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Business briefs.

COLUMN: BUSINESS BRIEFS

TELEGRAM & GAZETTE

Bloomberg Index

Central Massachusetts

-0.70

172.81

Volume: 51,607,465

Up: 12

Down: 11

Unchanged: 6

Gainer: Staples Inc. $25.18 +.41 (volume of 12 million shares)

Decliner: Waters Corp. $68.61 -$.67 (volume of 1.06 million shares)

People

Gleason new CEO

WESTBORO - RedTail Solutions Inc., a provider of managed electronic data interchange and global data synchronization services for midmarket suppliers in the retail supply chain, announced that Robert Gleason has been named the company's new president and chief executive officer.

Mr. Gleason, 57, of Charlestown, assumes the reins from Patricia Meisner, who co-founded the company in 2001.

Mr. Gleason, who most recently was the founder and chief executive officer of Riverton Software and Riverton LLC, a software tools company and Internet professional services firm, respectively, has held a variety of management positions in entrepreneurial high-tech businesses.

He holds a bachelor's degree in civil engineering from Brown University and a master's degree in business administration from Harvard Business School.

Local

Mall store closing

LEOMINSTER - Steve & Barry's, a chain of low-priced clothing stores that features casual sportswear and fashion lines from celebrities such as Sarah Jessica Parker, plans to close its Leominster store at The Mall at Whitney Field.

The Port Washington, N.Y.-based retailer was recently acquired out of bankruptcy by BH S&B Holdings, an affiliate of investment firms Bay Harbour Management and York Capital Management.

The chain plans to slash its number of stores to about 170 from 276, including five Massachusetts stores.

Stores in Danvers, Taunton and Agawam are expected to remain open, according to an email from a company public relations representative. (Lisa Eckelbecker)

Bank branch opens

WORCESTER - Fidelity Bank celebrated the grand opening of a branch office at 465 Shrewsbury St. yesterday. The Leominster-based bank said the new location has a drive-up automated teller machine, a walk-up ATM and two drive-up tellers.

The lobby hours are 8:30 a.m. to 6 p.m. Monday through Wednesday, and 8:30 a.m. to 7 p.m. Thursday and Friday. On Saturday the lobby is open from 8 a.m. to 2 p.m. The building also has a LifeDesign Center, where educational and financial seminars will be held.

Dividend approved

ATHOL - The board of directors at the L.S. Starrett Co. voted yesterday to approve a quarterly dividend of 12 cents per share for both class A and class B common stock. The dividend is payable Sept. 26 to stockholders of record on Sept. 15.

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CUTLINE: Mr. Gleason
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Title Annotation:BUSINESS
Publication:Telegram & Gazette (Worcester, MA)
Date:Sep 4, 2008
Words:429
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