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Wed. Oct. 10, 2012 Fenway Center wins court battle The state’s appeals court has upheld a land court ruling allowing the construction of the massive Fenway Center development,	Advertisement
Winter heating bills to be higher this year With winter temperatures expected to return to normal following last year’s mild season, Massachusetts residents who warm their homes with heating oil can expect spend a record amount in the next six months, according to a federal forecast released Wednesday.
Angel investments in start-ups climb Start-up funding by angel investors climbed 3.1 percent in the first half of the year compared with the same period in 2011, according to the Center for Venture Research at the University of New Hampshire. Angel investors, who typically make small seed investments into early-stage companies, made a total of $9.2 billion in funding deals during the first two quarters of 2012, according to the center, which tracks the angel market.
Cambridge Savings Bank CEO Robert M. Wilson, now on medical leave, will resign Dec. 31 Cambridge Savings Bank announced Wednesday the resignation of president and chief executive Robert M. Wilson, who took a medical leave of absence earlier this year. The effective date of the resignation is Dec. 31. Wilson will remain with the bank as a member of its board of directors. The bank said its board of directors has convened a succession committee to identify a new chief executive.
Boston-Power: Founder Christina Lampe-Onnerud has resigned from company board Boston-Power Inc., a Westborough-based company focused on lithium-ion battery cells, said Wednesday that founder Christina Lampe-Onnerud has resigned from the company’s board of directors. Just over a year ago, the company said it was receiving $125 million in new funding from a combination of private equity investment and support from China. Although the company has its headquarters in Massachusetts, it has a technology center in Beijing and manufacturing operations in Asia, its website says.
Respiratory Motion gets a green light on its ExSpiron respiratory monitoring system Respiratory Motion Inc., a privately held medical device company headquartered in Waltham, said it got a regulatory go-ahead for its ExSpiron respiratory monitoring system. As a result of receiving a 510(k) clearance from the US Food and Drug Administration, the company said it now expects that the ExSpiron will be available for clinicians beginning in January 2013. The device provides continuous, noninvasive minute ventilation data in non-ventilated patients. Minute ventilation data are the amounts of air that enter and leave the lungs every minute.
Bain Capital agrees to buy Apex Tool Group in deal valued at $1.6 billion Bain Capital Partners LLC, a global private investment firm headquartered in Boston, said Wednesday that it has agreed to buy Apex Tool Group, a tools manufacturer, from Danaher Corp. and Cooper Industries in a transaction valued at about $1.6 billion, subject to post-closing adjustments. Maryland-based Apex, formed in July 2010 as a joint venture between Danaher and Cooper, is one of the largest global producers of industrial hand and power tools, tool storage, drill chucks, chain, and electronic soldering products for industrial, commercial, and do-it-yourself applications.
Harvard Coop revenues rose nearly 4 percent The Harvard Cooperative Society, the retailer that may be better known as the Coop, reported that it had revenues of $45 million for the fiscal year that ended June 30, up 3.8 percent from the previous fiscal year. Under its cooperative model, the Coop said that its 33,000 paid-up members will receive a total of $856,000 in rebates. The Coop currently has five retail locations --- three that serve the Harvard University community and two that serve the MIT community. The Coop also has an online catalog.
Cambridge Health Alliance in talks with Beth Israel Deaconess about potential affiliation Cambridge Health Alliance, which has been seeking a partnership with a financially stronger hospital system for two years, said Tuesday that it has entered exclusive talks with Beth Israel Deaconess Medical Center in Boston about a potential affiliation. In a statement, Cambridge Health Alliance chief executive Patrick Wardell said his hospital group has signed a letter of intent “to investigate clinical, academic and strategic affiliations that could enhance care provided by both institutions.”
Globe’s chief advertising officer leaving for job at MaineToday Media The Boston Globe’s chief advertising officer is leaving to become chief executive of MaineToday Media Inc., publisher of The Portland Press Herald. Lisa DeSisto, who is also general manager of Boston.com, is departing after 17 years at the Globe. She is scheduled to start in her new position on Nov. 19. MaineToday Media Inc. is that state’s largest media organization. In addition to the Press Herald, the company publishes several other newspapers.
Rapid7 acquires Seattle mobile security firm Boston security software firm Rapid7 Inc.
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