BUSINESS
May 18, 2012 | Mark Arsenault and Todd Wallack, Globe Staff
In the final months of two mostly unmemorable terms in office, Rhode Island Governor Donald Carcieri boasted about his little state's big splash - stealing former Red Sox pitcher Curt Schilling and his nascent video game company from Massachusetts. "This is a risk worth taking," said Carcieri, a Republican, announcing the 2010 deal that lured Schilling's company, 38 Studios, to Providence, and put Rhode Island taxpayers on the hook for up to $75 million in guaranteed loans to an athlete who liked video games but had never developed one. "I think the governor...
NEWS
January 14, 2012 | By Beth Healy
Mitt Romney has long called himself a venture capitalist, experience he says helps him understand the economy better than other candidates for president. But he spent much more of his career in leveraged buyouts than in the investments in start-up companies known as venture capital. Romney's one true venture deal was Staples Inc., the office supply superstore, two years after he started Bain Capital. He wasn't the first to discover Staples; another Boston venture firm introduced him to Staples founder Tom Stemberg.
NEWS
May 16, 2012 | Carolyn Y. Johnson and Deborah Kotz
Raising levels of "good" cholesterol may not be so good for you after all. A study published Wednesday by Boston-area scientists challenges the long-held idea that HDL cholesterol actively protects against heart disease, finding that people with genes that boosted their HDL did not have a lowered risk of heart attacks. In the study in the medical journal The Lancet, a team led by researchers from Massachusetts General Hospital and the Broad Institute examined the health of more than 100,000 people, some of them with genetic variations that elevated their...
NEWS
May 11, 2012 | Brian McGrory
I assumed I had seen it all with Liberty Mutual. Once you learn about the chief executive's $50 million-a-year compensation package, the fleet of corporate jets, the $90,000 flights to Hawaii, the tens of millions of dollars for senior managers, the board of directors that doesn't feel the need to utter one public word of explanation, what more can there be? But as we've seen, there's always more, a fact that was never more apparent than when I was flipping through a mound of permit applications, building records, and engineering drawings on file in...
BUSINESS
May 13, 2012 | D.C. Denison
In late 2009, Dassault Systèmes, France's largest software company, launched a search for a location to establish a headquarters for its rapidly expanding operations in North and South America. It already had operations in Los Angeles, Charlotte, N.C., and Auburn Hills, Mich. But ultimately, the global technology firm decided there was only one place to be: Route 128. Dassault creates software that helps companies conceive, design, make, and improve products, and Route 128 has become the world's undisputed epicenter of this fast-growing technology, known as Product Lifecycle...
BUSINESS
May 16, 2012 | AP Business Writers
Medical device maker Medtronic Inc. said Wednesday that federal prosecutors have closed their investigation of the company's InFuse bone graft. The world's largest medical device company was being investigated by the U.S. Department of Justice and the U.S. Attorney for the District of Massachusetts. The government first subpoenaed documents from Minneapolis-based Medtronic in October 2008. InFuse contains a genetically engineered protein that can stimulate bone growth. In June, a medical journal alleged that Medtronic downplayed the risks of InFuse and did not disclose...