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Thu. Jun. 14, 2012 New chief for John Hancock funds unit Manulife Financial Corp. said it named Craig Bromley head of its US Division and president of John Hancock Financial Services in Boston, effective Sept. 1. Bromley replaces Jim Boyle, who has worked for Toronto-based Manulife for 20 years and is retiring.	Advertisement Sign up to receive daily deals from Boston.com in your inbox.
Report: Summer camps are ‘economic engine’ for Mass., Northeast Massachusetts is home to more than 800 camp programs, many of them summer camp programs, which collectively account for 1,300 full time employees and 23,000 seasonal workers, according to a new report conducted for a division of the American Camp Association. The youth camping industry has a direct financial benefit of $3.2 billion for the nine states that makes up the association’s Northeast region, including a $417 million benefit for Massachusetts, the report found.
State unemployment rate falls to 6 percent, lowest rate in more than three years The Massachusetts unemployment rate fell to 6 percent in May, down from 6.3 percent in April, as Bay State employers added 7,500 jobs last month, the state’s Executive Office of Labor and Workforce Development said Thursday morning. May was the sixth straight month that the state’s economy has added jobs. The current national unemployment rate is 8.2 percent. When that national figure was released earlier this month, the stock market tumbled on disappointing jobs numbers.
AOL wins proxy fight at Boston annual meeting AOL Inc. successfully fended off an attempt by dissident investors to unseat several of its board members, according to preliminary results of a proxy vote revealed Thursday at its annual shareholder meeting in Boston. The company said that all eight of its existing board members were reelected by shareholders despite an aggressive effort by Starboard Value LP, one of AOL’s largest shareholders, to win seats on the company’s board for three of its own candidates.
Bullhorn Inc. has been acquired by Vista Equity Partners Bullhorn Inc., a Boston company specializing in recruiting software, announced Thursday that it has been acquired by Vista Equity Partners, a private equity firm with more than $6.6 billion in committed capital. Terms of the acquisition were not disclosed. Bullhorn has more than 200 employees, and it raised $26 million in venture funding from Highland Capital and General Catalyst, a Bullhorn spokeswoman said.
Staples promotes Neil Ringel to executive vice president of Staples Advantage Staples Inc., the office supply giant with $25 billion in annual sales, announced the promotion of Neil Ringel to executive vice president of Staples Advantage, the company’s business-to-business division. The division focuses on businesses with 20 or more employees, including global businesses, local, state, and federal government agencies, health care organizations, and educational institutions. Ringel joined Framingham-based Staples in 1995 and worked to help launch the Staples Advantage business.
World Energy Solutions selected for NStar’s municipal program World Energy Solutions Inc., a Worcester-based energy management services firm, said Thursday that it has been selected by NStar to be an approved contractor within NStar’s municipal program. That program aims to help Bay State municipalities save money on energy through the implementation of energy efficiency measures. The cost of these efficiency projects is being supplemented directly by NStar, which offers incentives for qualifying lighting and mechanical retrofits.
Third Rock Ventures launches Global Blood Therapeutics Third Rock Ventures LLC, a venture capital firm with offices in Boston and San Francisco, announced Thursday the formation of Global Blood Therapeutics Inc. and its $40.7 million Series A financing. Global Blood Therapeutics is building a pipeline of medicines for severe genetic blood diseases. The company’s lead program focuses on sickle cell disease. Global Blood Therapeutics marks the first company formation and launch out of Third Rock Ventures’ West Coast office.
Schilling’s 38 Studios faces more scrutiny State and federal law enforcement agencies stepped up their investigation this week into Curt Schilling’s bankrupt video game company. Both the Rhode Island Economic Development Corp. and the Bank Rhode Island, a unit of Brookline Bancorp, confirmed Wednesday that they received subpoenas regarding Schilling’s company, 38 Studios LLC, which shut down operations last month and filed for Chapter 7 bankruptcy last week.
Senator Scott Brown calls on JPMorgan to revoke bonuses in wake of $2 billion investment loss WASHINGTON -- Senator Scott Brown of Massachusetts called on the top executive of JPMorgan to take back the bonuses and any other financial incentives reaped by those responsible for the trading debacle that led to the company’s $2 billion loss. JPMorgan’s chief executive officer, Jamie Dimon, was grilled Wednesday morning by the Senate Banking Committee as part of Capitol Hill’s inquiries into the huge losses disclosed about a month ago by the investment and banking giant.
Morning newscast at FOX25 will soon start at 4 a.m. as station looks to expand local news coverage FOX25 News said it is expanding its television news coverage with an earlier start time for its weekday news as well as more coverage on weekends. Effective July 9, the station’s morning newscast will start at 4:00 a.m.; the current start time is 4:30. And on July 7, FOX25 News plans to unveil an hour weekend newscast on Saturdays and Sundays at 6 p.m. With the changes, FOX25 News said it will offer 47 hours of local news programming a week.
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