Thursday, March 14, 2013

Daily Business Update

 
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EDITORIAL EMAIL PUBLISHED BY   Boston.com
Daily Business Update Thu. Mar. 14, 2013
 
Peter Voser of Royal Dutch Shell to address Boston College’s Chief Executives’ Club of Boston
Peter Voser of Royal Dutch Shell is set to address Boston College’s Chief Executives’ Club of Boston on March 21. Voser is expected to discuss the future energy challenge, climate change, renewable energy, and the impact that the “North American shale revolution” will have on the United States and the world for years to come, the club said.
Sam Zales will lead Hub marketing software firm ClickSquared
ClickSquared, a Boston company that makes marketing software, said Thursday that its board has chosen Sam Zales to be its new CEO. Zales succeeds Wayne Townsend, who had served as ClickSquared’s chief executive since 2008. Most recently, Zales was president of Zoom Information, and his resume includes a stint at as a management consultant at Bain & Co.
Rick Hess will succeed Stephen Daly as CEO of Hittite Microwave
Rick D. Hess will become president and chief executive of Hittite Microwave Corp., succeeding Stephen G. Daly April 1, the company’s board of directors said. Chelmsford-based Hittite designs and manufactures high performance integrated circuits, modules, subsystems, and instrumentation for digital, RF, microwave, and millimeterwave applications. Previously, Hess, 59, was a vice president at American Superconductor Corp. He has been a member of Hittite’s board since 2005.
Massachusetts Securities Division fines Deutsche Bank $17.5m in CDO case
Massachusetts Secretary of State William F. Galvin said Wednesday he had fined Deutsche Bank Securities Inc. $17.5 million for allegedly failing to disclose conflicts of interest related to collateralized debt obligations, or CDOs, before the financial crisis. CDOs were widely created by Wall Street firms in the run-up to the crash in 2008; these investments are sliced up pieces of debt, many of them mortgage-related, that are repackaged and sold as securities. Many of these investments plummeted in value as the housing market slumped.
Panjiva: ‘No drought of stout this St. Patrick’s Day’
St. Patrick’s Day revelers can rest easy --- that’s because shipments of stout and some Irish whiskeys are running smartly ahead of last year’s levels. So concludes Panjiva, a firm with offices in New York and Cambridge that analyzes bills of lading for ships bringing goods to the United States. According to Panjiva, stout shipments are running nearly 5 percent above last year’s levels, and shipments of Jameson are up 430 percent on a year-to-year basis.
Alliance with BlackRock will give Fidelity customers broader access to ETFs
Fidelity Investments, the Boston-based financial services company, said Wednesday that more than 10 million of its customers will now have increased access to investment tools and products thanks to a new strategic alliance with BlackRock Inc. BlackRock’s iShares business unit is a provider of Exchange Traded Funds, or ETFs, and the alliance will give Fidelity customers improved access to a range of commission-free ETF investments.
MIT’s Goldwasser, Micali win ACM Turing Award
Shafi Goldwasser and Silvio Micali have been awarded the 2012 ACM A.M. Turing Award for their pioneering work in enabling secure Internet transactions, the Association for Computing Machinery, or ACM, said Wednesday. “By formalizing the concept that cryptographic security had to be computational rather than absolute, they created mathematical structures that turned cryptography from an art into a science,” ACM said.
 
 

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