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 […]
MBTA officials on Monday agreed to advance a $21 million proposal to initiate the extension of the Green Line but opted against approving the full $95 million authorization sought by staff, with the state’s top transportation official saying he was “nervous” about federal funding. MBTA board members said they wanted more information about federal funding […]
Federal Realty’s Assembly Row at Assembly Square One Step Closer to Reality – SOMERVILLE, Mass., Feb. 9, 2011 /PRNewswire/ — Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority (MBTA) board voted to approve a memorandum of agreement (MOA) between Federal Realty and the MBTA — another significant milestone […]
EMD Serono, the Massachusetts biopharmaceutical division Merck KGaA, held an official opening ceremony today for a new $65 million research-and-development facility in Billerica that will initially create about 100 new jobs. Merck, a chemical and pharmaceutical giant headquartered in Germany, will now have four research hubs deployed around the globe, and the Billerica site will […]
By DEALBOOK BJ’s Wholesale Club said on Thursday that it had decided “to explore and evaluate strategic alternatives, including a possible sale of the company.” That only confirms what the market has known for months: that there is an auction going on for the retailer. BJ’s has hired Morgan Stanley to run the sales process. […]
According to Bloomberg, Big Lots Inc. (BIG – Analyst Report), the largest broad-line closeout retailer, is looking for strategic choices which might include the sale of the company. Big Lots, which competes with Target Corporation (TGT – Analyst Report) and Wal-Mart Stores Inc. (WMT – Analyst Report), has hired Goldman Sachs to guide on the […]
The MBTA authorized an expenditure of nearly $22 million in planning and design work for the Green Line Extension Project on Monday. The transit authority’s board of directors agenda called for up to $95 million to be authorized yesterday in the joint design contract with Gilbane and HDR, but scaled back to approve only about […]
