Friday, October 15, 2010

Daily Business Update from the Boston Globe

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Globe Today

Friday, October 15, 2010

O'Malley joins Memento as chief executive
Memento Inc., a Burlington-based provider of enterprise fraud management solutions for financial institutions, said that John E. O'Malley has joined the company as its chief executive.

Mandarin Oriental ranks high in posh hotel survey
Mandarin Oriental, Boston was named the third overall hotel in the United States and the 20th worldwide in the 2010 �Readers� Choice Awards� in the November issue of Conde Nast Traveler magazine.

Core inflation falls in the Boston area
Between September 2009 to September 2010, core inflation fell 0.6 percent the Boston area, the first decline since the US Bureau of Labor Statistics began tracking such activity in 1982, the bureau said today.

Accident disrupts Verizon service in the Back Bay
Verizon Communications Inc. said that its telephone and Internet customers in the Back Bay and on the Boston University campus have been without service after a private contractor accidentally cut a Verizon cable last night.

Who, What, Where
A sample of recent personnel announcements from local firms.

Bernanke says Fed may do more to boost economy
The stubbornly high unemployment rate remains a major concern to policy makers as Federal Reserve Chairman Ben Bernanke today suggested that the central bank would take additional measures to stimulate the economy.

JetBlue unveils ads created by Mullen
JetBlue Airways, the largest carrier at Logan International Airport, is debuting a new ad campaign created by Mullen, a Boston ad agency.

Helicos has a new CEO
Helicos BioSciences Corp., a Cambridge company focused on gene-sequencing instruments, said that its board of directors has Ivan Trifunovich as the company's president and chief executive.

Today in Globe Business
A sample of Business stories from today's Globe.

Thursday, October 14, 2010

Genzyme adopts worker retention program
By Robert Weisman, Globe Staff Genzyme Corp.'s board, which received an $18.5 billion hostile tender offer from France's Sanofi Aventis SA this month, has adopted an employee retention program that would accelerate stock awards in the event the Cambridge...

Bank of America CEO speaks in Boston about foreclosures
Bank of America Chief Executive Brian Moynihan said it would be weeks before the nation's biggest bank has a grip on the extent of problems with its foreclosure process.

Court rules against owners in Liverpool fight
LONDON -- A British judge granted an injunction Thursday against the Liverpool owners that could clear the way for the club's sale to the parent company of the Boston Red Sox.

Banker files for bankruptcy protection
David K. Drumm, the former chief executive of Anglo Irish Bank who is living in Massachusetts, filed for bankruptcy protection today in federal court in Massachusetts.

State Street taps Anderson
State Street Global Advisors, the investment arm of State Street Corp., said it has named Kevin D. Anderson its new global chief investment officer for fixed income and currency.

Burst Media relocates to larger quarters
Burst Media, a firm that provides services to Web publishers, said it has relocated its corporate headquarters to larger space in the same Burlington office park where it operated from earlier.

$50 mil gift to fund Harvard Business School expansion
Harvard Business School is launching a major expansion in Boston, partly thanks to a $50 million gift from Tata Companies, one of India's biggest conglomerates, the school revealed today.

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