Tuesday, April 29, 2008

Wyeth cutting 1,200 jobs, including some in Mass.
Pharmaceuticals giant Wyeth, which has operations in Andover and Cambridge, said it plans to eliminate 1,200 jobs, or 4 percent of its worldwide workforce. That is in addition to 1,200 sales jobs the company eliminated last month. Company spokesman...

Loss widens at Idenix
Biopharmaceutical company Idenix Pharmaceuticals Inc. said today that its first-quarter loss widened because of a decrease in reimbursements for research and development costs and a lack of milestone payments received in the quarter. Shares of Cambridge, Mass.-based Idenix fell 58...

Mass. man wins Samuel Adams homebrew contest
A pale ale brewed by a Massachusetts man has won the 2008 Patriot Homebrew Contest hosted by The Boston Beer Company, brewers of Samuel Adams beers. Adam Walsh's India pale ale triumphed over nearly 200 other brews to win the...

New England unemployment rate unchanged
The unemployment rate in New England, at 4.8 percent in March 2008, was essentially unchanged over the month, according to a report issued by the Bureau of Labor Statistics of the U.S. Department of Labor. Though little changed since February,...

Biogen's Rituxan fails in lupus trial
Biotechnology companies Biogen Idec Inc., based in Cambridge, and Genentech Inc. said today their drug Rituxan failed a late-stage study involving lupus patients. The drug, which is already approved to treat non-Hodgkins lymphoma and rheumatoid arthritis, failed to prompt a...

Cynosure profit more than doubles
Cosmetic treatment equipment maker Cynosure Inc. said today that its first-quarter profit more than doubled on strong demand for its aesthetic laser products. The company earned $4.9 million, or 38 cents per share, compared with profit of $2.1 million, or...

Monday, April 28, 2008

Rezendes wins Knight fellowship
Michael Rezendes, a veteran investigative reporter for the Boston Globe, was among 12 journalists today who were awarded John S. Knight fellowships for a year of independent study at Stanford University beginning this fall. Rezendes, a member of the...

Summit Partners raises a $1.56b fund
Summit Partners, a Boston venture capital and private equity firm, has raised a $1.56 billion European buyout fund. Summit said the private equity fund will be its first dedicated exclusively to investing in mid-size and growth companies across the Atlantic....

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