 | Thu. Sep. 22, 2011 Target feeling social media sting more than a week after website crash
More than a week after Target’s website crashed under the weight of shoppers rushing to buy discounted products by designer Missoni, social media storm clouds have formed over the Minneapolis-based retailer. Would-be Missoni buyers are using Facebook, Twitter, and popular fashion blogs to complain about lost or delayed orders, and cancelled sales. Internet retailers have had their share of gaffes, but the Target’s Missoni mess may amount to something of a transformative moment in the history of e-commerce. United Technologies to buy Goodrich for $16.4b
Hartford’s United Technologies Corp. will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace-and-defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft components. The industrial conglomerate already owns jet engine manufacturer Pratt & Whitney as well as Carrier heating and cooling, Otis elevator, and other businesses. Goodrich makes aircraft components including landing systems, wheels and brakes, along with systems for military aircraft. The deal is expected to create a $66 billion company. Target feeling social media sting more than a week after website crash
More than a week after Target’s website crashed under the weight of shoppers rushing to buy discounted products by designer Missoni, social media storm clouds have formed over the Minneapolis-based retailer. Would-be Missoni buyers are using Facebook, Twitter, and popular fashion blogs to complain about lost or delayed orders, and cancelled sales. Internet retailers have had their share of gaffes, but the Target’s Missoni mess may amount to something of a transformative moment in th Former UMass president takes post at Defense Technology Initiative
Jack Wilson, the former president of the University of Massachusetts, is the new chairman of the Defense Technology Initiative, the initiative said. The initiative works to make New England more competitive for defense firms, research universities, and military installations. The initiative’s parent organization is the Massachusetts High Technology Council, an advocacy group for the local technology industry. Martha Stewart is teaming up with Staples to help gussy up those home offices
Home fashion guru Martha Stewart is teaming with office-supply giant Staples Inc. and Avery Dennison Corp. to create a product line for folks who want a stylish home office. The “array of everyday products in the line will debut in early 2012” and will be sold exclusively at Staples, the companies said. The products will “provide solutions to easily personalize and blend existing organization systems used in the home, office or home-based business,” a Staples executive said. Visible Measures raises $13m in Series D round
Visible Measures, a Boston company that provides analytics and other services for companies that advertise through so-called social video, said it has secured a Series D round of financing for $13 million. The round was led by DAG Ventures with participation from new strategic partner Advance Publications Inc., owners of Conde Nast. Using Visible Measures metrics, a corporate advertiser can get an idea of how many times one of its video ads is viewed online. Celniker is new Eleven Biotherapeutics CEO
Eleven Biotherapeutics, a Cambridge biopharmaceutical company, said it has appointed Abbie Celniker to the post of chief executive. Most recently, Celniker served as president and chief executive officer at Taligen Therapeutics, which was acquired by Alexion in January. Eleven Biotherapeutics was founded in 2010 by Flagship Ventures, Third Rock Ventures, and research scientists. The company is focused on engineering and developing protein-based therapeutics. Hamilton Co. buys Allston apartment building for $22.5m
The Hamilton Co., a real estate company that owns and manages more than 5,000 apartments in Greater Boston, said it has bought an apartment building in Allston for $22.5 million. Located at 435-441 Cambridge St. and 506-524 Cambridge St. in the Union Square section of Allston, the property has 135 units, said Hamilton Co., which described the transaction as its largest Allston acquisition in a decade. The building was formerly owned and operated by Forest Properties. Friendly’s unveils new ad campaign
Friendly Ice Cream Corp., the Wilbraham-based chain of 488 family restaurants, said it is launching a “brand revitalization” initiative and ad campaign that highlights a line-up of $5 menu items known as “High 5’s.” The marketing campaign, which includes TV ads, billboard ads, and a Facebook component, features a spokeswoman known as High 5 Heidi, who urges all hands to “spread friendlyness” as she seeks to make the high five gesture the chain’s “signature symbol.” 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. |
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