Daily Business Update

Massive expansion proposed for convention center

Mon, 23 Nov 2009 16:30:02 -0500

By Casey Ross, Globe Staff Already one of the biggest buildings of its kind in New England, the Boston Convention & Exhibition Center would double in size under a an expansion plan unveiled today by state officials, eventually becoming a...

First Wind begins expansion of Maine wind farm

Mon, 23 Nov 2009 13:49:40 -0500

Globe Staff First Wind, a Boston-based wind power company, said that it has begun construction for an expansion of its Stetson Wind project in Danforth, Maine. The first phase of the Stetson Wind project began operations in January. This second...

Mass. gas prices are unchanged, AAA says

Mon, 23 Nov 2009 12:20:17 -0500

Globe Staff The average price of a gallon of gas in Massachusetts is unchanged from the previous week at $2.619, AAA Southern New England said. AAA puts out a weekly survey that focuses on self-serve, regular unleaded gas, and in...

Fantini & Gorga arranges financing for storage units

Mon, 23 Nov 2009 11:09:56 -0500

Globe Staff Fantini & Gorga, a Boston mortgage banking firm affiliated with Eastern Bank, said that it recently arranged $6.385 million in acquisition financing for two self storage properties on behalf of its client, Storage Opportunities Partners LLC, an owner...

Raytheon receives $241 million Navy contract

Mon, 23 Nov 2009 10:14:30 -0500

(This 2007 artist's rendering of the Zumwalt is a Navy handout.) Associated Press Raytheon Co., the Waltham-based defense contractor, said today that it has received a $241.3 million US Navy contract to deliver additional software for the Zumwalt-class destroyer....

The boss's Internet will get a Cyber Monday workout

Mon, 23 Nov 2009 09:32:13 -0500

Globe Staff You might think that with the widespread availability of high-speed Internet, folks would be more inclined to do their online holiday shopping at home than at the office, but a new study from the National Retail Federation and...

RI slow to spend millions in stimulus funding

Mon, 23 Nov 2009 08:40:21 -0500

Associated Press PROVIDENCE - Governor Don Carcieri's administration has failed for months to spend $20 million meant to insulate poor people's homes against the winter chill and put unemployed people to work during one of the worst economic crises since...

iBasis, KPN agree to $93.3 million deal

Mon, 23 Nov 2009 07:49:47 -0500

Globe Staff iBasis Inc., a Burlington-based wholesale carrier of international long-distance calls, and Royal KPN N.V. said they have agreed to a deal in which KPN will pay $3 per share for the stock in iBasis that KPN doesn't already...

Millipore buys remaining ownership of joint venture

Mon, 23 Nov 2009 06:28:55 -0500

Globe Staff Millipore Corp., a Billerica company that provides technologies, tools, and services for the life science industry, said it has acquired the remaining 60 percent ownership of its joint-venture in India, Millipore India Pvt. Ltd. "India represents a critical...

Today in Globe Business

Mon, 23 Nov 2009 06:13:02 -0500

Convention center looks to expand State and city leaders today will unveil a blueprint for dramatically expanding the Boston Convention & Exhibition Center, part of an effort to make the city one of the nation�s premier meeting destinations and spur...

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Mon, 23 Nov 2009 06:13:02 -0500

Shillman House ground-breaking is set for Monday

Fri, 20 Nov 2009 14:42:35 -0500

(Architect's rendering: DiMella Shaffer Associates) Globe Staff Jewish Community Housing for the Elderly said it is scheduled to break ground Monday on the Morton and Etta Shillman House, a low- and moderate-income housing development in Framingham. Funding for the...

Text a $5 donation to Children's Hospital Boston

Fri, 20 Nov 2009 13:39:36 -0500

Globe Staff Children's Hospital Boston, a provider of pediatric research and care, said it is unveiling its first text-message fund-raising campaign. The public service announcements airing on New England Sports Network look to raise awareness that potential donors also have...

Conn. jobless rate jumps to 8.8 percent in October

Fri, 20 Nov 2009 12:38:08 -0500

Associated Press The Connecticut Labor Department says the state's unemployment rate increased slightly to 8.8 percent, even though employers added 1,000 jobs in October. The gain is statistically small and doesn't erase the 6,600 lost jobs in September. However, Labor...

Antigenics pulls European Oncophage application

Fri, 20 Nov 2009 11:18:38 -0500

Associated Press LEXINGTON - Biotechnology company Antigenics Inc. said today it will not seek approval for a potential kidney cancer treatment after a European advisory committee recommended against approving the drug candidate. The Committee for Medicinal Products for Human Use...

Ben & Jerry's honors athlete with ice cream flavor

Fri, 20 Nov 2009 10:54:35 -0500

Globe Staff Ben & Jerry�s, the Vermont ice cream brand, said it has created its first flavor to honor an athlete. The athlete is Vermont native and snowboarder Hannah Teter, and her flavor is Maple Blondie, which is described as...