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Fri. Apr. 20, 2012 Developers file plans for complex across from Boston Police headquartersThe developers of a large swath of land across from Boston Police headquarters in Roxbury are moving forward with plans to build several large retail stores, offices, homes and a new museum featuring African American artists. | |||
RSA Media donates billboard space to the Greater Boston Food BankBoston-based RSA Media Inc. said it will donate $2 million worth of billboard space to the Greater Boston Food Bank. The signs that will support the food bank’s hunger relief efforts include some of the most desirable billboards in the RSA Media inventory. Those billboards are visible from such major thoroughfares as Interstate 93 in Braintree, the Southeast Expresway in Dorchester, and the Rose Fitzgerald Kennedy Greenway in Boston, the company said. | |||
SEC says Boston man to pay $4.8m after feeding to MadoffA Boston hedge-fund manager and his son will pay $4.8 million to settle US regulatory claims that they lured customers with a fabricated track record before investing with other funds, including Bernard L. Madoff’s fraud. Gabriel Bitran, 66, founded GMB Capital Management LLC in 2005 and with his son Marco Bitran raised more than $500 million over a three-year period, the Securities and Exchange Commission said in an administrative order filed Friday. | |||
Electric-vehicle battery safety examined by US auto regulatorsThe US auto-safety regulator said it will hold a forum on lithium-ion batteries in electric cars next month, almost a year after a General Motors Co. Chevrolet Volt caught fire following crash-testing. The National Highway Traffic Safety Administration announced a meeting May 18 in Washington to convene government officials and auto and battery-industry representatives to talk about “safety considerations” for cars powered by lithium-ion batteries. | |||
Rockland Trust is top New England bank in J.D. Power customer satisfaction studyRockland Trust said that it ranked number one among New England banks on a new customer satisfaction study from J.D. Power and Associates. A bank with about $5 billion in assets, Rockland Trust said it earned a total score of 811 on the 1,000-point scale used by J.D. Power in its 2012 US Retail Banking Satisfaction Study. Its score exceeded the region’s average score by 82 points. | |||
Payette completes feasibility studies for Boston College, Temple UniversityPayette, an architectural design firm whose specialties include complex upgrades of buildings on college campuses, said it has separately completed master plan feasibility studies for Boston College and Temple University. In the case of BC, Boston-based Payette said it was retained to lead a master planning effort to examine operations within Higgins Hall, a science building on BC’s Chestnut Hill campus. The plan looks at such issues as how to accommodate growth and determine appropriate renovations. | |||
J&J Is open to expanding hepatitis C collaboration with VertexJohnson & Johnson’s Janssen unit is open to expanding its hepatitis C collaboration with Vertex Pharmaceuticals Inc., a Cambridge-based biotechnology company, said Gaston Picchio, vice president of Janssen’s global clinical virology and hepatitic disease area. | |||
Jones Lang LaSalle will be the leasing agent for Grafton Science ParkJones Lang LaSalle said it has been appointed as exclusive leasing agent by Tufts University for the first phase of development of Grafton Science Park. The Grafton Science Park is a commercial life sciences and technology park located in Grafton on the western edge of the Cummings School of Veterinary Medicine at a Tufts University campus. The park is a new 348,000-square-foot lab, research, and office park on the school’s campus on Route 30. | |||
Cape filmmaker gets jail time for abusing state tax creditsFilmmaker Daniel Adams pleaded guilty Thursday to defrauding the state to obtain $4.7 million in tax credits he used to finance two films he shot on Cape Cod. Adams was sentenced to serve two to three years in prison and 10 years of probation by Suffolk Superior Court judge Carol Ball after admitting to 10 counts of larceny and filing false claims with the state for his use of the tax credits. | |||
Harvard housing center: Home improvement spending is on the riseHome remodeling activity is expected to pick up later this year after “two years of bouncing around a bottom,” thanks to stronger pending home sales and continuing low interest rates, the Joint Center for Housing Studies of Harvard University said Thursday. An unusually mild winter in many parts of the country also contibuted to the pick-up, said the center, which projects that annual spending on home improvements will see “healthy growth” in 2012, ending the year up 5.9 percent. | |||
Boston Scientific 1Q profit jumps despite dip in salesNatick-based medical device maker Boston Scientific Corp. said Thursday its net income leaped in the first quarter against a year-earlier period, when the company’s performance was bogged down by impairment and restructuring costs. The company said its net income more than doubled to $113 million, or 8 cents per share, from $46 million, or 3 cents per share. The company’s profit grew despite a 3 percent drop in sales, particularly of the company’s best-selling products: implantable defibrillators and stents. | |||
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Friday, April 20, 2012
Daily Business Update
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