Friday, January 11, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Fri. Jan. 11, 2013
 
FAA orders comprehensive review of Boeing Dreamliner
The Federal Aviation Administration has ordered a comprehensive review of Boeing's 787 Dreamliner after a fire and a fuel leak aboard two aircraft at Logan International Airport earlier this week, but the action is not expected to have an immediate impact on Japan Airlines' daily Boston-Tokyo flight.
Fidelity says it will disclose daily money market mutual fund values
Fidelity Investments said it would start disclosing the real value of its money market mutual fund shares each day, following a move by two Wall Street banks earlier in the week, as the largest players in the $2.5 trillion market try to stave off tighter regulations.
Starbucks supervisors want raise after court decision stops them from sharing in tips
Shift supervisors at local Starbucks cafes plan to deliver a petition to the coffee chain’s local headquarters demanding a pay raise following a recent court decision barring supervisors in Massachusetts from sharing in baristas’ tips, said a group that says it represents many of the supervisors. Starbucks responded that it is taking steps to ensure that supervisors will continue to be “fairly rewarded for their work.”
Kimberly-Clark, maker of Kleenex and Huggies, loses Massachusetts tax court case
The maker of Kleenex and Huggies lost a bid Friday to reduce its state tax bill in Massachusetts.
Cushman & Wakefield: Boston has top US office market absorption rate for 2012
By one metric of commercial real estate activity, Greater Boston’s central business district fared better than any other market in the country. Cushman & Wakefield, a large commercial real estate services firm, compiled statistics in a study that examined business districts’ office market absorption rates, which measure the net rate of growth in leasing during a given period. The study looked at the central business districts in 28 cities across the country.
A unit of BNY Mellon buys Two Liberty Square
A unit of BNY Mellon Investment Management has purchased Two Liberty Square, an 11-story office building in Boston’s Financial District, said a broker involved in the transaction. The broker is Jones Lang LaSalle’s Capital Markets group. An affiliate of AEGON Asset Management sold the building for about $17.5 million to URDANG, the real estate investment specialist for BNY Mellon Investment Management.
Boston MedFlight buys $8m helicopter
Boston MedFlight, a not-for-profit organization that provides critical care transport service, said it is purchasing a new $8 million helicopter to replace one of the three helicopters in its fleet. The new helicopter is an American Eurocopter EC145 and is expected to be delivered in August. Among other features, the EC145 has an extra-large cabin for caring for a variety of patients, including those requiring specialized medical equipment.
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