Wed. Sep. 21, 2011 Mass. sells $500m in bonds after credit upgrade
Massachusetts has sold $500 million in bonds at an interest rate of slightly below 3 percent after securing what officials say is the highest credit rating in the state’s history. Treasurer Steven Grossman said the bonds were sold on Wednesday and will help pay for capital projects. He said the lower interest rate will save the state tens of millions of dollars. The sale came less than a week after Standard & Poor’s upgraded the state’s credit rating to AA+ from AA. State Street to buy Pulse Trading
State Street Corp., a Boston-based financial services company, said it has agreed to buy Pulse Trading Inc. State Street’s press release did not include financial details of the sales agreement. Headquartered in Boston, Pulse Trading is a full service agency brokerage firm; it has about 40 employees in Boston, New York, St. Louis, and San Francisco. The transaction is expected to close in the fourth quarter. Fidelity lands new business for workplace savings plans
Fidelity Investments, a Boston-based financial services company , said that new business for its workplace retirement plans resulted in Fidelity getting $17 billion in additional assets under administration in the first half of 2011. Fidelity manages corporate 401(k) plans for employers and similar plans for nonprofits. During the first half of the year, 269 companies and nonprofits gave their workplace retirement plan business to Fidelity. More than $15 billion of that total was a result of new clients choosing Fidelity. Mullen looks to crowd-sourcing for Olympus camera ad
Boston ad agency Mullen is turning to crowd-sourcing to shape a digital marketing campaign for long-time client Olympus and its Pen camera line. Mullen recently helped Olympus give away a thousand free Pen E-PM1 cameras. In return, recipients agreed to post photos and video on a blogging website. Some of that content will be included in an ad that Mullen plans to break online next month. The ad aims to demonstrate that the Pen is a lightweight camera that can deliver quality images. Staples survey: Sick days may be a thing of the past
A new survey from the business division of Staples Inc. found that about 60 percent of respondents were reluctant to call in sick. One common response: There’s “too much going on” at the office to stay home and nurse the flu. Other respondents said that even when feeling lousy, they felt compelled to “tough it out,” said Staples, the Framingham-based office supply giant. Staples offers several tips for surviving the flu season, including this one: Practice “respiratory etiquette” at work. Survey: Harvard ranks second in social media use
Oklahoma and LSU may be the best teams in college football, according to the latest Associated Press poll, but Johns Hopkins, Harvard, and Notre Dame are the top schools for social media. Harvard unveils details of Allston expansion
Harvard is proceeding with a multi-phased development in Allston that will start with a massive life sciences center and the development of residences and offices, to be followed by a 36-acre cluster of research buildings and offices. Harvard details Allston expansion
Harvard University today released details of its massive science campus in Allston, saying it intends to proceed with a first phase that will include a 700,000-square-foot health and life sciences center on Western Avenue and a residential and retail commons at nearby Barry’s Corner. In a letter to Allston neighbors, the university laid out a multi-phased approach to transforming its considerable Allston land holdings into a massive collection of academic buildings, commercial offices, open spaces, residences, and retail stores. Cheng is the new GM of WGBH’s World Channel
Boston PBS affiliate WGBH has a new general manager for its World Channel --- Elizabeth Cheng, the longtime vice president and director of programming and communications for WCVB-TV (Channel 5). World Channel is a digital multicast service that features documentaries and TV news from around the globe. The channel, which is funded by grants from the Corporation for Public Broadcasting, was launched in 2004 and is carried on 60 public television stations nationally. iRobot unveils enhanced unmanned underwater vehicle
Bedford robot-maker iRobot Corp. is introducing a new version of the Seaglider, an unmanned underwater vehicle that can be described as a seafaring robot. The updated design of the Seaglider allows for increased payloads and additional sensors. The Seaglider has been used by both government agencies and oceanographers to collect such research data as water temperature and salinity. After last year’s oil spill in the Gulf of Mexico, Seagliders were equipped with sensors that could detect underwater oil plumes. Bal joins law firm Nixon Peabody
Navjeet K. Bal, formerly the Commissioner of Revenue for the Commonwealth of Massachusetts, has joined the Boston office of Nixon Peabody LLP, the law firm said. Bal, who joins Nixon Peabody as counsel, began her tenure as revenue commissioner in 2008 following her appointment by Governor Deval Patrick. Before serving as commissioner, she practiced law in Mintz Levin’s public finance group, where she often served as counsel in publicly and privately placed debt financings. | 
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