Wednesday, July 20, 2011

Daily Business Update from the Boston Globe

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Wed. Jul. 20, 2011

Fidelity Charitable: Contributions up 12%
Fidelity Charitable, which has just shortened its name from the Fidelity Charitable Gift Fund, reported a 12 percent increase in contribution dollars for the first six months of the year.

iRobot to explore adapting robots for hospital use
Bedford’s iRobot Corp. is teaming up with a California company to devise and adapt robot that can perform hospital and health care tasks.

Swizz Beatz raps on Reebok’s Reethym of Lite
The Canton-based sneaker brand Reebok is enlisting the help of rapper Swizz Beatz in a marketing campaign that highlights Reebok’s new Reethym of Lite footwear and apparel collection.

Lone Star College System turns to EMC
Data storage giant EMC Corp. is deploying a cloud infrastructure system for Lone Star College System, a Texas college system that includes more than 90,000 faculty members, staff, and students.

Borders customers seek bargains in liquidation
Borders customers browsed the aisles of the bookstore’s massive outlet in Downtown Crossing yesterday, looking for bargains as the chain prepares for liquidation.

EMC 2Q revenues rose 20 percent
Data storage giant EMC Corp. said second-quarter revenue rose 20 percent to $4.85 billion driven partly by strong demand for its products.

AMAG to merge with Colo. company
AMAG Pharmaceuticals of Lexington and Allos Therapeutics of Colorado have agreed to merge. Plans call for the new company to be renamed and headquartered in Lexington.

LogMeIn acquires British firm for $15 million
LogMeIn Inc. of Woburn, maker of software for remotely controlling computers and mobile devices, has acquired Pachube, a British Internet service that helps Internet-enabled devices talk to each other.

Hub business travel rebounds
Boston has the fourth-highest increase in business traveler hotel occupancy in the nation, according to the TravelClick North American Hospitality Review. Occupancy is up 14.2 percent in Boston this summer compared to last year, behind Detroit (26.8 percent), Minneapolis-St. Paul (17.2 percent), and Charlotte (16.6 percent).

Shipments rise for Angry Birds merchandise
Many folks with iPhones have down-loaded the game Angry Birds from the Apple App Store. Now they soon may be able to buy lots of Angry Birds related merchandise such as plush toys and card games. So says Panjiva, a company that uses technology developed at MIT to analyze shipping cargoes. Angry Birds shipments are up, Panjiva said.

Man accused of hacking millions of papers at MIT
A Harvard University fellow studying ethics has been accused of using the Massachusetts Institute of Technology’s computer network to steal nearly 5 million academic articles.

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