Foreclosure firm settles with AG; JetBlue adds flights from Logan to BWI; Southwick opens a new factory in Haverhill; South Shore networking group cancels event because of recession; EMC CEO sees turnaround in tech spending ahead.
Company offering help to homeowners settles, leaves state
BOSTON – A firm that offers foreclosure assistance has agreed to pay $32,300 and stop doing business in Massachusetts as part of a settlement with Attorney General Martha Coakley. The attorney general had sued Express Modifications Inc. and its owner, David Gotterup, after they ran prominent ads in the Boston Metro paper. Coakley claimed that the ads were misleading, partly because they gave the impression that homeowners would get help from an attorney by responding to the ad. Coakley also said the firm violated state regulations by charging a $1,500 upfront fee for its assistance.
JetBlue defends Logan turf vs. Southwest
BOSTON – Let the fare wars begin: JetBlue is defending its turf at Logan Airport against rival Southwest by launching its own flights between Boston and the Baltimore-Washington International airport. Southwest earlier this month said it would touch down at Logan for the first time in August, with service to Chicago-Midway and BWI. JetBlue responded on Thursday by saying that it would offer four daily flights to BWI from Logan starting on Sept. 9. JetBlue said the Logan-BWI route would mean JetBlue would have 32 nonstop destinations from Boston, including upcoming new routes to San Francisco, Los Angeles and Santo Domingo.
Southwick opens factory in Haverhill
HAVERHILL – Men’s clothing manufacturer Southwick Apparel has opened a new 92,000-square-foot factory in Haverhill, thanks in part to an investment by its parent company, Retail Brand Alliance. One of Southwick’s longtime customers is Brooks Brothers, a retailer owned by Retail Brand Alliance. Southwick, which relocated from Lawrence, employs about 300 workers at the new plant.
Women’s group cancels expo
RANDOLPH – The South Shore Women’s Business Network has blamed overall economic difficulties for canceling its May 5 business expo that was scheduled to take place at Lombardo’s in Randolph. Brenda Wornum Moore, the networking group’s president, said the recession had a greater-than-anticipated impact on the organization’s ability to secure vendors for the event. She said the group didn’t want to present an event that didn’t achieve the high standards set by its previous expos.
EMC sees more tech spending by businesses
HOPKINTON – EMC Corp. CEO Joe Tucci predicted on Thursday that the downturn in corporate information technology spending is “at or very near the bottom” and that IT spending will pick up in the second half of the year. Tucci, whose Hopkinton-based company makes data storage devices and software, offered the outlook during a conference call with analysts about EMC’s latest earnings. The high-tech giant’s profit fell 23 percent in the first quarter from the same time a year ago as its customers delayed or reduced big orders. Tucci said he expects sluggish sales will continue in the second quarter before rebounding mildly by the fourth quarter.
The Patriot Ledger