Mon. Oct. 17, 2011 MassMutual launches ‘Why Life Insurance?’ marketing effort on its Facebook page
Massachusetts Life Insurance Co. said it is launching a new marketing effort called “Why Life Insurance?” on its Facebook page. Springfield-based MassMutual looks to raise consumer awareness about its line-up of consumer products at a time when US life-insurance ownership rates are at a 50-year low. According to MassMutual, “Why Life Insurance?” is its first marketing initiative hosted solely on a social platform. The campaign was developed in a collaboration between MassMutual and Mullen, a Boston ad agency. `Disgusting’ political climate dooming efforts to fix economy, says Brown
Fresh off his vote against the Obama administration’s $450 billion jobs plan, Republican Senator Scott Brown told the region’s small business leaders today that both Democrat and Republican efforts to fix the ailing US economy are doomed. Brown said the nation is in the throes of a financial emergency, yet hobbled by political obstructionism that he called “disgusting.” Study ranks most dangerous airports, and Logan lands on the list
Travel + Leisure magazine looked at the 35 busiest US commercial airports to see which had the most near misses and other runway incidents over the past five years (2006–2010). Chicago O’Hare topped the list. Logan International Airport was ninth. The ranking took into consideration both the number of incidents as well as the relative severity, giving additional weight to those in which there was a greater chance of a collision. JP Morgan Chase to open loan-counseling center in Cambridge
JPMorgan Chase & Co. is opening a loan-counseling center in Cambridge to help homeowners who are struggling to pay their mortgages. The lender is expected to officially open the office tomorrow at One Canal Park, Suite 1125, Lowe’s to close 20 stores
Home-improvement retailer Lowe’s Cos. says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations. Ten locations were closed Sunday; the other 10 will close in a month. One of the stores on the list is from Massachusetts --- in Haverhill. Before the closures Lowe’s operated 1,725 stores. Mass. gas prices rise a penny a gallon
The average price for gas in Massachusetts is $3.429 a gallon in the latest weekly survey from AAA, up a penny over the previous week’s average, AAA Southern New England said. It’s the first time the weekly Massachusetts average price has risen since mid September. The current national average price for gas is $3.46. A year ago at this time, the Massachusetts average price was $2.78 a gallon. Vertex declines after sales of Incivek are little changed
Vertex Pharmaceuticals Inc., seller of the hepatitis C drug Incivek, fell as much as 4.4 percent after sales of the medicine were little changed. IMS Health Inc., a prescription-data company, said sales of Incivek in the first week of October were “relatively flat over September,” Jason Kantor, an analyst at RBC Capital Markets said in a note. Incivek competes with Victrelis, a medicine made by Merck & Co. that was also approved for sale earlier this year. Black Duck Software secures $12m in new funding
Black Duck Software, which helps companies manage the use of open-source software, said it has closed a $12 million round of funding. The round was led by new investor Split Rock Partners, Waltham-based Black Duck said; existing investors also participated in the round. Black Duck has a corporate headcount of roughly 150 employees. Over its life span, Black Duck said it has raised a total of $46 million. American Superconductor is now officially AMSC
Devens-based American Superconductor Corp. will henceforth do business as AMSC. When it launched nearly 25 years ago, the company’s sole focus was superconductors. It has since branched out into other related fields, such as providing wind turbine designs and wind turbine components. Its footprint, once largely confined to the US, now has global reach. To go with its new official name, the company also has a new tag-line, ““Smarter, cleaner … better energy.” Harvard, MIT students to challenge IBM’s Watson
Students from Harvard Business School and MIT Sloan School of Management will take on IBM Corp.’s Watson, the supercomputer that famously beat two human competitors in the TV show game show Jeopardy! Walmart Foundation chief McKenna steps down
Margaret A. McKenna, the Boston-based chief of the Walmart Foundation, is stepping down today from the nation’s largest corporate philanthropy. McKenna, the former president of Lesley University in Cambridge, will be succeeded in the post by Sylvia Mathews Burwell of the Bill & Melinda Gates Foundation. Burwell officially takes the post in January 2012; McKenna said she will continue to consult for the foundation during a transitional period. McKenna has run the charitable arm of Wal-Mart Stores Inc. since 2007. | 
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