SUFFOLK COUNTY NEWS
Hacker group: BPD will pay for Occupy eviction
The Internet vigilante group Anonymous refuses to give up on its stranglehold of the Boston police website and...
Hackathon to hit Hub
Budding entrepreneurs in the Boston area will go head-to-head early next month with their San Francisco counterparts...
Patriots can't pass up Super soiree
INDIANAPOLIS - There won't be a parade in Boston today, but the New England Patriots did get their party on Sunday...
Fidelity wins whistle-blower appeal
Handing a victory to Fidelity Investments, a U.S. appeals court has ruled that federal law that protects employees at public companies when they blow the whistle on alleged fraud does not apply to mutual fund firms, the Boston Globe reports.The ruling overturns a Boston federal judge's decision involving two former Fidelity employees. The ruling determines that employees of mutual fund companies are not protected under Sarbanes-Oxley, the Globe reports.
UMass puts $158M toward financial aid
The University of Massachusetts is putting $158 million of its own funds toward student financial aid during the current year, the Boston Business Journal reports. The amount represents an increase from the $133 million UMass distributed last year and more than double what it gave five years ago.UMass President Robert L. Caret has proposed that the state pay 50 percent of UMass' general education programs, with student fees providing the other half. The state now pays 45 percent of general...
Boston Herald Super Bowl Game Day Live: Giants vs....
Be a part of the conversation as the sports staff hosts Boston Herald Game Day Live -- a live chat during Sunday's...
Kevin Garnett carries Celtics to 4th straight win
BOSTON -- Boston Celtics coach Doc Rivers could see that Kevin Garnett was looking and feeling spry.Running...
BU plans major building update
Boston University is on the cusp of a decade-long building boom designed to update aging campus facilities and...
Gov. Patrick raps Gingrich in debate over job...
BOSTON - Gov. Deval Patrick took a swipe at Republicans seeking to defeat President Barack Obama and said federal...
New York state of mind at Hub bar
Boston is made for sports fans - as long as you're rooting for the home team. But even New York Giants supporters...
As Web growth fizzles, Globe sale may be best move
The Boston Globe's new subscription website racked up a measly 16,000 subscribers and, as parent New York Times...
Michele Bachmann calls on Globe to retract story
Former GOP presidential hopeful Michele Bachmann is shooting down a Boston Globe report that speculated she'd be...
Report: Merrimack Pharma postpones IPO
Merrimack Pharmaceuticals has postponed its $166 million IPO, originally scheduled for this week, according to IPO tracker Renaissance Capital, due to poor market conditions.The Cambridge, Mass-based company, which is developing potential treatments for cancer, planned to sell 16,666,667 shares of common stock at an estimated initial offering price of between $8 and $10. The company is also granting underwriters the option to purchase up to 2.5 million additional shares for 30 days. The company...

Curious George to return to Harvard Square
Fair warning to the man in the yellow hat: Curious George will be making mischief once again in Harvard Square. A pair of Roslindale entrepreneurs will be reopening the Curious George store in Cambridge in April, the Boston Herald reportsAdam Hirsch will open the new store April 28 with his wife, Jamie, The couple have invested several hundred thousand dollars in the business, including gutting the 160-year-old building where the former Curious George romped before the business closed last summer, the Herald reports.
Cambridge foodie's dream links love of bikes,...
Live to ride, ride to live - but don't forget the food. Seth Diamond of East Cambridge wants to reach out to other...
One Laptop Per Child screening $100 tablet
Cambridge nonprofit One Laptop Per Child unveiled the XO-3.0, a $100 tablet computer for the developing world,...
Lawsuit against Ironwood dropped
A $500 million lawsuit filed against Cambridge biotech Ironwood Pharmaceuticals Inc. and its chief scientific officer has been withdrawn, Mass High Tech reports, citing a filing with the U.S. Securities and Exchange Commission.New York-based Synergy Pharmaceuticals Inc. filed the lawsuit against Ironwood in December, claiming among other things that Ironwood submitted false information when it opposed a European patent granted to Synergy in proceedings before the European Patent Office,...
Cambridge startup incubator Cogo Labs comes out of...
After seven years of quietly developing tech startups in the marketing space, Cambridge's Adverplex has re-named itself Cogo Labs and is looking to tout its achievements for the first time.The Kendall Square incubator's main accomplishments: Incubating CourseAdvisor (which sold to the Washington Post in 2007) and launching two profitable startups, Autotegrity and AdHarmonics, said Cogo talent development director Kevin Fanning."There's sexy, and there's making money," Fanning said. "We build...
Merck invests in Cambridge biotech Daktari...
Daktari Diagnostics Inc., a couple of days after filing with the SEC that it had taken a $5 million tranche of a planned $10 million financing round, has named the investors in the round.Cambridge biotech startup Daktari said in a release that the round was led by Merck & Co. Inc. (NYSE: MRK) venture capital arm Merck Global Health Innovation Fund, which was joined by the company's current investor group, led by Norwich Ventures and the Partners Innovation Fund. Previous backers of Daktari have...
Cambridge biotech raises first venture capital for...
Cambridge, Mass. biotech startup Daktari Diagnostics Inc. has raised $5 million of a planned $10 million financing round made up of equity placement and debt, federal documents show.Daktari is working on a low-cost HIV point-of-care test that can perform critical CD4 white blood cell counts, to be used to monitor the effectiveness of AIDS treatments in developing countries. The company licensed intellectual property around microfluidics and cell detection from Massachusetts General Hospital,...
Acceleron Pharma raises $30M strategic financing
Acceleron Pharma Inc.'s development and commercialization collaboration with New Jersey partner Celgene Corp. (Nasdaq: CELG) continues to pay off in the form of funding for the Cambridge biomedical company.Acceleron took in a $30 million investment from Celgene, and its gang of existing backers, including Advanced Technology Ventures, Alkermes (Nasdaq: ALKM), Avalon Ventures, Bessemer Venture Partners, Flagship Ventures, MPM BioEquities, OrbiMed Advisors, Polaris Venture Partners, QVT Financial,...
Momenta and Baxter ink generic drug deal worth up...
Momenta Pharmaceuticals Inc. (Nasdaq: MNTA), a Cambridge, Mass. developer of novel and generic drugs, has formed a $33 million collaboration deal with Baxter International Inc. (NYSE: BAX) that could balloon to more than $450 million with possible milestone payments included. The agreement centers around the development and commercialization of biosimilars, a form of generic drugs, in the areas of cancer, autoimmune disorders and chronic diseases.Through the deal, Momenta will bring its...
Akamai to acquire Cotendo for $268 million cash
Akamai Technologies Inc. (Nasdaq: AKAM) will acquire Cotendo for $268 million cash, the companies announced this morning, ending a month of speculation that Akamai was in the market to buy the company, considered an upstart competitor.Cambridge, Mass.-based Akamai made its name providing content delivery networks (CDNs), designed to boost web performance for high-bandwidth uses like video and big data. Cotendo provides a similar service for web and mobile uses.Founded in 2008, Cotendo is...
Blood-drawing device TAP-ped for $3.3M grantgoes
People's aversion to having their blood drawn can be pretty strong, but it's a Cambridge company's goal not only...
Genzyme director among six charged in SEC's...
Richard F. Syron, a former head of the Boston Federal Reserve Bank -- and current board member of Cambridge biotechnology firm Genzyme Corp. -- is among six former top executives at Fannie Mae and Freddie Mac who have been charged by the Securities and Exchange Commission with securities fraud related to subprime mortgage lending.The SEC alleges that the six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie...
Former Pepsi CMO to lead Cambridge beauty startup...
Cambridge's Living Proof, a "technology-based" beauty products startup co-founded by MIT inventor Bob Langer, has named marketing maven Jill Beraud as its new CEO.Beraud will become chief executive of the company on Jan. 9, according to a company announcement. She left a position as global chief marketing officer of PepsiCo in June, and had most recently been serving as president of Starbucks/Lipton Joint Ventures.Beraud had previously spent 13 years as CMO at Victoria's Secret, and has also...
Shire, Atlas Venture team to invest in...
Venture capital firm Atlas Venture and Shire Human Genetic Therapies are partnering in an effort to find new investment areas in early stage rare disease therapeutics.Shire HGT is a Lexington, Mass.-based division Shire Plc (Nasdaq: SHPGY), focused on rare diseases. The two companies did not disclose the terms of their partnership agreement in a news release announcing the collaboration this morning, but Shire is expected to work closely with Cambridge, Mass.-based Atlas in creating and funding...
Spat over grandma's care led to triple slay
A beloved Cambridge matriarch and two sons were gunned down during a family dispute over care for the great-grandma,...
Cambridge OKs Novartis' Cambridge complex
The Cambridge Planning Board this week approved Novartis AG's proposed $600 million three-building laboratory and office complex on Massachusetts Avenue, a complex that will include a glass and granite building designed by noted architect Maya Lin, the Boston Globe reports.Novartis has already begun work on the site and expects the three-building complex, which will include some retail shops, to be completed by 2015, the Globe reports. Lin, the Globe notes, is the woman behind the Vietnam...
Momenta acquires Virdante assets
Cambridge-based drug maker Momenta Pharmaceuticals Inc. has bought the sialic switch technology assets of fellow Cambridge biotech Virdante Pharmaceuticals Inc., Mass High Tech reports.The deal calls for a $4.5 million upfront payment by Momenta to Virdante for its intellectual property and cell lines linked to the sialylation of intravenous immunoglobulin, with the potential for additional milestone payments that could reach $51.5 million, MHT reports.
Inman Square seeking to become geek hotspot
Inman Square in Cambridge is becoming something of a techie hotspot, the Business Journal's Kyle Alspach reports in his Startups & Venture Capital blog today.Geek Offices, an incubator in Inman Square, is growing rapidly in terms of square footage and also company count, Kyle reports.Geek Offices is geared toward one-person startups.
The long app of the law
See your neighbor doing something shady? There's an app for that. At the end of this month, Cambridge will...
Avon, watch out: Cambridge skincare startup wants...
Stages of Beauty LLC, a skincare products startup in Cambridge, is seeking to usher in a new generation of social selling - a la Avon and Mary Kay - by combining sales parties with access to online software tools this month.Jasmina Aganovic created the products and brand under the umbrella of Cambridge's Hungry Fish Media LLC, and Stages of Beauty began selling its products online in January.The products focus on anti-aging treatments, and were inspired by skin sample research Aganovic did at...
Google Ventures backs restaurant-tech firm...
Google Ventures has made its second investment into a Cambridge startup in two weeks, taking part in a $1.5 million seed round for Objective Logistics - a startup whose staff-performance-ranking software aims to "gamify" the restaurant workplace and boost sales.The new investment follows a $2.1 million Series A round - which included Google Ventures and was announced Nov. 17 - for Cambridge custom goods marketplace CustomMade.Google Ventures has now backed a total of eight Boston area startups...
Boston, Cambridge lab space getting even harder to...
The already-tight market for laboratory space in Greater Boston is getting even tighter,, Richards Barry Joyce & Partners says in a new report.Overall lab space vacancy for the two quarters that ended Sept. 30 was 13.1 percent, down from 13.1 percent, the real estate shop's researchers found. The market is about 16.4 million square feet.In Cambridge, the biggest single market with 8.3 million square feet, vacancy was 16.2 percent.The suburbs, with a combined 5 million square feet of space,...
MIT plans $700M overhaul in Kendall Square
The Massachusetts Institute of Technology is preparing to spend $700 million to redevelop eight of its properties in Kendall Square, the Boston Globe reports.MIT's plans come as the city of Cambridge itself takes up a broader development review that is also looking at other underutilized spaces throughout Kendall Square, the Globe notes.
Local stock rally led by Infinity, LogMeIn,...
Massachusetts stocks were buoyed along with the wider market on Monday afternoon, as the Dow gained 300 points to erase half of last week's losses, and the NASDAQ was up more than 3 percent.Cambridge, Mass-based Infinity Pharmaceuticals (Nasdaq: INFI) was the biggest gainer, up 14.7 percent, to $7.45 in afternoon trading Monday, up from $6.50 at the previous close. Shares of Woburn, Mass-based remote access software provider LogMeIn Inc (Nasdaq: LOGM) were up 11.7 percent, to $40.98, up from...
Cambridge ranks second in list of smartest U.S....
They're three of America's best-known college towns, and they're also the three leaders in brainpower among the nation's major cities.Ann Arbor, Mich.; Cambridge, Mass.; and Berkeley, Calif., hold the top three places in On Numbers' analysis of educational attainment in 269 communities with more than 100,000 residents:• Seventy-two percent of all adults (25 or older) hold bachelor's degrees in Ann Arbor, the home of the University of Michigan, and 43 percent also have advanced degrees. Both...

  Area businesses fear T shutdowns will throw sales...
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