Wednesday, April 24, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Wed. Apr. 24, 2013
 
Boston Scientific ‘inaugurates’ large rooftop installation of solar panels in Quincy
said it is celebrating Earth Day by “inaugurating” a large rooftop installation of solar panels at the company’s distribution center in Quincy. The installation, made up of 3,900 panels, covers 120,000 square feet of roof top, and it is expected to produce about a quarter of the distribution center’s power needs, said Boston Scientific, a Natick-based maker of medical devices. According to the company, the nearly 1.7 million of kilowatt hours per year that the installation will produce is the equivalent of the amount of electricity used annually by 145 average-sized American homes. This is the third-largest rooftop solar installation in Massachusetts, according to data provided by the Massachusetts Executive Office of Energy and Environmental Affairs, Boston Scientific said.
L.L.Bean commits $150,000 to the One Fund Boston
, the well-known retailer of outdoor gear headquartered in Freeport, Maine, announced Wednesday a $150,000 commitment to The One Fund Boston, an organization established by Massachusetts Governor Deval Patrick and Boston Mayor Thomas Menino to raise funds for people and families affected by last week’s bombings near the finish line of the Boston Marathon. “Like so many throughout the country and across the globe, we are saddened and shocked by the events that occurred in Boston,” L.L. Bean president and chief executive Chris McCormick said. “The One Fund Boston helps to ensure that those individuals and families tragically impacted have a resource to turn to for immediate support as well as ongoing needs as they put their lives back together.”
Saucony creates medallion to support One Fund
Lexington-based Saucony has created the #BostonStrong lace medallion as a fund-raiser for The One Fund Boston. The two-sided medallion features the viral hashtag and unity motto #BostonStrong on one side and a custom-designed, laced-up heart icon on the other. Runners can obtain the #BostonStrongLace Medallion for $5 per pair. For every pair of medallions purchased, Saucony will donate 100 percent of the sale price to The One Fund Boston, established by Governor Deval Patrick and Boston Mayor Thomas M. Menino to help the victims of the Boston Marathon bombings.
Accessories company bringing hunger fight to Boston
A visit to Burlington’s Nordstrom by a product buyer for Barnes & Noble has not only led to a new selection of products in the bookstores at some Boston-area colleges, it may also lead to some hungry people in Boston getting something to eat. Founded by brother and sister Carmin and Christian Black, Half United sells accessories including necklaces, bracelets, and earrings with half of the profit on every item sold being donated to charity. The siblings celebrated their company entering the Boston market by appearing at the Simmons College Barnes & Noble bookstore Monday. Originally, they had intended to donate half the proceeds from the items sold during their campus visit to Boston-area hunger charities, but the events surrounding the Boston Marathon led to a change in plans.
Alegeus Technologies, a health care benefits company, acquires Workable Solutions
, a Waltham company focused on health care and benefit payments, said Wednesday that it has acquired
Thermo Fisher Scientific: 1Q revenues rose 4%
, a Waltham company that recently agreed to buy a California life sciences firm for $13.6 billion, said Wednesday that its revenue increased 4 percent to a first quarter record of $3.19 billion. Thermo Fisher Scientific focuses on analytical technologies, specialty diagnostics, and laboratory products and services. “We’re pleased with our solid first quarter results, with good performance on the top line,” Marc N. Casper, company president and chief executive, said in a statement. “We also extended our track record of strong adjusted EPS (earnings per share) growth, delivering a 17 percent increase year over year. Although the macro environment played out at the lower end of our expectations, our teams executed well to continue our growth momentum into 2013.”
 
 

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