Friday, July 23, 2010

Daily Business Update from the Boston Globe

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Friday, July 23, 2010

Genzyme stock soars on reports it could be sold
By Mark Pothier, Globe Staff Reports that Genzyme Corp. has been approached by French drugmaker Sanofi-Aventis SA about a possible acquisition sent the Cambridge biotechnology company's stock soaring this afternoon, with shares up by about 17 percent. The Wall Street...

Mullen was a sponsor of Fenway soccer game
Boston ad agency Mullen said it was an official sponsor of Football at Fenway, Wednesday night's soccer game that pitted the Celtic Football Club against the Sporting Clube de Portugal.

General Mills taps into solar power for local plant
General Mills Inc., the food company known for such brands as Cheerios, Nature Valley, and Betty Crocker, said it has installed solar panels at its Yoplait yogurt plant in Methuen.

Giant is opening a bike store in the Fenway
Giant Bicycles, a Taiwanese bike manufacturer with US headquarters in California, said it is set to celebrate the grand opening tomorrow of Giant Cycling World, a store in the Fenway that aims not only to sell bikes but also to raise Giant's brand awareness.

Boston Private one of 17 firms blasted by pay czar
By Todd Wallack, Globe Staff The nation's "pay czar" today criticized Boston Private Financial Holdings, Bank of America Corp. and 15 other institutions for making $1.6 billion in "ill-advised payments" to their top paid employees shortly after accepting aid from...

Houghton Mifflin says it’s tops in Texas and Fla.
Houghton Mifflin Harcourt, the Boston-based publishing company whose specialties include textbookss, announced today that it is claiming market leadership in Florida and Texas, two of the country?s largest K-12 education adoption markets.

Novomer is awarded federal research money
Novomer Inc., a company with its headquarters in Waltham but much of its operations near Cornell University in Upstate New York, is in line to receive $18.4 million in federal research money, the US Department of Energy said.

NxStage Medical 2Q loss narrows on revenue boost
LAWRENCE -- Dialysis device maker NxStage Medical Inc. said that its second-quarter loss narrowed on a revenue boost from the sale of home care products and from its critical care unit.

Taunton hospital to close two units
Morton Hospital and Medical Center in Taunton is closing two units, essentially putting 43 people out of work.

Skyhook will 'map' SF marathon
Skyhook Wireless will use its Wi-Fi Positioning System to provide a real-time map of this Sunday's San Francisco Marathon.

Dorel ready to give locals a car seat workshop
Many parents don't know the proper techniques for installing and using a child's car seat, according to a recent survey from Dorel Juvenile Group and AAA so Dorel has scheduled a car-seat workshop for today morning in Dorchester.

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

Thursday, July 22, 2010

Cranberry feud escalates to Web and social media
Decas Cranberry Products Inc. is charging that rival Ocean Spray Cranberries Inc. is mislabeling one of its products, and Ocean Spray is firing back that Decas engaged in dirty pool with a social media campaign that targets Ocean Spray.

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