Tuesday, April 27, 2010

Daily Business Update from the Boston Globe

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Tuesday, April 27, 2010

Profit up in 1Q at Waters on improved sales
MILFORD - Waters Corp. says strong demand for its new products helped boost its profit 3 percent in the first quarter.

Southwest plans Hub-Phoenix flight
Discount carrier Southwest Airlines Co. said it is launching new service between Phoenix and Minneapolis and between Phoenix and Boston.

Judge rejects $296m plea deal for Guidant
A federal judge in Minneapolis has rejected a plea deal by Boston Scientific Corp.'s Guidant unit to pay $296 million in exchange for pleading guilty to charges it failed to properly disclose changes made to some implantable heart devices.

FTC says Talbots settles robocall suit
Talbots Inc. and its California marketing partner have agreed to pay $161,000 in penalties to settle allegations that it delivered made at least 3.4 million illegal "robocalls" to consumers last year, the Federal Trade Commission said today.

Putnam: Workers need to save more for retirement
Americans are less likely to fully fund their individual retirement accounts this year, in some cases because they lack the cash, according to a new survey from Putnam Investments.

Verizon offers YouTube to some FiOS TV customers
Verizon Communications Inc. said that many of its FiOS TV customers will now be able to watch YouTube videos and listen to Internet radio over their TV sets at no additional fee beyond their current monthly subscription bill.

Home prices nudging upward - but with a caveat
By Jenifer McKim, Globe Staff Home values in the Boston-area increased 1.8 percent in February compared to the same month in 2009 but were down 1 percent from January, according to new data released today by the S&P/Case-Shiller Home Prices...

SeaChange sells Casa ownership stake
SeaChange International Inc., an Acton company that provides software and hardware for video-on-demand television, said it has completed the sale of its ownership stake in Casa Systems, Inc. for gross proceeds of $34.1 million.

State Street's investor confidence index falls
Global investor confidence fell 7.7 points to a 99.7 reading from March's revised reading of 107.4, according to an investor confidence index from State Street Global Markets.

Joule closes $30m funding round
Joule Unlimited Inc., a Cambridge company that looks to produce liquid fuel from the sun, announced the closing of a $30 million second round of funding.

Coax-cutters say so long to cable TV
One in eight consumers are set to cut off their pay TV services in the next 12 months and use their PCs, gaming consoles, and other connected devices to access video programming instead, according to the Yankee Group.

Baskin-Robbins gears up for 31 Cent Scoop Night
Baskin-Robbins has scheduled its annual 31 Cent Scoop Night for tomorrow evening.

Circulation drops at Globe, Herald
Circulation at newspapers, including The Boston Globe and The Boston Herald, continued to drop as more readers get their news online, according to new figures released today.

Today in Globe Business
A sample of Business stories from the print edition of today's Boston Globe

Monday, April 26, 2010

Dunkin' Donuts returning to Russia
By Gal Tziperman Lotan, Globe Correspondent Dunkin? Donuts is returning to Russia after an 11-year absence, opening the first of 20 stores in Moscow Wednesday, a spokeswoman confirmed. The chain closed its two Russian locations in 1999 because of...

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