Business in brief: Green named VP of telecom firm
Colorado telecommunications provider Zayo Enterprise Networks has launched a Northwest region and named Spokane executive Greg Green the area’s vice president.
Zayo Group is the parent company of the Northwest region. The company has fiber and telecom assets acquired from Northwest Telephone Inc. in Wenatchee and from Columbia Fiber Solutions in Spokane and Coeur d’Alene.
Its fiber-based services will be marketed to companies, schools and government groups.
Green, who was former president of NEXTLINK (later XO Communications), later became the CEO of Avista Communications. He left Avista after that group was dissolved. He helped launch OneEighty Networks, which was later sold to OrbitCom.
Boston Globe won’t be sold
Boston – The Boston Globe is off the market.
The New York Times Co. said Wednesday it won’t sell the newspaper after all, following “careful consideration and analysis.”
In a regulatory filing, the company said it was still weighing its options for its other major New England property, the Telegram & Gazette in Worcester, Mass.
Wall Street wiz Wasserstein dies
New York – Bruce Wasserstein, the CEO of Lazard Ltd. and a prominent Wall Street dealmaker, died Wednesday after being hospitalized earlier this week with an irregular heartbeat, a company spokeswoman said. He was 61.
Wasserstein had been a Wall Street superstar since the 1980s, working on such landmark deals as Kohlberg Kravis Roberts’ takeover of RJR Nabisco and the Morgan Stanley-Dean Witter and AOL-Time Warner mergers.
He was the driving force behind Lazard, one of Wall Street’s top mergers and acquisitions advisory firms.
Complaints filed over IHOP claims
Fresno, Calif. – The Humane Society of the United States filed complaints Wednesday against the International House of Pancakes, alleging that the restaurant chain lies about the living conditions of the chickens that lay the eggs for its omelets and pancakes.
IHOP claims that its eggs are “cruelty free” and animals used for its food receive “dignified, humane treatment.” The animal welfare group said that’s not true and filed complaints with federal regulators saying the Glendale, Calif.-based company is engaged in “false or deceptive advertising.”
The complaints allege that the eggs for IHOP’s 1,421 U.S. restaurants come from chickens raised in cramped cages that do not allow them to stretch their wings, walk around or nest.