Friday, May 16, 2008
Wal-Mart gears up for opening of Leominster store
Giant discounter Wal-Mart Stores Inc. said it has scheduled a Wednesday grand opening for its new supercenter in Leominster. With 171,000 square feet of space, the supercenter was constructed with energy efficient technology and environmentally friendly features, Arkansas-based Wal-Mart...
HubSpot raises $12 million
HubSpot said today it has raised $12 million in a Series B funding led by Matrix Partners, an investment firm with offices in Boston. HubSpot of Cambridge describes itself as an inbound marketing system that helps small and medium...
J.P. Licks is bringing its ice cream to Harvard Square
J.P. Licks, whose May speciality flavors include Fresh Banana Oreo and Margarita Sorbet, said it plans to open one of its Homemade Ice Cream Cafes in Harvard Square in late June. A retail concept that was founded in Jamaica...
Wrentham firm is penalized for wage violations
A Wrentham-based construction firm has agreed to pay nearly $110,000 for alleged wage and overtime violations. The office of Attorney General Martha Coakley (right) today announced the settlement with 44-year-old Kathryn Earls and her firm, Air Safe Contracting Co....
Cabot forms joint venture to build facility in China
Boston specialty chemicals company Cabot Corp. said today that a subsidiary has signed a joint venture agreement with China National Bluestar Group to build a fumed silica manufacturing facility in China. The joint venture, Cabot Bluestar Chemical Co., will...
Frank: OK seen for Fed to pay interest on reserves
The US Congress is likely to give the Federal Reserve authority to begin paying interest on bank reserves this year, Rep. Barney Frank, chairman of the House Financial Services Committee, said today. "I got a letter from them the...
Ad exhibit is now on display in Brookline
An exhibit titled "Advertising That Changed the Nation" is now on display at the Gallery on the Plaza in Brookline. The exhibit showcases a history of public service ads, according to its organizers, the New England Institute of Art...
Rhode Island unemployment rate stays at 6.1 percent
Rhode Island's unemployment rate continues in the doldrums. The Rhode Island Department of Labor and Training says the unemployment rate in April was 6.1 percent. That's 1.1 percentage points higher than in April 2007. It's also significantly higher than...
Spalding turns to ace softballer Jennie Finch
The Spalding Group, the Springfield sporting goods brand, said it has signed up softball star Jennie Finch (left) to endorse its Dudley line of softball products. Finch led the University of Arizona to the National Championship in 2001 and...
Thursday, May 15, 2008
Strike avoided at Pilgrim nuclear plant
The owner of the Pilgrim nuclear plant in Plymouth and the union representing about 250 workers tonight reached a contract agreement just hours before the current pact expires, averting a threatened strike and lockout. The settlement followed days of tense...
Two rail companies combine efforts
Two railroad companies are combining efforts to expand freight capacity and improve service between Albany, N.Y., and Boston. Billerica-based Pan Am Railways and Norfolk Southern Railway Co., of Norfolk, Va., today announced the creation of the Patriot Corridor, which also...
One Laptop Per Child teams up with Microsoft
The One Laptop Per Child Foundation, of Cambridge, will next month start distributing a version of its XO laptop that will run Microsoft Corp.?s Windows operating system. While the move has long been expected, it represents a major shift for...
Top executive leaving Sepracor
Long-time Sepracor Inc. chief financial officer David Southwell said he is resigning next week to pursue ?other entrepreneurial activities.? Sepracor said it will replace Southwell with Robert Scumaci, the company?s executive vice president for corporate finance. The Marlborough drug maker...
Algae company raises $14m in venture round
A Cambridge firm developing algae farms to recycle carbon dioxide from industrial emissions and provide feedstock for biofuels and other products said it raised nearly $14 million in venture capital. GreenFuel Technologies Corp., founded in 2001, said it is...
Salary.com tumbles on loss and new investments
Shares of Salary.com Inc. plunged today after the Waltham software maker reported disappointing fiscal fourth-quarter results, gave a weak first-quarter forecast and shifted its business strategy. Late yesterday, the company reported a larger-than-expected fiscal fourth-quarter loss on lower than...
A dream job with a pay cut? No problem
Eighty-two percent of US workers would pursue their dream job even if it meant taking a reduction in pay, according to a global poll conducted by Monster. With a presence in Maynard, Monster is a job-search and job-recruiting website,...
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