 | Fri. Sep. 23, 2011 Horizon Beverage holds ground-breaking for Norton facility
Horizon Beverage Co., a distributor of wine, spirits, and beer, is holding a ground-breaking ceremony today for a new facility in Norton. When the facility is completed next year, Horizon will relocate its headquarters and operations center, along with nearly 400 jobs, to the new, larger site from its existing facility in Avon. Plans also call for Horizon to create 35 jobs. The site in Norton is a vacant former General Motors plant that Horizon purchased earlier this year. Dunkin’ Brands International president to leave
Dunkin’ Brands, the Canton company that operates Dunkin’ Donuts and Baskin-Robbins, said that Neal Yanofsky, Dunkin’ Brands International president, will be leaving the company by “mutual agreement.”Dunkin’ Brands added that it has initiated a search for his replacement. Neil Moses, Dunkin’ Brands chief financial officer, will assume responsibility for Baskin-Robbins International. The company is on pace to open as many as 500 Dunkin’ and Baskin-Robbins restaurants this year in overseas markets. AMSC posts 1Q loss of $37.7 million, signs new deals
American Superconductor , the Devens company alleging that a Chinese maker of wind turbines was involved in the theft of its technology, reported a net first quarter loss of $37.7 million. First-quarter revenues were also down sharply . AMSC said the decline is due primarily to a lack of revenue from Sinovel Wind Group, a former Chinese customer that AMSC is alleging was involved with stealing its technology. AMSC said it has signed new contracts worth nearly $100 million. Forge creates ads for Dragon speech-recognition software
Boston ad agency Forge Worldwide said it has created a series of TV ads for the Dragon brand of speech-recognition software from Burlington-based Nuance Communications Inc. The campaign includes radio ads, online banner ads, and microsite updates as well as humorous TV spots. The campaign uses the tagline, “Bring Your Ideas To Life By Talking, Not Typing.” The ads are set to run this fall in Boston, Chicago, Philadelphia, Seattle, and San Francisco. Harvard endowment posts big investment gain
The Harvard endowment, the nation’s largest, earned 21.4 percent on investments for the fiscal year ending June 30. The endowment grew $4.6 billion to $32 billion and contributed about $1.5 billion to the university’s operating budgets. The Harvard investment performance was roughly in line with gains earned by other large funds tracked by consultant Wilshire Associates. It was Harvard’s second consecutive annual investment profit since the endowment suffered a sharp 27 percent loss it the university's's 2009 fiscal year. JetBlue may expand to Worcester, Providence
Low-cost carrier JetBlue Airways Corp. , the dominant airline at Boston’s Logan International Airport, may expand operations to Worcester and Providence, RI, even as it plans to boost daily flights out of Logan from the current 100 to 150. Second Dunkin’ planned for Foxwoods
Visitors to Foxwoods Resort Casino will soon have an additional opportunity to enjoy Dunkin’ Donuts coffee and baked goods on the premises. The Canton-based chain and Foxwoods are poised to hold a ground-breaking event on Monday for Dunkin’s second location at Foxwoods, the resort casino said. The new Dunkin’ is scheduled to open in Foxwoods’ Grand Pequot Tower later this year. Another Dunkin’ is already open at the resort’s Rainmaker Casino. 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. |
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