BUSINESS BRIEFS.COLUMN: BUSINESS BRIEFSTelegram & Gazette Bloomberg Index Central Massachusetts +1.04 191.99 Volume: 57,314,240 Up: 15 Down: 8 Unchanged: 6 Gainer: Sepracor Inc. $25.85 +$.85 (volume of 2.15 million shares) Decliner: PSB PSB Pet Shop Boys (band) PSB Public Service Broadcasting (radio and television) PSB Public Service Board (Vermont) PSB Public Security Bureau (China) Holdings Inc. $7.90 -$.89 (volume of 3,265 shares) People EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. picks Sagan HOPKINTON - EMC Corp. has named Paul Sagan to its board of directors. Mr. Sagan is president and chief executive officer of Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. Inc. of Cambridge. Mr. Sagan, 48, joined Akamai in October 1998 and became CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in 2005. He is a graduate of Northwestern University's Medill School of Journalism Northwestern University's Medill School of Journalism (often just called Medill) is one of the premier journalism, integrated marketing, and media schools in the United States. . Jobless rate steady BOSTON - The unemployment rate in Massachusetts held steady in November at 4.3 percent, remaining at the lowest level in six years. The identical jobless rate posted both last month and in October is down from 4.4 percent in September. The state last achieved unemployment of 4.3 percent in October 2001, as a recession was setting in. The state's unemployment rate remains below the nation's, which stood at 4.7 percent last month. The unemployment rate is based on a survey of households that found a 6,100-person increase in employed residents from the previous month, and a 1,400-increase in those without jobs. Those changes weren't big enough to shift the unemployment rate. A separate survey of employers recorded a gain of 6,700 jobs in November. The increase nearly offset a 7,500-person job loss in October. (Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. ) Fallon expands WORCESTER - Fallon Community Health Plan said it has added Mount Auburn Hospital in Cambridge and its 375 providers to its network of hospitals and doctors. The agreement permits the health plan's Direct Care members to utilize the 191-bed hospital and its physicians. TJX settlement FRAMINGHAM - TJX Cos., the owner of the Marshalls and T.J. Maxx discount chains, said that 95 percent of U.S. Visa issuers accepted a settlement over potential claims related to hackers breaking into the company's computers earlier this year. At least 80 percent of those Visa account users affected needed to approve the deal, the company said in a statement. (Bloomberg News) St. Gobain deal PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. - Dalhoff Larsen & Horneman A/S, Denmark's biggest timber company, rose the most in more than 13 years in Copenhagen trading after selling its building materials unit to Compagnie de Saint-Gobain. DLH DLH Deutsche Lufthansa (German passenger and cargo airlines.) DLH Domestic Long Hair (cat) DLH Direct Labor Hours DLH Duluth, MN, USA - Duluth International Airport (Airport Code) sold the unit, which is Denmark's third-biggest wood retailer, for $162 million to focus on its international timber trade, the Taastrup-based company said in a statement. DLH will book a 600 million-kroner gain on the sale in 2008 and will use the proceeds for acquisitions in new and current markets. Saint-Gobain is the world's largest glassmaker glass·mak·er n. One that makes glass. glass  mak ing n. with operations in Worcester, Northboro
and Milford. (Bloomberg News)
ART: PHOTO Mr. Sagan |
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