Correction: Daily Business Update - July 12, 2012

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Thu. Jul. 12, 2012 Webster woman accused of stealing from EMC Corp. A former employee of data storage company EMC Corp. accused of illegally using a company-issued credit card for more than $155,000 in personal expenses has been ordered held on $7,500 cash bail. Madeline Vinton was arraigned Wednesday in Middlesex Superior Court on five counts of larceny over $250.	Advertisement
RI group offers new home loan option Rhode Island Housing is celebrating the launch of new home loan programs designed to allow more residents to buy a home. The organization plans to highlight its new loan options with an event Thursday in Cranston. Gov. Lincoln Chafee and Cranston Mayor Allan Fung are scheduled to attend.
Boston businesses push to help veterans find jobs Massachusetts business leaders are launching a program intended to connect employers with military veterans returning from overseas deployment or active duty. The ‘‘Boots to Business’’ initiative will benefit some of the nearly 13,400 veterans who showed up for services at the state’s career centers last year. Only just over 5,200 of these veterans were employed.
Mass. AG to review utility service standards BOSTON (AP) — Attorney General Martha Coakley has launched a review of standards used to measure the overall service quality of local utility companies to determine if they are adequate.
Bingham McCutchen appoints L. Tracee Whitley as new chief operating officer Bingham McCutchen LLP, a global law firm with a major presence in Boston, announced the appointment Wednesday of L. Tracee Whitley as its new chief operating officer. Whitley was previously deputy chief operating officer. She succeeds William A. Bachman, who now holds the title of executive director of partner leadership development.
Microsoft to open Boston store in August Microsoft Corp. said Wednesday that it will open its first Boston store on Aug. 23 at the Prudential Center. The Redmond, Wash., software giant currently has 20 retail outlets around the country. Microsoft opened its first store in 2009 in Scottsdale, Ariz., in a bid to compete with rival Apple Inc., which has more than 360 stores worldwide. Microsoft’s stores will sell hardware and software such as Windows products and the Xbox 360. They will offer training and tech support.
Mass. takes big drop on CNBC list of ‘America’s Top States for Business’ Texas ranked first in CNBC’s 2012 list of America’s Top States for Business, and Massachusetts was 28th, down from last year’s ranking of 6th, the biggest year-to-year drop of any state. According to CNBC, the Bay State fell in a number of categories, including cost of doing business and the condition of its infrastructure. Several big states took hits in the infrastructure category, partly because of updated census data about the nation’s roads, CNBC said.
Mass. attorney general, treasury officials examine state impact of Libor scandal State officials are examining how the growing scandal over manipulation of a key interest rate used to price credit around the world may have affected public finances in Massachusetts. Officials working for Treasurer Steve Grossman and attorney general Martha Coakley will meet later this week to look into the impact of manipulation could have affected finances of the state and state agencies.
Apple leaving Green Registry leads to purchasing fallout San Francisco plans to suspend purchases of Apple Inc. computers after the company stopped participating in an environmental certification program used by governments and universities to make purchasing decisions. San Francisco’s employees will no longer be able to use city funds to buy Apple desktops, laptops, or monitors because the company dropped out of the rating system called EPEAT. According to EPEAT’s website, the registry is used to make purchasing decisions at the states of California and Massachusetts, Ford Motor Co., and Yale University.
Zipcar buys Austrian car-sharing company as it looks to expand in Europe Zipcar Inc. of Cambridge is expanding its European car-sharing network with the acquisition of Austria’s Denzel Mobility CarSharing GmbH, which operates under the name CarSharing.at. The deal adds another 200 vehicles and 10,000 members to Zipcar’s growing European market. Last year, the company bought the majority stake in Catalunya Carsharing SA, a Spanish car-sharing network known as Avancar. Zipcar did not disclose the financial terms of the deal to purchase CarSharing.at.
Gen9 announces appointment of Kevin Munnelly as president and chief executive Gen9 Inc., a Cambridge company developing technologies for synthesizing genes, announced the appointment of Kevin Munnelly as president and chief executive. Company cofounder Joseph Jacobson had been serving as interim CEO. Munnelly joined Gen9 in September as chief operating officer, a post that will now be held by Martin Goldberg. Before joining Gen9, Munnelly was the general manager of a business unit of Life Technologies Corp.
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