Thursday, April 5, 2012

Daily Business Update

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Daily Business Update


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Thu. Apr. 05, 2012

Dyax officially marks the opening of its new Burlington headquarters

Dyax Corp., a biopharmaceutical company, officially marked the opening of its new corporate headquarters at Network Drive at Northwest Park in Burlington, the real estate firm Jones Lang LaSalle said. Dyax was previously located at 300 Technology Square in Cambridge. In the lease transaction, Jones Lang LaSalle represented both Dyax and Nordblom Co., Dyax’s new landlord. Network Drive at Northwest Park is a campus of seven office buildings situated on 158 acres in Burlington.

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Pinnacle Airlines bankruptcy filing likely to have little impact on Logan Airport

Delta Connection and United Express customers at Logan International Airport will likely see little immediate impact from the bankruptcy filing of Pinnacle Airlines Corp., which operates the regional services for the major carriers in Boston. Delta Air Lines has a total of 2,044 monthly departures from Logan. Of those, 685 are operated by Delta Connection carriers, which include Pinnacle, ASA, Comair, and Chautauqua, with 167 flown by Pinnacle.

GlobalPost’s ‘On Location’ wins Peabody Award

GlobalPost, an international news website with headquarters in Boston, has won a prestigious George Foster Peabody Award for its “On Location” video series. The Peabody Awards honor the best work of electronic media, and for 2011, there were 38 winners. According to the Peabody Awards committee, “On Location” was cited for focusing “on news and events neglected or ignored by other media outlets.”

March roars for TJX

TJX Cos., the Framingham company that operates such chains as T.J. Maxx, Marshalls, and Home Goods, said Thursday that a key sales metric rose 10 percent for March when compared to the same month a year ago. TJX described that increase as “well-above-plan.” TJX added that it is raising its first-quarter guidance. It now expects first-quarter earnings per share to be in the range of $.51-$.52 versus the previous range of $.45-$.47.

What are campus fashion-plates wearing these days? Try North Face and Ralph Lauren

Which fashion brands do college students think are the coolest? According to a new survey, it’s a virtual tie between The North Face and Ralph Lauren. The survey of 1,100 college students is from Campus Entertainment, a marketing firm with offices in Boston. According to the firm, The North Face was cited as the coolest brand by 43 percent of the survey’s respondents. Ralph Lauren was cited by 42 percent. Other brands mentioned include American Eagle, Calvin Klein, and Levi’s.

New Balance ads talk up sneaker’s US roots

Boston-based New Balance Athletic Shoe Inc. is introducing a 30th anniversary model of its 990 running shoe with an advertising campaign that emphasizes its production in the United States. The 30th anniversary 990 is the 10th version of this shoe; some earlier models have had style numbers other than 990, like the 993, the model preceding the newest shoe. The 30th anniversary 990 is lighter and fits more snugly than the 993, and contains an updated sole and reflective logo.

IntegraGen unveils genetic screening tool for autism

IntegraGen Inc., a French biotech with a small office in Cambridge, is launching its first product for the US market --- a genetic screening tool for autism. The test is designed to assess the risk of autism in children who have older siblings with the disease. According to a recent study, the number of children identified as having an autism spectrum disorder in the US is roughly 1 in 88. The probability is much higher for a child who has an autistic older sibling.

Mass. regulators approve NStar merger

The nearly $20 billion merger with Northeast Utilities of Connecticut will create New England’s largest utility, and would likely give the new company more influence over regional energy and environmental policies. Shareholders have already approved the deal, and the state’s regulatory consent was the last hurdle the companies needed to clear before combining.

Akamai Technologies CEO Paul Sagan earned $11.9 million in 2011, double 2010 tally

Akamai Technologies Inc. chief executive Paul Sagan's pay nearly doubled last year to $11.9 million, mostly because of increased stock awards, the Cambridge Internet firm reported Wednesday. Last year, Sagan received $9.8 million in restricted stock, more than triple the amount he received in 2010. The company said in a regulatory filing that it decided to issue shares to key members of its management team last year for retention purposes. Most of Sagan's stock is slated to gradually vest by 2014.

John Hancock salutes Fenway Park’s 100th anniversary with Green Monster billboards

Red Sox fans could see a special 100th anniversary tribute when they next visit Fenway Park. In honor of this century milestone, John Hancock has created billboards that mimic the Green Monster, the park’s legendary left-field wall. The Green Monster tribute was created for John Hancock, a Boston financial services firm, by Hancock’s ad agency, Hill Holliday of Boston. The metal Green Monster replicas are “dented as though they had been peppered with one hundred year’s worth of baseballs,” Hill Holliday said.

Navy’s top officer checks out destroyer being built at Bath Iron Works in Maine

BATH, Maine — The Navy’s top officer says the next-generation of destroyer now under construction at Maine’s Bath Iron Works is a ‘‘marvel of engineering.’’ Admiral Jonathan Greenert toured the shipyard Wednesday, viewing assembled hull segments of the future USS Zumwalt. He also participated in a ceremony marking the start of construction of the third and final warship in the line. The 600-foot-long warships are the largest destroyers to be built at Bath Iron Works.

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