Tuesday, May 4, 2010

Daily Business Update from the Boston Globe

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Tuesday, May 4, 2010

Nohria is named dean of Harvard Business School
Nitin Nohria, the Richard P. Chapman Professor of Business Administration at Harvard Business Schools, will become the School?s 10th dean, Harvard president Drew Faust announced today.

MWRA can financially weather crisis, Moody's says
The healthy financial position of the Massachusetts Water Resources Authority?s should allow it to weather the immediate impact of the major water main failure that occurred over the weekend, Moody?s Investors Service, the bond rating agency, said in a report.

JetBlue announces Hub-Sarasota service
JetBlue Airways continues its steady expansion out of Boston with new daily service to Sarasota, Fla., beginning Nov. 18 for an introductory price of $69 each way.

Dunkin’ coffee is brewing again
Roughly 300 Dunkin' Donuts stores that were affected by the water shortage will be coming back on line all day, with many already serving coffee, a company spokesman said.

Mass. business confidence rises in April
A Massachusetts business confidence index rose seven-tenths of point from March to post a 47.5 reading in April, said the Associated Industries of Massachusetts, an employers group that maintains the index.

PineBridge taps State Street
State Street Corp., the Boston company that provides financial services for large investors, said it as been appointed by PineBridge Investments to provide investment manager operations outsourcing services for $53 billion in assets.

Comcast rolls out High-Speed 2go service
Comcast today announced the launch of its high-speed wireless data service in Greater Boston as part of a nationwide rollout of High-Speed 2go product.

Hall joins Leerink Swann
Leerink Swann, a health-care investment bank headquartered in Boston, said that Jim Hall has joined the firm as a managing director in its strategic advisory and consulting group.

Private-equity backed firms big Mass. employer
Massachusetts companies backed private equity investment employ more than 119,000 workers in the Commonwealth, according to new data from the Private Equity Council.

Pending home sales up for 10th straight month
The number of single-family homes put under agreement in April was up 25 percent over the same time last year, and pending sales for condominiums were up 22 percent, the Massachusetts Association of Realtors said today.

Interactive Data agrees to $3.4b acquisition
BEDFORD -- Interactive Data is agreeing to a $3.4 billion buyout by private equity firms Silver Lake and Warburg Pincus.

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

Monday, May 3, 2010

Sophos sells majority stake
By Hiawatha Bray, Globe Staff Sophos PLC, a data security firm with dual headquarters in the UK and Burlington, has agreed to sell a majority stake to Apax Partners, a global private equity group. Details of the transaction were...

Dunkin' to give away free coffee tomorrow
By Erin Ailworth, Globe Staff Making coffee has been hard for some 300 Dunkin' Donuts stores in the region because they can't get clean tap water. So some loyal customers have had to do without -- but not tomorrow....

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