Telegram & Gazette Bloomberg Index
Gainer: IPG Photonics Corp. $19.83 +$2.98 (volume of 1.4 million shares)
Decliner: Staples Inc. $22.15 -$0.53 (volume of 12.9 million shares)
BOSTON - Confidence among the state's major employers rose in April, the first monthly gain in six months, according to a business confidence index maintained by Associated Industries of Massachusetts.
The trade organization's Business Confidence Index added 2.7 points to 50.1 in April, or about neutral on the index's 100-point scale. The survey saw a surge in confidence among manufacturers.
Confidence was also up outside of Greater Boston, where manufacturing is most concentrated, said Alan Clayton-Matthews, assistant professor at the University of Massachusetts at Boston and a member of AIM's Board of Economic Advisors.
EMC joint venture
HOPKINTON - EMC Corp., the world's largest maker of data-storage computers, began co-producing storage systems for the Brazilian market with Celestica Inc. to capture demand from Latin America's biggest economy.
EMC also hired Eldorado Research Institute in Campinas, Brazil, to undertake software research and development, according to its statement issued today in Sao Paulo. Celestica, of Toronto, began making the company's CLARiiON data-storage computer there April 1.
EMC is responding to rising demand for its products in Brazil and other major emerging economies by cutting production costs, Vice President Joel Schwartz said at a press conference in Sao Paulo.
"Our products will be able to be sold at much more competitive prices," Schwartz said. "We'll be able to grow much faster." EMC's international sales rose 22 percent last year. It doesn't break out sales by country. (Bloomberg News)
WORCESTER - CNB Financial Corp., the holding company of Commonwealth National Bank, will hold its annual meeting at 10 a.m. May 15 at Mechanics Hall, 321 Main St.
HOPKINTON - Caliper Life Sciences Inc. will make a presentation at 8:50 a.m. today at the Deutsche Bank Health Care Conference in Boston. The live webcast will be available at www.corporate-ir.net. An archived presentation will be available for 90 days.
Rail freight study
BOSTON - The Patrick administration is launching a study to look at ways to expand rail freight transportation in Massachusetts.
The study will include the first state rail plan in nearly two decades based on a review of all rail infrastructure and the relationship between freight and passenger rail on common lines.
Lt. Gov. Timothy P. Murray says the study is key to expanding commuter rail service while ensuring the efficient delivery of goods.
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|Publication:||Telegram & Gazette (Worcester, MA)|
|Date:||May 7, 2008|
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