When a PR person sues another PR person, does he hire a third PR person to flack for him? Maybe we'll find out.
Jennie White lists three ways Boston can stop losing The Next Big Startups from decamping for California: More parties and risk taking and fewer secrets:
Companies keep tax breaks even as they shed jobs, Globe reports:
Hundreds of the projects delivered fewer jobs than promised, and some companies actually slashed employment. Many firms won subsidies for projects they were set to build without state assistance; in some cases, incentives that were approved long af ter the projects were underway or complete. And many got generous packages though they agreed to create only a handful of low-paying jobs.
Bostinnovation.com chats with HubSpot CEO Brian Halligan about why the company, which helps other companies market themselves online, has no plans of decamping for the Coast. One reason: Massachusetts allows non-compete clauses in contracts, which makes it harder for good workers to leave.
Marjorie Arons-Barron ponders the Massachusetts Competitive Partnership, which consists of 13 businessmen:
... Does Massachusetts really need a tiny self-selected, elitist group of powerful people who want to do things the old way, by excluding other voices and not using the ideas and energies of a whole new generation of people highly invested in the future of Massachusetts and already making a difference? ...
President Obama signed the Credit CARD Act of 2009 into law May 22, 2009, following passage days earlier in the Senate and the House. The requirements are being phased in. The first batch took effect Aug. 20, 2009, and the majority of provisions started Feb. 22, 2010, while some begin in August and December 2010. Now is a good time to look at your statement and see what your credit card company is charging you on your balance.
Congresscritters successfully negotiated the delayed implementation schedule to allow credit card companies to structure their business so that they could continue to make the profits they had made in the past, despite the new regulations.
Recent fatal shootings at Boston convenience stores shows the city needs to help small businesses equip themselves with security cameras, Boston city councilors said today.
City Council President Mike Ross noted that the alleged killer of a Jamaica Plain clerk was captured relatively quickly because of surveillance cameras. In contrast, a Dorchester store at which another clerk was killed had no cameras.
Well, at least when it comes to rail transportation. The T&G reports today that as CSX winds down operations in its Beacon Park yard in Allston, it's planning to shift its operations to the west. And according to Transportation Secretary Jeff Mullan, the new set-up promises to "make Worcester the freight rail hub for all six New England states with east-west and north-south rail connections with access to highways."
The Eagle Tribune had the story last month, but few other people noticed until last week, when Columbo Yogurt started disappearing from supermarket shelves. I noticed it missing from Village Market in Roslindale for the past week, and a Market Basket spokesperson told the Eagle Tribune that the last shipments would have been made on Feb. 12. Columbo was sold to General Mills in 1993 but was still being made in Methuen. It's sad to see this long time Massachusetts brand disappear, and I will have to get used to paying more than $2.39 for a 2 pound tub.
Mass. High Tech alerts us that Terrafugia, a Woburn company that claims it's actually going to sell flying cars, is looking at a $4.5 million offer from Ohio to move to the home of the Wright Brothers. Well, at least we'll still have Aerocopter, which is busy designing a helicar in its R&D facility on, um, Newbury Street.
There seem to be a LOT of sudden retail vacancies this month. Central Square lost Pearl Art and the Attic. Downtown Crossing, which was pretty vacant to begin with, lost a whole block of stores on Winter Street - whatever building Staples (soon CVS) is in.
We've had lots of closings over the past few years as the recession hit, but I don't remember so many places disappearing at once. Any theories? Post-holiday slump?
Cleary Squared makes the argument.
Akamai Technologies, which helps companies speed up their Web sites, yesterday sued Deutsche Bank for the money Akamai says it lost due to a fraudulent investment by a bank subsidiary.
In its lawsuit, filed in US District Court in Boston, Akamai says it asked Deustche Bank Securities in 2007 to find a safe, short-term investment for $217 million in cash. Akamai says the company put the money into "auction rate securities," even though it allegedly knew the market for those was already softening and that they carried substantial risks - to the point that the bank was reducing its own investments in them:
Wade Roush interviews an exec at Brightcove, which makes online video players and servers and which is working with cable companies to embed the TV Everywhere standard, meant to ensure TV can't be seen everywhere:
Pizzeria Uno's Uno Chicago Bar and Grill that Used to Just Sell Pizza's bankruptcy filing shows the West Roxbury-based chain of not-pizza places owes WFXT $64,000 and Katsiroubas Bros. $54,000. The filing, in New York bankruptcy court, also shows the company owes NStar $112,000 and National Grid $95,000.
Although the Chapter 11 filing means the company remains open for business, it is closing outlets in some farflung locations such as Fairhaven and New Hampshire.