Friday, September 7, 2012

Daily Business Update

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Daily Business Update


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Fri. Sep. 07, 2012

Visible Measures: Online video of Michelle Obama’s speech generates 2.58m views

The speech delivered by First Lady Michelle Obama was more widely viewed online than any other speech at this week’s Democratic National Convention, according to Visible Measures Corp., a digital video analytics company based in Boston. With more than 2.5 million views, Michelle Obama’s speech got roughly 1 million more views than the speech given by former President Bill Clinton. The speech given by President Obama has generated about 308,000 views. Because the speeches were delivered on different nights, it’s hard to generate apples-to-apples comparisons at this point.

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Twins Enterprise launches National Football League clothing line under its ‘47 Brand name

Twins Enterprise Inc., a Westwood company perhaps best known for its store near Fenway Park, is launching a line of National Football League apparel and hats under its ‘47 Brand name. The launch is part of an ongoing company strategy to establish ‘47 Brand as a stand-alone lifestyle brand. ‘47 Brand’s NFL line is designed to appeal as much to women as to men. Twins Enterprise was started by two brothers in 1947. Hence the ‘47 Brand name.

Aileron Therapeutics is expanding its focus to include endocrine and metabolic diseases

Aileron Therapeutics Inc. said it is expanding into endocrine and metabolic diseases with a new program that aims to start the clinical development of a drug candidate in early 2013. The Cambridge-based company added that it has appointed Hubert C. Chen, MD, to the post of vice president of clinical development for endocrine and metabolic disease. Chen joins Aileron from Regulus Therapeutics. The program’s drug candidate is being developed to treat such rare disorders as adult growth hormone deficiency and HIV lipodystrophy.

EMC says CEO Joe Tucci to remain through at least Feb. 2015

EMC Corp. said chief executive Joe Tucci will remain at the company through at least February 2015 under an amended employment agreement. The board expects Tucci to transfer his role as CEO to a successor and become solely chairman of EMC and majority-owned VMware Inc. sometime earlier, the company said in a regulatory filing. EMC’s board also approved an $8 million grant to Tucci of restricted stock units, which are tied to performance targets, according to the filing. Data storage giant EMC is headquartered in Hopkinton.

Reebok eliminates global president job as it reorganizes

Reebok International Ltd. said Thursday it has reorganized its senior management and eliminated the position of global president. Uli Becker, who was named in 2008 to oversee Reebok’s business around the world, is now president of Reebok North America. The Canton maker of athletic shoes is following the structure of its German parent company, Adidas, and there is no longer a global president for either brand, said Dan Sarro, a Reebok spokesman.

Amazon reveals new Kindle

Amazon.com has announced a new illuminated version of its popular Kindle e-book reader. The Kindle Paperwhite will sell for $119 for a basic version that connects to Wi-Fi wireless Internet services, or $179 for a version that can download electronic books over 3G cell phone networks. Amazon chief executive Jeff Bezos said the Paperwhite’s screen will have 62 percent more pixels than the current Kindle, so that books will appear clearer and easier to read. Amazon is taking orders for the new device and will begin shipping it on Oct. 1.

WBZ-TV renews agreement to broadcast the Boston Marathon

WBZ-TV (Channel 4) and the Boston Athletic Association said Thursday that they have renewed their exclusive Boston Marathon partnership for four years through the 120th running of the Boston Marathon in 2016. As part of the agreement, WBZ-TV will continue to be the exclusive local broadcaster of the Boston Marathon providing live coverage of the 117th running of the Boston Marathon, which is scheduled for Monday, April 15, 2013.

BJ’s Wholesale said to seek $1.62b in loans to refinance

BJ’s Wholesale Club Inc., the US warehouse-store chain acquired last year by Leonard Green & Partners LP and CVC Capital Partners, is seeking $1.625 billion in loans to refinace debt and pay a dividend, according to a person with knowledge of the transaction. Headquartered in Westborough, BJ’s operates roughly 190 club stores in 15 states from Maine to Florida, according to its website.

Suffolk Construction will manage One Channel Center project in Boston

Suffolk Construction Co. said it has been selected to manage construction of the One Channel Center project in Boston. The $125 million project, developed by a joint venture of AREA Property Partners and Commonwealth Ventures, will feature an 11-story office building with 525,000 square feet of space and a 10-level above-ground parking garage that can accommodate 950 vehicles. When completed, something expected to happen in 2014, the new building will be fully occupied by State Street Corp.

Green Bay Packers star Clay Matthews pitches Gillette’s Fusion ProGlide razor line

Gillette, the Boston-based male grooming brand that is the “Official Shave of the NFL,” said that National Football League star Clay Matthews will support a marketing campaign for Gillette’s Fusion ProGlide razor line. According to Gillette, Matthews has “succeeded by going against the grain of conventional wisdom throughout his football career.” Also according to Gillette, the Fusion ProGlide razor “provides incredible comfort even against the grain.”

Dominion seeking to sell power plants in Illinois, Massachusetts

Dominion Resources Inc. plans to sell three power plants, two in Illinois and one in Massachusetts, capable of generating a combined 4,118 megawatts. The Massachusetts plant is the Brayton Point Power Station in Somerset. Dominion will use proceeds from the sale to reduce debt and boost its regulated businesses, according to a statement from the Virginia-based company.

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