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Fri. Mar. 09, 2012 Beth Israel Deaconess eliminating about 15 jobs, citing a drop in patient volume at the hospital Beth Israel Deaconess Medical Center said Friday that it is eliminating about 15 jobs because of a decline in patient volume for some health care services at the Boston hospital.	Advertisement
Green Mountain falls as Starbucks plans to sell rival brewer Green Mountain Coffee Roasters Inc., facing an increasing number of rivals for its Keurig coffee machines, declined the most in almost four months after Starbucks Corp. announced plans to start selling a single-cup coffee system. Shares of Green Mountain were down about 15 percent to $52.78 in early afternoon trading in New York, after earlier dropping as much as 17 percent for the biggest intraday decline since Nov. 10. The shares had gained 39 percent this year before today.
Rive Technology appoints new CEO Rive Technology, a Cambridge company focused on processes used by the refining, chemicals, and biofuels industries, said Friday that David C. Aldous is its new chief executive. Aldous will succeed founding chief executive Lawrence Evans as part of “a long-planned succession strategy” as Rive enters the commercialization phase, the company said in a press release. Evans will continue to serve on the company’s board of directors as non-executive chairman.
March Madness could have workers mentally out to lunch Mental absenteeism in the workplace is expected to be rampant next week as employees devote some company time to checking out the NCAA college basketball tournament otherwise known as March Madness. In an admittedly “tongue-in-cheek” study, the Chicago-based outplacement firm Challenger, Gray & Christmas Inc. estimates that employers will end up paying distracted workers about $175 million over the first two full days of the tournament.
Smith & Wesson returns to profit in 3Q SPRINGFIELD -- Smith & Wesson Holding Corp.’s returned to a profit in its fiscal third quarter as revenue climbed 24 percent on strong sales of handguns and sporting rifles. The latest results reported Friday beat Wall Street expectations and the company raised its revenue outlook for the year. Its shares rose 43 cents, or 7.6 percent, to $6.09 in premarket trading. Its results a year ago had included a hefty charge tied to the dropping value of its perimeter security systems business.
Raytheon to launch MathAlive! exhibit at the Smithsonian Waltham defense contractor Raytheon Co. is launching MathAlive! as part of its ongoing commitment to encouraging students to study the so-called STEM subjects of science, technology, engineering, and mathematics. Raytheon describes MathAlive! as an “immersive” STEM exhibit that will enable students and teachers to try such activities as designing video games and “engineering cities of the future.” MathAlive! is set to debut to the public Saturday at Smithsonian International Gallery in Washington, D.C.
Marlborough to give tax break to lure TJX Cos. The mayor of Marlborough said Thursday night that the city has agreed to provide a tax break to help lure retail giant TJX Cos. to a pair of office buildings being vacated by Fidelity Investments.
Boston Scientific to buy Cameron Health for $150 million upfront Natick medical device giant Boston Scientific Corp. said Thursday that it is exercising an option to buy Cameron Health Inc., a privately held company that is developing an implantable heart defibrillator, in a transaction that includes an upfront payment of $150 million. The buyout could have a higher value, as much as $1.3 billion, if Cameron, based in San Clemente, Calif., wins approval for its defibrillator, called the S-ICD System, and achieves certain sales targets.
Senator Scott Brown sends letter to OneUnited Bank, Charles Street AME church Senator Scott Brown sent a letter to the heads of both OneUnited Bank and the Charles Street African Methodist Episcopal Church on Thursday, urging them to “rise above disagreements” and resolve their loan dispute. “I do not normally advocate for government intervention into private business matters, and I fully understand that a bank has a duty to its private investors and depositors,’’ Brown wrote. But, he said, the bank’s $12 million capital infusion from the federal government in 2008 has not yet been paid back.
Amherst symposium to focus on video game industry A symposium in Amherst next week will focus on such topics as the best ways to build a video-game company outside major urban areas. The symposium takes place at a time when Massachusetts looks to grow its reputation as a hub of the video game industry. The March 15 symposium at Hampshire College is titled “Digital Games: Playing in the Valley.” Besides Hampshire College, the symposium’s organizers are the Massachusetts Digital Games Institute and the Economic Development Council of Western Massachusetts.
Exinda raises $12m in Series B funding Boston technology company Exinda said Thursday that it has secured $12 million in a Series B funding round. Exinda said participants in the round included existing investor OpenView Venture Partners of Boston and new investor Greenspring Associates. Exinda said the funds will be used as working capital as it looks to continue executing on an “aggressive growth strategy” that includes international expansion.
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