Boston Business Journal articles from April 2001, page 6

Boston Business Journal archives from April 2001

Percussion Software.(product named recommended by PC Magazine)(Brief Article)
April 6, 2001... Stoneham-based Percussion Software's Rhythmyx Content Manager received the "Editor's Choice" honor from PC Magazine, in recognition of the product's user interface, workflow engine and scalability.

Wainwright Bank & Trust Co.(wins Bank Enterprise Award)(Brief Article)
April 6, 2001... Wainwright Bank & Trust Co. of Boston received a Bank Enterprise Award of $275,000 from the Community Development Financial Institutions Fund of the U.S. Treasury, in recognition of the bank's community development lending efforts. The fund's...

State Street Corp.(tops in foreign exchange ranking by Global Investor)(Brief Article)
April 6, 2001... State Street Corp. of Boston was ranked the best overall foreign-exchange service provider in the annual survey of leading investment managers around the world conducted by Global Investor magazine.

Hawthorn Suites-North Chelmsford.(Hawthorn hotel of the year)(Brief Article)
April 6, 2001... U.S. Franchise Systems Inc. of Atlanta honored Hawthorn Suites-North Chelmsford with the Hawthorn Hotel of the Year Award. The hotel, which offers 60 one-bedroom suites and 45 studio sites, is owned and operated by Princeton Properties...

Rebuild Boston Energy Initiative.(Brief Article)
April 6, 2001... Princeton Properties Management Inc. Rebuild America, a community energy-saving program launched by the U.S. Department of Energy, honored local member organizations Rebuild Boston Energy Initiative and the Boston Housing Authority with...

Morrissey and Co.(Brief Article)
April 6, 2001... Boston-based Morrissey and Co. added Acton-based Equipe Communications Corp. to its list of clients. As agency of record, Morrissey and Co. will provide services, including media and analyst relations and executive-level counsel. Morrissey...

Trinity Communications.(Brief Article)
April 6, 2001... Trinity Communications of Boston was retained by Target Software Inc. of Cambridge to develop a brand strategy, identity and positioning campaign for Target Software's Team Approach fundraising software package for large nonprofit...

Gray & Rice Public Relations Inc.(Brief Article)
April 6, 2001... Gray & Rice Public Relations Inc. of Boston recently added the following to its client roster: Exergen Corp.-Industrial Products Division, Watertown; Instron, Canton; and United Technical Products-A Fidelity Investments Company, Norwood.

Yeremian Associates.(Brief Article)
April 6, 2001... Yeremian Associates of Newbury was assigned. to develop and reposition the Santa Teresa Real Estate Development Corp, a 2,600-acre industrial/warehousing and manufacturing site along the U.S/Mexican border. Initial marketing efforts will...

Sharon Merrill Associates Inc.(Brief Article)
April 6, 2001... Boston-based Sharon Merrill Associates Inc. added Hudson, N.H.-based Presstek Inc., a developer of digital laser imaging, to its client roster.

[0] State Street Corp.(Brief Article)
April 6, 2001... State Street Corp. of Boston declared a quarterly dividend of 19 cents per share, payable April 16, 2001, to stockholders of record as of April 2, 2001.

Milton Hospital.(Brief Article)
April 6, 2001... Milton Hospital's lab was granted accreditation by the American Association of Blood Banks and accreditation with distinction by the Commission on Laboratory Accreditation of the College of American Pathologists, followed two intensive...

Mangosoft Inc.(Brief Article)
April 6, 2001... Mangosoft Inc., a Westborough-based developer of Internet business enabling software and services, formed a strategic alliance with Kacom Inc., a Korean systems integrator and information technology consultant, whereby Kacom will develop and...

Analog Devices.(Brief Article)
April 6, 2001... Analog Devices, a Norwood-based semiconductor manufacturer, and Aware inc., a DSL developer ad provider, collaborated on the release of FastADSL technology, which allows a single telephone line to carry two channels of video, Internet access...

WebMap Technologies.(Brief Article)
April 6, 2001... WebMap Technologies, a Boston-based company that provides content mapping software, entered into a licensing agreement with Atlanta-based Worldspan, an Internet travel booking processor. Under terms of the agreement, WebMap will implement and...

Progressive Technologies Inc.(Brief Article)
April 6, 2001... Tewksbury-based Progressive Technologies Inc. completed installation of an integrated Sentry Air Flow Control system in a European semiconductor manufacturing facility. The system is used stabilize large airflows through process equipment.

ASP Industry Consortium.(Brief Article)
April 6, 2001... Wakefield-based ASP Industry Consortium chose Mondosoft to provide search engine software and services for its web site.

Foxboro Co.(Brief Article)
April 6, 2001... Foxborough-based Foxboro Co. opened a representative office in Baku, Azerbaijan. Foxboro Co. was also selected by Middle Egypt Electrical Co. to install the distribution management system and associated supervisory control and data...

Boston Communications Group Inc.(Brief Article)
April 6, 2001... Woburn-based Boston Communications Group Inc. opened a second data processing site in Waltham for transaction processing for prepaid wireless and mobile communications.

Tenor Networks.(Brief Article)
April 6, 2001... Tenor Networks, an Acton-based provider of communications hardware and software, opened its new European Development Center in Edinburgh, Scotland.

Elcom inc.(Brief Article)
April 6, 2001... Norwood-based elcom inc. entered into an agreenient to partner with Zeraxis Ltd., a London-based systems integration and consulting firm, whereby Zeraxis will become an authorized system sales partner and market, resell, and provide...

DA Consulting Group Inc.(contract with Australian Department of Defense)(Brief Article)
April 6, 2001... DA Consulting Group Inc. of Boston was retained by the Australian Department of Defense to provide training support for the department's PeopleSoft HR and PeopleSoft Payroll implementations. During this 8-month long project, the company will...

ePresence Inc.(agreement with Axis Media Group)(Brief Article)
April 6, 2001... ePresence Inc. of Westborough reached an agreement to receive a 10 percent interest in Australia-based Axis Media Group through the sale of its Australian subsidiary to Axis. The Australian subsidiary contributed approximately 9 percent in...

Endicott College.(Beverly, Massachusetts)(Brief Article)
April 6, 2001... Endicott College of Beverly was granted authority from the Massachusetts Board of Higher Education to award two new degrees: a Master in Business administration and a Bachelor of Science in Information and Computer Technology.

Northeastern University.(marketing alliance with America Online)(Brief Article)
April 6, 2001... Northeastern University of Boston signed a marketing alliance agreement with America Onlin, providing the university with advertising placement across AOL Local, including Digital City, MapQuest.com and Moviefone, and on other American Online...

Lucent to lay off 800 workers at North Andover factory.(Lucent Technologies Inc.)(Brief Article)
April 6, 2001... Murray Hill, N.J.-based Lucent Technologies Inc. said it will let go of up to 800 people at its North Andover factory, or 15 percent of the plant's work force, as part of a larger reduction. The company said it will offer an unspecified...

Akamai will cut 182 jobs.(Akamai Technologies Incorporated)(Brief Article)
April 6, 2001... Cambridge-based Akamai Technologies Inc., which sells a service that accelerates data on the Internet, said first-quarter sales lagged estimates, and the company will let go of 182 employees, a 14 percent work force reduction, because of...

Raytheon to let go of 450 workers at aircraft unit.(Raytheon Company)(Brief Article)
April 6, 2001... Lexington-based Raytheon Co. said it plans to lay off 450 workers at the company's commercial aircraft business in Kansas to reduce expenses while paring debt of about $10 billion. The jobs are administrative and managerial and account for...

FleetBoston eyes budget cuts.(FleetBoston Financial Corporation)(Brief Article)
April 6, 2001... FleetBoston Financial Corp. said it plans to cut costs by as much as $700 million by the end of the year. The company said it does not expect sweeping layoffs; instead, the bank will cut costs by reducing recruiting expenses, incentive...

PRI to cut work force, sees loss in fiscal second quarter.(PRI Automation Incorporated)(Brief Article)
April 6, 2001... Billerica-based PRI Automation Inc., a maker of semiconductor factory automation systems, said it will cut 20 percent of its work force and have a fiscal second-quarter loss as the chip industry reduces spending. PRI will cut 370 of 1,850...

Art Technology sees lower sales, wider losses in 1st qtr.(Art Technology Group Incorporated, first quarter)(Brief Article)
April 6, 2001... Cambridge-based e-commerce software developer Art Technology Group Inc. said that its first-quarter loss widened, and sales were about a third less than expected. The company said the loss widened to 19 cents to 22 cents a share, from a 1...

West Lynn Creamery agrees to plead guilty to tax fraud.(Brief Article)
April 6, 2001... West Lynn Creamery, a Lynn-based dairy, has agreed to plead guilty to a criminal tax conspiracy to defraud the U.S. Internal Revenue Service and pay a $7.2 million fine, the largest criminal tax fine in New England history, according to the...

Firepond to restructure and trim work force by about 20%.(Firepond Incorporated)(Brief Article)
April 6, 2001... Waltham-based Firepond Inc., a software developer, said it will reduce its work force by about 20 percent, to approximately 650 people. Firepond said the reduction comes primarily in response to the global slowdown in tech spending. The...

Bingham Dana acquires NY law firm Richards & O'Neil.(New York)(Brief Article)
April 6, 2001... Boston-based Bingham Dana LLP, a law firm with 425 lawyers, has acquired Richards & O'Neil LLP, a New York law firm with 75 attorneys, for an undisclosed amount. The firms will combine forces in New York, where Bingham Dana already has...

When the medicine works.(state aid to community hospitals)(Brief Article)
April 6, 2001... When Quincy Hospital was on life support in 1999, Beacon Hill legislators took the unusual step of financial intervention in the form of a $12 million loan. That IV of capital so far seems to be doing the trick: Newly named Quincy Medical...

School tax holiday?(sales tax amnesty for school supplies)(Brief Article)
April 6, 2001... One normally doesn't associate Mayor Menino with supply-siders, but he is again offering up an interesting idea that would be a win-win for families and retailers alike. Menino is proposing a statewide sales tax amnesty for items...

The Big Dig's costly political addiction to unions.(labor agreements for government projects)(Brief Article)
April 6, 2001... Look at that mean George W. Bush picking on the unions. Taking away their exclusive on the Big Dig, $14 billion and counting. Bush recently banned project labor agreements (PLAs), deals for unions to forfeit their power to strike in exchange...

Swift will have to reach out in order to succeed.(Jane Swift, Massachusetts governor-to-be)(Brief Article)
April 6, 2001... How many 35-year-olds in Boston are running outfits with 54,000 employees? Starting next week, the answer will be: one. Jane Swift is about to become CEO of the largest employer in New England. Distant second: Verizon, which has 18,000...

Bush's ban on labor agreements will hurt us all.(President George W. Bush)(Brief Article)
April 6, 2001... President Bush may want to punish organized labor for its support of AL Gore in last year's election, but he has no right to do so unlawfully. The president's issuance of an executive order to preclude the use of project labor agreements...