With hundreds of National Grid employees still unpaid for work performed during Hurricane Sandy because of payroll system glitches, attorney general Martha Coakley on Monday fined the utility $270,000. She called on National Grid to “resolve this matter immediately” or risk more fines. National Grid began using a new payroll system shortly before Sandy hit the region in late October., leaving the company little time to fix any glitches before it had to handle the complex pay and overtime issues created by the massive storm. Athenahealth Inc., a Watertown company that provides electronic record and billing systems to hospitals and other medical industry clients, said it has agreed to buy Epocrates Inc., which has developed point-of-care medical applications that about 330,000 doctors use as reference tools, in many cases on their iPhones. The companies’ boards of directors have agreed to a price of $11.75 per share, in cash, for an aggregate purchase price of about $293 million. The purchase price represents a 22 percent premium over Friday’s closing price for Epocrates shares on NASDAQ. The Boston Globe is seeking the most innovative people in Massachusetts -- individuals who did the most in the past year to transform a business or their community. And we need your help. You can nominate candidates using this convenient online form. The achievements of candidates could range from introducing a new product that changed the way people work or play, to launching a new effort that became a runaway success. What’s important is that the bulk of their accomplishment occurred in the past 12 months. Yankee Publishing Inc., the New Hampshire company that publishes the Old Farmer’s Almanac and Yankee Magazine, said Monday that it has acquired the assets of McLean Communications, which publishes New Hampshire Magazine, New Hampshire Business Review, Parenting New Hampshire, New Hampshire Home, and other publications. McLean will operate as a wholly-owned subsidiary of Yankee Publishing Inc., which also goes by YPI. YPI said it now employs a staff of 82 people. Terms of the transaction are not being disclosed. A Suffolk Superior Court judge has rejected an attempt to block the sale of leases at four bankrupt Upper Crust restaurants to a private equity firm with ties to the pizza chain’s ousted founder. The average price for gas in Massachusetts is $3.459 a gallon in the latest weekly AAA survey, up 4 cents from the previous week’s average, AAA Southern New England said Monday. It was the first weekly increase locally since early October, AAA Southern New England added. The current national average for a gallon of gas is $3.29. A year ago at this time, the Massachusetts average price was $3.37. Cambridge Savings Bank announced Monday the appointment of Wayne F. Patenaude as president and chief executive of Cambridge Financial Group Inc. and Cambridge Savings Bank. Patenaude, who succeeds Robert M. Wilson, has served as the bank’s chief financial officer and treasurer since 2007. | | |
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