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BUSINESS BRIEFS.

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Telegram & 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 Holdings Inc. $7.90 -$.89 (volume of 3,265 shares)

People

EMC 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 Inc. of Cambridge. Mr. Sagan, 48, joined Akamai in October 1998 and became CEO in 2005. He is a graduate of Northwestern University's Medill School of Journalism.

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)

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 - 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 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 with operations in Worcester, Northboro and Milford. (Bloomberg News)

ART: PHOTO

Mr. Sagan
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Title Annotation:BUSINESS
Publication:Telegram & Gazette (Worcester, MA)
Date:Dec 21, 2007
Words:460
Previous Article:Banks start mortgage relief fund; Program to help New England.
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