Tuesday, June 1, 2010

Daily Business Update from the Boston Globe

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Globe Today

Tuesday, June 1, 2010

Mass. gov hopeful Baker lists payments from board seats
Associated Press A state financial disclosure form released today shows Massachusetts Republican gubernatorial candidate Charles Baker received $100,000 or more for each of two board seats he held last year. One of the payments came from Harvard Pilgrim Health Care,...

Union reaches tentative deal with Worcester hospital
Associated Press About 1,300 housekeepers and lab workers at several UMass Memorial Health Care facilities in Worcester have reached a tentative contract agreement with the company, averting a potential strike. Members of United Food and Commercial Workers Union Local 1445...

State pension fund takes a beating in May
May was a bad month for the state pension fund, with investment losses wiping out $1.5 billion in gains made so far this year, a pension official said during a meeting of the fund's board today.

Circor buys Mazda valve unit
Associated Press Circor International Inc. said today that it bought the valves division of Indian valve and vacuum system maker Mazda Ltd. Burlington-based Circor, which makes valves and other fluid control products, did not disclose terms of the deal. It...

Mass. RMV adds online scheduling of road tests
Associated Press The Internet generation is about to get something it may value more than Facebook or instant-messaging: the ability to schedule driver's license road tests online. Until Tuesday, 16.5 year olds had to call a Registry of Motor Vehicles...

Mass. gas prices tumble another 6 cents
Associated Press Gas prices have fallen another six cents on average in Massachusetts and have dropped 10 cents over the past two weeks. A weekly survey by AAA Southern New England found self-serve regular averaging $2.76 a gallon in the...

Mass. business confidence surges
Globe Staff Business confidence rose sharply in Massachusetts last month, according to the Associated Industries of Massachusetts (AIM). AIM's "Business Confidence Index" rose four points in May to 51.5, topping 50 ? neutral on its 100-point scale ? for the...

Constant Contact names Grewal CFO
Associated Press E-mail marketing company Constant Contact Inc. said today that it named Harpreet Grewal chief financial officer, effective July 6. Grewal, 43, most recently worked as chief financial officer for TheLadders.com, an online job search platform and recruiting company....

Covidien acquires device maker ev3 for $2.6 billion
Covidien PLC said today it is buying vascular device maker ev3 for $2.6 billion in cash as it continues to remake its business.

Zipcar on the road to going public
Globe Staff Zipcar Inc., the car-sharing service headquartered in Cambridge, has filed paperwork with the securities and Exhcange Commission in preparation for an initial public offering of company stock. Founded in 2000, the service offers the use of automobiles by...

Today in Globe Business
When the Massachusetts Port Authority takes possession of Worcester Regional Airport from the City of Worcester on July 1, it will be inheriting a debt-ridden operation in need of improvement. Runways need repaving, the landing system doesn?t allow planes to land in the lowest levels of visibility, hangars are outdated, and the road to the 64-year-old airport winds through five miles of city streets.

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