Thursday, May 6, 2010

Daily Business Update from the Boston Globe

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Thursday, May 6, 2010

Genzyme to buy back $2 billion in stock
By Todd Wallack, Globe Staff Genzyme Corp. said today it will buy back $2 billion worth of stock and consider selling or spinning off some non-core businesses in an effort to boost its share price and appease frustrated investors. The...

BP will do whatever it takes to fix spill, exec tells BC
BP is going all out to contain and clean up an oil spill caused by the explosion of a BP oil rig in the Gulf of Mexico, a BP official told the Boston College's Chief Executives? Club of Boston today.

Lowest Southwest prices? Depends on the airport
Southwest CEO discusses the airline's plans for Logan, T.F. Green, and Manchester-Boston Regional with the Providence Journal.

Mass Bay-Turnpike Credit Union merger gets OK
The Massachusetts Division of Banks approved a request by the Mass Bay Credit Union in Boston to merge with the Turnpike Credit Union in Weston.

It's now the SBLI No Nonsense Post Game Show
The Savings Bank Life Insurance Company of Massachusetts announced a multi-year advertising agreement with the WEEI Red Sox Radio Network.

DesPrez is leaving Manulife
John DesPrez III, the former John Hancock chief who came in second in a two-man race for the top job at the insurer's Canadian parent, is leaving the company.

BJ's Wholesale Club April revenue comparison rises
NATICK - BJ's Wholesale Club Inc. said revenue in stores open at least one year jumped 4.6 percent in April, as customers filled their tanks with at the retailer's gas pumps.

TJX reports solid April sales
TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, HomeGoods, and A.J. Wright, said that its April sales were $1.6 billion, up 10 percent from the comparable four-week period a year ago.

Dicerna has a new chief executive
One cofounder has replaced another as chief executive at Dicerna Pharmaceuticals Inc., a Watertown company specializing in RNAi gene silencing technology.

Maine summer camp taps Fuseideas ad agency
Fuseideas said it has been chosen to be the ad agency of record for Camp Waziyatah, a summer camp in Waterford, Maine, for children between the ages of 7 and 17.

TripAdvisor: We'll always have Paris
TripAdvisor, a Newton-based travel review website, said that more than 12,000 B&Bs, inns and hotels around the world have added their URLs, telephone numbers and e-mail addresses to their TripAdvisor listings.

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

Wednesday, May 5, 2010

Keep interest rates low, Boston Fed chief says
By Robert Gavin, Globe Staff The Federal Reserve should keep interest rates low to spur enough economic growth to reduce unemployment, Eric Rosengren, president of the Federal Reserve Bank of Boston, said today. In addition, Rosengren said in a...

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