Fri. Dec. 09, 2011 Mass AG Martha Coakley: NRC must take 2nd look at Japan accident
Massachusetts Attorney General Martha Coakley is pushing federal regulators to take another look at the Fukushima Daiichi nuclear disaster in Japan as they consider relicensing the Pilgrim Nuclear Power Station. Coakley today appealed to the Nuclear Regulatory Commission to review the Atomic Safety and Licensing Board’s refusal to consider the implications of the Fukushima disaster last March. Coakley said there are similarities between the Fukushima and Pilgrim plants. Fidelity’s Korhonen departs, 5 years after succeeding Bolton
Fidelity Worldwide Investment’s Jorma Korhonen, the asset manager who took over some of Anthony Bolton’s funds five years ago, has left the company amid slumping returns. Korhonen will be replaced by Jeremy Podger, Fidelity said in an e-mailed statement. Korhonen led Fidelity Global Special Situations Fund when it was split from Bolton’s U.K. Special Situations Fund in 2006. At the time, Bolton’s fund was valued at $12 billion and he’d managed it for 27 years, becoming Britain’s most successful money manager. New Balance will be a sponsor of the ABN AMRO Marathon Rotterdam
New Balance Athletic Shoe Inc. said it has signed a multi-year deal to be the official footwear and apparel sponsor of the ABN AMRO Marathon Rotterdam. According to Boston-based New Balance, the race is one of the fastest marathon courses in the world and one of the biggest one-day sporting events in the Netherlands. The 2012 marathon is scheduled for April 15. Ace Private Risk Services introduces automobile insurance coverage to Mass.
Ace Private Risk Services said its Ace Platinum Portfolio program can now include automobile coverage in Massachusetts. According to Ace Private Risk Services, it is the first carrier in the state to offer automobile coverage that is part of an overall program that can also provide home, valuable collections, and umbrella liability insurance within one package policy paid with just one bill. Ace Private Risk Services is a personal insurance business for high net-worth individuals and families. Coakley charges movie director with bogus film tax credit claims
A Los Angeles movie director was arraigned today in Boston Municipal Court on charges that he defrauded the state of $4.7 million in film tax credits. State prosecutors alleged that Daniel Adams, 50, submitted inflated expenses on applications for tax credits for two movies filmed on Cape Cod: “The Golden Boys” and “The Lightkeepers.” Davis was arrested by state police last night and faces charges of Making a False Claim Against the Commonwealth and Larceny over $250. Sun Life among local firms cited for workplace diversity
Sun Life Financial Inc. of Wellesley and law firm Nixon Peabody LLP were among firms with local connections that were cited as good places to work for LGBT employees. Every year, the Human Rights Campaign, a civil rights organization for lesbians, gays, bisexuals, and transgender people, draws up a list of employers whose practices and policies foster a welcoming workplace for LGBT employees. Other local companies on the list include Bain & Co., EMC, Raytheon, Staples, and TJX. Bank of America’s Anne Finucane calls company’s debit-card fee “too aggressive”
Bank of America Corp. executive Anne Finucane, acknowledged today that the financial institution’s widely-criticized attempt to impose a monthly fee on debit card users was “too aggressive.” In an interview following her remarks at The Massachusetts Conference for Women in Boston, Finucane, the bank’s global strategy and marketing officer, said the company’s proposal to charge customers $5 a month on debit-card purchases was ill fated. Wells Fargo to pay $148m in muni bid-rigging case
Wells Fargo & Co. agreed to pay $148 million to settle criminal charges and civil claims for conspiring to overcharge state and local governments on investments, becoming the fourth bank to enter a settlement in the case. The deal will resolve investigations into Wachovia Bank, which Wells Fargo acquired in 2008, by federal agencies as well as attorneys general in 26 states, the Justice Department said in a statement. (The Massachusetts share of the settlement is $925,000.) Former Winn executive sentenced in Columbus Center case
A former executive of the firm behind the failed Columbus Center project in Boston was sentenced today to three months confinement in a half-way house for making illegal campaign contributions to get support for the development. Million-dollar TV manhunt has a secret weapon: Surveillance cameras from Axis Communications
Set to air tonight on the History Channel, a TV special called “Off the Grid: Million Dollar Manhunt” makes extensive use of video surveillance cameras made by Axis Communications of Chelmsford. The show’s premise: Two contestants are dropped into Los Angeles, armed with nothing but their wits, a cell phone, and a credit card. Their mission: Evade a team of expert trackers using the latest technology. If the contestants can complete four tasks and escape the city without being caught, they win $1 million. Bernie & Phyl’s Furniture is coming to Natick
Bernie & Phyl’s Furniture, a Norton-based chain of furniture stores, is planning to open two stores in Natick next month. The company has purchased two buildings at the former Lexington Furniture site – a 34,000 square foot building and a 5,000 square foot building. Plans call for the company to open a large Bernie & Phyl’s showroom along with an upscale “Metro Living” concept store in the smaller building. The Metro Living store will feature higher end contemporary leather and upholstery living-room furniture. | 
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