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Mon. Apr. 16, 2012 Kim chosen to head World Bank, extending US monopoly on job Jim Yong Kim was chosen to be president of the World Bank, becoming the first physician and Asian-American to head the lender after emerging markets failed to rally around a challenger to the US monopoly on the job. The World Bank board of directors said Monday it chose Dartmouth College president Kim to succeed Robert Zoellick, whose term ends June 30. A specialist in HIV/AIDS with a Ph.D. in anthropology, Kim, 52, faced rival bids from Nigeria and Colombia.	Advertisement
Becker College team wins MassDiGI video-game contest A team of five Becker College students won the grand prize in the MassDiGI Game Challenge; their winning entry is titled “Nano Swarm,” a game cited for its vivid graphics and the potential to be played on touch-screen devices such as the iPad. In the game, nano bots find themselves imprisoned under the watchful eye of guards wielding machine guns and flame throwers. Game players are tasked with devising a successful bot jail-break. Twenty-eight teams competed over the weekend for the competition’s top prize.
J&J ordered to pay Boston Scientific $40m over stents A Johnson & Johnson unit owes Boston Scientific Corp. more than $40 million in damages for intentionally infringing a patent for coronary stents, a federal judge said in a post-trial ruling. Boston Scientific, a Natick-based medical device company, won about $20 million from Cordis Corp. in a May 2011 jury trial in Wilmington, Del. US District Judge Sue Robinson said in an opinion April 13 that Boston Scientific deserved twice that much.
Mass. gas prices rise another 2 cents a gallon The Massachusetts average price for gas is $3.899 a gallon in the latest weekly AAA survey, up 2 cents from the previous week’s average, AAA Southern New England said Monday. It is the fifth consecutive week of increases. The current national average price for gas is $3.90 a gallon. A year ago at this time, the Massachusetts average was $3.66 a gallon.
Millennials have distinctive buying habits, new study finds Millennials --- the roughly 79 million Americans between the ages of 16 and 34 --- favor brands that have Facebook pages and mobile websites; millennials are more likely to shop for groceries at convenience stores than middle-age folks, and they are more receptive to cause marketing campaigns. Those are some of the findings from a new survey conducted by the Boston Consulting Group, the marketing services firm Barkley, and Service Management Group. As for the perception that millennials are lazy consumers, that’s way off base.
FDA schedules meeting with Cellceutix on psoriasis drug Cellceutix Corp., a Beverly biopharmaceutical company, said that it has received a response from the Food and Drug Administration related to its request for a meeting on Prurisol, its drug candidate for psoriasis. The FDA has confirmed mid-June for a meeting, the company said in a press release. In a statement, Cellceutix chief executive Leo Ehrlich said, ‘‘The market potential for an effective psoriasis treatment that outperforms today’s therapies is significant and could possibly generate billions of dollars annually.”
Westwood Station has new owners A new team of developers has purchased the 130-acre Westwood Station development site and is planning to resurrect a long-stalled effort to build a new community with homes, offices, stores and a hotel along Route 128. The team is led by New England Development, which had a smaller role in the prior ownership of Westwood Station. The new owners will rename the project University Station, and try to revive what had been one of the state’s largest developments.
Head of Carney Hospital in Dorchester quits after just 14 months on the job Bill Walczak, president of Carney Hospital in Dorchester, is out after just 14 months on the job.
Titanic business lesson: A blind belief in technology can put leadership skills on ice The sinking of the Titanic a century ago holds many lessons that today’s business leaders would be well advised to heed, Jocelyn Davis writes in a new e-book. Davis is the executive vice president of research and development at Forum Corp., a Boston-based consulting firm specializing in leadership development. Her book is titled, “Leadership Failures Sink Unsinkable Ship: Business Lessons from the Titanic.” One lesson: Canny business leaders never let a blind faith in technology lull them into complacency.
Reluctant tax filers get an extra 48 hours this year Tax procrastinators are getting a break this year -- not on what they owe, but when their returns must be filed. A couple calendar anomalies have pushed back the due date from April 15 to April 17. When the 15th falls on a Sunday, as it does this year, the last day to file tax returns is moved to Monday. But because Monday is Emancipation Day in the District of Columbia, taxpayers nationwide get an additional 24-hour extension.
BostonGlobe.com named ‘World’s Best Designed’ site by Society for News Design BostonGlobe.com, the Globe’s subscription website, has been named the “World’s Best Designed” site for 2011 by the Society for News Design. In citing BostonGlobe.com, judges in the SND annual Best of Digital News Design competition said it “decisively raised the bar for digital news design.” “The Globe site is a refreshing shift away from crafting news design as a single artifact and toward news design as an organism that responds to context, to device, and to the user,” they said.
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