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Thu. Oct. 04, 2012 More Americans are paying their credit card bills on time, American Bankers Association says More Americans are paying their credit card bills on time than at any point in the past 11 years, according to the American Bankers Association. Credit card delinquencies fell to 2.93 percent in the second quarter, the lowest level since 2001, the group said. The rate is down from 3.08 percent in the first quarter. A credit card account is considered delinquent if it is 30 or more days overdue.	Advertisement
Sialix is opening an office in Kendall Square Sialix Inc., a company looking to develop cancer and inflammatory disease treatments based on research conducted at the University of California San Diego, is opening an office in Kendall Square and announcing an option agreement with Momenta Pharmaceuticals Inc., a biotechnology company also located in Cambridge. The financial details of the agreement between Sialix and Momenta are not being disclosed, said Sialix CEO Jeff Behrens, who will initially head up a two-person office at Dogpatch Labs, a collaborative workspace in Kendall Square underwritten by Polaris Venture Partners.
Construction to start on new NH wood-burning plant Construction is expected to start this month on a new wood-burning plant in Concord, N.H. Financing for the $70 million plant by Concord Steam had been uncertain for years. The new plant would replace an aging one on the New Hampshire Hospital campus. The Concord Monitor reports the city and state governments agreed last year to buy power from Concord Steam for at least 10 years. The contracts require the plant to be operational by Jan. 1, 2014.
TJX same-store sales rose 6% in September TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday that its September same-store sales rose 6 percent ---
John Hancock Financial: Investor confidence softened in the third quarter Investor confidence fell a bit in the third quarter of 2012 from the second quarter but is up when compared to the third quarter of 2011, according to the John Hancock Investor Sentiment Index. “We are continuing to see positive trends, for example with investors remaining committed to investing in retirement plans such as 401(k)s and IRAs,” Hancock chief economist Bill Cheney said. “Nine in 10 investors (88 percent) are confident in their ability to maintain a financially secure retirement.”
Lux Research projects global market for carbon fiber composites to more than double The global market for carbon fiber reinforced plastics will more than double to $36 billion in 2020, growing at a compound annual growth rate of 13 percent from $14.6 billion in 2012, Lux Research Inc. said in a report. One reason: Carbon fiber prices are projected to fall by half, said Lux Research, a Boston-based intelligence firm that focuses on emerging technologies. Much of the demand could come from the wind energy industry, which uses the material to fashion long blades for large wind turbines.
Developer proposes $60 million apartment complex near JFK T stop A Boston developer is looking to build a $60 million apartment complex with 278 units between the JFK/UMass MBTA station and the Shaw’s Supermarket on Morrissey Boulevard -- a potential step toward a more extensive development with restaurants, shops, and office space along the sparsely populated roadway.
Bee’s Knees plans Fort Point gourmet grocery that looks to feature cheese, wine, cured meats --- and an on-site chocolatier Bee’s Knees Supply Co. is planning to open a gourmet grocery this fall in the Fort Point neighborhood. Jason Owens, the owner of the 5,500 square foot shop at 12 Farnsworth St., claims the store will offer the largest cheese selection in downtown Boston, an on-site chocolatier, along with wine, beer, and a wide selection local produce.
Nominate someone who has championed diversity in Massachusetts The winter issue of The Boston Globe’s Diversity Boston magazine will honor the people who have done the most for diversity in Massachusetts in recent years. Do you know someone who deserves to be recognized? We’re looking for nominations of people who have had an impact in every field such as business, government, nonprofit, schools and academia. We’re hoping to find people whose understanding of underrepresented groups has helped tear down old barriers and opened doors for all.
TripAdvisor has some ideas for a beer lover’s vacation Some folks enjoy a day at the beach when on vacation. Others opt for Disney World or a camping trip to a national park. And for those who like ales, lagers, and stouts, TripAdvisor has thoughtfully drawn up a list of destinations that might help a holiday traveler to plot out a brew-meister’s safari. The Newton-based travel review website has just issued a list of America’s top brewery tours that was devised with input from the company’s TripAdvisor Popularity Index.
SEC: eBX, a ‘dark pool’ securities exchange, agrees to pay $800k penalty for failing to protect confidential trading information Federal securities regulators on Wednesday charged Boston-based eBX LLC, a “dark pool” securities exchange, with failing to protect confidential trading information of customers and for failing to disclose that it let an outside firm use their trading data. The Securities and Exchange Commission said eBX, which runs the alternative trading system LeveL ATS, agreed to settle the charges and to pay an $800,000 penalty.
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