Friday, May 7, 2010

Daily Business Update from the Boston Globe

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Friday, May 7, 2010

At Boston Beer, no hangover from stock scare
Executives of yesterday watched their company's stock briefly dive to a penny.

Rental subsidies will continue at Blake Estates
Mayor Thomas M. Menino has brokered a deal to ensure that an affordable housing complex in Boston's Hyde Park neighborhood will remain affordable for another 20 years, his office said.

ImmunoGen expects to raise $67.4m from stock sale
CAMBRIDGE - Biotechnology company ImmunoGen Inc. expanded its planned stock offering, and now expects to raise $67.4 million in net proceeds.

Utility reaches deal to buy power from Cape Wind
The utility National Grid has reached a deal to buy electricity from the nation's first wind farm, planned off the coast of Cape Cod.

ENOVIA looks at iPhone apps for doctors
ENOVIA, the Lowell-based brand of Dassault Syst?mes, said it is partnering with app developer echoBase Inc. in an alliance that will mark Dassault Syst?mes entry into the electronic medical records market.

IRS open houses scheduled for May 15
The Internal Revenue Service has scheduled a nationwide series of May 15 open house events to help small businesses and individuals solve tax problems.

Area hospitals deploy MooBella ice cream machines
MooBella Inc., a Taunton company that has developed a "make-your-own" ice cream machine, said it has now deployed its machines at nine New England hospitals.

Bruins have more dating advice for their fans
A new ad from the Bruins looks to activate the faithful.

North Shore hospital group contemplates layoffs
BEVERLY - The chief executive of Northeast Hospital Corp. says in a letter to employees and doctors that the company could lay off as many as 100 employees.

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

Thursday, May 6, 2010

Stocks go for chaotic ride on Wall Street
Stocks recovered some ground before closing time this afternoon after falling 998 points earlier.

Raytheon gets $49m Air Force contract
Raytheon Co., the Waltham-based defense contractor, said that it was awarded a $49 million Air Force contract for work on a radar jamming decoy.

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