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Friday, August 29, 2008 12:54 AM
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(Source: Boston Herald)tracking** Money manager State Street Corp. opened an office in Doha, Qatar, to expand its presence in the Middle East.

** The state Department of Public Utilities rejected a bid by Russell Biomass to bypass local zoning laws and build a 50- megawatt, wood-burning power plant in Russell. The DPU said the plant's benefits wouldn't outweigh problems like truck traffic.

** The economic slowdown will last for a "significant" time as job losses mount and consumer confidence wanes, said Lawrence Summers, a former Treasury secretary and now a professor at Harvard University.

** Furnished Quarters, a provider of temporary furnished housing, has expanded its Boston portfolio with the addition of the Third Square luxury apartment building in Cambridge's Kendall Square.

** Generic drug giant Teva Pharmaceutical Industries Ltd. sued Momenta Pharmaceuticals Inc. of Cambridge and Novartis AG's Sandoz unit to prevent them from selling a copy of Copaxone, its first branded product.

** Linux software seller Novell Inc. reported a wider third- quarter loss because of a charge related to the Waltham firm's investments.

** American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released by Rutgers University. When asked whether this is a bad time to find a quality job, 65 percent said it was.

- STAFF AND WIRE REPORTS

Inside: The U.S. housing bust is delaying some divorces because couples can't sell homes and split the money. Real Estate, Page 30.

(c) 2008 Boston Herald. Provided by ProQuest LLC. All rights Reserved.




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