Polaroid’s former headquarters to be auctioned
Polaroid Corp.’s former headquarters complex along Route 128 in Waltham is scheduled for the auction block, according to the Boston Herald. According to the report, lenders for the developer that had originally planned to transform the 120-acre property into a sprawling office and retail development by next year have taken control of the project and [...]
Fred’s reports strong second quarter results
Fred’s Inc., Memphis, Tenn., reported financial results for the second quarter and six months ended Aug. 1, 2009.
For the second quarter of 2009, Fred’s net income increased to $4.2 million from $1.0 million in the same quarter last year. Included in the results of the second quarter were expenses amounting to $0.9 million relating to [...]
Jo-Ann Stores reports improved second quarter
Jo-Ann Stores Inc., Hudson, Ohio, announced a second-quarter net loss of $3.2 million, compared to a net loss of $11.7 million for the second quarter last year. Net sales for the second quarter increased 4.1 percent to $419.4 million from $403.0 million for the same period last year. Same-store sales increased 1.8 percent compared with [...]
DIMAcast presents a new look at on-demand book machines
In 2006, DIMAcast featured an interview with Thor Sigvaldason of On Demand Books, when the company was installing the first units of its Espresso Book Machine, (EBM,) which automatically prints, binds, and trims, on-demand at point of sale, perfect-bound, library-quality paperback books. In today’s DIMAcast, PMA Senior Editor Jennifer Barr Kruger revisits the topic [...]
Spectrum Brands exits chapter 11
The Associated Press (AP) reports Spectrum Brands Inc., which makes Rayovac batteries and other products, emerged from bankruptcy after meeting all closing conditions of the company’s reorganization plan, according to the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division.
Additionally, the company closed on a new $242 million exit financing facility, which [...]
Research reveals user behavior on Twitter
Social media analytics company Sysomos Inc., Toronto, Ontario, Canada, recent completed an extensive study to document growth on social microblogging site Twitter, and how people are using it. After analyzing information disclosed on 11.5 million Twitters accounts, the company found:
72.5 percent of all Twitter users joined the site during the first five months of 2009
85.3 [...]
Ceiva has 20 finalists in photo contest
Ceiva Logic Inc., Burbank, Calif., announced the 20 finalists in this year’s Summer Fun Photo Contest. To cast your vote, log in to http://www.ceiva.com/contest. The winner receives a Ceiva Digital Photo Frame with a one-year PicturePlan photo delivery service.
Vistaprint named to Fortune 100 Fastest-Growing Companies List
Vistaprint Ltd., Hamilton, Bermuda, has been named to Fortune magazine’s global list of the “100 Fastest-Growing Companies.” The ranking, published in the Aug. 31 issue of Fortune, is based on three years of revenue and profit growth, as well as a total shareholder return. Vistaprint ranked No. 16 overall on this year’s list.
Kodak board elects Joel Seligman, University of Rochester
Eastman Kodak Co., Rochester, N.Y., said Joel Seligman, the president of the University of Rochester, was named to the company’s board of directors, effective July 1, 2009. Seligman, 59, is the 10th president of the University of Rochester.
