Daily Archives: March 16, 2011

Wednesday Morning: Fidelity Not So Loyal To Mass.

Published March 16, 2011

Boston-based financial giant Fidelity Investments announced yesterday that it is closing its operations in Malrborough and transferring almost of all of the 1,100 jobs there out of state. Rhode Island and New Hampshire stand to gain most of the jobs, though a spokesman said some of the jobs would be shifted to the company’s Boston location.

The nation’s second-largest mutual fund company has shed over 4,500 jobs in Massachusetts over the last five years. Fidelity-watcher Jim Lowell told Morning Edition’s Bob Oakes that technology may shoulder part of the blame for recent Fidelity job cuts.

Boston has a new city councilor. After a landslide victory, Tito Jackson will be the new representative in Chuck Turner’s old seat. Jackson garnered 82 percent of the vote. WBUR’s David Boeri profiled both Jackson and his opponent, Cornell Mills, on Monday.

From the strange news stories that just keep getting stranger department: the man known as “Clark Rockefeller” may be headed to California to face murder charges. Authorities in California have filed a federal complaint seeking the man’s return to face trial in a murder investigation from 1985. “Rockefeller,” nee Christian Karl Gerhartsreiter, is currently serving a sentence of four to five years at a prison in Gardner for the 2008 kidnapping of his daughter.

Cambridge’s school committee last night voted to add four new middle schools to the system. WBUR’s Monica Brady-Myerov previously reported on the plan and how officials hope it will help close the city’s achievement gap.

The Associated Press reports on a Bostonian who traveled to Japan to teach English and barely survived Friday’s tsunami. This story is a fascinating first-hand account of the catastrophe.

What we’re following: We’ll report on legislation that would change the Parole Board getting its first legislative hearing today, the city of Marlborough as it reels from the Fidelity job cuts and the fight over state redistricting. Radio Boston will dive into New England’s nuclear power industry and the public’s perception of it after disaster in Japan.