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Business in brief

Old Cambridge tour is free to download till June

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May 1, 2008

A narrated walking tour of Old Cambridge - accompanied by a slide show that plays on a pocket-size video player - can be downloaded for free this month, courtesy of the Cambridge Office for Tourism. The "Beyond the Yard" tour, which is available at cambridge-usa.org/global/mobile.php, will cost about $5 to download starting June 2. The 60- and 80-minute versions will play on any MP3 player or smartphone running Windows Mobile 5.0. This is the latest work of Untravel Media Inc., a Boston start-up. Untravel plans to make public its Web-based publishing software this summer so people can produce neighborhood tours. (Nicole C. Wong)

THE REGION
Dublin chilled food maker buys a Newburyport firm
Greencore Group PLC, the world's biggest maker of packaged sandwiches, bought Newburyport's Home Made Brand Foods Inc. to enter the US market for chilled convenience food. Greencore will initially pay $44 million, and up to $10 million more, depending on Home Made's performance this year, the Dublin company said. Home Made makes and supplies meals, salads, sandwiches, and quiche to retailers such as Stop & Shop, Hannaford, and Publix, Greencore said. (Bloomberg)

Akamai's profit nearly doubles in first quarter
Web services provider Akamai Technologies Inc. said its first-quarter profit nearly doubled, fueled by a diverse set of products and a broad customer base. For the three months ended March 31, the company earned $36.9 million, or 20 cents per share, up 93 percent from $19.2 million, or 11 cents per share, in the same period a year earlier. Revenue rose 34 percent to $187 million, from $139.3 million. Analysts, on average, expected a profit of 39 cents per share on sales of $188.2 million, according to a poll by Thomson Financial. (AP)

Demand for lab products boosts Millipore's results
Billerica's Millipore Corp., a maker of membranes for sterilizing and filtering antibiotics and beverages, said first-quarter profit rose 22 percent on strong demand for laboratory products. For the quarter ended March 29, net income grew to $32.6 million, or 59 cents per share, from $26.7 million, or 49 cents per share, a year earlier. Excluding one-time charges, profit totaled 80 cents per share in the latest period. Revenues grew 7 percent to $396.2 million, from $372 million. The results beat estimates of analysts surveyed by Thomson, who expected adjusted profit of 78 cents per share on revenue of $387.4 million. (AP)

Worcester firm faces fine by OSHA in worker's death
A company that handles freight in Worcester faces a nearly $29,000 fine after a fatal industrial accident. Paul Harding of Spencer was killed in December when a large tire on a crane he was working on blew. The blast sent the Intransit Container employee several feet into the air. The Occupational Safety and Health Administration last week alleged six safety violations in connection with the death. Among them: failing to adequately train workers and failing to ensure that tires are deflated before they are removed from vehicles. Company president Stephen Cotrone did not immediately respond to a phone message. (AP)

THE NATION
Cablevision reportedly plans to bid for Newsday
Cablevision Systems Corp. plans to make an offer of up to $650 million to acquire Newsday from Tribune Co., The Wall Street Journal reported in its online edition. The report said a bid could come within 48 hours. A spokesman for Cablevision declined to comment. Any offer would be the third for the Long Island daily, following competing bids of $580 million each, first from Rupert Murdoch's News Corp. and then from real estate developer Mortimer Zuckerman, who owns the New York Daily News. Murdoch also owns the Journal. (AP)

Treacy is charged in Monster backdating case
The former operating chief of Monster Worldwide Inc., the world's largest online recruiting firm, was charged with defrauding investors by improperly accounting for backdated stock options. James Treacy, 50, faces up to 25 years in prison if convicted on charges of securities fraud and conspiracy, US Attorney Michael Garcia in New York said. Treacy was also sued by the Securities and Exchange Commission, along with former Monster controller Anthony Bonica. The criminal charges follow those against Monster founder and former chief executive Andrew McKelvey, who has entered into a deferred prosecution deal, and ex-general counsel Myron Olesnyckyj, who has pleaded guilty to fraud and is cooperating with the government. The New York Times Co., parent of The Boston Globe, has an alliance with Monster Worldwide to sell help-wanted advertising. (Bloomberg)

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