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Fri. Mar. 23, 2012 Eastern Fisheries is adding 24th vessel to its scallop fleet Eastern Fisheries Inc., which bills itself as the world’s largest harvester, processor, and marketer of scallops, has added the Maelstrom to its fleet of fishing vessels. The 95-foot-long Maelstrom will be the 24th vessel in its fleet, New Bedford-based Eastern Fisheries said. The company also plans to replace four older vessels in the fleet with new boats. The first two of these new boats, the Rost and the Pyxis, are scheduled to be in New Bedford by the summer.	Advertisement
Dartmouth president Kim nominated by Obama for World Bank President Obama nominated Dartmouth College president Jim Yong Kim to become president of the World Bank, the global lender that seeks to reduce poverty. Kim was born in Seoul and is a US citizen. He will succeed Robert Zoellick as the head of the bank. The bank made $57 billion loans in the last fiscal year. Kim graduated from Brown University in 1982 and earned his M.D. from Harvard University in 1991.
Phish drummer, Ben & Jerry’s plan ‘world’s largest cowbell ensemble’ Ben & Jerry’s and the drummer from the Vermont band Phish are teaming up for a mid-April cowbell concerto that will benefit Vermont communities that were damaged by Tropical Storm Irene. The event is being billed as the “world’s largest cowbell ensemble,” and it is scheduled for April 14 in Burlington, Vt. During the extravaganza, Burlington’s Church Street is expected to be awash in Phish Food, the Ben & Jerry’s ice cream tribute to the band.
Groundbreaking ceremony held for Needham data center Digital Realty Trust Inc., a real estate investment trust focused on technology-related real estate, recently held a groundbreaking ceremony to mark the start of construction of a new data center-office complex in Needham, said Jones Lang LaSalle, the building’s leasing agent. The site for the new three-story 130,335-square-foot facility is located near Route 128. The new building is being designed to meet the technical requirements of companies that need such features as redundant power feeds and fiber connectivity.
OneUnited, church fight continues in bankruptcy court A lawyer for OneUnited Bank said Thursday in US Court that the Charles Street AME Church sought federal bankruptcy protection because of “gross, severe financial mismanagement” and not through any fault of the bank, which had been seeking to foreclose on a delinquent loan. The statements were the first extensive comments by OneUnited in the months-long saga over a $1.1 million loan that the Charles St. AME owes the bank and which has sparked an unusually divisive battle between two of Boston’s most prominent black institutions.
Iron Mountain may sell Italy unit amid focus on emerging markets Iron Mountain Inc. is considering pulling out of Italy amid the European debt crisis as the world’s largest document-storage company prefers to boost earnings and sales with acquisitions in emerging markets. “The big question for us in Europe is growth. Growth is a difficult one,” Iron Mountain International president Marc Duale said. The company, which in October sold its operations in New Zealand, is also looking at “strategic alternatives” for its business in Italy, he said, adding that no decision has been made yet.
Sanofi loses appeal in Roche suit over Rituxan, Avastin French drug maker Sanofi SA lost an appeals court ruling on its patent-infringement claims against Roche Holding AG’s Genentech and Biogen Idec Inc. for the cancer drugs Rituxan and Avastin. The US Court of Appeals for the Federal Circuit Thursday upheld a lower court ruling that the drugs don’t infringe two Sanofi patents. Biogen Idec is based in Weston. Sanofi has a big local presence following its recent acquisition of Genzyme, a biotech company headquartered in Cambridge.
Recommendation from state pension fund panel: Put custody banking services out to bid The state pension fund’s audit committee on Thursday voted to recommend to the full board that it put its custody banking services, currently handled by Bank of New York Mellon Corp., out to bid. State Treasurer Steve Grossman said The $2.7 million contract does not come due until 2014, but that he wants to “go out and test the marketplace.” Grossman said, “It’s important that no one thinks they have a lock on the business.”
SEC orders hedge fund manager to pay $7.5m A federal judge in Boston this week ordered a 28-year-old who claimed to be a hedge fund manager to pay $7.5 million for defrauding investors, the Securities and Exchange Commission said. Andrey C. Hicks of Boston and his Locust Offshore Management engaged in a scheme to mislead investors and diverted $2.7 million of their money to his personal bank accounts, the SEC said.
Stop & Shop will no longer buy ‘finely textured beef’ The Stop & Shop Supermarket Co. said that it will no longer purchase fresh ground beef containing so-called “finely textured beef.” Quincy-based Stop & Shop said it was reacting to customer concerns over the issue while noting that the US Department of Agriculture has indicated that this product is safe for consumption. Finely textured beef is a term used for treated ground beef filler. Critics have branded some kinds of these fillers as “pink slime.”
Charles Street AME Church auction postponed until July after bankruptcy filing The auction of the Charles Street African Methodist Episcopal Church, originally scheduled for Thursday morning, has been postponed until summer after the church filed for federal bankruptcy protection. The auction company, Paul E. Saperstein Co. of Holbrook, posted a note on its web site saying the “auction has been continued due to bankruptcy” until July 19.
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