Wednesday, May 12, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, May 12, 2010

Wal-Mart initiative targets hunger
Wal-Mart Stores Inc. said that along with its foundation, it plans to donate nearly 2.18 million meals to Massachusetts food banks as part of a nationwide $2 billion effort to end hunger in America.

Solve world education problems and win $10k
InnoCentive and the Economist magazine are offering a $10,000 reward to the person who comes up with the best idea for providing educational opportunities to millions of children in developing nations around the world.

Beer bill would ease brewers tax burden, Kerry says
US Senator John Kerry says he wants to give the country's 1,500 small beer makers a tax break.

Metabolix: FDA clears bioplastic for use with food
CAMBRIDGE - Biosciences company Metabolix said that US regulators approved its corn sugar technology for use in items such as plastic utensils, lids, and caps.

Chin joins Fenway Sports Group
Fenway Sports Group, a Boston sports marketing agency, said that Jonathan Chin has joined the organization as vice president of integrated sales.

CVS Caremark taps Merlo as CEO starting in 2011
CVS Caremark Corp. said today that chairman and chief executive Thomas M. Ryan will retire next year, and its board has picked retail executive Larry J. Merlo to succeed him.

And now ... a signature vodka cocktail for the bride
A marketing campaign for Double Cross Vodka seeks to convince local couples that a signature vodka cocktail is an ideal way to make a wedding reception memorable.

Comcast will telecast ESPN events in 3D
Comcast Corp. and ESPN said they are teaming up to provide ESPN 3D coverage of many sporting events to Comcast?s digital cable customers.

Blake will succeed Brakke at State Street unit
State Street Global Advisors, the investment management business of State Street Corp., said that company veteran Lynn Blake will assume the role of global head of Index Equity following the retirement of Paul Brakke at the end of the year.

Tuscon Electric signs on with EnerNOC
EnerNOC Inc. a Boston-based energy management company, said it is entering into a multi-year contract to provide Tucson Electric Power to provide it with so-called demand response services.

Sand 9 closes $12m in Series B funding
Sand 9 Inc., a Cambridge start-up focused technology for the wireless device market, said it has closed a $12 million Series B round of financing.

Boston Scientific stent gets European OK
Boston Scientific Corp., the Natick-based medical device maker, said that it has received regulatory approval to market its Taxus Element Paclitaxel-Eluting Coronary Stent System in the European Union.

Humane society taps Newport Creative
Newport Creative Communications, fundraising consulting agency in Duxbury that focuses on nonprofit clients, said it has been selected by the Arizona Humane Society to work as a partner in expanding their existing direct marketing program.

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

Tuesday, May 11, 2010

FCC seeks to stop cellphone `bill shock'
By Megan Woolhouse, Globe Staff The Federal Communications Commission says it wants to prevent the "bill shock" that results from receiving an outrageously high wireless cellphone bill -- sometimes totaling thousands of dollars -- saying the problem may be widespread....

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