LISBON — Sara Vale Lima, sales manager at Eical, a Portuguese textile company, feels suffocated by the euro. The common currency once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness. Multimedia […]
SmartCells Inc., a Beverly diabetes drug developer, is to be acquired by Merck & Co. Inc. for a total of about $500 million, according to a news release today. The transaction will bring SmartCells’ outstanding stock to Merck, while SmartCell shareholders will be given an upfront cash payment, plus potential development and regulatory milestone payments. […]
Boston University trustee Bahaa Hariri has pledged $15 million to build an institute that will focus on research and initiatives that use computation for interdisciplinary applications, according to a report in BU Today. Faculty at the Bahaa Hariri Institute for Computational Science and Engineering will focus on applying computation to four main application-based clusters, including […]
BOSTON – Sanofi Pasteur has entered into a long-term lease extension with Thirty-Eight Sidney Street Limited Partnership, a partnership between Forest City Enterprises and M.I.T., for 53,401 square feet at 38 Sidney Street, located in University Park at MIT in Cambridge, Mass. Sanofi Pasteur will continue to occupy the top two floors of the five-story, 122,000-square-foot […]
QUESTIONS 1. Professionally, where were you ten years ago and where are you now? Now I am even more informed about dealing with town centers and the public sector. Times are far more complicated, and we have much more experience. We have greater understanding of the needs and demands of retailers, customers, landlords and developers. […]
CAMBRIDGE, MA—A prominent 65,000-sf office/retail building has changed hands for $18.9 million. Owned for the past decade by Paradigm Properties, 1030 Massachusetts Ave. is located on the edge of Harvard Square in the city’s tight mid-Cambridge district. Calls to Paradigm principals were not returned by press deadline, while efforts to contact the buyers were also […]
Solar technology developer 1366 Technologies Inc. plans to build its first commercial manufacturing plant in Massachusetts and expects to break ground by next fall, the company’s CEO, Frank van Mierlo, said. The Lexington-based company, founded in 2007, says it has rapidly developed a revolutionary new process for producing crystalline silicon wafers. The wafers, used to […]
NEW YORK – Americans’ confidence in the economy rose to a five-month high in November, showing increased optimism for the first half of next year. The report offered some comfort to the nation’s retailers during the holiday shopping season, but shoppers still remain downbeat as they grapple with a high unemployment rate. Moreover, the latest […]
Video Gallery Raytheon unveils updated exoskeleton robotics suit UMass President Jack Wilson on Entrepreneurship Heartland Robotics Inc., the company founded by MIT robotics expert and iRobot corp. co-founder Rodney Brooks, has landed $20 million in its latest round of funding. Backers in the Series B round include new investors Sigma Partners and […]
We are not going to shop our way out of this mess. It’s a cheerless truth about the post-Thanksgiving start of the Christmas season, traditionally the bell lap in America’s year-long steeplechase of buying. There has been a rebound in consumption since the grimmest days of the Great Recession, but that has not been joined […]
