the Boston mutual funds company Putnam Investments, was honored as the Fund Leader of the Year by Fund Action at a ceremony in New York last night. Twitch your pitch and win some MIT dough The MIT $100K Entrepreneurship Competition is launching its first ever Twitch contest. What's a Twitch? A business plan you can tweet on Twitter. Spire is providing solar systems to 4 BJ's stores Spire Corp., a solar company headquartered in Bedford, said it has completed construction of solar power systems at two separate BJ's Wholesale Club locations in Massachusetts and begun construction on two additional stores located in New Jersey. Repligen expects losses in 2010, 2011 WALTHAM - Biotechnology company Repligen Corp. said today that it expects losses for both fiscal 2010 and 2011 on research, development, and general costs. Oracle agrees to buy Phase Forward Phase Forward Inc., a Waltham-based provider of data management solutions for clinical trials and drug safety, today announced that it has agreed to be acquired by Oracle Corp. for $17 per share in cash, representing a valuation of about $685 million. Today in Globe Business A sample of Business stories from the print edition of today's Boston Globe. Thursday, April 15, 2010 Payday lender agrees to cease operating in Mass. An Internet-based payday lending company accused of selling loans at up to 600 percent interest in violation of Massachusetts law will no longer be able to do business in the state under terms of a settlement with the state attorney general's office.