Wednesday, May 19, 2010

Daily Business Update from the Boston Globe

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Globe Today

Wednesday, May 19, 2010

State Senate revives proposal for new energy-buying agency
By Erin Ailworth, Globe Staff Commonwealth Energy Solutions, an agency proposed by Gov. Deval Patrick to allow state agencies to consolidate utility bills and purchase power in bulk, has been resurrected in the state Senate's proposed budget for 2011 budget....

Carney hospital names interim president
By Robert Weisman, Globe Staff Caritas Christi Health Care, the Boston-based Catholic hospital system, has named Sister Marie Puleo as interim president of Caritas Carney Hospital in Dorchester. Puleo has most recently been senior vice president of mission for...

Biogen Idec, Roche give up on arthritis drug
Globe Staff Cambridge biotechnology company Biogen Idec Inc. and Swiss drugmaker Roche said today they will scrap plans to develop a rheumatoid arthritis drug because the risk of severe infections in test subjects is too high. In March, the companies...

BJ's posts better-than-expected profit for 1Q
BJ's Wholesale Club Inc., which is based in Natick, said Wednesday that its first-quarter net income rose 7 percent, partly helped by gasoline sales. The results were better than Wall Street expected, and the third-largest warehouse club operator lifted its full-year earnings guidance.

Today in Globe Business
The Christian Science Church is launching a major redevelopment of its Back Bay headquarters, with plans to remake one of Boston?s most famous landmarks: the 686-foot-long reflecting pool that anchors the church?s sprawling concrete plaza at Massachusetts and Huntington avenues.

Tuesday, May 18, 2010

Inverness to rename itself Alere
By Todd Wallack, Globe Staff So long, Inverness. Hello, Alere. Inverness Medical Innovations Inc., a Waltham medical testing and device firm that has made more than a dozen acquisitions since 2007, said today it will change its name to Alere...

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