Monday, March 11, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Mon. Mar. 11, 2013
 
When it comes to good hair habits, Boston is Head & Shoulders above Chicago
A “damaged hair epidemic” may be rampant among American women, but a new survey suggests that Boston is partly immune to such bad coiffing habits as excessive blow drying, coiling a pony tail too tight, and running a brush through wet hair. Those are some conclusions from an online survey conducted by Procter & Gamble Co., which makes the Head & Shoulders hair-care line. On a Head & Shoulders list of top 10 cities with the most damaged hair, Boston ranked 10th, while Chicago was tops.
Massachusetts gas prices fall 3 cents a gallon in latest weekly survey from AAA
The average price for gas in Massachusetts is $3.699 a gallon in the latest weekly AAA survey, down 3 cents from the previous week’s average, AAA Southern New England said Monday. The current national average for gas is $3.69 a gallon. A year ago at this time, the Massachusetts average price was $3.71.
Dominion agrees to sell three power plants, including Brayton Point in Somerset
Dominion said Monday that it has agreed to sell three power stations, including Brayton Point Power Station in Somerset. The buyer is a subsidiary of funds controlled by Energy Capital Partners, a private equity firm. The transaction, which also includes two power plants in Illinois, is expected to close in the second quarter. Dominion announced last year that it planned to exit the merchant coal-fired generation business. In June, it agreed to sell Salem Harbor Power Station.
Cubist obtains remaining rights to drug candidate that would treat urinary tract infections
Cubist Pharmaceuticals Inc., the Lexington drug company best known for the antibiotic Cubicin, said it has obtained the rights to ceftolozane in certain Asia-Pacific and Middle East territories from Astellas Pharma Inc. With the attainment of these rights, Cubist said it now owns worldwide rights to develop, manufacture, and commercialize ceftolozane/tazobactam. Ceftolozane is a drug candidate with the potential to treat for urinary tract and intraabdominal infections.
Boston Properties CEO succession plan has Owen Thomas succeeding Mort Zuckerman
Real estate investment trust Boston Properties Inc. said Monday that Owen D. Thomas will succeed Mortimer B. Zuckerman as chief executive, effective April 2. Zuckerman will remain as executive Chairman and return to his original role in company activities. Thomas is currently the chairman of the Board of Lehman Brothers Holdings Inc., the successor company to Lehman Brothers.
Nipendo secures $8m in funding, plans to open Boston office
Nipendo said Monday that it has closed an $8 million Series B funding round, and the Israeli company added that it will use the money to expand to the US and open an office in Boston. Nipendo provides its customers with a cloud-based, trading partner network that removes the barriers to widespread deployment of electronic procurement and invoicing. Nipendo’s platform is used by such big companies as Pfizer, HP, Lilly, IBM, and Office Depot.
Downtown Crossing pushcarts to leave soon
The Downtown Boston Business Improvement District is shuttering a pushcart program that has operated for more than three decades at the end of March -- a move that is angering many of the 26 vendors who have stuck through Downtown Crossing’s difficult transition.
 
 

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