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Applicants prefer to open Hub pot shops

Written By Unknown on Sabtu, 30 Agustus 2014 | 16.30

Three of the four companies state health officials invited to apply for a medical marijuana dispensary license in counties that don't yet have a planned facility want to set up shop in Boston, according to the Department of Public Health.

JCS Holdings Inc.; Mass Medicum Corp.; and Patriot Care Corp. each submitted an application by yesterday's deadline, identifying the city as one of two proposed locations for a dispensary.

"We are a local, primarily Boston-based group, and clearly there's a need to be filled," said Dr. James Kurnick, a cancer researcher and CEO of Mass Medicum, which hopes to open a dispensary at 57 Stuart St., on the edge of Chinatown, next summer.

JCS Holdings, which is doing business as The Haven Center, has proposed locating in Allston, also in Suffolk County.

"We ... look forward to working with neighbors, community business leaders and local officials to be sure any facility we construct is an asset to the community and to all who are seeking help with chronic pain," Executive Director Christopher Taloumis said in a statement.

Both his company and Mass Medicum also identified Taunton in Bristol County as a proposed location. And Patriot Care — the only applicant officials allowed to apply for two more licenses to add to the provisional one it was awarded for a Lowell dispensary — also proposed Greenfield in Franklin County as a location. The fourth company, Coastal Compassion Inc., wants to open a facility in Fairhaven in Bristol County.

All four applicants received lower scores earlier this year than other companies that were approved for a license in their selected counties. But because the DPH deemed the four to be qualified, it invited them to resubmit an application, this time in any of the seven counties without an approved facility: Suffolk, Nantucket, Hampden, Franklin, Dukes, Bristol and Berkshire.

The four companies were allowed to apply for up to two locations but will only be selected to proceed with one after DPH's review. The department expects to complete the selection process in October.

DPH gave preliminary approval to 20 applicants earlier this year, but nearly half of them were later disqualified due to misrepresentations or other problems.

"It's been a long, convoluted process," Kurnick said.


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Japanese retailer Uniqlo opens first 2 Mass. stores

Japanese casual clothing retailer Uniqlo opened its first two Massachusetts stores yesterday, and plans to open two more in the next month.

More than 100 people were in line when the doors opened at both the Natick Mall and The Mall at Chestnut Hill.

"It's exciting to have one so close," said Vanessa Chong, 22, of Wellesley, as she waited outside the Natick Mall yesterday. "It has such a following here. It's just really good quality basics."

Inside, where shoppers were treated to Taiko drumming performances and sales clerks wore traditional Japanese coats called Happis, Uniqlo USA CEO Larry Meyer said the new stores — two of a total of 25 in the U.S. — will be followed by two more in the Bay State: one at the Northshore Mall in Peabody on Oct. 17, the other at Legacy Place in Dedham on Oct. 24.

"Our aim is to grow," Meyer said. "Uniqlo is 80 percent of the revenue of (parent company) Fast Retailing, and the U.S. is an important market."

Uniqlo plans to compete with other clothing stores like Gap, H&M and Zara, by separating itself from the pack, he said.

"We're more about functionality for great value," Meyer said, offering up as an example an ultra-light down vest that fits into a matching attached bag and retails for $39.90 through Sept. 7 and $49.90 afterward.

"The cleanliness and preciseness of the store and the customer service are second to none."

The store also offers items unique to the company, such as sweatshirts bearing copies of the artwork of Andy Warhol, Jean-Michel Basquiat and Keith Haring.


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Foreign students flock to hub

Foreign students are flocking to — and spending cash — at Greater Boston colleges and universities at one of the highest rates in the country, helping pour hundreds of millions of dollars into the local economy in the process, according to a new report.

Greater Boston schools boast the third-most foreign students in the nation, and the $1.77 billion they spent here on tuition between 2008 and 2012 trails only New York nationally, according to the report released yesterday by the Washington think tank, the Brookings Institution, and JP Morgan Chase & Co.

International students, in turn, also spent more than $932 million on living costs during the same time frame, thanks in part to the area's 85 schools, which are home to more than 53,000 who came from abroad, the study said.

Boston has long been recognized as an international student hub, but the numbers have been driven of late by an influx of students from China and India, where an increasing middle class has helped make the dream of attending a U.S. college more realistic, according to one local college official.

More than 12,600 students from China enrolled in Greater Boston schools, and nearly 5,500 more came from India, the two highest populations from any country, according to the report.

"We have the types of programs they want to apply to," said Colin Riley, a spokesman for Boston University, which accepted 8,413 foreign students in the four-year span, the 11th most in the country.

Only Northeastern University, with 9,279, had more in Boston. Harvard University, Massachusetts Institute of Technology and Suffolk University were the area's other top destinations.

Riley said that BU boasts students from more than 140 countries, and international students make up roughly 20 percent of the school's population, though he emphasized it's about more than just the boost they give to a school financially.

"Anywhere where there are schools, they have a tremendous economic impact," he said. "We have a long history of having international students."

The report said that roughly 52 percent of the foreign student graduates ended up staying to work in the area.

"Metropolitan economies can potentially benefit if the federal government reforms the immigration system to increase retention of America's foreign students," the report states.


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Candidates praise Deval Patrick for stepping in

Written By Unknown on Jumat, 29 Agustus 2014 | 16.30

Gubernatorial hopefuls say they're taking a "lesson" from Gov. Deval Patrick's decision to step in and help broker the successful sale of Market Basket, but a top business group said the unusual move shouldn't be a precedent-setter when it comes to private disputes.

"I don't perceive any widespread fear in the business community at all that this is going to set a precedent for the current governor, the next governor or a governor after that," said Chris Geehern, a spokesman for Associated Industries of Massachusetts. "My sense is this particular situation was really unique."

Patrick, who initially was cautious about stepping into the 
Demoulas family feud, said in a conference call that he didn't want to "over- or understate" the role he and New Hampshire Gov. Maggie Hassan played in discussions. But Keith Cowan, chairman of the Market Basket board, said the governors made a "significant difference" in helping push through the $1.5 billion sale.

"When we got to the interim operating agreement, I said, 'Look, I can't arbitrate this — and this is what you're asking us to do — without seeing the documents, and I don't think it's appropriate for me to see the documents,' " Patrick said. "... I can tell you, there was a point at which where, 'You're either going to have to reach an agreement, or say you can't get to an agreement, and move on. And I think you're out of time.' "

Those running to replace Patrick praised his moves.

"I think it's important to draw the right lessons from it ... to understand when you can use the bully pulpit," said Attorney General Martha Coakley.

Fellow Democratic candidate Don Berwick said he'll take "lessons" directly from Patrick's decisions, but stopped short of saying it cracked open the door for more public involvement in private discussions. "I take each situation on its own terms," he said.

State Treasurer Steve Grossman praised it as an example of "going into areas that normally aren't in the job description."

"You have to recognize that when you're dealing with a private company, you have to be invited in at some point," he said. "You can't just force your way into the door."

Jim Conroy, campaign manager for Republican front-runner Charlie Baker, said that although the state should "avoid playing a 
direct role in the matters of private family businesses, as governor, Charlie would have worked behind the scene to urge both parties to come to a speedy resolution to protect tens of thousands of jobs."


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Victorian in Brookline a labor of love

Imagine spending almost three years turning a historic Victorian into a showpiece and then having to sell your dream house.

That's what happened to the owners of 11 Chestnut Place in Brookline, an 1855-built Italianate Victorian that they transformed before they were recently transferred back to Europe.

"The owners did not want to in any way leave," said broker Bill Gehan of Campion & Co., who is assisting Tracy Campion with the listing of this five-bedroom, 7,980-square-foot property that's on the market for $4.95 million. "This was where they had resettled and they were planning to raise their three children here."

When they bought the place in 2010, the owners called in Hub architecture firm Butz + Klug.

"The house was in such bad shape that it was literally falling down," said architect Jeffrey Klug. "What we did was to totally gut the interior, build an entirely new house a quarter inch inside the exterior walls, and then connected the two."

Because the home is listed on the National Register of Historic Places, the exterior look had to be maintained. But because of the poor condition — part of the foundation even fell off — the architects were forced to re-create all the original Italianate details with new cedar siding, window moldings and roof cornice brackets.

"This is a brand-new home," Klug said.

Well, not entirely. Previous owners added a 54-foot heated pool and sauna in a vaulted pavilion reachable via a connecting hallway off the kitchen. And the three-car detached garage was the home's original carriage house — with an au-pair suite added above.

When it came time to do the interior, Krug and his partner Pamela Butz found a sympathetic client who liked the kind of modern design they do — subtle, with lots of neutral colors using high-quality woods, fixtures and materials.

The kitchen features untreated white oak plank floors, a concrete, stainless steel and oak island, and gray, frosted-glass cabinets — along with splashes of color such as orange cabinetry on the island. There's a custom-made Gaggenau freestanding gas stove and a ribbed stainless-steel enclosure that hides a Miele refrigerator and double Gaggenau wall ovens.

The architects added four French windows that open out into a Belgian bluestone terrace that has pullout screens on the columns.

The living room has hand-carved crown molding, chevron-set white oak floors and a carved fireplace mantel from a 19th century French home.

The master bedroom has a big walk-in dressing room with an 18-foot Porro wardrobe system and the master bathroom has teak flooring and woodwork, white Corian double vanities and a gray marble-lined shower.

No expense was spared, as the home was redone without thoughts of a sale anytime soon.

"This was a labor of love, with lots of time, energy and money," Gehan said. "The owners just want us to find a buyer who loves the home as much as they do."


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The Ticker

Registry to hold plate
lottery in new branch

MassDOT Registrar of Motor Vehicles Celia J. Blue announced the annual low number license plate lottery drawing will be held on Sept. 10 from 4:30 p.m. to 6 p.m. at the RMV's soon-to-open branch at 136 Blackstone St. in Boston. The number "351" is included in the drawing this year; it is the number of cities and towns within the commonwealth.

The new branch space features a dedicated E-ZPass Service Customer Center, enhanced privacy during customer transactions and hearings, and consolidated licensing and registration counters.

The Boston Public Market is to be located on the first floor and the RMV will occupy the second and third floors.

Abercrombie's logos coming off

The Abercrombie & Fitch logo has lost the power it once wielded.

Shares of Abercrombie & Fitch Co. tumbled yesterday after reporting weak sales as more teens shop elsewhere. The New Albany, Ohio-based retailer reported that revenue fell 5.8 percent to $890.6 million, short of analyst estimates. Revenue at stores open at least a year dropped a steep 11 percent, including 
8 percent at U.S. stores.

The company is trying to stock trendier clothing — and it turns out that means stripping off the once-prized Abercrombie logo.

It is a major change for the retailer, whose sweatshirts and T-shirts emblazoned with its name long held major cachet with teenagers. Now, individuality is the name of the game.

U.S. economy grew at 4.2 percent rate

After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said yesterday, slightly faster than it had first estimated.

The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half.

Today

L Commerce Department releases personal income and spending for July.

L Biogen Idec announced that Donald R. Johns, M.D., has joined the company as vice president, leading Biogen Idec's amyotrophic lateral sclerosis (ALS) Innovation Hub (ALS iHub). The ALS iHub is a new, cohesive unit dedicated to accelerating the discovery and development of novel therapies for ALS by integrating research with clinical development. Johns has spent more than 30 years researching and developing medicines for patients with neurodegenerative diseases. He has contributed to several successful new drug applications and has 14 patents in his name that are either issued or pending.

Do you have a new hire or promotion to announce? Send items with photos for The Shuffle to bizsmart@bostonherald.com.


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The Ticker

Written By Unknown on Kamis, 28 Agustus 2014 | 16.30

Cape Wind foes file federal appeal in suit

A Cape Cod town and other local opponents of the Cape Wind energy project are seeking another chance to block the long-planned $2.6 billion offshore facility.

The town of Barnstable, the Alliance to Protect Nantucket Sound, local businesses and residents filed a legal brief with the U.S. Court of Appeals in Boston this week seeking to overturn a lower court decision dismissing their lawsuit, which alleged that the state illegally coerced utility Nstar to purchase power from the Cape Wind project.

The plaintiffs argue that U.S. District Court Judge Richard Stearns' ruling in May was "gravely flawed" because it concluded that their lawsuit was barred by the U.S. Constitution's 11th Amendment, which largely shields states from lawsuits in federal court made without their consent.

FBI probes hacking of JPMorgan Chase

The FBI is investigating a hacking attack on
JPMorgan Chase and at least one other bank, according to reports citing unnamed sources familiar with the matter.

A report on Bloomberg.com says the FBI is investigating an incident in which Russian hackers may have retaliated against U.S. government-sponsored sanctions against the country. The attack, Bloomberg says, led to the loss of sensitive data. Bloomberg cited security experts saying that the attack appeared "far beyond the capability of ordinary criminal hackers."

In a statement, JPMorgan spokeswoman Trish Wexler said companies "of our size unfortunately experience cyber attacks nearly every day. We have multiple, layers of defense to counteract any threats and constantly monitor fraud levels." Wexler did not confirm the reports.

The FBI did not immediately respond to messages for comment.

Today

 Labor Department releases weekly jobless claims.

 Commerce Department releases second-quarter gross domestic product.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

 National Association of Realtors releases pending home sales index for July.

TOMORROW

 Commerce Department releases personal income and spending for July.

THE SHUFFLE

Cambridge-based Tokai Pharmaceuticals Inc., a biopharmaceutical company focused on developing novel therapies for prostate cancer and other hormonally-driven diseases, has announced the appointment of Daniel T. Dransfield, Ph.D., as vice president and head of translational medicine. Dransfield, formerly vice president of discovery research and translational medicine at ArQule Inc., brings more than 20 years of drug development and research experience to Tokai.

Do you have a new hire or promotion to announce? Send items with photos for The Shuffle to bizsmart@bostonherald.com.


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Herald’s James DeSalvo promoted

Boston Herald President and Publisher Patrick J. Purcell has announced the promotion of James DeSalvo to vice president of circulation at the newspaper.

"Jimmy is a smart guy who knows the business of circulation very well," Purcell said. "He understands the challenges the newspaper industry faces and has a great ability to think strategically and creatively as we plan for the Herald's long-term future."

DeSalvo, a native of New Jersey, attended Central Connecticut State University.

He began his career in publishing in 1974 and joined the Boston Herald in 1983.

A year later, he was promoted to assistant circulation director.

DeSalvo and his wife, Donna, have two daughters and live in Plymouth.


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Asian stocks post cautious gains, Qantas surges

TOKYO — Asian stock markets were mostly higher Thursday but gains were muted ahead of U.S. economic data and possible policy announcements from Japan.

KEEPING SCORE: The Nikkei 225, the benchmark for the Tokyo Stock Exchange, inched down 0.5 percent to 15,450.42. Hong Kong's Hang Seng added 0.2 percent to 24,965.42. and South Korea's Kospi rose 0.3 percent to 2,080.43 Sydney's S&P/ASX 200 fell 0.5 percent to 5,626.30. Markets in India, Singapore and Indonesia rose.

US OUTLOOK: Revised data on U.S. economic growth for the April-June quarter is scheduled to be released later Thursday. But markets are more interested in employment data due for release the following week.

ANALYST TAKE: Hideyuki Ishiguro, strategist with Okasan Securities Co. in Tokyo, said action was muted in the absence of market-moving news, and players awaited the release of U.S. employment data next week. "Players are also waiting for signs on how long the weak yen might last," he said on NTV news. A weak yen is a plus for Japan's exporters because it raises the value of their overseas earnings.

JAPAN POLITICS: Prime Minister Shinzo Abe is expected to announce his new Cabinet ministers next week, which could signal what's in store for his so-called "Abenomics" policies that have helped Japan's economic revival and stock prices. The policies are believed to have helped the yen weaken and prices to rise in Japan, curbing the negative spiral of deflation.

QANTAS FLIES: Qantas Airways surged 7 percent in Sydney despite reporting a record loss that stemmed from tough domestic competition, a struggling long-haul business and a massive writedown of the value of its fleet. Investors welcomed confirmation it would separate its domestic and troubled international businesses, possibly attracting new investors to the long-haul operation.

WALL STREET: The Standard & Poor's 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000.12 points, a day after its first close above 2,000. The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,122. The Nasdaq composite edged down a point to 4,569. Trading was quiet ahead of the Labor Day holiday weekend in the U.S.

ENERGY, CURRENCIES: Benchmark U.S. crude for October delivery was down 10 cents at $93.78 a barrel in electronic trading on the New York Mercantile Exchange. The euro rose to $1.3215 from $1.3192 late Wednesday. The dollar dropped to 103.77 yen from 103.91 yen.

___

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama


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Boston kiosks to aid permit process for small businesses

Written By Unknown on Rabu, 27 Agustus 2014 | 16.30

Boston is continuing its push to make it easier for small businesses to navigate the city's complex permitting and licensing system by installing digital kiosks at several Hub agencies where owners can find help.

Business owners can use the kiosks to connect within two days to specialists trained to help small businesses with resources and technical assistance, said Mayor Martin J. Walsh, who announced the initiative yesterday.

"I am committed to making sure that small businesses throughout Boston are supported from concept to launch, including the highest level of customer support through the permitting process," Walsh said in a statement. "These kiosks are just one small part of improving the technology behind a better, more user-friendly permitting process."

Jon B. Hurst, president of the Retailers Association of Massachusetts, called the initiative an "important reform."

"Small businesses don't have staff lawyers and can't afford the consultants big businesses use to navigate through government red tape," Hurst said. "Mayor Walsh is on the right track for protecting and promoting Main Street Boston."

Earlier this month the city held a hackathon to reinvent the online permitting process and Walsh also recently announced a streamlined Zoning Board of Appeals process for small businesses.

"These things all are going to add up," said Jim Klocke, executive vice president of the Greater Boston Chamber of Commerce. "The city realizes you have to work on a lot of steps."


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BHA to replace tower’s decrepit elevators

The Boston Housing Authority, after being told by the Herald of repeated complaints about two chronically malfunctioning elevators that have trapped seniors and disabled people living in a 20-story Egleston Square building, said yesterday it would move immediately to replace them at a cost of $1 million.

"I made a decision we would not do bubble-gum and baseball-card repairs anymore and we would replace the whole system," BHA administrator Bill McGonagle said of his call to seek emergency funds to replace the 26-year-old elevators at Walnut Park. "It was the appropriate and prudent decision to make."

Mayor Martin J. Walsh said in a statement that BHA brass assured him the elevator replacements were a top priority. "I'm extremely concerned by the reports of the conditions of elevators at Walnut Park, which is impacting the access of residents to their homes. This is not acceptable," he said.

According to Boston Fire Department records, firefighters have been called 13 times since last year to remove people trapped in Walnut Park's elevators. However, nine of those rescues have been over the past seven weeks, including four from Friday to Monday.

BHA said it would install new elevators after the Herald contacted it about repeated complaints a fed-up James Pardy, 75, phoned in to the mayor's hotline over the past month. Pardy volunteers to take three disabled Walnut Park residents food shopping several times a week.

"This has been going on for years," Pardy said. "It makes them house-bound or they can't get home. They are either trapped in the lobby or trapped in their apartment."

Frank Christmas, 67, acting president of the Walnut Park Tenant Task Force, said many residents can't make it down the stairs. "It is about time they did this," he said. "I know quite a few people who were trapped inside them."

The BHA in a statement said it has ordered its maintenance contractor to inspect the elevators daily until the overhaul is done in about 120 days, adding: "We have every confidence that the elevators can be operated safely pending their replacement."


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Asian stocks mostly higher following S&P record

TOKYO — Global shares were mixed Wednesday after the latest record close for the Standard & Poor's 500, with Europe off to a shaky start despite a strong day in Asia.

KEEPING SCORE: In Europe, Germany's DAX fell 0.2 percent to 9,573.65 and France's CAC-40 slipped 0.2 percent to 4,385.83. Britain's FTSE 100 edged 0.1 percent lower to 6,822.09. Wall Street was set to open higher. Dow and Standard & Poor's 500 futures were each up 0.1 percent. On Monday, the S&P briefly rose past the 2,000-point mark and closed at a second record high in a week.

SPILLOVER: The S&P 500's 0.1 percent gain to a record close of 2,000.02 on Tuesday, supported by strong U.S. consumer confidence data, provided upward momentum for Asian markets ahead of the release of key economic data in Japan later this week.

ANALYST TAKE: Investors remain cautious over the outlook for China and Japan, the world's second and third-largest economies. "There is more noise about weak lending in August, which would mean the second straight month of poor credit expansion" in China, Dariusz Kowalczyk of Credit Agricole said in a research note. "This bodes ill for third-quarter growth, given that government stimulus is directed mainly through infrastructure spending, which is funded by lending."

ASIA'S DAY: Japan's Nikkei 225 closed 0.1 percent higher at 15,534.82 after a choppy day of trading. Hong Kong's Hang Seng fell 0.6 percent to 24,918.75. South Korea's Kospi added 0.3 percent to 2,074.93 and Australia's S&P/ASX 200 rose 0.2 percent to 5,651.20. Benchmarks in mainland China, India, Taiwan and Southeast Asia were higher.

CURRENCIES: The dollar dropped to 103.92 yen from 104.10 yen late Tuesday. The euro rose to $1.3180 from $1.3169.

ENERGY: Benchmark U.S. crude for October delivery was up 23 cents at $94.09 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 51 cents to close at $93.86 on Tuesday.


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The Ticker

Written By Unknown on Selasa, 26 Agustus 2014 | 16.30

Fore River power plant purchased for $530M

Houston-based Calpine Corp. announced yesterday that it has agreed to purchase North Weymouth's Fore River Generating Station and related power plant inventory from Exelon Corp. for $530 million. Built in 2003, the 809 megawatt Fore River power plant features two Mitsubishi 501G combustion turbines, two heat recovery steam generators and one Mitsubishi steam turbine. The plant's dual-fuel capability enables it to run on either natural gas or fuel oil, depending upon market conditions.

Amazon buying Twitch Interactive

Amazon is buying video game streaming platform Twitch Interactive for $970 million in cash as it seeks to expand its presence in gaming.

As video gaming grows into an online spectator sport, gameplay video feeds are becoming increasingly lucrative. Twitch had 55 million unique visitors in July, most of whom went to the Twitch.tv website to watch other people play games — competitions interspersed with advertising.

The deal is the latest example of Amazon expanding into new commercial arenas. It introduced its own smartphone, the Fire, this month. Earlier this summer, it added same-day delivery and a set-top video streaming device to its list of services for members of Prime, its $99 annual loyalty program.

Amazon already has an in-house gaming studio that makes games, and its Fire TV set-top box was designed to attract gamers.

Today

 Commerce Department releases durable goods for July.

 Standard & Poor's releases S&P/Case-Shiller index of home prices for June and the second quarter.

 The Conference Board releases the Consumer Confidence Index for August.

TOMORROW

 Labor Department releases weekly jobless claims.

 Commerce Department releases second-quarter gross domestic product.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

 National Association of Realtors releases pending home sales index for July.

THE SHUFFLE

Biogen Idec announced the appointment of Adriana (Andi) Karaboutis as executive vice president, technology and business solutions, effective Sept. 24. Karaboutis will lead Biogen Idec's information technology operations and advance the company's use of technology and data to enhance overall engagement with patients and healthcare providers. Karaboutis joins Biogen Idec from Dell where she was vice president and chief information officer, with responsibility for the company's overall IT enterprise and customer experience. Her background also includes leadership roles in global IT and business operations at Ford Motor Co. and General Motors.

Do you have a new hire or promotion to announce? Send items and photos for The Shuffle to bizsmart@bostonherald.com.


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Bowman: How to save face when you forget names

Many of us are challenged remembering names perhaps because we are not giving our full attention during introductions — we may be thinking about what we are going to say rather really listening to learn, remember and use a person's name. Even if you are not completely 100 percent positive about someone's name, make an effort. Here are some quick saves:

• Confess! Say, "I am so sorry, I have completely blanked on your name." Said with sincerity, your efforts and this single gesture will be noticed and appreciated. Remember, it is not what you say, but how you say it.

• Ask the mutually respected third party, "What's the name of the gentleman with the pink tie?" You may then knowingly approach and greet by name.

• The "set-up" — The practice of sending over the "mutually respected third parties" to introduce themselves, encouraging your target to respond by saying his or her name. This tactic is frequently used and highly effective. The person who choreographed this "set-up" then confidently approaches the targeted individual.

• Re-introduce yourself. Approach the other person and say your name. In business we should all be conditioned so that when we hear people say their name we respond in kind, saying our name, first and last, slowly and clearly, so this can be understood, remembered and used.

• Ask the pointed question, "What is your name, please?" The person should respond with first and last name. At which point you might say, "Yes, I knew Flynn, but yes, Susan Flynn." Now you have both.

• Ask for the spelling. Be careful here … when they say, "B-R-O-W-N." … OK! … "Exactly the way it sounds!" This happens! Others understand, and appreciate your effort. "Brown" and "Green" are also spelled with an "e," and even Smith sometimes has a "y."

• Say the name of the person you know and allow the other individual to reveal his or her name. (This tactic is a bit tacky, but might work in a pinch.)

• Ask how the person prefers to be addressed. This gives you a name as well as preference. This time, be alert and listen.

• Help others in distress — divulge your full name promptly if someone seems to be struggling, or share another person's name when it is evident that someone may have forgotten it. This is always appreciated and will help you stand apart. And it might make others more inclined to return the favor in times of need.

Judith Bowman is president of her own business consulting firm.


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US credit card late payments down in 2Q

LOS ANGELES — Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-perfect credit.

Credit reporting agency TransUnion says the rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter.

That's the lowest level in at least seven years.

The credit card delinquency rate is down from 1.27 percent in the second-quarter last year. It peaked in the first quarter of 2009 at 3.12 percent.

TransUnion's data set goes back to 2007.

Average card debt per borrower edged up from a year ago to $5,234.

Americans still have a limited appetite for debt after gorging themselves on sub-prime mortgages and credit cards before recession in late 2007.


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Whisky's worries mirror economic fears in Scotland

Written By Unknown on Senin, 25 Agustus 2014 | 16.30

ISLAY, Scotland — Carl Reavey plunged his nose into the glass, inhaled the amber liquid's scent, then sipped. Slowly.

It's said that Scotch tastes of the place where it is made, so Reavey's Bruichladdich Black Art single malt would offer a touch of barley, a splash of the sea, and a whiff of salt from the island of Islay, 140 miles (225 kilometers) west of Glasgow.

That taste takes time — a long time — to produce, with top-rated Scotch aged for decades. And it means distilleries need to have long-term plans for investments and financing — all of which could be thrown into turmoil in a single day, Sept. 18, when Scotland votes on whether to leave Britain.

Whisky makers and many other businesses are worried about the risks involved in finding themselves overnight in a new country with, among other things, a different currency.

"The uncertainty associated with independence, rather than independence itself, really, I think is the concern," Reavey said.

The most contentious issue so far has been what currency an independent Scotland would use. The central government has ruled out sharing the pound, saying British taxpayers shouldn't be forced to underwrite economic and fiscal policies over which they have no control. Pro-independence leader Alex Salmond has refused to offer a plan B, arguing that the stance of the unity advocates is merely a scare tactic.

For many companies, that's not a bluff worth calling.

If Scotland were to take a new currency, businesses would suddenly find themselves in the position of having to pay back loans they took in pounds with new money of uncertain value. The risk is a new currency would be weaker than the pound because it would be based on an economy, Scotland's, which is smaller than the rest of Britain, which includes England, Wales and Northern Ireland.

The currency debate is especially important to Scotland's financial services industry, which accounts for 25 percent of the region's economy, excluding oil and gas. Scotland-based groups such as the Royal Bank of Scotland and Standard Life, which rely on the stability provided by the pound, have warned about the potential risks of independence.

Part of that would come from the fact that an independent Scotland may be forced to drop out of the European Union and have to reapply for membership. The union of 28 countries guarantees free movement of money and people — a precious asset for companies, particularly multinational corporations, as well as exporters.

Nine out of 10 bottles of Scotch are sold overseas for a value of 4.3 billion pounds ($7.1 billion) a year. Being outside the EU would raise the prospect of new export duties to the EU, the world's largest trading bloc with over 500 million people. Many distilleries import grain from EU countries to make whisky, something that could become more expensive. Scotland would also have to take on the job of shielding the drink from unfair trading practices, protect its trademarks and safeguard an estimated 35,000 jobs

The broad-ranging uncertainty is the primary weapon of anti-independence campaigners. The key question for voters — not just business owners — is whether Scots would be economically better off if they severed ties with Britain.

Salmond says Scotland will grow rich from its North Sea oil reserves once it is free of meddling politicians in London who have wasted the country's energy wealth. Salmond wants to funnel a portion of that revenue into a special fund like the one in Norway, which has set aside the equivalent of $883 billion for future generations.

"We're not saying that the day after independence we'll all wake up and find there are three taps in every house - whisky, oil and water. We're not saying that," Salmond told The Associated Press. "We're saying if we work together over a period of time, we can build a more prosperous and a more just society."

Alistair Darling, who leads the Better Together campaign, argues that prosperity is best guaranteed by Scotland remaining an integral part of Britain. Darling, who was British Treasury chief at the onset of the 2008 financial crisis, underscores that North Sea oil production is already declining and future revenue is uncertain. He has portrayed the nationalists as deceptive, arguing for example that a 650-page report explaining the nationalists' plans lacks heft — offering more mentions of the celebrity television show "Strictly Come Dancing" than of the whisky industry.

One independent analysis suggests advocates of secession may have overestimated Scotland's energy windfall.

Some 84 percent of British oil reserves are in Scottish waters, meaning an independent Scotland would receive the lion's share of future tax revenue from those assets. That translates to about 7 billion pounds ($11.6 billion) a year based on government forecasts, according to the London-based National Institute for Economic and Social Research. However, an independent state would lose roughly the same amount in transfer payments that the central British government now sends to Scotland, the institute said in a February report.

With North Sea oil production likely to decline beginning in 2018, Scotland may actually be left with a shortfall that would require it to find new sources of revenue to maintain public spending, according to the report.

Whisky differs from oil in that it is not only a source of money and jobs, but has become one of the most pervasive and recognizable symbols for Scotland internationally.

The drink, which has been distilled in Scotland since at least 1494, was popularized globally by Hollywood after World War II. The promotion of single malt whisky added another dimension to the market, which exploded in terms of sales in the last decade.

"You're buying a very carefully made and complex product," said Charles MacLean, a leading expert on Scotland's whisky industry. "You're buying the blood of one small nation."

The members of the Scotch Whisky Association are clear — they will work with whoever is in power. But who will that be?

"If there's one certainty of this process, (it's) that Scotch whisky will still be made in Scotland whatever happens," said David Williams, the association's spokesman.


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LG bets on pricey OLED technology as future of TVs

SEOUL, South Korea — LG Electronics Inc. announced two new giant OLED TVs with ultra-high definition screens Monday, sticking with its strategy of using the exceptionally expensive OLED display technology.

The South Korean company said it will ship 65-inch OLED TVs starting September in South Korea, Europe and North America. A 77-inch model will hit shelves later this year.

While major TV makers are pushing to make ultra HD TVs mainstream, they use LCD screens. The super-high resolution picture, also known as 4K, packs four times more pixels than regular HD televisions.

Making ultra HD quality TVs with OLED screens remain costly. LG's 65-inch model will cost 12 million won ($11,765). Other types of ultra HD televisions sell for less than $3,000.

OLED features deeper color saturation and a sharper image quality than LCD. But for years, its cost and high production error rate prevented the technology from catching on among mainstream consumers.

LG said it is committed to OLED because the cost will come down and its advanced screen will eventually replace LCD screens. It forecasts that OLED TV sales will overtake LCD TV sales "within a few years."

"OLED is where we must head next after PDP and LCD. It is a matter of time," Ha Hyun-hwoi, head of LG's TV business, told reporters.

LG's aggressive bet on OLED TVs is in contrast with its rival Samsung Electronics Co. After rolling out a 55-inch curved TV that uses an OLED display last year, Samsung has not announced an upgrade to its OLED TV for this year. Samsung uses OLED technology mostly for small devices, such as smartphones and tablet computers.


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Mimicking the airlines, hotels get fee-happy

NEW YORK — Forget bad weather, traffic jams and kids asking, "Are we there yet?" The real headache for many travelers is a quickly-growing list of hotel surcharges, even for items they never use.

Guaranteeing two queen beds or one king bed will cost you, as will checking in early or checking out late. Don't need the in-room safe? You're likely still paying. And the overpriced can of soda may be the least of your issues with the hotel minibar.

Vacationers are finding it harder to anticipate the true cost of their stay, especially because many of these charges vary from hotel to hotel, even within the same chain.

Coming out of the recession, the travel industry grew fee-happy. Car rental companies charged extra for services such as electronic toll collection devices and navigation systems. And airlines gained notoriety for adding fees for checking luggage, picking seats in advance, skipping lines at security and boarding early. Hotel surcharges predate the recession, but recently properties have been catching up to the rest of the industry.

"The airlines have done a really nice job of making hotel fees and surcharges seem reasonable," says Bjorn Hanson, a professor at New York University's hospitality school.

This year, hotels will take in a record $2.25 billion in revenue from such add-ons, 6 percent more than in 2013 and nearly double that of a decade ago, according to a new study released Monday by Hanson. Nearly half of the increase can be attributed to new surcharges and hotels increasing the amounts of existing fees.

Hanson says guests need to be "extra-attentive" to the fine print. Fewer and fewer services come for free.

Need to check out by noon but don't have a flight until after dinner? Hotels once stored luggage as a courtesy. Now, a growing number charge $1 or $2 per bag.

Shipping something to the hotel in advance of your trip? There could be a fee for that too. The Hyatt Regency San Antonio, which subcontracts its business center to FedEx Office, charges $10 to $25 to receive a package, depending on weight.

Some budget hotels charge $1.50 a night for in-room safes.

Convincing a front desk employee to waive a fee at check-out is getting harder. Fees are more established, better disclosed and hotel employees are now trained to politely say no.

"It's the most difficult it's ever been to get a charge removed," Hanson says.

U.S. hotels last year took in $122.2 billion in room revenue, according to travel research company STR. Fees only add an extra 2 percent in revenue, but Hanson notes the majority of that money is pure profit.

Some guests are revolting.

Royce Breckon travels frequently for his job marketing outdoor sporting equipment but refuses to spend the night at any hotel charging for Internet. Charges typically range from $10 to $25 a night.

"You can walk into just about any coffee shop and have it for free," Breckon says.

The American Hotel and Lodging Association says fees are common in the travel business and that its members disclose them at the time of booking.

Hotels first started adding surcharges in 1997, mostly at resorts with expansive pools, tennis courts and fancy gyms. The so-called resort fees paid for staff to set up beach umbrellas and lounge chairs. Three years later, hotels added energy surcharges to cover rising utility bills.

Hotels then refrained from adding any major surcharge for several years. But as airlines and car rental agencies made fees commonplace, hotels started to think up new ones, collecting record amounts in each of the past four years, according to Hanson's research.

Even the in-room minibar — a decades-old splurge — isn't safe from the new wave of add-ons.

At the Liberty Hotel in Boston a cold can of Coke from the minibar costs $5. That's just the base price. The fine print on the menu reveals an 18-percent "administrative fee" to restock the bar.

Elsewhere, the in-room offerings more conspicuous. Jimmy R. Howell was shocked by the W San Diego's efforts to sell him snacks and drinks.

"Usually these extras are kept under lock and key," Howell says. At the W, they were "strewn about" the room, above the bar, on the desk, nightstands and in the bathroom. "It seems like an effort to tempt you."

Even moving an item in the minibar can generate a fee.

The Aria Resort and Casino in Las Vegas, like many other hotels, bills items to guests' rooms if sensors in the minibar note they have been removed for more than 60 seconds — enough time, hotels say, to read the nutritional information and make a decision.

The Aria goes one step further. It also charges a $25 a day "personal use fee" if a guest puts their own soda or bottled water in the minibar. A guest in need of a mini refrigerator can have one delivered to their room — for an extra $35 a night.

Some hotels are bucking the trend. Hyatt's upscale boutique Andaz chain offers complimentary local snacks and non-alcoholic drinks from its minibars.

Hotels are also revisiting resort fees, upping the price, especially at the high-end.

For $650 a night, guests at the St. Regis Bahia Beach Resort — set on a former coconut plantation in Puerto Rico — enjoy rooms with 300-thread-count sheets and walk-in-closets. But that's not the full price. There's a $60 nightly resort charge, which provides for a welcome drink upon check-in, Internet access, the use of beach umbrellas and lounge chairs, bicycles and a daily poolside ritual iced tea service that includes fruit skewers. Guests pay whether they use the services or not.

Other hotels are adding mandatory tips.

The Fairmont Southampton in Bermuda, which was recently charging $469 a night, charges a resort fee and mandatory gratuities for each person in a room. So two adults and two kids sharing a room would incur $48.28 a night in resort fees and $40.80 tips — adding 19 percent to the nightly rate.

And the fees aren't limited to resorts anymore. The Serrano hotel in downtown San Francisco adds on a $20 per night "Urban Fee" that includes Internet, local phone calls, newspapers, morning coffee and use of bicycles.

Perhaps nowhere are hotels pushing fees further than in Las Vegas. Forget resort fees. Those are taken for granted there. Resorts like The Bellagio are learning from airlines and selling enhancements.

Want to skip the notoriously long Las Vegas check-in lines? That will be $30 extra. Want to check-in early? That's another $30. Check-out late? Also $30.

And if you want two queen beds or one king bed, it will cost extra to guarantee your preference. For an extra — you guessed it — $30, the Bellagio will lock in three room preferences such as bed type, requests to be near or far away from the elevators, rooms on a high or low floor or the option to have quieter non-connecting rooms.

Then there was the fee Hank Phillippi Ryan, a mystery writer, faced while in town to sign copies of her new book "Truth Be Told" at a convention. Before heading to the airport, she went to the lobby of the Paris Las Vegas Hotel and Casino to print her boarding pass. There a kiosk offered the service — for $7.95.

"I think I actually yelped," she recalls. "I had never seen that before."

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Scott Mayerowitz can be reached at http://twitter.com/GlobeTrotScott.


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Charter Communications reports Internet outage

Written By Unknown on Minggu, 24 Agustus 2014 | 16.30

STAMFORD, Conn. — Charter Communications Inc. said late Saturday that the company was aware of some customers experiencing Internet outages across its service area.

Charter spokeswoman Kim Haas says the company is working to restore service and says the cause is unknown. She said the issues were "intermittent across parts of our footprint."

Haas said she could not provide any further details.

Social media users posted complaints on the company's Twitter and Facebook pages. The company did not immediately respond on either site.

Numerous calls to the company's customer support number rang busy.

Stamford, Connecticut-based Charter is the fourth largest cable operator in the U.S., according to its website. It also provides phone services and serves customers in 29 states


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Watertown publisher cooks up mag with kid-friendly recipes

Five years ago, cookbook writer Sally Sampson was sick of hearing that the obesity epidemic was being fueled by a culture in which fast food was cheaper to buy than healthy food cooked at home.

So she decided to try a little experiment: She assembled a panel of teenagers and went about making their favorite fast foods.

According to Sampson, her version of a McMuffin had 28 percent fewer calories, 37 percent less fat and 34 percent less sodium. It also cost less than half what it did at McDonald's. Similarly, her version of a Double Whopper had almost 33 percent fewer calories, 38 percent less fat and 35 percent less sodium, and cost less than Burger King's, even when she bought the most expensive beef she could find. The panel's verdict: In both cases, the home-cooked versions were better.

All of which started Sampson thinking: What if she could give kids recipes for tasty, inexpensive, ethnically diverse, doctor-approved foods that they could cook with their families?

In 2010, she founded ChopChop Kids, a Watertown-based not-for-profit and publisher of ChopChop, a quarterly magazine available in English and Spanish and stocked with Sampson's recipes — dishes like "Peanutty Sesame Noodles," "Quesadillas de Huevo," "Monster Smoothies" and "Cauliflower Popcorn" — plus "fun food facts," games, puzzles and interviews with "healthy heroes" ranging from kid chefs to professional athletes to White House chefs.

"My idea was if children were cooking real food from scratch, they'd be eating less junk," Sampson said. "So I approached doctors I knew about the idea of doctors prescribing cooking."

The idea took off. Of the 150,000 copies printed of the first issue, 142,000 had been requested by doctors in 35 states to give to children and their parents during well-child visits, the children's equivalent of a physical.

Today, ChopChop Kids is a finalist in the startup accelerator MassChallenge, and the magazine is endorsed by the American Academy of Pediatrics.

"It's one of the best things out there for children, not just as an antidote to obesity, but as an age-appropriate way to learn the life skill of how to prepare healthy food to eat," said Dr. Barry Zuckerman, ChopChop Kids' chairman of the board and professor of pediatrics at Boston University School of Medicine.

Yvonne Adams of Watertown said that to her 9-year-old son Nathan, "protein" is a bad word, and her 5-year-old son Ari won't happily eat many vegetables.

"But ChopChop makes trying new things fun and exciting," Adams said. "The boys love doing as much of the cooking as they can by themselves. They loved making the zucchini and feta pancakes a while back. ... Of course, anything fruity and sweet is their favorite, and they've loved making the different popsicle recipes, especially since they can do that without any adult even in the room."


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Redesigning for hip tenants

Boston's architecture sector has rebounded with a vengeance after the housing bubble burst in 2008, and one firm — using a unique business model focused on younger, hip tenants — has grown exponentially and continues to pick up big-name projects.

CBT Architects, a Boston-based firm with more than 100 employees, has been named the architect of record for two major redesign projects in the city. It is remodeling The Schrafft Center in Charlestown and retrofitting Center Plaza in Boston for tenants.

"We've been experiencing a fair amount of growth recently, and we've seen an increase in our staff and our workloads recently. We've had a lot of wins," said Haril Pandya, principal at CBT Architects. "We're trying to position ourselves differently than other design firms in the city."

Part of the plan is "unlocking the value" of properties through a "holistic method" that takes the entire structure into consideration, Pandya said. He said it's important to consider savvy, technology-driven tenants when redesigning buildings that had housed very different organizations.

"We knew we really had to do something different if we wanted to bring in these millennial tenants into the fray," he said. "The right thing to do is to re-look at the building altogether. When you look at buildings like Schrafft, they love the brick-and-beam, warehouse look, but how do you make it more relevant?"

The Schrafft buildout could take eight to 10 months, Pandya said. Center Plaza — which could house anything from restaurants to a car showroom — could take one to two years to finish.

"We want that property to be a go-to, and not a go-through, destination," he said.

With the new work, CBT has seen phenomenal growth. Pandya's team has gone from five to 25 architects in the past eight months and has won more than 30 projects during that time.

"We're winning a lot of job projects because I think we're trying to create something new in the design field, and we're working with what the owner sees as value," Pandya said

Hub architecture firms have seen a strong rebound after the housing bubble burst, according to Boston Society of Architects.

"This is a good time. We're coming off of the recession where a lot of firms had to put projects on hold because financing got too tight," said Emily Grandstaff-Rice, president of BSA. "Now that financing has been released, and there's interest in developing, the commercial sector is doing really well.

"Architecture firms are hiring, but everyone is still a little cautious after 2008. Not everyone is ready to jump the gun, but things are certainly getting a lot better. There will be growth in Boston firms."


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