Wed. Jul. 27, 2011 Belmont Savings to waive overdraft fees if US cuts off Social security, other payments Add Belmont Savings Bank to the list of banks laying plans to help customers in the event the US government defaults on its debt next week. The community bank promised today to waive any overdraft charges for affected customers if the government temporarily stops paying Social Security or other benefits. Thermo Fisher 2Q profits up 120 percent Laboratory instrument maker Thermo Fisher Scientific Corp. reported Wednesday its second-quarter profit leapt more than 120 percent due to discontinued operations and higher sales. Globe journalists win two Casey awards Boston Globe reporters Patricia Wen and Jenifer B. McKim have each won a 2011 Casey Medal for Meritorious Journalism. Boston Beer awards microloans to two Boston businesses The Boston Beer Co.’s Samuel Adams Brewing the American Dream philanthropic program, in partnership with microlender ACCION USA, will provide $3,500 in loans to two Boston eateries: Lulu’s Sweet Shoppe and Boston Pretzel Bakery. Boston Scientific to invest $150 mil in China Boston Scientific Corporation, the medical device maker based in Natick, will spend five years and $150 million to build up its business in China. Dunkin’ shares surge more than 40 percent Shares of Dunkin’ Brands Group have jumped about 46 percent so far on its first day trading to almost $28 from its initial public offering price of $19. Putnam fills key equities jobs Former Fidelity execs to oversee global research, overseas investing State lottery to end TV drawings, going online Beginning Aug. 15, the Massachusetts State Lottery will leave its longtime traditional broadcast home at WCVB-TV (Channel 5) and begin broadcasting all in-state games on the Web. OppenheimerFunds agreed to pay $100 million to settle allegations of mismanagement Massachusetts Mutual Life Insurance Co.’s OppenheimerFunds Inc. agreed to pay $100 million to settle allegations of mismanagement brought by mutual fund investors, according to a Bloomberg report based on federal court documents in Denver. Joule cites progress on its ethanol technology Joule Unlimited Technologies Inc. said it has been granted two patents related to the company’s work on high-volume ethanol production. Verizon to offer 4G in Worcester area Verizon Wireless will bring its 4G network to Worcester and surrounding communities starting Aug. 18. |
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