Monday, May 3, 2010

Daily Business Update from the Boston Globe

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Monday, May 3, 2010

Airline merger to have a small impact at Logan
By Katie Johnston Chase, Globe Staff The merger of United Airlines and Continental Airlines would create the largest carrier in the world, but it won't have a big impact on Boston passengers. As it stands now, the combined airline would...

Alnylam to receive EU patent approval
CAMBRIDGE - Drug developer Alnylam Pharmaceuticals Inc. said that the European Patent Office has issued a notification of an intent to grant for a patent series that includes 16 claims covering compositions and methods.

Thermo Fisher to redeem $500 million in notes
WALTHAM - Thermo Fisher Scientific Inc., a maker of scientific supplies and laboratory instruments, said Monday it will buy back about $500 million in senior subordinated notes due in 2015.

Regulators cite Tremont Credit Union
State regulators have publicly cited a Braintree credit union for a host of problems, including insider abuses by officers, operating without adequate supervision from the board of directors, and creating insufficient earnings and reserves to protect deposits.

Hood launches cottage cheese ad campaign
HP Hood, the Lynnfield based dairy products company, said it is launching an ad campaign that promotes its cottage cheese as an important ingredient in healthful recipes.

Sam Adams suspends local brewing to save water
Boston Beer Co. will not be brewing Samuel Adams locally for the next few days in an effort to conserve as the Greater Boston area deals with a shortage of drinkable water, company spokeswoman Michelle Sullivan said.

Reports: Interactive Data to be sold for $3.1b
Interactive Data Corp., the financial market data provider based in Bedford, is close to being purchased for $3.1 billion by two private equity firms, according to reports in The Wall Street Journal and The New York Times.

Life sciences tax incentive program kicks off
The Massachusetts Life Sciences Center, the quasi-public agency that seeks to promote the life sciences industry in the Bay State, said that is now accepting applications for the 2010 Life Sciences Tax Incentive Program.

IPG Photonics 1Q profit more than doubles
IPG Photonics Corp., a maker of lasers, said its first-quarter profit more than doubled as demand recovered after the recession.

Marsh & McLennan acquires Bostonian Group
Marsh & McLennan Agency LLC said has acquired Bostonian Group, a large regional insurance brokerages in New England, for an undisclosed amount.

BP official may discuss oil spill at BC forum
Robert Dudley, a top official for British Petroleum, is scheduled to be the keynote speaker at the Boston College's Chief Executives? Club of Boston lunch Thursday.

Olivia's Organics unveils Single-To-Go Salads
State Garden, a Chelsea family business that supplies lettuce and other salad ingredients to food chains throughout the Northeast, said its Olivia Organics brand is launching its first single-serve salads, which are called Single-To-Go Salads.

Mass. gas prices jump 6 cents
Gasoline prices in Massachusetts rose 6 cents to $2.869 a gallon in the latest weekly survey from AAA, AAA Southern New England said today.

JetBlue taps Mullen
JetBlue Airways, an airline with a major presence at Logan International Airport, said it has chosen Mullen to be its new ad agency of record.

Pastore is permanent CFO at Sonus
Sonus Networks Inc., a Westford-based maker of Internet network hardware and software, said that Wayne Pastore has been appointed senior vice president, chief financial officer, effective immediately.

Fed stimulus plan funded 11,692 Mass. jobs in Q1
Federal stimulus funds directly funded 11,692 jobs in Massachusetts during the first three months of the year, according to newly released federal data.

e-Dialog buys MBS
Burlington-based e-Dialog, a provider of e-mail marketing services, said it will acquire privately held MBS for $22.5 million cash.

Magnify.net chooses Akamai
Akamai Technologies Inc., the Cambridge-based provider of Internet content delivery services, said that it has been chosen by Magnify.net as its primary video delivery network for its 68,000 Web video channels.

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

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