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Thu. Dec. 13, 2012 LPL Financial hires Victor Fetter as its new chief information officer LPL Financial, the Boston-based broker-dealer firm, said it has hired a Dell Inc. executive to be its new chief information officer. LPL named Victor Fetter to the post, as well as director of the company’s Business Technology Services business unit, starting next week. Fetter, 44, was previously vice president and chief information officer of Dell online. Before that, he was global information chief for Mercer Human Resources Consulting.	Advertisement
Synta Pharma expects to sell $60m in stock LEXINGTON — Synta Pharmaceuticals Corp. said Thursday that it expects to sell 7 million shares of its stock for about $60 million. The company priced the offering at $8.60 per share, a penny below its closing price on Wednesday. Synta expects $60 million in proceeds before expenses and discounts. It said the sale will close Tuesday. Synta said it will use the proceeds of the sale to fund research and development, clinical trials, manufacturing, and other general corporate purposes.
Harvard Management Co. adds to its investment team Harvard Management Co., which manages the roughly $30 billion endowment of Harvard University, said that it has added four managers to its public markets team. New team members include Sanjiv Bhatia, who joined the company as managing director and emerging markets equity portfolio manager. Previously, he was an executive with Isometric Capital Management, a Hong Kong-based hedge fund. The other new members are Al-Wadhah Al-Adawi, Amit Tiwari, and Srdjan (Serge) Tanjga.
AAA Southern New England: Holiday travel is projected to rise by 1.6 percent AAA Southern New England said Thursday that it is projecting that 93.3 million Americans will journey 50 miles or more from home during the holidays, an increase of 1.6 percent from last year. If that projection holds up, the increase would bring holiday travel figures to within a half million of the decade high mark seen during the 2006/2007 Christmas-New Year’s season. The New England region is expected to see a 1.4 percent increase in holiday travel from last year,
JetBlue plans Boston-Philadelphia flights starting in the spring JetBlue Airways announced Thursday the launch of nonstop service between Boston’s Logan International Airport and Philadelphia International Airport. Five daily flights will begin on May 23, said JetBlue, Logan’s largest carrier. Earlier this year, Southwest Airlines discontinued its service between Boston and Philadelphia.
TripAdvisor: Don’t put ‘I Saw Mommy Kissing Santa Claus’ on your holiday jukebox A new survey from TripAdvisor projects that more Americans will be traveling over the holidays this year. The survey also examined which Christmas carols have the most soothing --- and the most distrubing --- effects on holiday travelers. For Bostonians, enduring a recording of a low-rent crooner warbling “I Saw Mommy Kissing Santa Claus” is nearly as annoying as a long line at the airport or being served up an off-brand fruit cake. Want to put a Boston traveler in a good mood? Just crank up the volume on “White Christmas.”
Harvard Bioscience shares rise after company says it will spin off subsidiary through IPO Shares of Harvard Bioscience Inc. surged nearly 13 percent Wednesday after the life sciences tool maker disclosed plans to spin off its regenerative medicine device business through an initial public offering next year and give some stock to Harvard Bioscience investors. In a regulatory filing, the Holliston company said it will seek to raise $20 million by taking public its wholly owned subsidiary, Harvard Apparatus Regenerative Technology, known as HART, which is developing parts for “bioartificial” organs such as replacement tracheas using plastic scaffolds seeded with the cells of patients needing airway transplants.
Secretary of State William Galvin charges LPL Financial with improper sales of non-traded REITs Massachusetts Secretary of the Commonwealth William F. Galvin charged LPL Financial of Boston on Wednesday with failure to supervise agents who sold investments in non-traded real estate investment trusts, and with “dishonest and unethical” business practices. A probe by the Securities Division, which Galvin oversees, found 597 transactions by Massachusetts residents in seven REITs with more than $28 million invested. An LPL spokeswoman said Galvin’s claims are “substantially overstated.”
University of New Hampshire start-up looks to commercialize anti-fatigue gel Research from the University of New Hampshire’s chemistry department has resulted in an exclusive license agreement for an anti-fatigue topical energy gel between the university and Wakup Inc., a UNH start-up company, the university said Wednesday. Wakup looks to commercialize the anti-fatigue gel. According to Wakup, each application of this energy gel gives a person a “non-caffeinated boost for about an hour.”
Ameresco finishes 1st phase of an energy-savings program for a NASA facility Ameresco Inc., a Framingham company that helps its customers to become more energy efficient, said Wednesday that it has completed the first phase of a $28-million energy-savings project for the Wallops Flight Facility, a NASA facility in eastern Virginia. As part of the $15 million first phase of the facility-wide project, Ameresco installed high efficiency lighting, decentralized an antiquated steam plant by installing a propane distribution system, and upgraded and expanded an existing energy management control system.
Audax Group announces acquisition of Aavid Thermalloy Audax Group, an investment firm with offices in Boston, said that it has acquired Aavid Thermalloy of Concord, N.H. Audax’s press release did not disclose financial details of the transaction. Aavid is a designer and manufacturer of thermal management solutions for high-performance products that seek to dissipate heat that might otherwise cause failure in a wide range of electronic and industrial systems. The seller was Nautic Partners LLC, a Providence-based private equity firm.
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