Tuesday, November 1, 2011

Daily Business Update from the Boston Globe

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Tue. Nov. 01, 2011

Mass. employers losing confidence, group says
A business group says Massachusetts employers appear to be losing the optimism they once had about future economic growth.

Hard Rock proposes to build casino in Holyoke
Hard Rock International

Bank of America kills plans for debit fee
Bank of America is nixing plans to charge a $5 debit card fee.

Newspaper circulation figures released
The nonprofit organization that measures newspaper circulation released figures today, using a new methodology that counts a broad spectrum of readers, including some who read digital versions.

Job openings rise in Mass., New England
The number of new job openings in Massachusetts has increased 9 percent so far this year over last year, according to a report released today by the Boston recruiting software firm Bullhorn. The news is even better around New England, with Vermont experiencing a 53 percent jump in open jobs, Maine, 33 percent, New Hampshire ,25 percent, and Rhode Island, 19 percent. Bullhorn’s Job Opportunity Index is based on openings reported by 50,000 recruiters and hiring managers at 5,000 US companies.

Macy’s to open at midnight Thanksgiving Day
Macy’s Inc. says it will open all of its namesake stores at midnight on the day after Thanksgiving for the first time. It becomes the latest retailer to extend hours on Black Friday, the traditional kickoff to the holiday season.

American Superconductor cancels acquisition
American Superconductor Corp., a US maker of wind-turbine components and power cables based in Devens, canceled a deal to buy Finland’s The Switch Engineering Oy, citing “adverse market conditions.”

AP analysis: Candidates’ Twitter use varies widely
Twitter is abuzz with presidential candidates this year, though not all in the Twittersphere are equal.

Judge dismisses SEC charges against two former State Street employees
A judge has dismissed charges brought by federal regulators against two former State Street Corp. investment executives over allegedly misleading customers about the risk in funds that lost money on subprime mortgages. John P. Flannery, the former chief investment officer of Boston-based State Street’s investment arm, was cleared of charges that he and another employee marketed a Limited Duration Bond Fund as a safe, money-market-like vehicle and failed to disclose to investors in 2007 problems brewing in mortgage-related investments.

Mullen wins iRobot ad account
Roomba vacuum-cleaning robot maker iRobot Corp., headquartered in Bedford, has signed with Boston ad agency Mullen.

Gas prices down 5 cents for the month
Gas prices in Massachusetts have dropped another two cents in the past week and are now down a nickel in the past month.

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