Thursday, September 9, 2010

Daily Business Update from the Boston Globe

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Thursday, September 9, 2010

Timberland gears up Nature Needs Heroes campaign
A new marketing campaign from Timberland Co. alerts the public to such facts as that one and a half plastic bottles are used in making each pair of the company's Earthkeepers boots.

New Bedford is top fishing port
New Bedford is once again the nation's top commercial fishing port while the value of the catch continues to fall in Portland, Maine.

DOT approves $13m for Barnstable airport terminal
State transportation officials have approved more than $13 million to build a new terminal at Barnstable Municipal Airport.

Thermo Fisher board OKs $750m share buyback deal
Scientific instrument maker Thermo Fisher Scientific Inc. said its board authorized a $750 million share repurchase program in effect through Sept. 8, 2011.

iRobot will school students in robotics
Bedford's iRobot Corp. said it will mark its 20th anniversary by deploying a team of its specialists to give hands-on demonstrations about robotic technology to a number of Massachusetts schools.

AS&E receives $42.2m order
American Science and Engineering Inc., or AS&E, said it has received a $42.2 million service and maintenance renewal order from the US government to extend support of the screening systems that the company provides to the government.

Patriot games have 2nd worst traffic jams in NFL
New England Patriots fans have to endure some of the worst traffic in the football world, according to a TomTom study that looked at gridiron gridlock.

CombinatoRx changes name to Zalicus
CombinatoRx Inc., a Cambridge biotechnology company, said it has changed its name to Zalicus Inc.

Acceleron Pharma and Shire announce joint venture
Acceleron Pharma Inc. of Cambridge and British drug maker Shire plc announced a joint venture to develop muscle therapeutics for so-called orphan diseases.

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

Wednesday, September 8, 2010

Magic Johnson firm hopes to jumpstart NorthPoint
By Jenifer B. McKim, Globe Staff A real estate investment fund co-managed by former Los Angeles Lakers superstar Earvin "Magic" Johnson's company said today that it is partnering with two other firms to move forward with the stalled NorthPoint mixed-use...

Fed survey says New England companies generally upbeat
The New England economy fared better than the nation as a whole in recent weeks, as businesses in several of the region's key industries reported "upbeat" results, according to a Federal Reserve survey released today.

Investors to develop Cambridge land parcel
Canyon-Johnson Urban Funds said today it has formed a joint venture with two investment firms to develop the largest vacant land parcel in Cambridge.

Cubist plans to add 58 jobs
Cubist Pharmaceuticals Inc., a biotechnology company developing antibiotics to treat infections and viruses, today began construction of an additional 104,000 square feet of laboratory and administrative space in Lexington.

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