Thursday, July 8, 2010

Daily Business Update from the Boston Globe

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Thursday, July 8, 2010

Suffolk Construction will manage Logan project
Suffolk Construction Co. said it has been hired to manage a $250 million construction project at Logan International Airport.

American Science and Engineering lands contract
American Science and Engineering Inc., a Billerica company focused on X-ray detection technology, said in a press release that it has received a $8.3 million award for its Z Backscatter Vans from a Latin American customs agency.

Hyannis hostel opens doors
Hostelling International?s Eastern New England Council is celebrating the official opening of the Angeline Crocker Hinckley Hostel in Hyannis today.

Merck & Co. to shut down Cambridge operation, other sites
Drugmaker Merck & Co., based in New Jersey, said today it is shutting down eight manufacturing plants and eight research sites around the world, including one outside Cambridge, in the latest phase in its strategic pruning of operations.

Boston Scientific enrolls patient in sensor test
Boston Scientific Corp., the Natick medical device maker, announced enrollment of the first patient in a clinical trial is designed to evaluate sensors used by one of its defibrillators.

Thermo Fisher develops test for Gulf fish
Thermo Fisher Scientific, the Waltham company that is the world's largest maker of lab instruments, said it has developed new screening methods to detect petroleum contamination in oysters and fish affected by the oil gusher in the Gulf of Mexico.

TJX reports June sales, raises outlook
TJX Cos., one of the few retailers that has performed well during the recession, reported that same-store sales rose 3 percent in June when compared with the same month last year and added that it is raising its guidance for its second quarter.

Key revenue indicator up, but BJ's misses view
NATICK -- BJ's Wholesale Club Inc. said that a key revenue gauge rose in June, but the gain fell short of analysts' expectations.

Casual Male readies superstore concept
Casual Male Retail Group Inc., the Canton-based haberdasher that specializes in outfitting out-sized men, is unveiling plans to open Destination XL, a new men's superstore concept "catering to the bigger and taller man."

JFK Library archives will go digital
Endeca Techologies has been hired by the JFK Presidential Library to provide the software that will give website users a robust search engine experience when accessing the nation?s first online digitized presidential archives.

Today in Globe Business
A sample of Business stories from today's Globe.

Wednesday, July 7, 2010

Securities office notifies advisors of data breach
By Todd Wallack, Globe Staff The Massachusetts Secretary of State's office said today it decided to send letters to 139,000 investment advisers, warning them that their personal information was accidentally exposed earlier this year. As reported last week, the office's...

Deadline for Top Places to Work extended
The deadline for nominations for the 2010 edition of the Globe's annual survey of the organizations that offer the most rewarding work experiences is being extended to July 16.

Fourth of July telecast is tops in Hub
WBZ-TV Channel 4's broadcast of the Boston Pops Fourth of July performance and fireworks celebration lit up the local ratings.

Raytheon unit wins additional $6m on contract
Raytheon Co., the Waltham-based defense contractor, said its BBN Technologies subsidiary has been awarded an additional $6.1 million in funding from a defense project to help troops rapidly translate foreign language text while on the battlefield.

Park Square building to become apartments
Developer Dean Stratouly is moving forward with a plan to transform the former Boston Renaissance Charter School on Arlington Street in Park Square, Boston, into an apartment and retail complex.

Vt. ski resort launches project with foreign money
JAY, Vt. -- Vermont's Jay Peak Ski Resort is launching a giant expansion project funded in part with money from foreign investors who were given U.S. residency permits in exchange for their money.

Bank of Easton taps Strategis
The Bank of Easton has selected Strategis as its new agency of record, said Stoughton-based Strategis, which describes itself as a marketing and communications agency.

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