Thursday, July 29, 2010

Daily Business Update from the Boston Globe

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Globe Today

Thursday, July 29, 2010

S. Boston waterfront luxury complex is up for sale
The owners of Park Lane Seaport, a 465-unit apartment complex on the South Boston waterfront, are putting the high-rise up for sale.

New England high-speed rail project to be detailed
Plans for a high-speed rail system taking passengers from New Haven, Conn., through western Massachusetts and into Vermont will soon be detailed.

Stop & Shop Boston store gets solar installation
Stop & Shop said it has completed its first solar installation in Boston, adding to seven other stores in the Northeast where it is already generating clean power, the company announced today.

Mass. to distribute extended jobless benefits soon
The state on Saturday will begin sending unemployment checks to residents who were cut off during the long congressional stalemate over continuing federal extensions through November.

IBM to buy Storwize for undisclosed sum
IBM said it has agreed to buy privately held data-compression company Storwize for an undisclosed sum.

Mobile farm is coming to City Hall Plaza
Lay?s, the potato chip brand of PepsiCo?s Frito-Lay division, said it plans to bring a mobile greenhouse exhibit to Boston's City Hall Plaza tomorrow.

Iron Mountain reports revenue rise
Iron Mountain Inc., a Boston-based information management company, reported second-quarter revenues of $780 million, a 5 percent increase over the prior year period.

Zoll Medical fiscal 3Q earnings jump on sales gain
Resuscitation device maker Zoll Medical Corp. said its fiscal third-quarter net income soared, as revenue was buoyed in part by its Temperature Management business and Canadian sales.

Study: High deductible health plans may proliferate
Roughly 55 percent of employers said that high deductible health plans will be more attractive to them following the passage of health care reform legislation, a new study from Fidelity Investments found.

Profit jumps at American Superconductor
American Superconductor Corp., a Devens-based energy technologies company, said today that first-quarter net income was $9.2 million, or $0.20 per diluted share, compared with net income of $1.8 million, or $0.04 per diluted share, for the same quarter a year ago.

Raytheon proft drops on charges
Raytheon Co., the Waltham defense contractor, reported second-quarter net income of $208 million, a 57.5 percent drop from $489 million in the second quarter of last year.

Nuance upgrades Dragon NaturallySpeaking
Nuance Communications Inc., a Burlington-based provider of speech solutions, unveiled an upgrade today to one of its most important products, Dragon NaturallySpeaking.

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

Wednesday, July 28, 2010

Stake in Landmark Center is up for sale
The owner of Landmark Center, a massive shopping and office complex near Fenway Park, is selling a stake in the marquee property, with its owners hoping to fetch up to $535 million, according to a source with knowledge of the transaction.

Akamai taps Kenny as president
Akamai Technologies Inc., the Cambridge-based provider of Internet content delivery services, said that David W. Kenny, 48, will become president of Akamai, effective Sept. 7.

Regional economy continues to expand slowly
The New England economy continued to expand in recent weeks, but signs of slowing appeared as some companies reported mixed results and most remained cautious in hiring, according to a Federal Reserve survey released today.

American will end some Logan nonstop service
American Airlines said it will eliminate its nonstop service from Boston to Washington, D.C., and Raleigh, N.C., this fall.

Airxchange gears up for expansion
Campanelli Cos. said it has been chosen to be the builder of an expansion project for Airxchange Inc., a Rockland company that designs and manufactures energy-efficient components for the heating, ventilation, and air-conditioning industry.

Adobe agrees to buy Day Software
Adobe Systems Inc. said it has agreed to buy Day Software, a Swiss company with a presence in Boston, in a deal valued at $240 million.

Consumers prefer the underdog, study shows
Many consumers prefer buying products from companies that market themselves as underdogs, according to a recent study.

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