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Wed. Sep. 05, 2012 Vanguard says top US stock manager Owens to leave fund Edward P. Owens, whose $22.4 billion Vanguard Health Care Fund has outperformed every US equity mutual fund since it was created in 1984, will retire at the end of the year. The fund returned 16 percent a year since May 1984, better than any other stock fund, according to data from Morningstar Inc. Owens, 65, is a senior vice president and partner at Boston-based Wellington Management Company LP, which manages about $234 billion for Vanguard across 20 funds, the Pennsylvania-based firm said in a statement.	Advertisement
As governor, Romney faced similar economic situation as Obama -- with similar results As governor of Massachusetts, Romney inherited a state economy in 2003 similar to the one President Barack Obama found entering the White House in 2009, one marked by a deep recession, huge job losses, and a widening budget deficit. Like Obama, Romney could point to an economy that was much improved from the worst of the recession. But, as with the US economy today, progress was slow, painstaking, and for many, disappointing.
Hawthorn Medical leaves Partners HealthCare System to link up with Steward Health Care Nine months after scooping up 150 doctors from Beth Israel Deaconess Medical Center’s physician group, fast-growing Steward Health Care System has lured away more than 110 other health care providers affiliated with the giant Partners HealthCare System. Hawthorn Medical Group, the largest multi-specialty practice in the New Bedford area, is set to disclose Wednesday afternoon that it has signed a 10-year affiliation deal with Steward, a Boston-based chain of 11 hospitals and other health care sites across eastern Massachusetts.
Excelitas Technologies acquires Kaiser Systems Waltham-based Excelitas Technologies said Wednesday that it has acquired Kaiser Systems Inc., a privately held Beverly company that designs and manufactures high-voltage power systems. Terms of the transaction are not being disclosed. Kaiser has 62 employees, and Excelitas Technologies has about 3,000 in various countries in North America, Europe, and Asia.
GnuBIO to expand operations with Kendall Square move GnuBIO Inc. said it is moving to larger space in Cambridge as it expands operations. With 11,000 square feet of space, the new office at One Kendall Square is more than twice as large as the current office at Sidney Street, which is also in Cambridge. GnuBIO is a privately-held company developing next-generation desktop DNA sequencing technology that will compartmentalize the entire DNA sequencing process, combining all of the steps required for sequencing into a single system.
Skanska USA is hired for Andover school project Skanska USA said Wednesday that it has signed a $34.5 million contract to provide construction management services for the construction of Bancroft Elementary School, a public school in Andover. The project includes the construction of a new 106,486-square-foot building adjacent to the existing Bancroft Elementary School that first opened in 1969. The new building will accommodate 680 students and will include classrooms and administrative space as well as a library, a gymnasium, and a cafeteria.
Black journalists, black engineers book conventions for Boston The National Association of Black Journalists and the National Society of Black Engineers have signed contracts with the Massachusetts Convention Center Authority to bring their conventions to Boston in 2014 and 2016. The National Association of Black Journalists is scheduled to bring its 2014 convention and career fair to Boston in midsummer. This will mark the first time the association visits New England. Meanwhile, the National Society of Black Engineers has booked a convention for Boston in March 2016.
Yellow Wood Partners acquires Parfums de Coeur Ltd. Yellow Wood Partners LLP, an investment firm with offices in Boston, said Wednesday that it has acquired Parfums de Coeur Ltd., a large provider of mass-market fragrances in the United States. Yellow Wood said it is acquiring Parfums de Coeur in partnership with the company’s management team, which is also investing equity into the business. A Yellow Wood press release did not include additional financial details about the transaction. Parfums de Coeur is known for such product lines as Designer Imposters, Specialty Bath with Body Fantasies, and BOD Man.
Sand 9 closes additional Series C investment Sand 9 Inc., a Cambridge company specializing in precision timing products, said Wednesday that Ericsson has invested $3 million in the company. Headquartered in Sweden, Ericsson is a global provider of communications technology and services. Wireline communications infrastructure and cellular base stations rely heavily on timing products. Sand 9’s focus is micro-electromechanical systems, or MEMS, timing products.
MassMutual to buy retirement unit The Massachusetts Mutual Life Insurance Co. of Springfield said Tuesday it has inked a deal to buy The Hartford’s retirement plans unit for $400 million. The deal will more than double the size of MassMutual’s retirement plan business when it is completed later this year, enabling it to administer plans with more than 3 million participants and $120 billion in assets.
WTKK 96.9 FM expands news offerings Boston radio station WTKK 96.9 FM said Tuesday that it has expanded its news offerings to include live newscasts every 30 minutes, and traffic and weather reports every 15 minutes, 24 hours a day. The news and weather reports will be available on the radio station, online, and via apps on Apple and Android devices. The expanded news programming is based on a partnership with Total Traffic Network, which is owned by radio giant Clear Channel Communications, Inc. in Texas.
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