The financial outlook for the city of Lawrence remains dour despite a slate of developments that are expected to revitalize swaths of land and add some 500 full-time jobs over the next few years. A recent report by Moody’s Investors Service indicated that Lawrence’s $3.1 billion tax base will see continued pressure amid high foreclosures, […]
While travel search giants Google, Kayak Software Corp. and ITA Software Corp. battle it out over the future of online travel search, social travel site operator Get out of Cambridge Inc. is just getting started. The company has raised a $560,000 seed round, according to a regulatory document filed Friday. Founded in 2008 by Harvard […]
The ink has barely dried on Borders Group Inc.’s bankruptcy filing this week and already another major bookstore chain is looking to fill its Massachusetts stores slated for closure. Books-A-Million Inc., a Birmingham, Ala.-based retailer with a substantial online presence and more than 200 brick-and-mortar locations in the United States, is preparing proposals to potentially […]
CEO Howard Schultz said yesterday the world’s largest coffee-shop operator intends to compete directly for sales. Photographer: Ariana Lindquist/Bloomberg And you think Starbucks is expensive? Green Mountain Coffee Roasters Inc. has been growing so fast that acquirers looking to scoop up the largest U.S. seller of single-serve brewers would pay the highest valuation in America. […]
The whoopie pie war is on. Pennsylvania residents are planning to hold a rally Saturday to protect their heritage and claim the whoopie pie as their own. The event is being organized by Lancaster resident Nick Martin in response to recent events in Maine, where lawmakers are seeking to designate the whoopie pie as the […]
Rendering provided by Cathartes. Globe Staff Cathartes Private Investments, a Boston-based real estate development and investment company, said it has begun construction on the Residences at Portwalk, a mixed-use project in Portsmouth, N.H. Portwalk’s Residence Inn by Marriott and the Portsmouth Harbor Events and Conference Center opened six months ago, and the new phase starting […]
One man’s dream has grown from Car Phone Store in Wethersfield After hitting high marks expanding south and east, Middletown franchiser Wireless Zone wants to take its brand national, especially as its products gain further recognition. Founded in 1988 as the Car Phone Store in Wethersfield, the franchise has grown by leaps and bounds […]
Aveo Pharmaceuticals Inc. of Cambridge announced a partnership that could be worth more than $1.3 billion with Astellas Pharma on Aveo’s lead drug candidate, the cancer treatment tivozanib. Japanese drugmaker Astellas agreed to pay Aveo $125 million up front. Aveo could receive $575 million if tivozanib reaches clinical development and regulatory milestones, while sales milestone […]
The Consumer Price Index for the Boston-Brockton-Nashua area increased 1.1 percent over the 12-month period that ended in January, the US Bureau of Labor Statistics reported today. The increase, the bureau said, was largely due to an increase in energy costs. For the 12-month period, gas prices rose 14.3 percent, the bureau said. The index […]
Second Wind, a Somerville company that develops wind measurement systems for such businesses as wind farms, said its presence in the Australian and New Zealand wind energy markets more than doubled in 2010. Developers in those countries bought more of the company’s Triton Sonic Wind Profilers and used the company’s SkyServe satellite wind data service […]
