Thursday, October 30, 2008
Harmonix will work on Beatles Rock Band-style game
(The album cover of Sgt. Pepper's Lonely Hearts Club Band) Harmonix Music Systems, the Cambridge company that created Rock Band, will be part of a group developing a new interactive music video game based on the music of the...
Fantini & Gorga arranges loan for shopping center
Fantini & Gorga, a Boston real estate investment banking firm and an affiliate of Eastern Bank of Boston, said it arranged $11.1 million in interim financing for Plaza 188, a 71,500 square foot retail center in Malden. Plaza 188...
Promotions and hirings in and around the Hub
Virtusa Corp., a Westborough-based global information technology services company, has announced a number of promotions. Tom Holler has been promoted to executive vice president and chief operating officer. Ranjan Kalia has been promoted to senior vice president, chief financial...
New postmaster of Boston is sworn in
James J. Holland was sworn in as the 52nd postmaster of Boston in a ceremony at the Seaport World Trade Center in Boston, the US Postal Service said today. As postmaster of Boston, Holland, a Northeastern University graduate who...
Local business confidence index hits all-time low
Confidence among Massachusetts employers in October fell to the lowest-level since the brutal recession of the early 1990s, Association Industries of Massachusetts reported. AIM's business confidence index plunged more than 5 points in the past month to 41.4, the...
IDC: Financial crisis hits cellphone market
Compared to previous quarters, the worldwide mobile phone industry shipments fell significantly in the third quarter because of the global financial crisis, IDC said today. In the third quarter of 2008, mobile phone manufacturers shipped 299 million handsets, up...
Summers: Economy could rebound in late 2009
The financial system could begin to return to normal in about six months and the economy begin to rebound at the end of next year, but fundamental changes needed to create long-term prosperity could take years, said former Treasury...
Dynamics Research lands $15m contract
Dynamics Research Corp., an Andover-based company that provides a variety of consulting services to federal and state governments, said it has received an estimated $14.9 million federal contract. The contract is from the Office of the Chief Information Officer...
Dyax secures $50m facility
Dyax Corp., a Cambridge biopharmaceutical company, said today that it has entered into a committed equity financing facility under which it may sell up to $50 million of its common stock to Azimuth Opportunity Ltd. over an 18-month period....
Alnara secures $20m in venture capital financing
Alnara Pharmaceuticals Inc., a newly formed life sciences company in Boston, announced today that it has secured $20 million in Series A venture capital financing. The company said it is focusing on developing innovative non-systemic protein therapeutics for the...
Pharmacy sales boost CVS profit by 7 percent
(File photo: Daniel Barry/Bloomberg News) CVS Caremark Corp., a drugstore operator and pharmacy benefits manager headquartered in Woonsocket, R.I., said its profit grew 7 percent in the third quarter as retail pharmacy revenue improved. CVS said it earned $732.5...
Verizon completes broadband project in W. Mass.
Verizon Communications Inc. said it has completed an expansion program that brings broadband Internet service to thousands of residents in Western Massachusetts. The expansion affects consumers and businesses in 24 rural communities in Western Massachusetts, the company said. The...
Wednesday, October 29, 2008
IBM gets $5 million in tax breaks to expand
The state Economic Assistance Coordinating Council approved $5 million in state and local tax breaks for IBM Corp., which recently began a $63 million expansion in Littleton. IBM vice president Bob McDonald said the company plans to create 42 jobs...
Children's Hospital launches philanthropy website
Children?s Hospital Boston said it has launched Generation Cures, which it describes as a Web-based philanthropic community designed for tweens and their parents to raise financial support for pediatric medical research. The free site uses game play and digital...
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