Wednesday, May 18, 2011

Daily Business Update from the Boston Globe

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Wednesday, May 18, 2011

Southwest's 2-day sale & a few words about sales
Southwest Airlines is offering a summer sale.

BJ's Wholesale Club 1Q profit climbs 29 percent
BJs Wholesale Club Inc., a Westborough-based chain of 190 warehouse club stores, reported first-quarter net income of $33.7 million, or $0.62 per diluted share, which exceeded its guidance.

Fidelity launches global high-income fund
Fidelity Investments, the Boston-based mutual funds giant, announced the launch of the Fidelity Global High Income Fund.

Eaton Vance net income up 74% on record assets
Investment manager Eaton Vance Corp. said today that its second-quarter profit surged 74 percent as assets under management reached a record high, pushing fees up and resulting in a 19 percent increase in revenue.

Gentle Giant buys Allston Piano Moving
Gentle Giant Moving Co. said it has acquired Allston Piano Moving Co. as Somerville-based Gentle Giant looks to expand the moving services it can offer to its customers.

Shire to buy Advanced BioHealing for $750m
Shire PLC, an Irish biopharmaceutical company with a presence in Massachusetts, said yesterday that it is buying Advanced BioHealing Inc. for $750 million.

Staples 1Q profit up, but disappoints Wall Street
FRAMINGHAM-- Staples Inc.'s first-quarter profit rose 5 percent due to better sales overseas and increased buying by small businesses in North America.

Abiomed reports fiscal 4Q loss, Impella sales rise
DANVERS -- Abiomed Inc. posted a loss for the fourth quarter which, unlike last year, did not have the benefit of the sale of its stake in World Heart Corp. Yet revenue rose sharply, giving a boost to company shares before the market opened today.

Skyworks Solutions to acquire SiGe for $210m
WOBURN -- Analog chip maker Skyworks Solutions Inc. said Tuesday it is buying SiGe Semiconductor Inc., a manufacturer of equipment that enables wireless interconnection between electronic devices.

Electricity North West will use EnerNOC services
EnerNOC, a Boston-based energy management company, said it will provide demand-response services to Electricity North West Limited, a major distribution network operator that delivers power in the North West of England.

Thermo Fisher Scientific buys UK lab products firm
Laboratory sciences supplier Thermo Fisher Scientific Inc. of Waltham said that it has acquired Sterilin Ltd., a British company that provides single-use plastic products serving the microbiology, life sciences, and clinical markets.

Liberty Mutual posts photo essay on Freedom Ride
Liberty Mutual, the Boston-based insurance giant, has just posted a completed photo essay on the 2011 Student Freedom Ride at its "Responsibility Project" website.

Tuesday, May 17, 2011

Virus causes data breach at state websites
Personal information about an unknown number of Massachusetts citizens may have been stolen from the Massachusetts Executive Office of Labor and Workforce Development, after hundreds of the agency's computers were infected with a computer worm.

Walpole lender settles discrimination allegations
A mortgage company based in Walpole agreed to a $250,000 settlement to end to a state investigation into allegations that it discriminated against African American borrowers, the attorney general's office said today.

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