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Tue. Mar. 13, 2012 Nixon Peabody expands presence in China Nixon Peabody LLP, a law firm with offices in Boston, has formed a strategic alliance with Hylands Law Firm to expand its capabilities in China, a commercial business center for Nixon Peabody clients. Founded in 2007, Hylands operates in six Asian cities: Beijing, Shanghai, Nanjing, Guangzhou, Shenzhen, and Hong Kong. This is Nixon Peabody’s second alliance with a Chinese law firm. In 2010, Nixon Peabody opened an office in Hong Kong and announced its strategic association with CWL Partners.	Advertisement
Jeffrey Carney is leaving Putnam Investments Jeffrey R. Carney is leaving Putnam Investments, where he has been senior managing director in charge of marketing and products, to run Charles Schwab Corp.’s retail branch business, the companies confirmed. Boston-based Putnam, a mutual fund manager, announced that it promoted Scott C. Sipple to head of Investment Product Management and Development. Carney’s exact role will not be refilled, Putnam said.
L.L. Bean is marking its centennial with a special ice cream flavor One of the several ways that L.L. Bean is celebrating its 100th anniversary as an outdoor clothing brand is having a limited edition ice cream flavor commissioned for the occasion. The flavor, “Muddy Bean Boots,” is an ice cream tribute to one of the company’s most famous products --- a waterproof rubber-and-leather boot that has become an L.L. Bean icon. The flavor will be available only at select locations such as ice cream stands.
Massport OK’s funding for renovations at Terminals B, C, and E The Massachusetts Port Authority today approved funding for the first phase of a construction project to renovate three terminals at Logan International Airport. The $20 million budget will be used for demolition, pre-construction services, and design work to relocate United Airlines to Terminal B, giving JetBlue Airways room to grow in Terminal C, and create post-security connections between the two sides of Terminal B and between Terminal C and Terminal E. This phase of the project is estimated to be finished within the next two years.
What were the top consumer complaints of 2011? Various state and federal organizations, as well as the Better Business Bureau of Boston, each announced Tuesday a list of top five consumer issues of 2011.
Eaton Vance CFO, treasurer resigns Investment fund manager Eaton Vance Corp. of Boston said its chief financial officer and treasurer is resigning based on a “mutual decision” that it is time for him to leave. His duties will be divided between two executives. Company spokeswoman Colleen Lavery said Tuesday that CFO Robert Whelan was not fired, and left after he reached a mutual decision with the company that he should step down after almost five years on the job. Laurie Hylton will take the role of chief financial officer.
BNY sued by Ohio for fraud over foreign-currency trades Bank of New York Mellon Corp., the world’s largest custody bank, was sued by Ohio’s attorney general for allegedly defrauding state pension funds through foreign-currency transactions. BNY Mellon, which has been sued by several states and the US over pricing practices in foreign-exchange transactions, was accused of “systematically overcharging” two pension funds, Ohio’s attorney general said. The Ohio suit “recycles baseless allegations from other lawsuits brought elsewhere,” a Bank of New York spokesman said. “We are right on the facts and the law.”
Direct Air, serving Worcester, cancels all flights through May 15 Direct Air, the public charter airline that offers the only scheduled service out of Worcester Regional Airport, has cancelled all its flights through May 15, leaving the beleaguered airport without commercial flights for the third time in nine years.
Chamber will honor Fidelity Investments’ Johnson family as ‘Distinguished Bostonians’ The Greater Boston Chamber of Commerce said Tuesday that the Johnson family, founders and stewards of Fidelity Investments, will be inducted into the chamber’s Academy of Distinguished Bostonians. According to the chamber, the Johnson family has played an important role in the history of Boston for 13 generations, contributing significantly to the financial, commercial, and cultural legacy of the city. Fidelity Investments, a Boston financial services company perhaps best known for its mutual funds, was founded in 1946 by Edward C. Johnson 2d.
Apperian closes $12.4m round Apperian Inc. announced Tuesday that it has closed a $12.4 million round of venture financing and said that it will use some of the funds to expand its headquarters in Boston. Investors include North Bridge Venture Partners, Kleiner Perkins Caufield & Byers’ iFund, Bessemer Venture Partners, and Common Angels. The new round of funding brings Apperian’s total financing to $24 million. Apperian specializes in mobile application management. Its services enable its corporate customers to securely deploy and manage mobile apps for iOS, Android, and Blackberry devices.
Miles C. Barr wins Lemelson-MIT prize for student innovation Miles C. Barr has been awarded the $30,000 Lemelson-MIT Student Prize for devising a process that advances solar technology. Barr has devised a way to fabricate solar cells onto a variety of surfaces such as textiles and car windows. His method has the potential to lead to the widespread adoption of solar power. Enabling solar cells to be printed directly onto common materials like paper could reduce the cost of solar energy by eliminating the need for specialized installation.
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