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Fri. Apr. 13, 2012 Reluctant tax filers get an extra 48 hours this yearTax procrastinators are getting a break this year -- not on what they owe, but when their returns must be filed. A couple calendar anomalies have pushed back the due date from April 15 to April 17. When the 15th falls on a Sunday, as it does this year, the last day to file tax returns is moved to Monday. But because Monday is Emancipation Day in the District of Columbia, taxpayers nationwide get an additional 24-hour extension. | |||
BostonGlobe.com named ‘World’s Best Designed’ site by Society for News DesignBostonGlobe.com, the Globe’s paid subscription website, has been named the “World’s Best Designed” site for 2011 by the Society for News Design. In citing BostonGlobe.com, judges in the SND annual Best of Digital News Design competition said it “decisively raised the bar for digital news design.” “The Globe site is a refreshing shift away from crafting news design as a single artifact and toward news design as an organism that responds to context, to device, and to the user,” they said. | |||
Apartments near convention center approvedBoston officials Thursday night approved construction of a 197-unit apartment building across from the Boston Convention & Exhibition Center, adding to a massive influx of new homes planned in the Seaport district. | |||
L.L.Bean’s Bootmobile is heading to Kenmore SquareThe L.L.Bean Bootmobile will be in and around Boston over the next several days as the well-known Maine retailer of outdoor clothing and gear marks its 100th birthday. Friday should find the Bootmobile in Kenmore Square, and the Saturday plan for the Bootmobile is to be on hand at the Boston Common when Mayor Thomas M. Menino and L.L.Bean are set to announce Boston’s Summer Kayak Series. | |||
Talbots 4Q loss widens on higher chargesTalbots Inc.’s fiscal fourth-quarter loss widened on higher charges as the women’s clothing chain took aggressive markdowns and promotions during the period. It provided a first-quarter revenue forecast below Wall Street’s expectations. Hingham-based Talbots also said Thursday that it continues to explore its strategic options after rejecting an approximately $205.2 million buyout bid in December from a private equity firm that is its biggest shareholder. | |||
Novartis Gilenya patient has infection associated with TysabriA patient taking Novartis AG’s Gilenya multiple sclerosis pill has been diagnosed with a potentially deadly brain infection. The patient previously took Tysabri, an injection from Weston-based Biogen Idec Inc. and Elan Corp., Novartis said in an e-mailed statement. Tysabri increases the risk of the viral infection, known as progressive multifocal leukoencephalopathy, that usually leads to death or severe disability, according to a warning the drug’s label has carried since 2006. | |||
Local Walmarts donate $100k to Children’s Hospital BostonRetail behemoth Wal-Mart Stores Inc. said its Associate Choice Program has donated $100,000 to Children’s Hospital Boston. Since 2002, the company has donated more than $8 million to the hospital. Last year, the company said it donated a total of $11 million to Massachusetts nonprofits. Under the Associate Choice Program, company employees vote on which nonprofit organization in their state should get donations. | |||
LogMeIn unveils a challenge to DropboxOne of the state’s youngest public companies is taking on popular consumer online storage services from Dropbox Inc. and Apple Inc. | |||
AG Martha Coakely urges mortgage giants to implement loan forgiveness for homeownersMassachusetts Attorney General Martha Coakley is looking to step up pressure on mortgage giants Freddie Mac and Fannie Mae to reduce loan principal for homeowners struggling to pay their mortgages and avoid foreclosure. In a letter sent Wednesday to Edward DeMarco, acting director of the Federal Housing Finance Agency, a coalition of state attorneys general that includes Coakley advocated for swift implementation of principal forgiveness in federal loan modification programs. The Federal Housing Finance Agency oversees Fannie and Freddie. | |||
IRS agents swoop in on Bedford headquarters of F.W. WebbInternal Revenue Service officials descended on the Bedford headquarters of plumbing and heating distributor F.W. Webb Thursday morning, barring many employees from entering the building. Jessica Crocker, a spokeswoman for the agency’s Criminal Investigation Unit, said IRS personnel were performing “official duties” at the company. She declined to offer specifics. | |||
MassChallenge: 1,237 aspiring entrepreneurs apply for this year’s class, up 69 percentMassChallenge Inc., the Boston-based nonprofit offering more than $1 million in prizes to promising start-ups, said that there were 1,237 applicants for its class of 2012, up 69 percent from last year when there were 733 applications. Applications for this year’s class came from 36 states and 35 countries. The deadline for submitting applications for this year’s class was Wednesday. MassChallenge is open to any innovative start-up, from anywhere, that has the potential to invigorate the economy and create new jobs. | |||
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Friday, April 13, 2012
Daily Business Update
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