Wednesday, April 28, 2010

Daily Business Update from the Boston Globe

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Wednesday, April 28, 2010

Monyihan helms first BofA shareholder meeting
By Todd Wallack, Globe Staff Brian Moynihan of Wellesley presided over his first annual shareholders meeting this morning in Charlotte, North Carolina as chief executive of Bank of America Corp., and negotiated through a raft of challenges to company...

Boston Properties a World Trade Center finalist
Boston Properties Inc., the Durst Organization Inc., and Related Cos. are the commercial real estate firms vying to invest in and manage One World Trade Center in New York City, Bloomberg News is reporting.

Most shareholder resolutions fail at BofA meeting
Charlotte, N.C. - Bank of America shareholders today approved a resolution to make it easier for shareholders to call a special shareholder meeting, over the objections of the bank's board.

Joyce will join WBZ-TV weather team
Boston meteorologist Joe Joyce has left NECN to join WBZ-TV Channel 4's weather team.

Friendly's Express opens at Coolidge Corner
Friendly Ice Cream Corp., a Wilbraham-based chain of more than 500 restaurants, said it is holding its grand opening today for a Friendly's Express restaurant in Brookline's Coolidge Corner neighborhood.

JCHE taps Schectman
Jewish Community Housing for the Elderly, a Boston-based nonprofit organization that develops, manages, and provides affordable housing to low income seniors nationwide, said that Amy Schectman has been named president and chief executive.

JetBlue to launch service from Washington National
JetBlue Airways Corp. said it will launch nonstop service from Washington's Reagan National Airport to Boston; Ft. Lauderdale, Fla.; and Orlando, Fla.; beginning Nov. 1.

Fidelity study finds uncertainty over Roth IRAs
Many investors are uncertain about whether they can convert 401(k) retirement plans with former employers into Roth Individual Retirement Accounts, or IRAs, according to a new report from Fidelity Investments.

d'Arbeloff joins EnerNOC
EnerNOC Inc., a Boston company that helps utilities and electric grid operators regulate supply and demand, said that it has hired Nick d'Arbeloff as vice president of enterprise energy management, a new position at the company.

Thermo Fisher Scientific 1Q profit jumps
WALTHAM - Lab equipment maker Thermo Fisher Scientific Inc. said that its first-quarter profit rose 56 percent as it booked higher revenue in its analytical technologies and laboratory products segments.

Agrawal wins Lemelson-MIT sustainability prize
The Lemelson-MIT Program today announced BP Agrawal as recipient of the 2010 $100,000 Lemelson-MIT Award for Sustainability in recognition of his creation of a community-driven rainwater harvesting system that alleviates shortages in rural India.

Staples promotes Scopa
Staples Inc., the Framingham-based office supplies retailer with $24 billion in 2009 sales, said it has promoted Lisa Scopa to vice president, treasurer.

Massachusetts home prices continue to rise
The median selling price for a single-family home in Massachusetts rose for the fifth straight month in March, and the inventory of Bay State homes for sales has increased for the first time since March 2008, the Massachusetts Association of Realtors said.

Today in Globe Business
A sample of Business stories from the print edition of today's Boston Globe.

Tuesday, April 27, 2010

E-mail suggests Goldman knew risks for Harvard
By Beth Healy, Globe Staff A Goldman Sachs e-mail from February 2007 acknowledged that a large trade in complex mortgage-related securities would be ??good for us?? but bad for several customers, including Harvard University. The e-mail was part of...

Southwest Airlines will increase Hub presence
Discount carrier Southwest Airlines Co. said it is launching new service between Phoenix and Minneapolis and between Phoenix and Boston.

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