Business briefs.COLUMN: BUSINESS BRIEFS TELEGRAM & GAZETTE Bloomberg Index Central Massachusetts -0.95 157.82 Volume: 92,146,544 Up: 7 Down: 15 Unchanged: 7 Gainer: Hanover Insurance Hanover Insurance (formerly NASDAQ: HINS) based in Worcester, Massachusetts is one of the oldest continuous businesses in the United States, still operating within its original industry. Group Inc. $48.90 +$0.97 (Volume of 448,827 shares) Decliner: RXi Pharmaceuticals Corp. $8.01 -$0.99 (Volume of 30,298 shares) People Tympanick named WESTBORO - John W. Tympanick of Plymouth has been named president and chief executive of Hospitality Mutual Insurance Co., a new company serving the hospitality industry. Hospitality Mutual replaces the Liquor Liability Joint Underwriting Association of Massachusetts, an insurer of last resort insurer of last resort An insurance plan that accepts 'uninsurable' persons who have expensive and/or chronic diseases, and cannot obtain coverage at market rates. See Blues. . The new insurer reported in a news release that Mr. Tympanick was previously president and chief financial officer of the Liquor Liability Joint Underwriting Association. Mr. Tympanick is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. with a bachelor's degree from Merrimack College Merrimack College is a small private, liberal arts, Catholic college in North Andover, Massachusetts, located on Route 114. It was founded in 1947 by Augustinians. Approximately 2,100 full-time and 300 evening students from more than 26 states and 17 countries are enrolled at in North Andover North Andover (ăn`dōvər), town (1990 pop. 22,792), Essex co., NE Mass., on the Merrimack River, in a dairy and farm area; settled c.1644, set off from Andover and inc. 1855. and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. from Bentley College Bentley College is located at 175 Forest Street in Waltham, Massachusetts, 10 miles west of Boston. Founded as a school of accounting and finance in Boston's Back Bay neighborhood, Bentley moved to Waltham in 1968 and today is ranked 31 on Business Week's top 100 undergrad in Waltham. Local Home sales fall Home sales and prices in Massachusetts fell again in August, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. two groups that track sales. A total of 4,376 single-family homes sold in August, down 14.6 percent from the same month last year, according to The Warren Group, publisher of Banker & Tradesman. The Warren Group said the median price of a home dropped 9 percent over the year to $323,000. Separately, the Massachusetts Association of Realtors reported that 4,029 homes sold in August, a 14.3 percent drop from August 2007, and that the median selling price was down 9 percent to $325,000. The two groups use different methods to calculate sales and prices. "Even though the 9 percent price decline is modestly better than the steep price drop the state experienced in July, we haven't seen anything that will lead us to believe that prices will level off before next spring," Timothy Warren Jr., chief executive of The Warren Group, said in a news release. Both groups reported that condominium sales fell in the state but that median selling prices were essentially flat. The Warren Group reported that 2,302 condos sold in August, down 22.4 percent over the same time last year, and that median prices rose 1 percent to $295,000. The Realtors reported that 1,806 condo sales were down 19.2 percent over the year and that the median selling price rose 0.4 percent to $292,450. Staples Challenge FRAMINGHAM - Staples Inc. has launched an initiative in Canada to collect 1 million used ink and toner cartridges at its stores by Earth Day, April 22, 2009, the company reported yesterday. The effort is called the Million Cartridge Challenge, and Staples reported it will collect the used cartridges at its Canadian stores Grocery Stores
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