The Ticker

Taylor family may bid to buy back Globe

Members of the Taylor family, longtime owners of the Boston Globe who sold the paper to the New York Times Co. in 1993 for $1.1 billion, are reportedly considering a bid to buy back the paper.

In February, the New York Times Co. announced plans to try to sell its New England Media Group, including the Globe, the Worcester Telegram and Gazette and their websites. The company had tried to sell the Globe in 2009, but was unable to get its asking price from a handful of bidders, including the Taylors.

Initial bids for the Globe this time around are reportedly due April 18.

Former Globe exec Rick Daniels and private-equity firm Boston Post Partners, led by Heb Ryan, offered about $100 million for the paper earlier this year, including an agreement to assume some of the paper's pension liability.

Rosengren: Fed easing should continue

Federal Reserve Bank of Boston President Eric Rosengren said the central bank should continue its bond-buying stimulus program as long as the unemployment rate remains above its goal and inflation is below its objective.

Inflation in February was 1.3 percent, below the Fed's 2 percent target and close to the lowest level since 2009, while growth has been too weak to generate jobs for millions who are out of work. The jobless rate fell to 7.6 percent in March, a four-year low, as more Americans abandoned the search for work.

Fed officials are debating how and when they will curtail asset purchases that have swollen the central bank's balance sheet to a record $3.23 trillion. The policy-setting Federal Open Market Committee led by Chairman Ben Bernanke decided last month to continue $85 billion in monthly bond buying until the labor-market outlook improves "substantially."

• 451 Marketing has hired Valerie Umana as a senior account executive for the firm's consumer public relations team. Umana previously worked at Boston-based communications agency Regan Communications on consumer accounts including the Boston Celtics, New Balance and Mohegan Sun.
• Circor International Inc. of Burlington has hired Scott Buckhout as president and chief executive officer, effective immediately. Wayne Robbins, who has served as acting president and CEO since December, will continue as the company's executive vice president and chief operating officer.
• Boston-based law firm Posternak Blankstein & Lund LLP has elected David Barbash as the firm's newest managing partner. Barbash is a partner in the firm's corporate department, where he has served as co-chairman for the past three years.
• American Science and Engineering Inc. of Billerica has appointed Jennifer L. Vogel to the company's board of directors. Vogel was most recently senior vice president, general counsel, secretary and chief compliance officer of Continental Airlines Inc.

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