Tuesday, May 18, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, May 18, 2010

Pfizer to cut 300 jobs at its Andover plant
By Robert Weisman, Globe Staff Pharmaceutical giant Pfizer Inc. today said it will eliminate about 300 manufacturing jobs at its Andover biotechnology plant over the next five years as part of a worldwide reduction in production capacity following its blockbuster...

Massachusetts home foreclosures rise sharply
By Jenifer B. McKim, Globe Staff The number of Massachusetts homeowners who lost their properties to foreclosure in April increased to 1,372, almost 80 percent more than during the same month last year, according to data released today from the...

Survey: Many home improvement firms unlicensed
By Todd Wallack, Globe Staff Many home improvement contractors who advertise in Massachusetts are unlicensed, state regulators found. The Office of Consumer Affairs and Business Regulation, which surveyed more than 1,000 ads in local phone books and online, found nearly...

Boston 'Innovation District' startups eligible for $25k awards
Boston mayor Tom Menino told a business breakfast audience this morning that the city intends to develop a thousand acres on the South Boston waterfront and the Marine Industrial Park into an "Innovation District."

TJX 1Q net income up 58 percent
Associated Press The TJX Companies Inc., the off-price retail giant based in Framingham, reported Tuesday that strong sales at its discount stores helped send its first-quarter net income up more than 58 percent. But the company's lower-than-expected outlook for the...

FDA approves Boston Scientific's Genesys system
Globe Staff Boston Scientific Corp. said the Food and Drug Administration has approved its new system for treating menorrhagia, a condition that causes severe and prolonged menstrual periods for some women. The Genesys HTA System is designed to deteriorate the...

Monday, May 17, 2010

No Chelsea stay for alleged Ponzi schemer
By Beth Healy, Globe Staff Richard Elkinson, the Framingham man arrested in January for allegedly operating a $29 million Ponzi scheme, won't be able to await trail in Chelsea Soldiers' Home. Elkinson's request to be moved to the home from...

Wampanoags would build casino in Fall River
By Casey Ross, Globe Staff Seeking to revive its quest for a coveted gaming license, the Mashpee Wampanoag Tribe has signed a new deal to build a casino in Fall River, abandoning plans to open a destination resort in Middleborough...

More Logan flights canceled because of ash cloud
By Johnny Diaz, Globe Staff So far today, six flights to and from Logan International Airport in Boston have been cancelled because of a volcanic ash cloud from an eruption in Iceland last month. New ash has forced more European...

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