Tuesday, May 11, 2010

Daily Business Update from the Boston Globe

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Tuesday, May 11, 2010

Texas team wins MIT prize
C3Nano Inc., a team of Rice University students that created a film coating for touch screens, won a $200,000 grant in MIT?s third-annual Clean Energy Entrepreneurship competition today.

Howkins named Upromise Investments president
Upromise Investments Inc.,a Newton-based administrator of 529 college savings plans, said that chief operating officer Jeff Howkins has been promoted to president.

Koch speaks about Sam Adams plunge
Boston Beer's im Koch told 105.7 WROR radio show hosts Loren & Wally that he was unaware of - unruffled by - last week's wild day on the stock market when his company's stock briefly plunged to a penny after starting the day at near $60 a share.

Carbonite unveils BlackBerry service
Carbonite, a Boston company that provides Internet backup service, said it is introducing a new mobile application for BlackBerry smartphone users that provides access to their backed up files anywhere, anytime directly on their BlackBerry phone

Thermo Fisher delivers Homeland Security order
Thermo Fisher Scientific Inc. said it has completed shipment of 135 handheld chemical identification instruments to fulfill a federal contract from the US Department of Homeland Security?s Transportation Security Administration.

Bain Capital will move to Hancock Tower
Bain Capital is moving its offices to the John Hancock Tower, taking nearly 210,000 square feet in one of the most significant lease deals of the last several years.

Diagnostics for All gets Gates foundation grant
Diagnostics for All, a Cambridge nonprofit that seeks to create low-cost, easy-to-use point-of-care diagnostic devices designed for the developing world, said it has received a $100,000 grant from the Bill & Melinda Gates Foundation.

Tudor Ventures leads investment round
Tudor Ventures, a venture capital and private equity firm with offices in Boston, has led a $14 million Series C financing round in Vantrix, a Canadian company specializing in video optimization and delivery services.

Dunkin' franchisee group growing in Midwest
The DD Independent Franchise Owners Group, a group that represents many Dunkin' Donuts franchise owners in the United States, said it now represents about 2,300 shops after many shops in the Midwest joined its ranks.

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

Monday, May 10, 2010

Abigail Johnson promoted in Fidelity reshuffling
By Todd Wallack, Globe Staff Fidelity Investments is expanding the portfolio of Abigail Johnson, but also bringing in an outsider with whom she will share the running of the Boston financial services giant. The company today announced that Abigail Johnson,...

Media barred from Boston Scientific meeting
By Robert Weisman, Globe Staff Boston Scientific Corp., which posted a $1.6 billion first-quarter loss and is facing problems on multiple fronts, is barring media from its shareholders meeting tomorrow morning. The annual meeting in Boston will be the first...

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