 | Tue. Sep. 13, 2011 CEO is leaving Boston-Power
The chief executive at Boston-Power Inc., a Westborough company that makes lithium ion batteries, is leaving the firm in advance of a funding round that will likely have the company shifting some of its resources to China, according to a company spokesperson. Keith Schmid, who was named Boston-Power’s chief executive in February when company founder and former head Christina Lampe-Onnerud became executive chairman, is leaving the company along with two other executives. Fidelity replaces Magellan fund manager
Fidelity Investments said today it has replaced the manager of its long struggling Fidelity Magellan mutual fund. The Boston financial services giant has replaced Harry Lange, 59, who had run the fund since October 2005, with Jeff Feingold, 40, who has been running Fidelity’s much smaller Fidelity Trend fund. The move highlights the problems Fidelity has had with the Zipcar inks deal to put cars on Chicago campus
Cambridge-based Zipcar Inc. said that it’s partnering with the University of Illinois at Chicago to offer its vehicles on the university’s campus. Financial terms were not disclosed. As part of the program, university members between the ages of 18 and 20 have access to a group of six vehicles, while members ages 21 and up can use all eight of the Zipcars on campus. Zipcar, which has partnerships with over 250 colleges and universities, said its services are especially attractive to college students. Goodwin Procter makes list for best law firms for women
Goodwin Procter made a list of the 50 best law firms for women, the only Massachusetts-based firm to do so. The list is put together by the National Association for Female Executives and Flex-Time Lawyers, a consulting firm. To make the list, a law firm must demonstrate a commitment to “women-friendly policies” that focus on such issues as flex time, work-life balance initiatives, parental leave, child care, and mentoring programs. Microsoft consolidates in Cambridge
Microsoft Corp. is moving most of its Massachusetts operations to Cambridge. On Monday, the company said it would transfer its sales and marketing teams from Waltham to One Cambridge Center. The new location is near Microsoft’s New England Research and Development Center at One Memorial Drive. “We are excited to have our employees literally steps away from each other on a central campus in Kendall Square– the world’s most innovative square mile,” said Microsoft‘s northeast district general manager Craig Hodges. Blue Hills Brewery wants to put some Amarillo hops in your beer
Strategis, a Stoughton-based marketing firm, said it is working with client Blue Hills Brewery to help launch a new line of beers called the “Single Malt Series.” The Canton microbrewery plans to release a new iteration of the series every few months. Each version will be brewed with one single type of malt and one single hop variety. The initial offering is American Pale Ale, which is made with only two-row malt and Amarillo hops. Northborough BJ’s readies for grand opening ceremony
BJ’s Wholesale Club said it has scheduled a grand opening ceremony for Saturday for its new store in Northborough. With more than 120,000 square feet, the store is located at Northborough Crossing, a new shopping center in Northborough. The new BJ’s replaces a 23-year-old BJ’s in Westborough that closed last week. Added conveniences at the Northborough store include a bakery, a gas station, a delicatessen, a cafe, and a Verizon Wireless kiosk as well as an “integrated liquor shop.” Study: Boylston Street is one of the priciest office addresses in North America
Boylston Street in Boston is one of the most expensive streets for office space in North America, according to a survey from Jones Lang LaSalle. The real estate firm examined 40 office markets and ranked them by average asking rents. Tops on the list is Sand Hill Road in Menlo Park, Calif., the venture capital nerve center of Silicon Valley. Boylston Street ranked 8th behind midtown Manhattan’s Fifth Avenue; Greenwich Avenue in Greenwich, Conn.; and Pennsylvania Avenue in Washington, D.C. Mullen appoints new president
Boston ad agency Mullen said that Alex Leikikh is the new president of the agency’s headquarters office. Leikikh, who will lead the day-to-day operations of Mullen’s headquarters office, takes over from Joe Grimaldi. Grimaldi, who had held the titles of president and chief executive, will now become chairman and chief executive. Leikikh joined Mullen in 2009 and is credited with playing key roles in landing such accounts as Zappos, JetBlue, and the Barnes & Noble Nook e-reader. Mass. gas prices rise a penny
The average price for gas in Massachusetts is $3.659 a gallon in the latest weekly survey from AAA, up 1 cent from the previous week’s average, AAA Southern New England said today. The current national average is $3.64 a gallon. A year ago at this time, the Massachusetts average price was $2.60 a gallon. In the survey out this morning, the range in Bay State gas prices is 36 cents, from a low of $3.49 to a high of $3.85. Bruker to buy Center for Tribology
Scientific instruments maker Bruker Corp. said today that it agreed to buy Center for Tribology Inc. for an undisclosed sum. The privately held, California-based Center for Tribology provides testing and consulting services to technology companies. It’s expected to post more than $10 million in revenue this year. Bruker said it plans to incorporate the center’s business management, operations, research and development, sales, and support into its nano surfaces division. The deal is expected to close at the end of the third quarter. |
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