Boston Business Journal articles from November 2001

Boston Business Journal archives from November 2001

IBM blues.(competition with EMC Corp.)
November 2, 2001... Takeover may be remote, but EMC battles market-share and propaganda war with Big Blue When IBM Corp. decided to try to take back some of the data-storage. Market from EMC Corp., IBM named its high-end system Shark Each time IBM sold a...

Despite economy, major hotel plans to push forward.
November 2, 2001... Despite a financing climate that has only stiffened since Sept. 11, the director of Boston's planning and economic development agency says some 12 pipeline hotel projects are proceeding as planned. In addition to five hotels under...

'Celtic Tiger' feels impact from area tech downturn.(Massachusetts based companies with Irish operations)
November 2, 2001... When Hopkinton-based EMC Corp. announced on Oct. 17 that it would lay off approximately 4,000 employees, the reverberations were felt beyond Massachusetts, as one would expect with a global company of 23,000 employees and 200 offices. But,...

Beaten-down $1 tech stocks seen as value investments.(Brief Article)(Industry Overview)
November 2, 2001... They aren't the sparks likely to ignite a major comeback in Internet stocks, but a group of 'net-related companies have seen their badly beaten stocks on the move upward in recent weeks. Shares in Bay State companies such as Be Free Inc.,...

Real estate untangler.(Marianne Ajemian)
November 2, 2001... Nutter McClennen's Ajemian, head of NEWIRE, tackles complicated deals After graduating from Boston University Law School in 1987, Marianne Ajemian was reluctant to jump right into the grind of gaining experience at an established law firm....

Area energy suppliers face renewable-source regs.(Massachusetts )(Brief Article)
November 2, 2001... With proposed renewable energy regulations on the table after months of delays, critics question whether the penalties are steep enough to encourage electricity suppliers to buy green energy. Under the proposed rules drafted by the...

Genuity to fire 990.(Brief Article)(Company Profile)(Statistical Data Included)
November 2, 2001... WOBURN--Genuity Inc., a purveyor of Internet services to business clients, announced it will cut its work force by 22 percent, or 990 jobs, as it reins in expenses to stem widening third-quarter losses. The company currently has about 4,500...

Programs reinstated.(WHDH-TV)(Brief Article)
November 2, 2001... WHDH-TV, Ch. 7, has reinstated four additional public-affairs television programs originally slated for elimination, general manager Mike Carson told the Boston Business Journal on Thursday. Targeted to minority communities, the shows Asian...

Correction.(Brief Article)(Correction Notice)
November 2, 2001... The property at 128 Technology Drive in Waltham, the old headquarters of PTC, has 216,000 square feet of space available. The Real Estate Roundup column in the Oct. 19 Boston Business Journal printed the incorrect property. PTC is not...

Bullet train sees ridership uptick, but PR derailment.(Acela Express)(Brief Article)
November 2, 2001... One day after the Acela Express debuted last December, technical glitches forced the nation's first high-speed train out of service. By all accounts, the bullet train had nowhere to go but up. And that's where the service has generally...

Bottom line: Community banks outpace big rivals.(Brief Article)
November 2, 2001... This earning season has been a nightmare on Wall Street, yet for community banks, the third quarter has been a sweet dream. In fact, many Massachusetts' publicly traded community banks not only made money, some even set quarterly records,...

Bean there, done that: Vitasoy's heart no longer in San Francisco.(Vitasoy USA Inc. moving headquarters to Ayer, Massachusetts)(Brief Article)
November 2, 2001... AYER--In a move sure to delight many local health-food buffs, one of the country's largest makers of tofu and soy products is moving to Massachusetts. Vitasoy USA Inc., a wholly owned subsidiary of Hong Kong-based Vitasoy International...

Some local companies bring PR functions in-house.(public relations)(Brief Article)
November 2, 2001... Shrinking budgets and changing needs cited as reasons behind moves As marketing budgets contract with the economy some companies are taking public relations in-house, and many that retain agencies are finding the clout to force fee cuts....

Logan parking squeeze could reach crisis level.(Logan International Airport)(Brief Article)
November 2, 2001... $150M lot-building plan dodges funding ax in expectation of air revival More than 3,000 parking spaces at Logan International Airport have been roped off since Sept. 11, squeezing an already tight parking crunch that could get even tighter...

Genome Therapeutics evolves into biopharma.(Genome Therapeutics Corp. plans to produce biopharmaceuticals)(Brief Article)
November 2, 2001... Former biotechnology services company adds products to its 'toolbox' WALTHAM--It may be the oldest biotechnology company in the state, but that doesn't mean. Genome Therapeutics Corp. can't take on a new business strategy. The company...

Telica connects with Verizon.(Telica sells switching equipment to Verizon Communications Inc.)(Brief Article)
November 2, 2001... Little-known telecommunications equipment maker Telica Inc. gained notoriety recently when it announced that Verizon Communications Inc. had bought and installed its switching technology. In addition to landing a big-name customer, the...

Just in case: Interest grows for backup office space.(Brief Article)
November 2, 2001... It's nothing new for operations like the Boston Stock Exchange to have alternative space set up and ready to go in the event that calamity strikes. But in the aftermath of Sept. 11 and the ongoing anthrax crisis, even accounting and law...

Art Technology faces shareholder suit.(Art Technology Group Inc.)(Brief Article)
November 2, 2001... CAMBRIDGE--Recent class-action suits filed against Art Technology Group Inc. accuse two company officials of inflating the stock price by making false and misleading statements, then cashing in on higher stock prices. Two suits were filed...

Report: City can bank on linked-deposit program.(Boston gives its banking business to banks that meet certain criteria of community service)(Brief Article)
November 2, 2001... The Menino administration has released a long-awaited report assessing 11 Boston area banks' service in the city's neighborhoods. The report, due in April but not made public until the end of October, when it was quietly posted on the...

Berkshire closes $1.7B buyout fund.(Berkshire Partners L.L.C.)(Abstract)(Brief Article)
November 2, 2001... Berkshire Partners LLC said it has completed the second and final closing on its $1.7 billion buyout fund, the firm's sixth. As some venture firms are struggling to raise money, Boston-based Berkshire actually added on $200 million to the...

Lau Technologies sees face of the future in biometrics.(including facial recognition technology)(Brief Article)
November 2, 2001... LITTLETON--In jettisoning its defense-systems unit for $41 million last week, Lau Technologies of Littleton will focus solely on its biometrics business. The company is further developing its facial-recognition technology, as well as technology...

Avaki nabs $l0M in funding bonus.(Avaki Corp. gets additional $10 million from investors)(Brief Article)
November 2, 2001... CAMBRIDGE--Investors have added $10 million to Avaki Corp.'s first funding round. The Cambridge-based startup raised $6 million in June, and then left the round open for additional investment, with Polaris Venture Partners of Waltham...

Corechange boasts bigger deals as it nears profitability.(Brief Article)(Company Profile)
November 2, 2001... Corechange Inc., a venture capital-funded Boston software company, saw the size of its average customer deal more than double in the past year, with three recent deals hitting the multimillion-dollar range. Such deals will help the company...

Global Crossing gives confidence vote to Adlex.(Adlex Inc. software allows Global Crossing Ltd. to track system problems)(Brief Article)
November 2, 2001... When customers of Global Crossing Ltd., the Hamilton, Bermuda-based telecommunications company, recently had trouble using the company's web site through a data center in Green Bay, Wis., the company's trouble shooters did not spend hours going...

Mascot pulls plug on operations.(web portal Mascot Network Inc. shuts down)(Brief Article)
November 2, 2001... CAMBRIDGE--Campus web-portal company Mascot Network Inc. closed its doors last month, leaving university customers scrambling for hew student entryways to the Internet. Founded in 1998, the Cambridge-based Mascot peddled tailored intranets...

Paradigm lobbies tenants to volunteer at the office.(Paradigm Properties LLC)(Brief Article)
November 2, 2001... They've collected piles of backpacks for underprivileged kids, rounded up more than 100 used cell phones for domestic violence victims and matched up dozens of volunteers with local charities. It's not the work of the United Way, but rather...

UMass looks to Andersen to revive school, hospital.(University of Massachusetts Medical School)(Brief Article)
November 2, 2001... Scores of layoffs and million-dollar losses greet new surgery head The University of Massachusetts Medical School and UMass Memorial Health Care are looking to Dr. Dana Andersen to become a bright spot in its otherwise dim plight. ...

Drastic plastic.(SelecTech Inc.'s recycled plastic process)
November 2, 2001... Recyder transforms uncleaned plastic waste into durable finished products TATJNTON-Sitting atop a $3 million business made from a veritable mountain of scrap plastic--4 million pounds annually, to be exact--Tom Ricciardelli is not your...

SBA lenders blame high fees for drop in loans.(Small Business Administration)(Brief Article)(Statistical Data Included)
November 2, 2001... The dollar volume of loans issued through the U.S. Small Business Administration's flagship 7(a) loan program fell 6 percent in fiscal 2001, but SBA lenders do not blame the weakening economy for the decline. Instead, they say, high fees...

Small businesses: Give managers fair opportunity to succeed.(Brief Article)
November 2, 2001... It is my experience that, often, small-business owners will give significant responsibility to their managers, but not the authority or backing to get the job done. Therefore, how can they properly judge their management personnel, especially...

Area's Largest Mergers & Acquisitions.
November 2, 2001... Area's Largest Mergers & Acquistions (ranked by dollar value of deals in 2001 in which the target company or acquirer is Mass.-based) Rank Acquirer Target company/division [*] 1 Vivendi Universal...

An arduous trip into the tepid venture capital waters.(SilverBack Technologies Inc.)(Brief Article)(Statistical Data Included)
November 2, 2001... Dan Phillips knows about it. As chief executive of SilverBack Technologies Inc., he knows exactly how painful it is trying to raise money for a tech startup at a time when venture investors exhibit more cautious tendencies than even they ever...

ON Technology secures $5 million in funds.(applications software company)(Brief Article)(Statistical Data Included)
November 2, 2001... Waltham's ON Technology Corp. has completed a $5 million private placement with Special Situation Funds of New York. ON Technology, which develops technology used to manage corporate IT networks, sold about 6 million shares at 83 cents each....

BladeLogic closes first round of funding.(technology monitors computer networks)(Brief Article)(Statistical Data Included)
November 2, 2001... BladeLogic Inc. has closed its first round of funding. The Lexington company, which makes technology to monitor computer and server networks, raised $6 million from Battery Ventures of Wellesley and San Mateo, CaIif., and Bessemer Venture...

Bill Seibel has 'got it' now at Demantra Inc.(Brief Article)
November 2, 2001... Here's the latest bit of evidence proving that whatever glamor the Internet sector might have had is long gone: Bill Seibel, who'd been CEO at recently departed Zefer Corp., is now running things at Demantra Inc. in Cambridge. Zefer made a...

Boston Globe gets more serious about recruiting sector.(recruitment services division established)(Brief Article)
November 2, 2001... The Boston Globe is moving further into the job recruitment market. The move comes at a time when the newspaper's volume of help-wanted advertising inches is down 43 percent from last year. Last week, the newspaper announced the creation of...

Weekday up, Sunday down.(Audit Bureau of Circulations report)(Brief Article)(Statistical Data Included)
November 2, 2001... Preliminary figures from the Audit Bureau of Circulations indicate that both Boston dailies saw increases in their weekday paid circulation figures and declines in their Sunday subscriptions for the six months that ended Sept. 30. ...

Lights! Camera! Action! And commercial real estate!(Spaulding and Slye Real Estate Services L.P. employees' interviewed about area business on TV)(Brief Article)
November 2, 2001... Spaulding & Slye Colliers, in addition to its brokerage, investment sales and development groups, might think about launching a broadcast division. In the past few weeks, two of the Boston-based firm's brokers have mugged for WCVB-TV's...

CRESA expands.(CRESA Partners LLC)(Brief Article)
November 2, 2001... CRESA Partners LLC, an organization of corporate real estate firms specializing in tenant representation, has added six new offices in North America. Founded in Boston in 1998, GRESA Partners has added offices in Cincinnati, Memphis, Phoenix,...

Forest City honored.(Forest City Enterprises receives award from National Association of Industrial and Office Properties)(Brief Article)
November 2, 2001... Forest City Enterprises will be honored with the distinguished real estate award this year by NAIOP, the National Association of Industrial and Office Properties. Forest City, a Cleveland-based real estate firm, was chosen in recognition...

Energy award.(Hines Interests LP)(Brief Article)
November 2, 2001... At the SIOR national convention, which was held here last week, Houston-based Hines Interests LP, as owner of 500 Boylston St., was honored as the 2001 EPA Energy Star partner The 707,000-square-foot Class A Back Bay office tower was...

Weinzapfel honored.(Jane Weinzapfel of Leers Weinzapfel Associates)(Brief Article)
November 2, 2001... Jane Weinzapfel of Leers Weinzapfel Associates, a Boston-based design firm, was honored for her work on the University of Pennsylvania's Modular VII Chiller Plant. Weinzapfel was one of 11 winners in the 2001 Business Week/Architectural Record...

Best-of-show builder.(Associated General Contractors of Massachusetts Inc. awards)(Brief Article)
November 2, 2001... And finally, the Associated General Contractors of Massachusetts Inc. held its Build Massachusetts Awards program last week, including the grand honor award for best of show in all submission categories to Barr & Barr Builders of Framingham...

Relentless plugs strike out with World Series watchers.(Gillette Co.)(Brief Article)
November 2, 2001... World Series viewers on Tuesday. night witnessed a triple play--and Boston-based Gillette Co. was the pivot man. Early in the game, which the Yankees eventually won behind former Red Sox hurler Roger Clemens, Fox Sports cameras roamed the...

So, does he have a posse?(new Harvard University president Lawrence H. Summers satiricized by students)(Brief Article)
November 2, 2001... All the ivy in Cambridge just can't dull that legendarily sharp Harvard University sense of humah. This time, students are pointing the blade toward their new president, Lawrence H. Summers, the former Treasury Secretary and controversial...

A high-voltage opening.(Fuse Inc. party to celebrate new premises)(Brief Article)
November 2, 2001... The party-hearty crew at Fuse Inc. searched far and wide for top-notch talent to help celebrate their office opening last Friday night. The Newburyport-based marketing shop brought in the Boston-based band Four Piece Suit and two young...

Analogies run amok.(Brief Article)
November 2, 2001... It was an analogous onslaught of hyperbolic proportions. A recent press release from executive-recruitment firm Wyatt & Jaffe, which described the search for a new CEO--"as formidable as the search for the Lost Ark of the Covenant"--was a...

Financial industry economists favor payroll taxcut.(Abstract)(Brief Article)
November 2, 2001... A panel of financial industry economists gave poor reviews to the economic stimulus package passed by the House. "It actually doesn't have much stimulus to it," says Richard Berner, senior U.S. economist for Morgan Stanley. Berner and...

Bond asks OMB to make sure women get 5% of contracts.(Senator Kit Bond, Office of Management and Budget)(Brief Article)
November 2, 2001... The ranking Republican on the Senate Small Business and Entrepreneurship Committee asked Office of Management and Budget Director Mitch Daniels for a "firm commitment" that federal agencies will award at least 5 percent of their contracts to...

More Californians join Barreto's team at SBA.(Hector Barreto appoints Fred Armendariz, Toni C. Casey to Small Business Administration)(Brief Article)
November 2, 2001... SBA Administrator Hector Barreto selected Southern California entrepreneur Fred Armendariz to head the U.S. Small Business Administration's Office of Government Contracting and Business Development. After selling his office-equipment...

Legal issues surround programming bioinformatics.(Brief Article)
November 2, 2001... Computers are supposed to help biotechnology, right? Isn't bioinformatics all the rage right now? Well, it is, but with popularity comes legal questions that many companies don't address until it's too late. Boston's Mintz Levin Cohn...

Foot-and-mouth product takes on deadly virus.(Inactine from V.I. Technologies Inc.)(Brief Article)
November 2, 2001... Watertown-based V.I. Technologies Inc. announced last week that its product, Inactine, can inactivate the virus that causes foot-and-mouth disease. The pathogen is highly resistant, and has already cost Europeans dearly, with regard to...

Matritech deal.(Matritech Inc., U.S. Summit Corp.)(Brief Article)
November 2, 2001... Newton-based Matritech Inc. inked what it calls a significant deal last week with a distributor that will sell its protein-based bladder-cancer test to hospitals and laboratories, in China, once it is approved for market there. The distributor,...

Learning the ABCs of today's price-earnings ratio.(Brief Article)(Column)
November 2, 2001... EDWARD "NED" RILEY The bears always have a plethora of numbers to discourage the rest of us from investing, and their data-du-jour is the price-earnings ratio. With the S&P 500 sporting a p/e of 24--well above the 75-year average of...

CORPORATE ALBUM.(Parlex Corp.)(Brief Article)(Company Profile)(Statistical Data Included)
November 2, 2001... Parlex Corp. THE BUSINESS The company provides flexible interconnect services to the automotive, telecommunications and networking diversified electronics, aerospace, home appliance and computer markets as well as radio frequency...

MARKET SCORECARD.(Illustration)(Statistical Data Included)
November 2, 2001... MARKET SCORECARD WEEKLY DIARY Advances 160 Declines 134 Unchanged 28 New Highs 13 New Lows 8 MOST ACTIVE STOCKS Volume EMC Corp. 131611...

Under the microscope.(biotechnology outpacing laws needed to regulate it)(Brief Article)
November 2, 2001... Legal ramifications too often play catch-up to quantum leaps in scientific discoveries The age-old "chicken-and-egg" question is easily answered when it comes to science and law: Science came first, and it is outpacing the law in leaps and...

Situation critical: The state's dearth of practicing doctors.(low reimbursement, high cost of living deter doctors from working in Massachusetts)(Brief Article)
November 2, 2001... Massachusetts' high cost of housing and low reimbursement rates for physicians are causing an exodus of doctors, which is already affecting patient care in many parts of the state, say medical experts. "As I go around the state I invariably...

Role reversal: Male ob/gyns weigh professional options.(many women prefer female gynecologists)(Brief Article)(Statistical Data Included)
November 2, 2001... Many male doctors opt for specialization in female-dominated field Like many areas of medicine, patients are taking more control over the direction of their health care. One area where this is seen is in patients' requests for female...

'Insane' growth in inquiries about surgeries for obesity.(bariatric surgery)(Brief Article)(Statistical Data Included)
November 2, 2001... Blame it on Americans eating more refined foods or their inability to get off the couch. Whatever the reason, obesity has become an undeniable problem in the United States. As a result, the market for bariatric surgery, which restrict the...

Personal responsibility is the only cure for health care crisis.(Brief Article)
November 2, 2001... There are forces in play to indicate a cost-driven health care crisis in the United States is inevitable. How we solve it will determine the health care quality and choices we have in the future. Consider the following: * Pharmacy...

Just how safe is the health care system in the United States?(Brief Article)
November 2, 2001... More than a year ago, the Institute of Medicine (IOM) released the first in a series of reports on patient safety titled, "To Err Is Human: Building a Safer Health System." For the first time, the public was put face-to-face with some...

PERSONNEL FILE.
November 2, 2001... ADVERTISING/COMMMUNICATIONS CPS Direct of Boston appointed Matthew Boyd manager of business development. David Kessler joined Hill, Holliday of Boston as managing director of the firm's New York office. Fitch, a Boston-based brand...

Cronin/Wallwork Curry.(restaurant ad contract)(Brief Article)
November 2, 2001... Cronin/Wallwork Curry, the Boston office of Conn.-based Cronin and Co. Inc., was selected as ad agency of record for Bertucci's, a Boston-based chain of 75 Italian restaurants. The account is said to be worth approximately $4 million.

New Tilt.(Brief Article)
November 2, 2001... New Tilt, a Somerville-based design firm, signed on as sponsor of Springboard: New England Venture Forum 2001, an event taking place Nov. 9 at Harvard Business School in Boston. The event is dedicated to increasing women's participation in the...

Barrett Communications.(Solectria Corp contract)(Brief Article)
November 2, 2001... Barrett Communications of Cambridge completed Logo revisions for Solectria Corp., a provider of alternate fuel vehicle technology, with offices in Wilmington.

Meddaugh Advertising Inc.(industrial video contract)(Brief Article)
November 2, 2001... Meddaugh Advertising Inc. of Hanover produced a 10-minute industrial video for Kingston-based Colonial Saw about their new $100,000+ P20-CNC Profile Grinder.

Trinity Communications Inc.(public relations contract)(Brief Article)
November 2, 2001... Boston-based Trinity Communications Inc. was retained by Intelligent Compression Technologies (ICT) of Quincy to conduct public relations outreach and marketing support associated with the commercial launch of ICTs newest data acceleration...

LoJack Corp.(advertising account contract)(Brief Article)
November 2, 2001... Lojack Corp. of Westwood named the following contenders. for its multimillion dollar advertising account: Bates, Grey, Lowe Lintas - &Partners and Margeotes. Fertitta & Partners, both of N.Y.; Hill, Holliday of Boston; and Mullen of Wenham. The...

Wilson Group Architects Inc.(project management contract)(Brief Article)
November 2, 2001... Wilson Group Architects Inc. of Norwell was hired by MetLife of Boston and Harbor Medical Associates of Weymouth to provide design and project management services on the following projects: a 50,000-square-foot office relocation for MetLife;...

SMMA/Symmes Maini & McKee Associates.(redevelopment contract)(Brief Article)
November 2, 2001... SMMA/Symmes Maini & McKee - Associates of Cambridge was selected by H.P. Hood Co. to develop design alternatives for the company's Wharf Street property, which is being redeveloped following a fire that destroyed a Hood ice cream plant in 1999....

Consigli Construction Co. Inc.(high school renovation contract)(Brief Article)
November 2, 2001... Consigli Construction Co. Inc. of Milford received a contract from the Ashburnham/Westminster Regional School District related to the $25 million renovation and expansion of the Oakmont Regional High School. Consigli will manage the...

HMFH Architects Inc.(high school design contract)(Brief Article)
November 2, 2001... Cambridge-based HMFH Architects Inc. was hired to design two new high school campuses: New Jewish High School of Greater Boston, located on a 20-acre hilltop site in Waltham; and Media and Technology Charter High School (MATCH), a...

D&D Enterprises Inc.(baseball field contract)(Brief Article)
November 2, 2001... Quincy-based D&D Enterprises Inc. was selected by the development team for Quarry Hills, a proposed 450-acre recreational facility located at the former quarry site in Quincy, to build four little league baseball fields and four youth soccer...

Peabody Construction Co.(merges with Beaver Builders Ltd.)(Brief Article)
November 2, 2001... Two area construction firms merged operations: Peabody Construction Co., a Braintree-based firm founded in 1891, acquired Beaver Builders LLC, a 52-year-old Newton-based firm with over 30 major office buildings in its portfolio. Under the...

BigBad.
November 2, 2001... Boston-based BigBad received six AXIEM awards, in a national competition recognizing excellence in the electronic media industry. The firm was acknowledged for work it performed on behalf of clients Samuel Adams Beer, Harvard Business School,...

Historic Neighborhoods.(honors institutions and individuals with awards)(Brief Article)
November 2, 2001... Historic Neighborhoods, a Boston-based nonprofit heritage education organization, honored the following institutions and individuals for their contributions "to the city's healthy growth" at a recent awards ceremony: Channel 5 and president...

SMMA/Symmes Maini & McKee Associates.(receives 'Excellence in Architecture" award)(Brief Article)
November 2, 2001... SMMA/Symmes Maini & McKee Associates of Cambridge received a Merit Award for "Excellence in Architecture" from the New England Regional Council of the American Institute of Architects, in recognition of renovations and additions that the firm...

Anne Saita.(receives award from Society of Professional Journalists)(Brief Article)
November 2, 2001... Anne Saita, a senior writer at Information Security magazine of Norwood, received the 2000 National Mark of Excellence Award from the Society of Professional Journalists. Saita was named the New England regional winner, and also received the...

Sasaki Associates Inc.(named by Corporate Interiors as top interior design firm)(Brief Article)
November 2, 2001... Watertown-based Sasaki Associates Inc. was selected by Corporate Interiors, an annual publication, as one of the top interior design firms in the U.S., due in part to the firm's visual work and problem-solving capabilities.

Massachusetts Interactive Media Council.(awards presented)(Brief Article)
November 2, 2001... Massachusetts Interactive Media Council recently handed out its 2001 MIMC Awards, honoring members of the local interactive media industry. Earning "Best of Show" and "Best Concept" honors was RDVO Inc. of Somerville, in recognition of the...

Salem Five Cents Savings Bank.(donates to local YMCAs)(Brief Article)
November 2, 2001... Salem Five Cents Savings Bank presented local youth organizations with donations totaling $15,000--the result of the bank's charity golf tournament held in June. Recipients were the YMCA of Lynn, YMCA of Peabody, YMCA of Danvers, YMCA of...

Sun Life Financial.(endorsement contract with Doug Flutie)(Brief Article)
November 2, 2001... Sun Life Financial of Wellesley Hills signed NFL quarterback Doug Flutie to an exclusive endorsement contract through 2002, involving a print advertising campaign and promotional appearances for the company in the U.S.

Ashworth Mortgage Corp.(financing for River Ridge Office Park)(Brief Article)
November 2, 2001... Ashworth Mortgage Corp. of Newton placed $25.5 million in financing for River Ridge Office Park, a four-building park located on a 20-acre site in Norwood. The non-recourse loan, which-was placed with a life insurance company lender, is for a...