Boston Business Journal articles from October 1991, page 2

Boston Business Journal archives from October 1991

Rourke & Co. (Advertising/Communications)
October 21, 1991... Rourke & Co., a Danvers-based high technology public relations firm, will represent Leaf Systems as its public relations counsel. Leaf Systems designs and markets MacIntosh-based film scanners.

Cone Communications. (Advertising/Communications)
October 21, 1991... Boston's Cone Communications was recently hired by The Sporting News of St. Louis to execute a marketing communications program for the publication's round table on academic reform in athletics. Planning and media relations for the event will...

Bank of Boston. (Banking/Finance)
October 21, 1991... Bank of Boston was appointed exchange agent for AT&T's $7.4 billion merger with NCR Corp. The transaction closed on Sept. 19. The reorganization will be handled by the securities department of Bank of Boston's Global Banking Group.

Reebok International. (Dividends)
October 21, 1991... Reebok International in Stoughton declared a regular quarterly cash dividend of 8 cents per share on its common stock, payable on Jan. 3 to stockholders of record as of Dec. 13. The company's operating units include AVIA, Boston Whaler, Reebok...

Augat Inc. (Dividends)
October 21, 1991... Augat Inc. in Mansfield declared a quarterly dividend of 10 cents per share on the company's common stock, payable on Oct. 31 to shareholders of record as of Oct. 10.

Cape Cod Bank and Trust Co. (Dividends)
October 21, 1991... Cape Cod Bank and Trust Co. in Hyannis declared a regular quarterly dividend of 25 cents per share of common stock, payable on Oct. 18 to stockholders of record as of Oct. 4.

Grove Bank. (Dividends)
October 21, 1991... Grove Bank in Brookline declared a cash dividend of 5 cents per share on the 1,470,417 shares outstanding. The dividend is payable on Oct. 18 to shareholders of record as of Oct. 4.

Raytheon Co. (High Technology)
October 21, 1991... The U.S. Army Missile Command awarded a total of $115 million in contracts to Raytheon Co. of Lexington to implement comprehensive upgrades to the Patriot missile system. Raytheon is the primary contractor of the Patriot air defense missile...

Summit Technology. (High Technology)
October 21, 1991... Summit Technology of Waltham has signed an agreement with 3M Australia naming 3M the exclusive distributor of Summit's products in Australia and New Zealand. Summit Technology designs, manufactures and markets ophthalmic excimer lasers.

J. Baker. (Manufacturing/Retail)
October 21, 1991... J. Baker of Hyde Park completed its purchase of the inventory and fixed assets of the retail division of WearGuard Corp. J. Baker also acquired leases for WearGuard's 29 retail stores and a license to the WearGuard name. The final purchase...

American General Hospitality. (Services/Education)
October 21, 1991... American General Hospitality a Dallas-based hospitality management company, opened a Boston office. The company manages a portfolio of 40 hotels nationwide, including three in the Northeast region.

Ernst & Young. (Services/Education)
October 21, 1991... Ernst & Young of Boston acquired Halcyon Real Estate Advisors, a real estate consulting firm with offices in New York, Dallas, San Francisco, Los Angeles, Washington, D.C., and Hartford, Conn.

UniFirst Corp. (Services/Education)
October 21, 1991... UniFirst Corp., a Wilmington-based garment service company, acquired uniform rental businesses in Albuquerque, N.M., and Phoenix and Tucson, Ariz. UniFirst operates at 100,000 customer locations in 34 states and Canada.

Labor feud fuels JFK fire theory. (dispute between Suffolk Construction Co. and unionized subcontractors fuels speculation of fire cause in the John F. Kennedy Federal Building)
October 14, 1991... Arson investigators looking into the million-dollar fire at the John F. Kennedy Federal Building are investigating the possibility that the fire was set as part of a dispute between Suffolk Construction Co., a nonunion general contractor on the...

Fenway souvenir sultans bat 1.000. (The Souvenir Store's sales tied up with athletic winnings) (Company Profile)
October 14, 1991... If the Boston Red Sox hadn't fallen to the Toronto Blue Jays and dashed their chances to be in the division playoffs, things would be different. Joe Morgan would still have a job, Roger Clemens would likely have his third Cy Young Award and...

Former workers charge Bull with age bias. (Bull HN Information Systems)
October 14, 1991... Sixteen former employees have filed age discrimination claims against Billerica-based Bull HN Information Systems, alleging that the company favored younger, less experienced workers during massive layoffs in March. Layoff victims of four...

Fed eyes Shawmut. (Federal Reserve orders Shawmut National Corp. not to pay dividends without its approval)
October 14, 1991... The Federal Reserve ordered Shawmut National Corp. not to pay dividends to its shareholders without the Fed's approval. The move by the Fed requires approval for many bank transactions and demands that Shawmut devise a solid plan to increase...

William Camuti. (gets suit filed against him for non-payment of attorney's fees and fines)
October 14, 1991... State Attorney General Scott Harshbarger and Secretary of State Michael J. Connolly have filed suit against William Camuti, president of the Loan Depot Corp., for failing to pay $206,000 in fines and lawyers' fees to the state. After losing a...

Westinghouse Electric Corp. (losses $1.48 billion will layoff 4,000 employees)
October 14, 1991... After reporting a $1.48 billion loss for the third quarter, Westinghouse Electric Corp. said it would lay off 4,000 people to cut expenses. The loss coincided with a $1.68 billion charge taken by Westinghouse Financial Services to cover a drop...

Perini Corp. (together with partner Tutor-Saliba Corp. wins contract to build subway station in Los Angeles County, California)
October 14, 1991... Perini Corp. of Framingham and its partner, Tutor-Saliba Corp., won a $38.5 million contract to build a new subway station in Los Angeles County, Calif.

GTE. (GTE. Communication Systems Division's laid off workers receive outplacement counseling as part the severance package)
October 14, 1991... GTE's Communication Systems Division in Needham doesn't want its newest layoffs to join the ranks of the unemployed; the 57 workers from administrative, operations and technical positions will receive outplacement counseling as part of their...

U.S. Supreme Court. (rejects appeal by New England anti-nuclear groups to deny Seabrook nuclear power plant its license)
October 14, 1991... The U.S. Supreme Court rejected an appeal by New England anti-nuclear groups to deny the Seabrook nuclear power plant its federal license. The Supreme Court's decision marks the end of a long battle by local activists to keep nuclear power...

Biogen. (begins working with Commonwealth Serum Laboratories)
October 14, 1991... Biogen will begin working with Commonwealth Serum Laboratories, the largest pharmaceutical firm in Australia. Their research-and-development forces will be joined to produce a drug to treat diseases caused by blood clots. Also, Biogen's...

Federal Deposit Insurance Corp. (approves purchase of property from Fleet Bank by Salem Harbor Community Development Corp.)
October 14, 1991... Approval from the Federal Deposit Insurance Corp. is the last official hurdle to be worked out by a Salem community group before it can buy its property from Fleet Bank. The sale of 11 apartments to the Salem Harbor Community Development Corp....

Raytheon. (subsidiaries Badger Co. and United Engineers & Construction, in joint venture with Fiat S.p.A.)
October 14, 1991... Raytheon subsidiaries Badger Co. of Cambridge and United Engineers & Construction of Philadelphia will be key pieces in a joint venture with Italy's Fiat S.p.A. Lexington-based Raytheon wants to join forces with the Italian conglomerate to...

Rights obtained. (Repligen Corp. obtains exclusive U.S. patent rights to blood treatment)
October 14, 1991... Repligen Corp. of Cambridge obtained exclusive U.S. patent rights to another blood treatment from a Swedish company. Kabi Pharmacia AB holds the patent for the use of antibodies in joining two specific spots on a type of white blood cell in...

BioMedical Waste Systems. (merges its operation with American Medical Waste Systems)
October 14, 1991... BioMedical Waste Systems of Boston will merge its operations with privately held American Medical Waste Systems of Hicksville, N.Y. Terms of the merger were undisclosed.

Teamsters. (union threatens Star Market with contempt proceedings if it does not rehire fired worker)
October 14, 1991... The Teamsters union has threatened Star Market with contempt proceedings if it does not rehire a Norwood warehouse worker who was fired in May. A court-appointed election officer, Michael Holland, ordered the rehire. The employee, Neal...

Houghton Mifflin Co. (president and chief operating officer Robert F. Baker resigns)
October 14, 1991... Houghton Mifflin Co. president and chief operating officer Robert F. Baker announced his resignation effective Oct. 31 "for personal reasons." Baker, 55, who came to the Boston publishing house from the textbook publisher Ginn & Co. three years...

Low rents are too costly for some landlords.
October 14, 1991... The Beacon Cos., one of the city's largest commercial landlords, has stopped all marketing activity in its 575,000-square-foot Center Plaza complex in Government Center because of what it believes are unreasonable demands by bargain-hunting...

On the block. (Boston Celtics Communications Limited Partnership seeks partner or equity buyer for two broadcasting stations)
October 14, 1991... Caught in a cash squeeze, the Boston Celtics Communications Limited Partnership, which owns WEEI-AM and WFXT Channel 25, announced it was looking for a equity partner or buyer for the two broadcasting stations last week. Celtics co-owner...

NH banks sold. (New Hampshire's major banks sold to highest bidders)
October 14, 1991... Going, going, gone! New Hampshire's major banks have been sold to the highest bidders. First NH Banks, a subsidiary of the Bank of Ireland, won the bid for Amoskeag Bank and BankEast, according to a report in The Boston Globe last week....

Supreme rebuff. (Genetics Insitute refused U.S. Supreme Court hearing to appeal a U.S. Court of Appeals that threw out patent claim to erythropoietin)
October 14, 1991... Genetics Institute of Cambridge was refused a U.S. Supreme Court hearing to appeal a U.S. Court of Appeals ruling that threw out its patent claim to the drug erythropoietin (EPO) and gave its rival, Thousand Oaks, Calif.-based Amgen, U.S....

Booksellers like the odds for superstores. (Waterstone's Booksellers) (Company Profile)
October 14, 1991... Ray Oliver considers himself a bibliophile, so when Waterstone's Booksellers opened earlier this month, he ran down to the Back Bay to peruse the British-owned bookstore. "I was dying for it to open," said Oliver, who usually shops for books...

Boutique law firm plans expansion. (Morrison, Mahoney & Miller) (Company Profile)
October 14, 1991... In a year when large, well-known Boston law firms such as Gaston & Snow have dissolved or contracted, the unknown law firm of Morrison, Mahoney & Miller is expanding. The firm will open a Hartford, Conn., office on Nov. 1. First-year...

Superior Court finally logs on to computers. (Superior Court of the Commonwealth of Massachusett)(includes related article)
October 14, 1991... The Computer Age has dawned on that most pokey of institutions--the Massachusetts court system. Last week, two law firms were trained in and began testing the system's newest capability: allowing access to the court's docket and calendar in...

Hospitals alarmed by limit on costly equipment.
October 14, 1991... Gov. William Weld's proposed deregulation of hospital financing in Massachusetts will continue to limit the proliferation of new and expensive medical technologies at hospitals around the state. Weld's proposal is supported by the employer...

Peter Nessen: by the numbers. (Personnel File)
October 14, 1991... Position: Secretary of the Executive Office for Administration and Finance Education: A.B., Dartmouth College, 1957; M.B.A., Amos Tuck Graduate School of Business Administration, 1959 Age: 55 Even in the best of times, the job of...

Auto leasing picks up speed in Boston area. (Focus: New Cars and Trucks)
October 14, 1991... Reluctant to hand over hefty down payments or assume burdensome loans to finance ever-costlier automobiles, more and more Massachusetts consumers are looking into leasing arrangements, area auto dealers and trade organizations report. The...

Traffic report services are getting particular. (Focus: New Cars and Trucks)
October 14, 1991... A new company in Cambridge hopes to ease traffic problems for Boston area motorists by offering them real-time, on-demand, location-specific traffic information by telephone. SmartRoute Systems of Kendall Square allows drivers to access updated...

Christina Montalbano. (Health/Science)
October 14, 1991... Christina Montalbano was appointed chief financial officer of Clinical Data in Boston. She joined the company in 1989 as corporate controller. Clinical Data focuses on scientific instrumentation used in clinical and analytical laboratories.

Charles P. Hudson. (Manufacturing/Retail)
October 14, 1991... Charles P. Hudson was appointed president of Parade of Shoes, a division of Hyde Park-based J. Baker. Hudson will direct the merchandising and operations for 147 women's specialty shoe stores in the Northeast. He most recently served as...

Mark M. Kisiel. (Manufacturing/Retail)
October 14, 1991... Mark M. Kisiel was named president of Boston's Leggat McCall/Grubb & Ellis. He has over 30 years' experience in the real estate industry and was a partner with Leggat McCall and Werner before the firm was acquired by Grubb & Ellis in 1986. He...

John A. Woelfel. (Manufacturing/Retail)
October 14, 1991... John A. Woelfel was promoted to chief operating officer at Saunders Real Estate Corp., a Boston-based real estate investment management company. He joined the firm in 1983 as senior vice president of finance and administration and most recently...

McGlinchey & Paul. (Advertising/Communications)
October 14, 1991... McGlinchey & Paul, a high-technology marketing communications firm, was named the U.S. partner in Euro Plus, an international network of communications firms. The Lexington-based firm will serve as a coordinator for high-tech companies with...

The John E. Cain Co. (Advertising/Communications)
October 14, 1991... The John E. Cain Co. chose Ingalls, Quinn & Johnson as its advertising and marketing agency. The company, which operates two food processing plants in Massachusetts, manufactures Cains Mayonnaise and new products including fat-free mayonnaise...

Gearon Hoffman Conlon & Nye. (Advertising/Communications)
October 14, 1991... Gearon Hoffman Conlon & Nye, of Boston and New York, was chosen by New Hampshire's Velcro USA as agency of record. The Boston advertisers will handle assignments for all three divisions of the account: consumer, industrial and transportation....

SGM & Company. (Advertising/Communications)
October 14, 1991... SGM & Company was named agency of record for Agency Management Services (AMS) of Norwell. AMS is an automation software vendor for the independent property casualty insurance industry. SGM & Company is an advertising, marketing and public...

PaineWebber Retail Property Investments. (Dividends)
October 14, 1991... The directors of PaineWebber Retail Property Investments of Boston declared a dividend of 20 cents per share, payable on Oct. 15 to shareholders of record as of Sept. 30.

West Newton Savings Bank. (Dividends)
October 14, 1991... West Newton Savings Bank declared a quarterly dividend of 4 cents per share, payable on Oct. 15 to shareholders of record on Oct. 1.

Bird Corp. (Dividends)
October 14, 1991... The board of directors at Dedham-based Bird Corp. declared a quarterly dividend of $1.25 per share on the company's 5 percent cumulative preferred stock, payable on Dec. 1 to stockholders of record on Nov. 8. Bird also declared a quarterly...

Lexington Savings Bank. (Dividends)
October 14, 1991... Lexington Savings Bank declared a regular quarterly cash dividend of 10 cents per share on its 2,312,000 shares of outstanding common stock, payable on Nov. 6 to stockholders of record on Oct. 18. The dividend declared is equal to the 10 cents...

Grove Bank. (Dividends)
October 14, 1991... Grove Bank in Brookline announced a cash dividend of 5 cents per share on the 1,470,417 shares of its outstanding common stock, payable on Oct. 18 to shareholders of record on Oct. 4. Grove Bank's total assets as of June 30 was $253.4 million,...

The Neiman Marcus Group. (Dividends)
October 14, 1991... The Neiman Marcus Group, based in Chestnut Hill, announced a regular quarterly cash dividend of 5 cents per share on its common stock, payable on Oct. 31 to stockholders of record on Oct. 15. The Neiman Marcus Group consists of three operating...

Augat. (Dividends)
October 14, 1991... Augat of Mansfield declared a quarterly dividend of 10 cents per share on the company's common stock, payable on Oct. 31 to shareholders of record on Oct. 10. Augat is a manufacturer of electronic connector products.

Raytheon Co. (High Technology)
October 14, 1991... Lexington-based Raytheon Co.'s United Engineers & Constructors subsidiary has won $136 million in contracts for the engineering and installation of two new cogeneration power plants near Las Vegas, Nev. The company will design and build two...

Wellfleet Communications. (High Technology)
October 14, 1991... Bedford-based Wellfleet Communications announced a value-added reseller agreement with AT&T Network Systems. AT&T will private-label and resell Wellfleet's router/bridges as LCS 200 Network Routers in conjunction with AT&T's own BNS-1000...

Spire Corp. (High Technology)
October 14, 1991... Bedford's Spire Corp. sold a high-capacity, multifunction ion-implantation system to Toray Research Center of Otsu, Japan. The SPI-ION 3000ME-S will provide high currents for a variety of metallic and gaseous species. Toray Research Center is a...

TSI Corp. (Services/Education)
October 14, 1991... TSI Corp. in Worcester acquired all the stock of Argus Research Laboratories and the Center for Photobiology at Argus, two privately held preclinical testing companies located in Horsham, Pa. The companies generate a total of $5.5 million...

Weil Realty Advisors. (Incorporations)
October 14, 1991... WEIL REALTY ADVISORS, 260 Franklin St., Boston 02110. Real estate. Pres: S. Douglas Weil, 22 Cartwright Rd., Wellesley 02181. Treas: Bruce Martin, 184 Concord Ave, Belmont 02181.

Assabet Trucking & Repair Service. (Incorporations)
October 14, 1991... ASSABET TRUCKING & REPAIR SERVICE, P.O. Box 206, Maynard 01754. Truck repair and service. Pres: Stephen Mannix, 111 Stowe St., Acton 01720. Treas: Thomas McGinnity, 29 Mayflower Rd., Arlington 02174.

Autolab. (Incorporations)
October 14, 1991... AUTOLAB, 340 Everett Ave., Chelsea 02150. Auto Service. Pres: Ernest Petterson, 17 Willard St., Chelsea 02150. Treas: James L. Rubin, 68 Fuller Pond Rd., Middleton 01948.

BF Colorado. (Incorporations)
October 14, 1991... BF COLORADO, 101 Arch St., 16th floor, Boston 02110. Pres: Fred N. Pratt Jr., same as bus. Treas: Georgia Murray, same as bus.

Evergreen Packaging. (Incorporations)
October 14, 1991... EVERGREEN PACKAGING, 30 Boston Post Rd., Wayland 01778. Packaging. Pres. and treas: John Kussman, 31 Martin Rd., Wellesley 02181.

Federal Business Systems. (Incorporations)
October 14, 1991... FEDERAL BUSINESS SYSTEMS, 89 Cambridge St., Burlington 01803. Office equipment and supplies retailer. Pres: Richard A. Krueger, 48 Howlands Ln., Kingston 02364. Treas: Randy G. Gould, 22 Royal Crest Dr., North Andover 01845.

Framingham Surf & Sport. (Incorporations)
October 14, 1991... FRAMINGHAM SURF & SPORT, 51 Beacon St., Framingham 01701. Retail. Pres. and treas: Marla Gold, 20 Woodbridge Ln., Ashland 01721.

Freeflowing International. (Incorporations)
October 14, 1991... FREEFLOWING INTERNATIONAL, 76 Gordon Circle #5, Waltham 02154. Information and project management services. Pres. and treas: Giovanni DiMambro, same as business.

Gilbert & Davis LP. (Incorporations)
October 14, 1991... GILBERT & DAVIS LP, 1580 VFW Parkway, West Roxbury 02132. Retail and wholesale of kosher products. Pres: Mark S. Chudnow, 11 Central Ave., Newton 02160. Treas: Gilbert Chudnow, 47 Hillside Dr., Wayland 01778.

Jet Air Express. (Incorporations)
October 14, 1991... JET AIR EXPRESS, 10 Mill St., Revere 02151. Shipping. Pres. and treas: Anthony Tammuro, same as bus.

Kwik Shop Market & Deli. (Incorporations)
October 14, 1991... KWIK SHOP MARKET & DELI, 10 Jefferson Ave., Salem 01970. Convenience store. Pres. and treas: Margaret R. DeSantis, 4 Tree Top Ln., Lynnfield 01940.

LSI Inc. (Incorporations)
October 14, 1991... LSI INC., 85 Main St., #200, Concord 01742. Financial services. Pres. and treas: Stanton H. Pearson Jr., 34 Washington Dr., Sudbury 01776.

Lynwood Trading. (Incorporations)
October 14, 1991... LYNWOOD TRADING 333 North Ave., Wakefield 01880. Commodities. Pres. and treas: Joseph T. O'Connell, 18 Olde Towne Rd., Lynnfield 01940.

Microtime Computer Products & Services. (Incorporations)
October 14, 1991... MICROTIME COMPUTER PRODUCTS & SERVICES, 215-B Salem St., Medford 02155. Computer retail and services. Pres. and treas: Sang Chau, 123 Mills St., Malden 02148.

National Direct Marketing Services. (Incorporations)
October 14, 1991... NATIONAL DIRECT MARKETING SERVICES, 411 Waverly Oaks Rd., Waltham. Direct mail and telemarketing service. Pres: Elliot Savitz, same as bus. Treas: Keith Savitz, 1335 Broadway, #225, Boulder Colo.

Patriot Financial. (Incorporations)
October 14, 1991... PATRIOT FINANCIAL 27 Oak St., Newton Upper Falls 02164. Lending and credit repair. Pres. and treas: Nina Levin Milshtein, same as business.

Retail Associates Management Company. (Incorporations)
October 14, 1991... RETAIL ASSOCIATES MANAGEMENT COMPANY, c/o Testa, Hurwitz & Thibeault, 192 East Emerson Rd., Lexington 02173. Retail management. Pres: William J. Booth, 152 Kennington Park Rd., London SE11, England. Treas: Thomas H. Conway, 138 Baker Ave.,...

Hotel pact reached. (negotiations between Boston, Massachusetts' hotels and Local 26 of the international hotel workers union ends with an agreement on wage gains and increased payments to the union's health and welfare fund)
October 7, 1991... Negotiations between Local 26 of the international hotel workers union and Boston hotels ended swiftly, with agreement on moderate wage gains for employees and increased payments to the union's health and welfare fund. Local 26 president...

GTE Corp. (plans to divest itself of its Electrical Products Group)
October 7, 1991... GTE Corp. plans to concentrate on its telecommunications business and rid itself of its Danvers-based Electrical Products Group. The group now operates plants in Danvers, Ipswich and Salem employing 1,700 people.

Christy's Market Inc. (buys 47 7-Eleven stores and 6 Quik Mart locations in the New England area)
October 7, 1991... Christy's Market Inc. bought 47 7-Eleven stores and six Quik Mart locations in the Boston, Nashua, N.H., and Providence, R.I., areas. As part of the agreement, the 130-unit chain has agreed to convert more of its outlets to 7-Eleven stores by...

Waiters win. (two former waiters of Dynasty Restaurant wins a settlement from owner, Wilson Lee for working for tips only)
October 7, 1991... Two former waiters of Chinatown's Dynasty Restaurant have won a $14,000 settlement from the restaurant for working for tips only. Restaurant owner Wilson Lee has signed agreements with the state Department of Labor and Industries to pay his...

Office shuffles can't hide flat occupancy rates. (commercial and office space market)
October 7, 1991... "Zero-sum game" isn't a phrase that rolls easily off the tongue, nor is it one that Boston's real estate community is fond of using. But like it or not, it has become the hottest term in the industry these days in describing the stagnant...

Towns fighting cleanup tab at Superfund site. (cleanup costs at the Charles George Landfill in Tyngsborough which was named a federal Superfund site in 1983)
October 7, 1991... Ten Massachusetts towns are making a last-ditch effort to get out of a mammoth lawsuit over who should pay an estimated $70 million in cleanup costs at the Charles George Landfill in Tyngsborough, named a federal Superfund site in 1983. At...

London insurer introduces cleanup coverage. (Minet Brokerage Services tests its liability coverage protecting people managing cleanups at state and federal Superfund sites)
October 7, 1991... A London-based insurance broker has chosen Massachusetts as the initial U.S. test market for offering the first-ever liability coverage protecting the people or chestrating cleanups at state and federal Superfund sites. The insurance,...

Cambridge linkage plan seen as poorly timed. (proposed linkage payments for new commercial buildings in Cambridge, Massachusetts)
October 7, 1991... Area developers are scratching their heads over the timing of a home rule petition circulating through the state Legislature that would allow the city of Cambridge to enact linkage payments for new commercial buildings. The legislation was...