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Tue. Feb. 14, 2012 Aveo reports financial results Aveo Pharmaceuticals Inc., a Cambridge company developing potential cancer drugs, reported total 2011 collaboration revenues of $164.8 million, compared with $44.7 million for 2010. According to Aveo, net income for 2011 was $30.6 million, or basic and diluted earnings per share of $0.77 and $0.74, respectively, compared with a net loss of $58.8 million, or basic and diluted loss per share of $2.30 for 2010. Research and development expense for 2011 was $101.7 million, compared with $86.3 million for 2010.	Advertisement
National Grid planning 30 more places to plug in electric cars, including Chili’s restaurants Utility company National Grid is installing more than 30 new electric vehicle charging stations in Massachusetts, adding to the state’s growing network of places where such cars can plug in. There are currently about 45 charging stations in Massachusetts, according to the US Department of Energy. National Grid said the new locations should be ready to use by the end of the month.
Cambridge start-up Energy Points hopes to make energy efficiency easier to measure Energy Points, a Cambridge start-up, is using $3 million from investors to launch a software platform that will help companies measure their sustainability efforts, such as by cutting greenhouse gas emissions or becoming more energy efficient.
Workers at Crowne Plaza in Pittsfield getting $1.3 million lawsuit settlement over tips Banquet workers at a Pittsfield hotel have reached a $1.3 million settlement to end a class-action lawsuit that accused management of withholding tips. The Crowne Plaza added a 20 percent service charge to banquet bills, but only paid a portion of it to the servers, busers, and bartenders, according to the lawsuit. State law mandates that service charges must be paid to staff working the event. Settlement agreement notices were mailed last week to about 150 people.
Russia aims to replicate MassChallenge start-up competition MassChallenge, a Boston-based competition for early-stage entrepreneurs, will help Russia launch a similar program to foster startups. The nonprofit that awards $1 million annually to young companies received $100,000 from Russian Venture Company USA, the American investment arm of the Russian government. The venture firm opened its American headquarters in Boston earlier this month, and is part of a $1 billion investment fund in Moscow.
JetBlue will fly jet-setters and others from Logan to Nantucket starting in May JetBlue Airways is launching seasonal service between Boston and Nantucket in May, the airline’s 45th destination out of Logan International Airport. Flights will leave Boston at 4:50 p.m. from May 17 through Sept. 4. Passengers can book flights -- which will use full-size planes, according to JetBlue -- starting today. Prices are $98 roundtrip for travel between May 17 and June 13. Non-sale fares start at around $145 roundtrip.
SeraCare agrees to $77m buyout SeraCare Life Sciences Inc. has agreed to a buyout offer worth about $77.7 million from the private equity firm Linden Capital Partners. Its shares rose almost 10 percent by midday, just below the offered price.
Medford becomes last MA town to get FiOS TV Medford today became the last Massachusetts community to begin Verizon FiOS TV service, at least for the foreseeable future.
Zipcar adding service on more campuses nationwide Zipcar Inc. said Monday that it has launched its car sharing services at more than 45 college and university campuses since the beginning of the current school year.
Mass. regulators issue subpoena for records of Bank of America unit State regulators are investigating whether Bank of America Corp. trumped up the value of securities it marketed to investors in 2007 that ultimately cost investors $150 million in losses. Secretary of State William F. Galvin said today that he has issued a subpoena to a unit of bank, Banc of America Securities LLC, for documents on two sets of collateralized loan obligations. Bank of America, one of the nation’s biggest banks and the largest in Massachusetts, said it plans to cooperate with Galvin’s office.
Youtube videos star SolidWorks design software. And ‘Hot Rod Baby Buggy’ Dassault Systèmes SolidWorks Corp., a French company with a big presence in Waltham, has just wrapped up a segment of a marketing campaign that uses YouTube videos that highlight the collaborative features of the company’s product design software. This effort, called “Let’s Go Design,” began well over a year ago, and the idea is to engage the computer-aided design community in thinking about how crowd-sourcing can be used in fun projects --- such as designing a “Hot Rod Baby Buggy.”
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