Boston Business Journal articles from June 1991

Boston Business Journal archives from June 1991

Argosy Asset Management. (Banking/Finance)
June 10, 1991... A union between Argosy Asset Management and Aberdeen Trust PLC of Scotland has been proposed. The merger is designed to expand investment product lines to include U.S. specialist equity funds, European income and equity funds, a U.K. growth fund,...

Ripe for the big time. (Olive Jar Animation's move toward cell animation in its commitment to commercial work) (Company Profile)
June 17, 1991... Breakfast is boring, according to Susie, a little girl trapped in a breakfast cereal commercial. It's boring, that is, until the giant cartoon character "Mr. Calamari" leaps up to pour Susie some wiggly squid-legs cereal in the commercial...

Developers promise to oil city's Hinge Block. (Boston Redevelopment Authority's efforts to develop downtown Boston block)
June 17, 1991... For a time during the heady days of the 1980s, it seemed the long-awaited transformation of the Combat Zone adult entertainment area into the ambitious Midtown Cultural District was imminent. Armed with upscale projects such as Commonwealth...

Bee and Zee Taxi. (Incorporations)
June 17, 1991... BEE AND ZEE TAXI, 32 Cedar St., Boston. Taxi service. Pres: Zewdu Mulugeta, 24 Scott Rd., Brockton 02402. Treas: Birtuka Amakelew, same as pres.

IP2: Chiofaro's epic crapshoot. (International Place's second tower to be topped-off by developer Donald Chiofaro)
June 24, 1991... Ten years after beginning his visionary crusade to bring Boston's financial district to the edge of the sea, International Place developer Donald Chiofaro marks a milestone this week with a topping-off ceremony for the second of the project's two...

Ground Round a tasty spinoff. (Ground Round Restaurants, Inc. to spin off its restaurant business and tuna and shrimp operations)
June 24, 1991... The parent company of the Braintree-based Ground Round restaurants plans to spin off its restaurant business and the company's money-losing tuna and shrimp operations into two separate, publicly traded companies. GR Foods, the Woodbridge,...

New prez primes profit pump at aerosol bottler. (Scott Angus McCaig, president of Pharmasol Corp.) (company profile)
June 24, 1991... So you think you have a boss with a little extra energy? Tell that to the people who work for Scott Angus McCaig, president of Pharmasol Corp., a modest Easton company that specializes in filling small aerosol bottles and cans. At 36, the...

Wang Laboratories. (to sell computers produced by rival International Business Machines)
June 24, 1991... Wang Laboratories announced last week that it will forego most of its own computer manufacturing and instead sell models produced by rival International Business Machines. It will also concentrate on building its own software market. The former...

Wilmington Ford. (fined $415,000 for use of illegal sales tactics)
June 24, 1991... Wilmington Ford agreed to pay a $415,000 fine--one of the largest recovered under Massachusetts consumer protection laws--after admitting the company continued to use a variety of illegal sales tactics even after a court order in 1988 forbade it...

Lotus Development Corp. (agrees to out-of-court settlement with Santa Cruz Operations)
June 24, 1991... Lotus Development Corp. reached an out-of-court settlement agreement with Santa Cruz Operations in which the California computer company will pull its copycat 1-2-3 spreadsheet from the market and recommend Lotus' product to its customers.

Raytheon. (sells Lacroix & Kress GmbH to Alcatel Cable)
June 24, 1991... Lexington-based Raytheon sold one of its German subsidiaries, Lacroix & Kress GmbH, to Alcatel Cable of France, in an effort to downsize operations. In 1990, the division's sales reached $56 million.

CBS. (chairman Lawrence Tisch and other family members sell 355,000 shares of Bank of Boston stock)
June 24, 1991... CBS chairman Lawrence Tisch, his brother and other family members sold 355,000 shares of Bank of Boston stock, reducing their holdings to 6.8 percent.

Digital Equipment. (to sell its mid-range systems in Poland)
June 24, 1991... Thanks to relaxed computer export controls, companies in Massachusetts are eyeing Eastern Europe for expanded sales. Digital Equipment, which already has operations in Czechoslovakia and Hungary, plans on steaming into Poland with its mid-range...

"Forgotten" mutual fund comes into its own. (U.S. Boston Growth and Income Fund)
June 24, 1991... In mutual funds, as in life, good things do come in small packages. But it's easy to lose track of a small fund in a world of financial Brobdingnagians. Such is the case with the diminutive, Lincoln-based U.S. Boston Growth and Income Fund, a...

Sets up network. (Blue Cross and Blue Shield set up 3 national networks for liver, heart and bone marrow transplants)
June 24, 1991... As part of what appears to be a growing trend, the Blue Cross and Blue Shield system has announced formation of three national networks for liver, heart and bone marrow transplant operations. The networks--made up of 63 medical institutions in 25...

Suit dropped. (Richard Goldberg, owner of Park 'N Fly, drops lawsuit against state officials)
June 24, 1991... An East Boston parking lot owner has dropped a lawsuit against state officials who want his property as part of the Central Artery/Third Harbor Tunnel project. Richard Goldberg, owner of the Park 'N Fly, will move to a slightly smaller...

FCC ruling broadens airing of cable profits. (Federal Communications Commission's stand on cable fees)
June 24, 1991... At least 20 Bay State communities will be able to regulate their basic cable fees under a recent Federal Communications Commission (FCC) ruling. While the ruling will apply only to small, rural communities with fewer than six local broadcast...

Bay State benefits from more neighborly trade. (Massachusetts trade increased as a result of the United States-Canada Free Trade Agreement)
June 24, 1991... Canada--Massachusetts' largest trading partner--has become an even more inviting destination since the Free Trade Agreement (FTA) between Canada and the United States took effect in 1989. And while Canadian representatives here are more...

Bytex Corp. (proxy report excerpts) (company profile)
June 24, 1991... THE BUSINESS Headquarters: Southborough Stock Symbol: BYTX Market: NASDAQ Annual Revenues: $44,113,000 Net Income: ...

Artel Communications Corp. (new pres. and CEO)(High Technology)
June 24, 1991... Artel Communications Corp. named Andrew Knowles president and chief operating officer. Knowles is a 14-year veteran and former vice president of Digital Equipment Corp. Artel develops general purpose communications platforms for standards-based...

Kirk Campbell. (High Technology)
June 24, 1991... Kirk Campbell was appointed president and CEO of International Data Corp., a research and consulting firm studying information technology. Campbell has worked in the computer industry for eight years. Campbell succeeds Axel Leblois, the new...

Vince Kelly. (High Technology)
June 24, 1991... Vince Kelly was appointed president and chief executive officer of Occam Research Corp. He was recently executive vice president/sales and marketing at Corporate Software. Occam develops and markets software for personal computers.

The Selig Group. (Advertising/Communications)
June 24, 1991... The Selig Group, a marketing communications firm, was selected by Mitch Hall Associates to promote MACWORLD Expo, the world's largest show featuring Macintosh products, services and peripherals for trade and consumers. The show is held in New...

Amos A. Phelps Insurance Agency. (Advertising/Communications)
June 24, 1991... Amos A. Phelps Insurance Agency of Rockland selected Paulding & Associates, a marketing communications firm of Norwell, as its agency of record. Phelps, founded in 1896, provides auto, home, personal and business insurance.

Affiliated Banc Corp. (Banking/Finance)
June 24, 1991... Affiliated Banc Corp.'s subsidiary Vanguard Savings Bank has entered into a consent agreement with the FDIC calling for corrective measures to improve operations and capital condition. The bank has agreed to provide the FDIC with a capital plan...

Stanhome. (Dividends)
June 24, 1991... Stanhome declared a quarterly dividend of $0.23 cents per share, payable July 1 to shareholders of record on June 18. Stanhome has paid dividends for 56 consecutive years.

Regional Bancorp. (Dividends)
June 24, 1991... The board of directors of Regional Bancorp announced a quarterly cash dividend on its outstanding common stock of $0.15 per share, payable July 15 to shareholders of record as of June 14. Regional Bancorp is the holding company for Medford...

Peoples Bancorp Worcester. (Dividends)
June 24, 1991... Peoples Bancorp Worcester declared a regular quarterly dividend of $0.31 per share on the company's common stock, payable on or about July 25 to shareholders of record on July 2.

Raytheon Co. (Manufacturing/Retail)
June 24, 1991... Raytheon Co.'s United Engineers & Constructors subsidiary has won a clean-air contract from the New York State Electric & Gas Corp. It will provide technical support for the development of alternative approaches to reduce sulfur dioxide and...

Winchester-Auburn Mills. (Manufacturing/Retail)
June 24, 1991... Winchester-Auburn Mills, a manufacturer of braided cord, rope, twines and extruded plastic products, recently purchased all of the braiding equipment of Shuford Mills of North Carolina. Winchester-Auburn is doubling the size of its Woburn...

Spire Corp. (Manufacturing/Retail)
June 24, 1991... Spire Corp. and Osteonics Corp., an orthopedic manufacturer, signed an agreement in which Spire will treat bearing surfaces on Osteonics' entire line of cobalt chrome artificial hips and knees. Spire's ion implantation process for cobalt chromium...

The Colonial Group. (Services/Education)
June 24, 1991... The Colonial Group appointed Garber Travel as its official travel agency. Garber's downtown business travel center at 1 Province St. will handle the $1 million account.

Brixton Systems. (Services/Education)
June 24, 1991... Brixton Systems hired Barrett Design of Cambridge to design its new logo and identity system. Barrett Design has already created ads for the Cambridge-based Brixton. Barrett Design has just completed software packaging and a user's guide for...

The Raymond Group. (Advertising/Communications)
June 24, 1991... The Raymond Group, primary developer of the Charlestown Navy Yard, chose MacDonald Boyd White as its advertising agency. The agency is charged with promoting the Navy Yard as both a world-class research center and an upscale residential...

Before You Move. (Incorporations)
June 24, 1991... BEFORE YOU MOVE, 129 Harvard St., Brookline 02146. Movers. Pres. and treas: William Haylon, 14 Ingersoll Rd., Wellesley 02181.

Community Development for Better Living Worker's Cooperative. (Incorporations)
June 24, 1991... COMMUNITY DEVELOPMENT FOR BETTER LIVING WORKER'S COOPERATIVE, 14 Millmont St., Roxbury 02119. Affordable housing management. Pres: Mark Higginbottom, same as bus. Treas: Edward Sullivan, 44 Linwood St., Roxbury 02119.

Energy-Tech Systems. (Incorporations)
June 24, 1991... ENERGY-TECH SYSTEMS, 147 Center St., Boston 02119. Energy management. Pres: Robert Royster, 65 Deborah Rd., Newton 02159. Treas: William West, 144 Calumet St., Boston 02120.

Lower Mills Consultants. (Incorporations)
June 24, 1991... LOWER MILLS CONSULTANTS, 1137 Washington St., Dorchester 02124. Consultants. Pres. and treas: Mark O'Leary, 11 Ball St., North Dartmouth 02747.

W.J. Buckley Construction. (Incorporations)
June 24, 1991... W.J. BUCKLEY CONSTRUCTION, 30 Mercer St., S. Boston 02127. Renovation and real estate. Pres. and treas: Bridget Buckley, same as bus.

Advanced Mobilecomm of Wisconsin. (Incorporations)
June 24, 1991... ADVANCED MOBILECOMM OF WISCONSIN, 82 Devonshire St., Boston 02109. Communications business. Pres: George Hertz, address unknown. Treas: William Flaherty, address unknown.

Atwood & Cooke Co. (Incorporations)
June 24, 1991... ATWOOD & COOKE CO., 45 Broad St., Boston 02109. Food distribution. Pres: Stephen Barnes, same as bus. Treas: Richard Baker, same as bus.

Charles N. Tate & Associates. (Incorporations)
June 24, 1991... CHARLES N. TATE & ASSOCIATES, Statler Building, 20 Park Plaza, Boston. Security and bill collection. Pres. and treas: Charles Tate, 61 Chestnut St., Boston 02108.

Cuneo, Conrad, Robinson, Wilgus Inc. (Incorporations )
June 24, 1991... CUNEO, CONRAD, ROBINSON, WILGUS INC., 393 Commonwealth Ave., Boston 02115. Advertising agency. Pres: John Cuneo, same as bus. Treas: Thomas Robinson, same as bus.

Danvers-Days Hotel Corp. (Incorporations)
June 24, 1991... DANVERS-DAYS HOTEL CORP., 28 State St., Boston 02109. Real estate. Pres: Robert Crawford Jr., same as bus. Treas: Charles Baltuskonis, same as bus.

Direct Solutions. (Incorporations)
June 24, 1991... DIRECT SOLUTIONS, c/o Charles Kazarian, 77 N. Washington St., 9th Fl., Boston 02114. Direct mail marketing. Pres: Steven Dana, 101 Gayland Rd., Needham 02192. Treas: Charles Kazarian, 77 N. Washington St., 7th Fl., Boston 02114.

FPA Newco. (Incorporations)
June 24, 1991... FPA NEWCO, c/o United Asset Management Corp., 1 International Place, Boston 02110. Investment advisory business. Pres: Norton Reamer, same as bus. Treas: William Park, same as bus.

The Hampton Hotel Corp. (Incorporations)
June 24, 1991... THE HAMPTON HOTEL CORP., 28 State St., Boston 02109. Real estate. Pres: Robert Crawford Jr., same as bus. Treas: Charles Baltuskonis, same as bus.

Newc Inc. (Incorporations)
June 24, 1991... NEWC INC., 250 Everett St., Brighton 02135. Human resources consulting. Pres. and treas: Gail Mullare, 152 Colony Dr., Hanover 02339.

New Jack Crew Management Production. (Incorporations )
June 24, 1991... NEW JACK CREW MANAGEMENT PRODUCTION, P.O. Box 314, Boston 02130. Management for artists. Pres. and treas: James Johnson, same as bus.

North American Entertainment Corp. (Incorporations)
June 24, 1991... NORTH AMERICAN ENTERTAINMENT CORP., 304 Newbury St., P.O. Box 246, Boston 02115. Promotion for artists. Pres. and treas: Cornell Brown, same as bus.

Olleke Bolleke Knoll Inc. (Incorporations)
June 24, 1991... OLLEKE BOLLEKE KNOLL INC., 40 Rowes Wharf, Boston 02110. Real estate investment. Pres. and treas: Eyk van Otterloo, 313 Ocean Ave., Marblehead 01945.

Salem-One Hotel Corp. (Incorporations)
June 24, 1991... SALEM-ONE HOTEL CORP., 28 State St., Boston 02109. Real estate. Pres: Robert Crawford Jr., same as bus. Treas: Charles Baltuskonis, same as bus.

Bike Riders Inc. (Incorporations)
June 24, 1991... BIKE RIDERS INC., 124 Fulton St., Boston 02109. Bicycle trips. Pres. and treas: Eileen Holland, same as bus.

Fox of Boylston Corp. (Incorporations)
June 24, 1991... FOX OF BOYLSTON CORP., 101 Summer St., Boston 02210. Legal assignee. Pres. and treas: Robert Fox, address unknown.

Hugh's Energy Corp. (Incorporations)
June 24, 1991... HUGH'S ENERGY CORP., 100 Spring St., Unit E, W. Roxbury 02132. General contractor. Pres. and treas: Daniel Hughes, 34 Sanderson Ave., Dedham 02026.

Nader Diamond Imports. (Incorporations)
June 24, 1991... NADER DIAMOND IMPORTS, 44 Winter St., Boston 02108. Retail and wholesale. Pres. and treas: Nader Rashidi, 5 Ledgewood Way, Unit 22, Peabody 01960.

Oceans III Ltd. (Incorporations)
June 24, 1991... OCEANS III LTD., 280 Beacon St., #35, Boston 02116. International consulting services. Pres. and treas: Robert Briscoe, same as bus.

Viking Brewing Supply Corp. (Incorporations)
June 24, 1991... VIKING BREWING SUPPLY CORP., 167 Milk St., Suite 400, Boston 02109. Manufacturer. Pres: Lawrence McCarthy, 57 Birchwood St., W. Roxbury 02132. Treas: John Brennan III, 148 Sherman Rd., Chestnut Hill 02167.

Aperire Ltd. (Incorporations)
June 24, 1991... APERIRE LTD., c/o Peabody and Arnold, 50 Rowes Wharf, Boston 02110 Attn: Thomas Wooters. Developers and sellers of products and services. Pres. and treas: Sheldon Apsell, 11 Lancaster Rd., Newton 02145.

Gillette Cab. (Incorporations)
June 24, 1991... GILLETTE CAB, c/o Kline, Gordon and Ginn, 40 Broad St., Boston 02109. Transportation and real estate. Pres. and treas: Michel Vert, 10 Needham Ave., Dedham 02026.

L St. Liquor Co. (Incorporations)
June 24, 1991... L ST. LIQUOR CO., 194 L St., S. Boston 02127. Retail. Pres: Pat Casey, 19 Rossenland Rd., Dorchester 02122. Treas: Michael O'Callaghan, 16 Frazier St., Dorchester 02124.

New England Utility Consultants. (Incorporations)
June 24, 1991... NEW ENGLAND UTILITY CONSULTANTS, 167 Milk St., Suite 192, Boston 02109. Consulting. Pres. and treas: R. Joseph Wang, P.O. Box 3502, Boston 02101.

Allen Bailey Tag and Label of Massachusetts. (Incorporations)
June 24, 1991... ALLEN BAILEY TAG AND LABEL OF MASSACHUSETTS, 84 State St., Boston 02106. General mercantile, industrial, trading business. Pres: Calvin Graziano, 28 Brickston Dr., Pittsford, N.Y. 14534. Treas: David Beardsleyl, 30 Cooney Rd., Caledonia, N.Y....

The Dry Cleaning Store. (Incorporations)
June 24, 1991... THE DRY CLEANING STORE, 374 Boylston St., Boston 02146. Dry cleaner. Pres: Michael Campbell, 518 Centre St., Milton 02186. Treas: Robert Tobin, 80 Deborah Rd., Newton 02159.

Global Industries International. (Incorporations)
June 24, 1991... GLOBAL INDUSTRIES INTERNATIONAL, 65 Harrison Ave., Suite 408, Boston 02111. Import/export. Pres: Chau-Ming Lee, 17 Sunset Dr., Randolph 02368. Treas: Eleanor Lee, same as pres.

A-Z Service Center. (Incorporations)
June 24, 1991... A-Z SERVICE CENTER, 24 Shetland St., Roxbury 02119. Car repair and service station. Pres. and treas: Steven Romano, 178 South St., Quincy 02169.

Adams Environmental Safety and Resources. (Incorporations)
June 24, 1991... ADAMS ENVIRONMENTAL SAFETY AND RESOURCES, 28 Marshal St., Brookline 02146. Environmental risk management. Pres. and treas: Thomas Galvin, same as bus.

International Health Products. (Incorporations)
June 24, 1991... INTERNATIONAL HEALTH PRODUCTS, 561 Boylston St., Boston 02116. Health care product sales. Pres: Jon Rotenberg, 476 Heath St., Chestnut Hill 02167. Treas: Amhed Mohiudin, 21 Colonial Way, Weston 02193.

K and K Drywall. (Incorporations)
June 24, 1991... K AND K DRYWALL, Box 1569, Boston 02104-1569. Construction. Pres. and treas: William Kelly, 302 Forrest St., Pembroke 02359.

MacArthur Street Development. (Incorporations)
June 24, 1991... MACARTHUR STREET DEVELOPMENT, 100 Federal St., Boston. Real estate. Pres: Thomas Hollister, 17 Cavanaugh Rd., Wellesley 02181. Treas: Kenneth Hamberg, 6 Shirley Rd., Wellesley 02181.

Masrich Trading. (Incorporations)
June 24, 1991... MASRICH TRADING, 107 Munroe St., Roxbury 02119. Trading Pres: Masah Beysolow, same as bus. Treas: Richard Parker, same as bus.

Research Investments Advisors Ltd. (Incorporations)
June 24, 1991... RESEARCH INVESTMENTS ADVISORS LTD., 10 Commercial Wharf, Suite 503, Boston 02107. Investment advisers. Pres. and treas: Hal Shear, same as bus.

Solardyne. (Incorporations)
June 24, 1991... SOLARDYNE, 158 West 3rd St., Boston 02127. Photovoltaic technology. Pres. and treas: Robert Nourgian, same as bus.

Traveler Taxi. (Incorporations)
June 24, 1991... TRAVELER TAXI, 865 American Legion Hwy., Apt. 2L, Roslindale 02131. Taxi service. Pres. and treas: Aleksander Solovyov, same as bus.

Boston Health Management Center. (Incorporations)
June 24, 1991... BOSTON HEALTH MANAGEMENT CENTER, c/o Susan Adam, Brigham and Women's Hospital, 75 Francis St., Boston. Health delivery systems. Pres: Susan Adam, 56A Eliot St., Jamaica Plain 02130. Treas: Elaine Eraklis, 144 Marlborough St., Boston 02116.

C-Stor. (Incorporations)
June 24, 1991... C-STOR, 545 Boylston St., Suite 1403, Boston 02116. Computer hardware and software sales. Pres. and treas: Lynda Dialo, 255 Massachusetts Ave., #518, Boston 02115.

Great Island Co. (Incorporations)
June 24, 1991... GREAT ISLAND CO., 145 Pickney St., Boston 02114. Real estate. Pres: Charles Irving III, same as bus. Treas: Bernard Devine Jr., same as bus.

Lincoln Surgical. (Incorporations)
June 24, 1991... LINCOLN SURGICAL, 50 Congress St., Suite 225, Boston 02109. Home health care products. Pres: Karen Blum, 28 Lenox St., W. Newton 02165. Treas: Daniel Metzler, 1 Alden St., Hull 02045.

Nurse Communications. (Incorporations)
June 24, 1991... NURSE COMMUNICATIONS, 25 Brookledge St., Dorchester 02121. Business consultation. Pres. and treas: Karl Nurse, same as bus.

Plage Revere Realty Corp. (Incorporations)
June 24, 1991... PLAGE REVERE REALTY CORP., c/o Foley, Hoag & Eliot, 1 Post Office Sq., Boston 02109. Real estate. Pres. and treas: M. Michel Wetterwald, 20 Rue de la Paix, Paris, France.

Stamford Hotel Corp. (Incorporations)
June 24, 1991... STAMFORD HOTEL CORP., 28 State St., Boston 02109. Real estate. Pres: Robert Crawford Jr., same as bus. Treas: Charles Baltuskonis, same as bus.

Spin-offs take off as law firms diversify. (Law in the Nineties)
June 24, 1991... Spin-offs are more closely associated with popular television programs than with the legal profession, yet a growing number of Boston law offices claim spin-off businesses in their professional portfolios. These law-firm offspring are said to be...