Monday, September 13, 2010

Daily Business Update from the Boston Globe

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Globe Today

Monday, September 13, 2010

Super Mario Bros., She-Ra turn 25
Super Mario Bros. - the Nintendo classic that for two decades was the best-selling video game of all time - turns 25 years old today.

Synta expanding cancer drug clinical trial
LEXINGTON -- Shares of Synta Pharmaceuticals Corp. surged 15 percent today after the company said it is expanding a clinical trial of a lung cancer drug after an initial stage of testing produced encouraging results.

Liberty Mutual subsidiary plans $1.4b IPO
BOSTON -- Insurer Liberty Mutual Group Inc. said its subsidiary Liberty Mutual Agency Corp. plans to raise about $1.41 billion through the sale of more than 70 million shares of stock in an initial public offering.

Uno announces menu revamp
Uno Restaurant Holdings Corp., the Boston company that operates 160 company-owned and franchised restaurants, said it is revamping its menu to give customers more choices such as Farro Salad and Chicken Tikka Masala.

Silver Bridge launches Investing In Girls
Silver Bridge Advisors, a wealth advisory firm affiliated with Boston law firm WilmerHale, said it is launching Investing In Girls, or IIG, an "education initiative that takes aim at empowering girls to pursue careers in financial services."

Peapod unveils mobile app
Peapod, the online grocery delivery service, announced the availability of PeapodMobile,a free app that enables customers to compile shopping lists on their smartphones.

A123 opens Michigan battery plant
A123 Systems, a Watertown company that develops and manufactures advanced lithium ion batteries and battery systems, announced the grand opening of a large lithium ion automotive battery production facility in Livonia, Mich.

Local gas prices fall a penny a gallon
The average price for gas in Massachusetts fell a penny to $2.609 a gallon in the latest weekly AAA survey, AAA Southern New England said today.

FORGE will create ads for Nuance
FORGE Worldwide said it has been hired by Nuance Communications Inc. to develop an ad campaign to raise awareness for Nuance's Dragon Naturally Speaking voice recognition products.

Genzyme to sell testing unit to LabCorp for $925m
Genzyme says it's selling its genetic testing business to Laboratory Corp. of America Holdings for $925 million to focus on its core growth areas.

Pro-Pharmaceuticals gears up for Phase III trial
Pro-Pharmaceuticals Inc. said it has engaged Numoda Corp. to oversee the Phase III clinical trial of its lead drug candidate.

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

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