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Fri. Nov. 16, 2012 Fidelity plans to move Boston headquarters to Summer St. after decades on Devonshire Fidelity Investments said Friday it plans to move the company’s Boston headquarters to 245 Summer St., eventually vacating the corporate offices at 82 Devonshire St. where chairman Edward “Ned” C. Johnson 3d has worked since the 1970s. The old building houses 600 employees, who will eventually be moved to other locations of the mutual fund and brokerage giant. Fidelity already has 2,900 employees at 245 Summer St., which is next to South Station, including president Abigail P. Johnson, and Ronald O’Hanley, head of asset management and corporate services.	Advertisement
American City Business Journals buys Boston’s Streetwise Media American City Business Journals of Charlotte, N.C., has acquired the Boston online news start-up Streetwise Media Inc., which is best known for its website Bostinno.com that covers the area’s growing technology sector, the two companies announced Friday. Financial terms of the deal were not disclosed. American City Business Journals, a subsidiary of New York’s Advance Publications Inc., also publishes the Boston Business Journal and Mass High Tech. Terms of the deal were not disclosed.
Convention center seeking two new hotels The Massachusetts Convention Center Authority put out a request for proposals to develop two 400- to 500-room hotels near the Boston Convention & Exhibition Center, the authority announced Friday.
Advent International, Boston private equity firm, raises $10.8 billion buyout fund Advent International, a Boston-based private equity firm, said it has raised a $10.8 billion buyout fund, the largest of its kind launched in the business since the financial crisis. The fund, which will invest in mid-sized buyout deals, raised about half the money from large investors in North America; the other half came from Europe, Asia and the Middle East, according to the firm’s managing partner, David Mussafer.
More people are filing medical claims, and that means less money for state health insurers The state’s largest commercial health insurers posted lower third-quarter financial results Thursday, with most blaming an increase in claims for medical care after a two-year period during which many people went to the doctor less often because of the economy. Earnings dropped sharply at Fallon Community Health Plan, Harvard Pilgrim Health Plan, and Blue Cross Blue Shield of Massachusetts, and more modestly at Tufts Health Plan.
City Year unveils ‘crowd-sourced’ Twitter ad campaign with help from Allen & Gerritsen City Year, a Boston-based nonprofit that seeks to help young at-risk students, has launched a new national recruitment campaign that is being partly shaped by crowd-sourcing on Twitter, said Allen & Gerritsen, the Boston-based ad agency that helped develop the campaign. In looking to drum up new recruits willing to give a year of their lives to persuade potential drop-outs to stay in school, the campaign is asking City Year’s current crop of volunteers to tweet their stories. Those stories will then be used to shape City Year’s TV ads.
Quanterix, a Lexington company specializing in technology designed for the early detection of diseases, raises $18.5m Quanterix, a Lexington company specializing in technology designed for the early detection of diseases, said Thursday that it has closed an $18.5 million Series C financing. Quanterix added that it has also entered a strategic agreement with bioMerieux, a French company that plans to use Quanterix’s Simoa technology to develop specialized tests that focus on infectious diseases. As part of the financing, bioMerieux has taken an initial $15 million equity stake in Quanterix.
MassMutual agrees to $1.6 million penalty for misleading investors about annuities, SEC says Massachusetts Mutual Life Insurance Co. agreed to pay
A record number of cruise passengers visit Boston A record-high 380,000 cruise ship passengers visited Boston this season, a 23 percent increase over last year. The Massachusetts Port Authority reported Thursday that 117 cruise ships docked in Boston during the 2012 season, a 9 percent increase over the previous season. In addition to the passengers, the ships brought more than 100,000 crew members. About 9,000 passengers came to Boston on unscheduled visits on ships that rode out Superstorm Sandy in the city.
Sense Networks: This could be a big holiday for mobile advertising This could be the holiday when many retailers allocate a much larger piece of their ad dollar to smartphone users, says Sense Networks, a company whose executives include folks who studied at MIT. The company works with algorithms that can make sense of GPS-enabled smartphone location patterns to build a lifestyle profile of that smartphone user so that personalized ads can be sent his or her way.
Massachusetts unemployment rate rises to 6.6 percent in October, up from 6.5 percent in September The Massachusetts unemployment rate for October was 6.6 percent, the fourth straight month of increases, as the local economy added 7,900 jobs, the Massachusetts Executive Office of Labor and Workforce Development said Thursday. The Massachusetts unemployment rate was 6.5 percent in September. The national unemployment rate, meanwhile, was 7.9 percent in October.
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