Manufacturing in Mass. redux
Secretary of Housing and Economic Development Greg Bialecki will join Lt. Gov. Tim Murray to address the first-year accomplishments of the Advanced Manufacturing Collaborative, as well as new goals moving forward on Tuesday.
Dow tops 13,000
The Dow Jones industrial average gained 172.79 points, or 1.4 percent, to close at 13,009.68, the first time since Election Day the Dow has closed above 13,000. The stock market rose sharply as shoppers braved the annual post-Thanksgiving rush, while traders were encouraged by positive economic news from Germany and China.
Buildings bought
Private real estate investment firm Divco-West, which has offices in San Francisco and Boston, has purchased four office buildings, totaling 373,000 square feet, in Boston's Fort Port Channel area. The converted warehouse buildings previously owned by Boston Wharf Co. were acquired for DivcoWest Fund III, an $870 million fund raised last year. Terms of the transaction were not disclosed.
TODAY
L Small Business Administration chief Karen Mills attends a "Small Business Saturday" event and tree-lighting ceremony at Adams Park in Roslindale.
L Needham Bank has named Paul M. Totino of Dedham as executive vice president of commercial lending and finance.
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