2 Netherlands companies lease space in Cambridge

DSM Pharmaceuticals Inc. and biotechnology company Crucell, both of The Netherlands, have leased 47,033 square feet at One Hampshire at Kendall Square, in a seven-story building still under construction and owned by the research-and-development company Draper Laboratory of Cambridge. The companies will occupy the entire fifth floor of the laboratory complex of new and existing buildings, which has a total of 361,000 square feet. Petroleum services company Schlumberger Technology Corp. has leased 190,000 square feet on several floors in both buildings and will move in in October. Draper was represented by Mark Winters, executive director of Cushman & Wakefield of Massachusetts Inc. (Thomas C. Palmer Jr.)

LTX Corp., a Norwood provider of semiconductor test services, said it swung to a fiscal fourth-quarter profit, but forecast first-quarter results well below Wall Street expectations. For the quarter ended July 31, net income totaled $13.9 million, or 22 cents per share, compared to a year-ago loss of $6.2 million, or 10 cents per share. Excluding restructuring and other charges, earnings totaled $14.1 million, or 23 cents per share, in the latest quarter. Sales rose 73 percent to $67.4 million from $38.9 million last year. Incoming orders totaled $44 million. LTX sees first-quarter earnings per share of 7 to 9 cents, on revenue of $51 million to $53 million, well below Wall Street's expectations of 16 cents per share on sales of $66.8 million. (AP)

West Elm, the modern furniture chain of Williams-Sonoma Inc., is opening its first stores in the Boston market this week. The store at Trilogy in Fenway opened yesterday and its second store in Burlington at Wayside Commons opens Sept. 1. It's the first time the company has opened stores back-to-back in a market, according to a West Elm spokeswoman. Each store will have more than 9,000 square feet. The Boston locations are the chain's 16th and 17th stores. (Jenn Abelson)

MIT is one of the top places for senior citizens to be employed in the United States, according to rankings released by AARP. MIT ranked seventh on the list of the top 50 organizations for workers 50 and older. It was the only organization in the top 10 not in the healthcare industry and one of only two Massachusetts employers on the entire list. Massachusetts General Hospital ranked 39th. (Keith Reed)

Testing revealed fake versions of Lipitor and other widely used prescription drugs ordered through websites linked to a Canadian pharmacy, the US Food and Drug Administration said. Consumers who bought drugs through the 10 websites should not use the medications because they may not be safe, the FDA said. The sites include rxnorth.com, canadiandrugstore.com, and rxbyfax.com. Prescriptions ordered through those sites are filled by Mediplan Prescription Plus Pharmacy, also known as Mediplan Global Health, according to the FDA and information posted on the sites. (AP)

Ford Motor Co. should replace chief executive William Clay Ford Jr. because he hasn't shown that his recovery plan will succeed, analysts and investors surveyed by Bloomberg News said. ``He should step aside . . . He's not been able to turn this company around, and we don't see anything in the future that suggests we're going to see any dramatic changes going forward, either," said Brett Hoselton, an analyst at KeyBanc Capital Markets in Cleveland. Analysts are raising questions about Bill Ford's future in an operating position as the company prepares for further cutbacks following a $1.44 billion net loss in 2006's first half. (Bloomberg)

Clorox Co., the maker of household bleach and Glad trash bags, named former Coca-Cola Co. executive Donald Knauss chairman and chief executive, effective early October. Knauss succeeds Gerald Johnston who retired on May 3 after suffering a heart attack March 1. Board member Robert Matschullat had been serving as interim chairman and chief executive. (Bloomberg)

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