Business in brief

Environmental website ranks Boston 6th in US

September 24, 2008
  • Email|
  • Print|
  • Single Page|
  • |
Text size +

Boston is among the top 10 "sustainable" cities in the United States, according to, a website that promotes environmentally friendly living. Boston ranked 6th of 50 cities, behind Portland, Ore.; San Francisco; Seattle; Chicago; and New York. The rankings were based on parks and public transit systems, air and water quality, "green" buildings, farmers markets, and the availability of renewable energy or alternative fuels. (Erin Ailworth)

Longs Drug Stores again backs purchase by CVS
Longs Drug Stores Corp. reiterated its support for a proposed $2.7 billion purchase by Woonsocket, R.I.-based CVS Caremark Corp., saying Walgreen Co. hasn't made any changes to an "unsolicited, nonbinding expression of interest." There's no guarantee that Walgreen's proposal will lead to an agreement, Longs said. Walgreen told Longs it would consider selling its own shops to meet antitrust requirements should it purchase the pharmacy chain for $2.8 billion. (Bloomberg)

DuPont CEO to step down, company names successor
DuPont Co., the third-biggest US chemical company, said Charles O. Holliday Jr. will step down as chief executive and be replaced by executive vice president Ellen J. Kullman. Kullman joined DuPont in 1988 and has been responsible for four of the company's five divisions since June 2006. She will become president and a director on Oct. 1 and CEO on Jan. 1, the first woman to run the company in its 206-year history. During Holliday's 10 1/2 years at the helm, DuPont shares lost 20 percent. (Bloomberg)

Netflix cuts deal with CBS, Disney for TV shows
Netflix Inc., the largest US mail-order movie service, reached agreements with CBS Corp. and Walt Disney Co. to add current episodes of TV series including "CSI" and "Hannah Montana" to its library of shows that can be seen instantly. "CSI" will be available this week; "Hannah Montana" in November. (Bloomberg)

Adobe releases Creative Suite 4 for video, design
Adobe Systems Inc., the largest maker of graphics and Web-design software, unveiled its biggest product release, weaving together its most popular software into a package called Creative Suite 4. The software more tightly integrates Macromedia software for creating Web graphics and video with its collection of design programs. The updated Creative Suite, which accounts for almost two-thirds of revenue, will go on sale next month. The software, including Photoshop, Illustrator, and InDesign programs, lets users add videos to their creations, grab information from the Web, and work with others via online conferences. (Bloomberg)

Label warning toughened for cancer drug Tarceva
OSI Pharmaceuticals and Genentech Inc. have added toxicity warnings to the label of their cancer drug Tarceva after two patients died of liver damage while taking the medication. The companies issued a letter to doctors saying patients with a history of liver problems must be monitored closely while taking the drug. Tarceva, which is approved to treat lung cancer and pancreatic cancer, is made by OSI and sold by Genentech. (AP)

Times Co. adds technology, business news to website
The New York Times Co. will expand small-business and technology news coverage on the website of its flagship newspaper to lure more advertisers as print-ad sales continue to decline. plans to add an economy section with a blog on the global economy, guest posts from economic experts, and more charts and interactive graphics, the company said. The company is trying to drum up online revenue after ad sales slid 9.6 percent this year at the unit including the flagship newspaper, its website, and the International Herald Tribune. Times Co. is the corporate parent of The Boston Globe. (Bloomberg)

Record labels, Net music firms, songwriters agree
Record labels and online music companies reached agreement on how much to pay songwriters and music publishers for certain forms of digital distribution, bringing more predictability to the market. The deal, which doesn't cover permanent music downloads, establishes a rate of 10.5 percent for the so-called mechanical royalty, industry groups including the Digital Media Association and the Recording Industry Association of America said. Before, payment rates had to be negotiated separately with each music company. (Bloomberg)

  • Email
  • Email
  • Print
  • Print
  • Single page
  • Single page
  • Reprints
  • Reprints
  • Share
  • Share
  • Comment
  • Comment
  • Share on DiggShare on Digg
  • Tag with Save this article
  • powered by
Your Name Your e-mail address (for return address purposes) E-mail address of recipients (separate multiple addresses with commas) Name and both e-mail fields are required.
Message (optional)
Disclaimer: does not share this information or keep it permanently, as it is for the sole purpose of sending this one time e-mail.