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Wed. Nov. 14, 2012 Goodwin Procter has been named as a ‘Best Law Firm for Women’Goodwin Procter, an international firm based in Boston, said Wednesday that it has as been named as a “Best Law Firm for Women” by Working Mother and Flex-Time Lawyers for the third consecutive survey year. Law firms with more than 50 attorneys may apply to be on Working Mother and Flex-Time Lawyers’ list. In drawing up their list, Working Mother and Flex-Time Lawyers examine such factors as family-friendly benefits and policies, compensation, and the firms’ records for advancing and retaining women. | | ||
Pret A Manger gives away free food at Boston storesBritish sandwich chain Pret A Manger is giving away free food at its first two Boston stores that are opening in the next few days. Staff is handing out free food Wednesday and Thursday at the financial district location at 185 Franklin Street. The Back Bay shop, at 507 Boylston Street, will be giving out free food on Thursday and Friday starting at noon. Pret A Manger, founded in London in 1986, focuses on fresh, natural food. The chain, which already has restaurants in New York, Chicago, and Washington D.C. is looking at dozens of locations around the Boston area, according to city officials. | |||
Gary J. Nabel, new chief scientific officer for Sanofi, will be based in CambridgeFrench pharmaceutical giant Sanofi SA, which bought Genzyme Corp. in 2011, said Wednesday that its new chief scientific officer is Gary J. Nabel, a medical doctor with ties to Harvard University and the Massachusetts Institute of Technology. Nabel’s appointment takes effect Dec. 3, and he will be based in Cambridge. Since buying Genzyme for $20.1 billion, Sanofi has looked to make the Boston area its top US research hub. | |||
AAA Southern New England: Thanksgiving holiday travel is projected to rise for 4th straight yearNext week, 43.6 million Americans are projected to travel 50 miles or more from home during the Thanksgiving holiday weekend, an increase of 0.7 percent over the 43.3 million people who traveled last year, AAA Southern New England said. That increase marks the fourth consecutive year of growing holiday travelers since 2008 when Thanksgiving travel fell by 25 percent. | |||
Mathworks software is used to develop on-board training system for Royal Navy destroyerMathworks Inc., a Natick-based company that makes mathematical computing software for engineers and scientists, said Wednesday that its Model-Based Design product has been used by global defense contractor BAE Systems to develop a new on-board trainer for the Royal Navy’s Type 45 destroyer. The on-board training system allows crew to control, reconfigure, and recover the ship’s propulsion, generation, and auxiliary systems across various scenarios in real-time. | |||
New ads from Forge Worldwide promote Dragon NaturallySpeaking, voice recognition software from Nuance Communications Inc.Boston ad agency Forge Worldwide has begun a new ad campaign for Boston ad agency Forge Worldwide said it has begun a new ad campaign for Dragon NaturallySpeaking, voice recognition software from Nuance Communications Inc. of Burlington. The commercials are designed to reach such key Dragon audiences as students, seniors, professional writers, and people with disabilities. | |||
Staples posts hefty loss on charges, but tops viewFRAMINGHAM — Staples reported that it lost $596.3 million in its third quarter, pulled down by restructuring and impairment charges and a decline in revenue. But the office products company’s adjusted results beat analysts’ expectations. Staples has been working on a strategic plan that includes investing more in its online and mobile efforts and expanding the product assortment that it offers to its business customers. The efforts are aimed at serving customers’ better and accelerating growth. The chain said that its loss amounted to 89 cents per share for the period ended Oct. 27. | |||
Doors shut at 10 Upper Crust restauarants, about 140 employees are out of workThe Upper Crust pizza chain has abruptly closed most of its restaurants, let go about 140 employees, and will shut down permanently unless it can get a cash infusion in the next few days, according to a trustee overseeing the Boston-based company. At a hearing in US Bankruptcy Court Tuesday, the trustee, Mark G. DeGiacomo, said Upper Crust shut Monday restaurants night because it had just four days of supplies and only $14,000 in cash after company executives paid themselves a month’s salary in advance. | |||
Monitor Group warns that it could lay off 235 people; says Deloitte will hire mostThe Cambridge consulting firm Monitor Group plans to lay off 235 workers in connection with its bankruptcy filing and agreement to be acquired by Deloitte Consulting, according to a filing notifying the state. Monitor said it will “permanently terminate the employment” of its employees at 2 Canal Park in Cambridge, according to a WARN notice dated Nov. 9 that its general counsel sent to the state’s Executive Office of Labor and Workforce Development. The letter said “certain Monitor employees” will receive offers from Deloitte, but suggested that many will not. | |||
Four attorneys leave WilmerHale to join Choate, Hall & StewartFour attorneys from the private client practice at the Boston law firm WilmerHale are joining the wealth management group of crosstown competitor Choate, Hall & Stewart. Choate manages about $2 billion in assets for wealthy clients and has 50 employees. The move follows WilmerHale’s spinoff of its investment group into a separate entity called Silver Bridge Advisors. The group joining Choate includes partners Jennifer C. Snyder, Nan Giner, Michael L. Fay, and Brian W. Monnich and some of their staff. | |||
Martin Baron, editor of The Boston Globe, to become editor of The Washington PostMartin Baron, the editor of The Boston Globe who oversaw the news organization when it won six Pulitzer Prizes over the past decade, will become the executive editor of The Washington Post in January, both papers said Tuesday. The Globe will launch a national search to fill Baron’s job, said Christopher M. Mayer, publisher of the Globe. While citing the talent within the newsroom, he said he would also consider outside candidates. Mayer said his goal is to fill the position as quickly as possible. | |||
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Wednesday, November 14, 2012
Daily Business Update
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