Business briefs.COLUMN: BUSINESS BRIEFS TELEGRAM & GAZETTE Bloomberg Index Central Massachusetts +1.18 179.23 Volume: 40,480,350 Up: 15 Down: 12 Unchanged: 5 Gainer: ViryaNet Ltd. $3.96 +$3.08 (Volume of 76,446 shares) Decliner: Arrhythmia arrhythmia (ārĭth`mēə), disturbance in the rate or rhythm of the heartbeat. Various arrhythmias can be symptoms of serious heart disorders; however, they are usually of no medical significance except in the presence of Research Technology Inc. $27.75 -$0.91 (Volume of 163,400 shares) Noteworthy: 3Com Corp. was raised to "sell" from "strong sell" at Matrix USA. People Prof. gets grant WORCESTER - Anthony Carruthers of Sutton, professor of biochemistry and molecular pharmacology at the University of Massachusetts Medical School UMMS is ranked fourth in primary care education among the nation’s 125 medical schools in the 2006 U.S.News & World Report annual guide, “America’s Best Graduate Schools”. UMMS is also a major center for research. , has been given a Gail Patrick Innovation Award for $100,000 from the American Diabetes Association The American Diabetes Association, or the ADA, is an American health organization providing diabetes research, information and advocacy. Founded in 1940, the American Diabetes Association conducts programs in all 50 states and the District of Columbia, reaching hundreds of Research Foundation, UMass reported. The grant is named in memory of the late Gail Patrick, a movie actress and producer and the first national chairman of the ADA's board of directors. The Carruthers laboratory studies the transport of glucose, a sugar, across membranes, UMass reported in a news release. With the support of the award, Mr. Carruthers will study how protease inhibitors Protease Inhibitors Definition A protease inhibitor is a type of drug that cripples the enzyme protease. An enzyme is a substance that triggers chemical reactions in the body. , which are used to treat HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. , block a particular glucose transporter. The research is notable because patients taking protease inhibitors have been shown to develop insulin resistance and Type 2 diabetes type 2 diabetes n. See diabetes mellitus. , UMass said. In addition to doing research, Mr. Carruthers is dean of the UMass Graduate School of Biomedical Science. Bank president Joseph P. Campanelli has been approved as permanent president and chief executive officer of Sovereign Bancorp and Sovereign Bank. He was also appointed a director of both. Mr. Campanelli was previously vice chairman of Sovereign Bancorp and 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. of the bank's New England division. Sovereign also elected P. Michael Ehlerman nonexecutive chairman of the board of Sovereign and the bank. Sovereign has operations in Central Massachusetts. Local Insurer renamed CHATTANOOGA, Tenn. - UnumProvident Corp., the nation's largest disability insurer, has changed its name to Unum Group to distance itself from a regulatory probe and related restructuring moves. Unum reorganized its claims handling process and divested less profitable businesses outside the United States and the United Kingdom after settling allegations in November 2004 that it improperly denied benefits to customers. "For the most part, that phase of the company is now behind us," Jim Sabourin, a spokesman for Unum said in an interview this week. The name change "recognizes that today we're a different company." The name change awaits approval from the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and officials in Delaware, where the company is incorporated, Sabourin said. UnumProvident has operations in Worcester. Today the company's directors declared a quarterly dividend of 7.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on its common stock, to be paid Feb. 16 to stockholders of record on Jan. 29. (Bloomberg News) ART: PHOTO CUTLINE: Mr. Carruthers |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion