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Thu. Jan. 12, 2012 Citizens Bank parent plans to cut 4,800 jobs, but little if any impact seen locally The Royal Bank of Scotland Group plc, the parent of Providence-based Citizens Bank, announced plans today to cut 4,800 jobs, citing volatile markets and new regulations in the United Kingdom.	Advertisement
Report: Cape Wind unlikely to be done by mid-2015 The long-planned Cape Wind offshore wind project is unlikely to be producing electricity by mid-2015, New England’s power grid manager says in a new report that raises the prospect of more delays in a project beset by them. But Cape Wind officials say they disagree with ISO New England’s evaluation and expect to be running at least partially by mid-2015. ISO New England’s determination about Cape Wind was included in a Jan. 3 report in which the company rejected Cape Wind’s bid to participate in a market that it oversees.
Shaw’s survey: Patriot fans are among the most fanatical football fans in the US Followers of the New England Patriots are among the most fanatical and superstitious football fans in the country, according to a recent “Snack Down Survey” from the parent company of the Shaw’s supermarket chain. The survey contacted fans in several football markets, including Philadelphia, Chicago, and San Diego, and the survey found that locals in the Boston area are more likely to identify themselves as diehard fans for their team than folks in other parts of the country.
Globe will print most editions of the Telegram & Gazette The Telegram & Gazette said today it will print the Worcester newspaper from The Boston Globe’s Dorchester facility six days a week, eliminating more than 60 jobs at its Millbury plant. The newspaper’s Monday through Friday editions, and the Sunday Telegram will be printed at the Globe. The Telegram’s commercial print operations will continue in the Millbury production facility. Both the Telegram & Gazette and the Globe are owned by The New York Times Co.
Organic yogurt maker Stonyfield taps former Ben & Jerry’s exec to be CEO Stonyfield, an organic yogurt company based in Londonderry, N.H., said today that Walt Freese, a former Ben & Jerry’s CEO, will take over as president and chief executive. Freese succeeds cofounder Gary Hirshberg, who will continue as Stonyfield chairman, while he seeks to play a larger role in advocating for change in national food and agriculture policies, including the labeling of genetically engineered foods. According to a company press release, Hirshberg “hand-selected” Freese, who will take over later this month.
Staples appoints Kirk Saville as global communications vice president Office-supply giant Staples Inc. of Framingham said it has appointed Kirk Saville to the post of vice president of global communications. In his new job, he will oversee Staples’ internal and corporate communications, marketing public relations, community relations, and corporate events. He will report to Steve Fund, Staples senior vice president of global marketing. Saville joins Staples from Hershey Co., where he served as vice president of corporate communications.
John Hancock: Investor sentiment is improving Investor sentiment showed signs of improvement in the fourth quarter as investors saw “elements of optimism for 2012,” according to an investor-sentiment index maintained by John Hancock Financial. For its fourth-quarter 2011 survey, about 1,000 investors were contacted in late November and early December. According to John Hancock, more positive views toward real estate and stock investments seem to have driven the fourth quarter’s uptick in optimism.
Not Your Average Joe’s is opening a restaurant in Seekonk Not Your Average Joe’s, a restaurant chain offering casual cuisine, is opening a restaurant in Seekonk this week. It is the Middleborough-based company’s 16th location, and it will have a capacity for roughly 200 customers. Other locations include Hyannis, Newburyport, Medford, and Randolph. The chain was founded in 1994 by Steve Silverstein, who is also the company’s chief executive.
New England economy continues to grow -- but slowly The New England economy continues to grow slowly, despite the gridlock in Washington and concern about Europe, according to a Federal Reserve survey of companies released yesterday. “Some firms are hiring, but modestly” according to the report on “Current Economic Conditions,” better known as the Beige Book. “Most contacts expect a continuation of current modest growth trends.” The survey, published eight times a year, collects anecdotal information from businesses around the country in advance of the Fed’s rate-setting meetings.
Yellow Wood Partners raises $225m Boston investment firm Yellow Wood Partners LLC said it has raised $225 million of capital, exceeding its target of $200 million. The firm said its plan is to make investments ranging from $10 million to $80 million in companies in the consumer packaged-goods industry, an area where the firm has extensive experience. Yellow Wood executives have made previous investments in such brands as Meow Mix and Spic And Span.
Massachusetts officials consider DNA testing to prevent fish mislabeling State officials are considering using DNA testing to combat fish mislabeling and are launching a pilot program in partnership with Legal Sea Foods that would trace seafood using barcodes, according to testimony prepared today for a hearing held by the Legislature’s Joint Committee on Consumer Protection and Professional Licensure. These efforts follow a Globe report in October that uncovered widespread seafood misrepresentation at area restaurants and lax government oversight.