Thursday, June 19, 2008
Peerless Insurance re-enters Massachusetts
Peerless Insurance of Keene, N.H., said it has just issued its first Massachusetts personal auto insurance policy in more than 20 years. After announcing last November its intention to re-enter the Massachusetts marketplace under the new managed competition auto...
Pyramis Global Advisors taps Uebelein
Pyramis Global Advisors today announced the appointment of Kevin C. Uebelein as its president and chief executive. A unit of Boston mutual funds giant Fidelity Investments, Pyramis is an investment management firm focused on serving institutional investors. Uebelein joins...
Alnylam shares rise on new Japanese partnership
Alnylam Pharmaceuticals Inc. today signed its second collaborative deal in as many months, sending shares higher. The Cambridge company will work with Japanese drug developer Kyowa Hakko Kogyo Co. to develop and market the experimental respiratory drug ALN-RSV01 in...
Mass. shines in tech study, Calif. loses luster
Massachusetts remains the "gold standard" for mining economic growth from technology and science while California is losing its luster, according to a study released today. The report by the Milken Institute has ranked Massachusetts as the top US technology...
Unemployment rate jumps in the Bay State
The Massachusetts unemployment rate jumped nearly a point in May to 4.9 percent, the state's Executive Office of Labor and Workforce Development reported. Massachusetts employers added 1,400 payroll jobs. The unusually large jump from 4.1 percent in April reflects...
IRS to retirees and disabled vets: Don't lose out
The Internal Revenue Service said today that it is launching a campaign to reach retirees and disabled veterans who for economic stimulus payments under a new law but have not yet filed to claim them. According to the IRS,...
Sydney eclipses Hub as the apple of Apple's eye
Much Mac ado was made last month when Apple Inc. opened its Boylston Street shrine to the iPod, the iPhone, and the MacBook Air. For local Apple buffs, the store's debut was a case of high excitement only painfully...
New firm announces ties to UK pension fund
Constitution Capital Partners LLC of Andover, a new private equity firm, said today that it has raised $600 million from one of Britain's largest pension funds to invest in North American middle market private equity funds and to direct...
Biogen Idec investors reject Icahn's board nominees
Shareholders of Biogen Idec Inc. defeated a slate of directors proposed for the board of the Cambridge biotechnology company by activist investor Carl Icahn. Neither side released voting totals from the biotech's annual meeting today in Cambridge, but Alexander...
Sepracor epilepsy drug shown to reduce seizures
Marlborough drug maker Sepracor Inc. today said that late-stage studies of an epilepsy drug demonstrated a reduction in the frequency of seizure in patients given the drug, eslicarbazepine, along with standard anti-epileptic drugs. The more than 1,000 patients enrolled...
Boston Scientific to sell investments for $140 m
Boston Scientific Corp., the Natick medical-device maker, said that it will sell its investments in a portfolio of companies to investment firm Saints Capital for more than $100 million. In a separate deal, Boston Scientific says it will sell...
Progress Software profit jumps 72 percent
Business management software company Progress Software Corp. of Bedford said today that its second quarter profit jumped 72 percent due to strong sales and lower one-time charges. For the quarter ended May 31, net income climbed to $14.5 million,...
Rockport readies new ad campaign
The Rockport Co., known for its Canton-based Rockport footwear brand, said it is about to debut a marketing and advertising campaign titled "Are You Established?" The campaign will feature "rising talent" in music, entertainment, and fashion, the company said....
Spalding highlights Pierce of the Celtics
Spalding, the Springfield sporting goods brand, said it is moving Paul Pierce of the Boston Celtics to the front of a variety of marketing efforts following Pierce's star turn in the play-offs that led to a basketball championship for...
Alnylam forms Asian alliance
Alnylam Pharmaceuticals Inc. of Cambridge said today it has formed an exclusive alliance with a Japanese company to develop a treatment of Respiratory Syncytial Virus, or RSV, infection for Asian markets. Alnylam said it will work with Kyowa Hakko...
Wednesday, June 18, 2008
Dental implant maker coming to Mass.
Governor Deval Patrick says a European dental implant maker will set up its US headquarters and build a manufacturing plant in Massachusetts, creating 140 jobs over the next three years. Andorra-based SOADCO/KLOCKNER will first locate its headquarters in Boston and...
DiNardo named Globe's multimedia editor
Bennie DiNardo was named The Boston Globe's deputy managing editor for multimedia, editor Martin Baron said today. Currently deputy business editor, DiNardo, 51, will replace John Yemma, who is leaving the newspaper to become editor of The Christian Science...
Amtrak reschedules bridge work in Connecticut
Amtrak has rescheduled a bridge replacement project in Connecticut for next week and will offer limited alternate train and bus service on the Northeast Corridor between New York and Boston. The job over the Thames River between New London...
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