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Wed. Nov. 21, 2012 Citibank close nine of 31 branches in Massachusetts Citibank, which aggressively entered the Boston market six years ago with dozens of new branches, plans to close nearly one-third of its local offices next year. The New York-based bank will close nine of its 31 branches in Massachusetts on March 15, according spokesman Catherine Pulley. The bank declined to identify which branches are closing since it has yet to notify customers, something it plans to do next month. But Pulley said the bank would maintain its offices in Boston and nearby communities and shutter locations farther from the city.	Advertisement
Insurance provider Chubb offers some Black Friday shopping tips The Chubb Group of Insurance Cos. offers some advice for shopping on Black Friday, a day when many consumers begin their annual hunt for holiday gifts. Bring along a brown bag for toting high-end merchandise --- you don’t want to flaunt your loot, Chubb advises. And leave those small kids at home. They’ll only slow a serious shopper down.
Roslindale Village gears up to mark Small Business Saturday Most shoppers know that the day after Thanksgiving is Black Friday, a day regarded by many as the official start of the holiday retail season, but let’s not forget the next day, Small Business Saturday. American Express takes credit for establishing Small Business Saturday. On that day, shoppers are urged to “shop small” and patronize local merchants on the theory that small businesses are critical to the vitality of neighborhoods and communities. Roslindale Village is one of many neighborhoods gearing up for Small Business Saturday. SBA administrator Karen Mills is expected to be on hand.
First Wind project in Hawaii goes operational First Wind, a Boston-based company that operates wind projects in the Northeast, the West, and Hawaii, said that commercial operations have begun at its Kawailoa wind facility on Oahu. The 69 megawatt project will be able to generate enough wind energy to power the equivalent of 14,500 homes on the island. At full output, the facility has the potential to meet as much as 5 to 10 percent of Oahu’s annual electrical demand and avoid the burning of about 300,000 barrels of oil each year.
George Naddaff of Boston Chicken fame has resigned as UFood chief executive UFood Restaurant Group Inc., a Boston-based franchise company that operates casual restaurants, said Wednesday that George Naddaff, a restaurant entrepreneur perhaps best known for helping to develop the Boston Chicken chain many years ago, has resigned as UFood’s chairman and chief executive. The UFood board of directors announced that it has elected Richard Golden, who has served on the board for the past three years, as the company’s new chairman and chief executive.
State Street chief financial officer Edward Resch to retire in 2013 State Street Corp. said its chief financial officer, Edward J. Resch plans to retire in 2013. Resch, 60, has been with the Boston-based financial services giant for more than a decade. The company said he would leave “following the appointment of his successor and an orderly transition of the function.”
FDA approves pump built by Framingham company for patients awaiting heart transplant Federal regulators Tuesday approved for sale in the United States a mechanical pump built by a Framingham company as a “bridge therapy” to support heart function and blood flow in patients with end-stage heart failure who are awaiting a heart transplant. The device okayed by the Food and Drug Administration, called the HeartWare Ventricular Assist System, was developed by Heart Ware International Inc.
More than 40 potential bidders have expressed interest in buying Upper Crust, the bankrupt pizza chain More than 40 potential bidders have expressed interest in buying the Upper Crust pizza business, according to Mark DeGiacomo, the trustee overseeing the bankruptcy of the Boston-based chain. DeGiacomo plans to auction off leases for all 10 shuttered Upper Crust stores that are part of the bankruptcy, as well as related assets at each location. Details of the auction are still being worked out, but the trustee plans to file a motion to sell early next week.
State Office of Consumer Affairs, local merchants offer some Black Friday shopping tips Black Friday, the day after Thanksgiving, is regarded by many as the official start of the holiday retail season --- and a day when shopping is elevated to an art form --- and, in some cases, a full-contact sport as well. To offer some guidance on how to survive and thrive on Black Friday, the Massachusetts Office of Consumer Affairs has teamed up with the Retailers Association of Massachusetts.in drawing up a list of suggestions.
Developer AvalonBay looks to start construction on 38-story tower next to TD Garden Developer AvalonBay Communities Inc. wants to start construction next year on a 38-story apartment tower next to the TD Garden that would include a two-story retail arcade connecting to the Garden and North Station. The development would bring 503 apartments to the city’s West End, where several developers are seeking to move forward with large housing and retail projects. AvalonBay outlined new details of its plan in a filing released Tuesday by the Boston Redevelopment Authority, which must approve the project before construction can begin.
W.A.T.C.H, a Boston consumer advocacy group, issues a list of 2012’s worst toys A local consumer advocacy group that calls itself W.A.T.C.H. issued a list Tuesday of the “10 Worst Toys” for the 2012 holiday shopping season. One bit of advice from the group: Be careful about buying toys on the Internet. Why? Internet toy shoppers are often provided with less product safety information than consumers who go to brick-and-mortar stores, W.A.T.C.H. said. This year’s list included toys with small parts that can be choking hazards for small children.
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