Summer Street Research Partners, an institutional equity research and trading firm, plans to donate all of its trading revenue from April 29 to benefit the victims and families affected by the Boston Marathon bombings. Firm chief executive Alfred Sollami said he didn’t want to project what those revenues might be because the firm has “never done anything quite like this before.” The firm’s clients are large financial institutions, and these clients now have the opportunity of helping Summer Street’s efforts by trading in larger volumes than usual on April 29. Summer Street Research Partners employs about 30 people in offices in Boston and New York. Sollami noted that several New York firms engaged in similar fund-raising efforts after the terrorist attacks of 9/11 in 2001. Nanigans, a Boston firm that makes software that helps companies advertise effectively on social media, said Tuesday that it has closed $5.8 million in Series A.1 funding. To date, Nanigans has raised $8.9 million. Avalon Ventures, a venture capital firm with offices in Cambridge, has led both the Series A and Series A.1 rounds. Aereo, the Internet video service that's drawn the wrath of the nation's broadcasters, is coming to Boston next month. The Aereo service, presently available only in New York City, captures TV programs broadcast over the airwaves and streams them over the Internet for subscribers to view on mobile devices such as laptops, tablets and smartphones. Aereo, the television-over-the-Internet service that is threatening the broadcast and cable TV industries, is expanding to Boston on May 15. With prices starting at $8 a month, Aereo will offer 28 broadcast channels, plus the cable channel Bloomberg TV. Service will be available in Boston and surrounding areas in Massachusetts, New Hampshire, and Vermont. Aereo announced in January that it plans to expand beyond New York to 22 additional markets. Boston represents the first metropolitan area outside New York. Others expected in the coming months include Chicago, Philadelphia, and Washington. Aereo converts television signals into computer data and sends them over the Internet to subscribers’ computers and mobile devices. So far, a federal appeals court has ruled against broadcasters claims that Aereo’s service constitutes copyright infringement. BNY Mellon, a financial-services company with a presence in Greater Boston, is making a corporate gift of $150,000 to One Fund Boston, the fund established to support those directly affected by the Boston Marathon bombings and their aftermath. Love your job and where you work? Tell us all about it. Massachusetts home sales fell in March because of a shortage of homes on the market, the Warren Group said in its monthly report on the residential real estate market Tuesday. | | |
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