Friday, June 15, 2012

Daily Business Update

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Daily Business Update


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Fri. Jun. 15, 2012

Mullen is about to launch game-show marketing campaign for JetBlue Airways

Boston ad agency Mullen is about to launch an online game-show marketing campaign for JetBlue Airways. The campaign seeks to raise awareness for JetBlue Getaways, the airline’s vacation package offering. Recent JetBlue ad campaigns have mostly targeted business travelers. The “Get Away With It” campaign not only focuses on leisure travelers, but on Boston and New York as well. Boston and New York are two of JetBlue’s more popular markets.

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Feds fill quota for high-tech work visas

US companies looking to hire skilled foreign workers have signed up for special work visas at the fastest rate in years. The US Citizenship and Immigration Services said earlier this week that it has filled its quota for the H-1B visa program, which is widely used by high-tech companies to recruit foreign engineers and technicians. The US issues 85,000 such visas each year, and begins accepting new applications in April.

Mayor: Landmark legislation won’t be vetoed

Woonsocket’s mayor says Governor Lincoln Chafee has assured him he won’t veto legislation that could threaten the purchase of Landmark Medical Center by a Massachusetts hospital chain.

CoCo Key Hotel begins renovations, rebranding to Double Tree by Hilton Boston-North Shore

The CoCo Key Hotel & Water Resort Boston-North Shore marked the beginning of a $10 million-plus renovation that will convert the hotel into a DoubleTree by Hilton in the fall. The Danvers hotel, with 365 rooms, held a demolition kick-off event for the renovations this week. Improvements include upgrades to the meeting space and the addition of new technological amenities that address the needs of the business traveler, such as 50 mb fiber optic high speed Internet and an executive lounge.

T-shirt haberdasher Johnny Cupcakes readies for store opening on Martha’s Vineyard

Johnny Cupcakes, a chain known for high-end T-shirts coveted by trendy hepcats and fashion-forward women, said it is poised to open a “faux bakery” --- chain lingo for a T-shirt boutique --- on Martha’s Vineyard Saturday. To mark the opening of the new store in the Vineyard community of Oak Bluffs, the chain said it is launching “a whole new line of custom T-shirts that integrates Martha’s Vineyard culture and landmarks into the context of Johnny Cupcakes’ culinary themes.”

Samsonite says luggage named in consumer magazine safe for use

Samsonite International SA, the world’s largest branded-luggage maker, described three brands as “completely safe,” after the Hong Kong Consumer Council said handles on those models contained carcinogens.The Mansfield-based luggage company in a statement issued today said it had sent samples to an independent laboratory for testing and that the Tokyo Chic, Cubelite, and Westlake lines mentioned by the publication were safe to use.

R.I. labor officials suspend probe of Curt Schilling’s video game firm

The Rhode Island Department of Labor and Training, which has been investigating complaints that 38 Studios LLC did not pay hundreds of workers, has suspended its probe in light of the company’s bankruptcy filing last week, a spokeswoman said. The company, founded by former Red Sox pitcher Curt Schilling, acknowledged in bankruptcy filings that it owed workers more than $2 million. But it seems unlikely workers will recoup lost pay because the company owes more than $150 million and has less than $22 million in assets.

New chief for John Hancock 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.

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.

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