REAL ESTATE

Massachusetts OKs Fenway Center

BY Staff Writer

Boston — The administration of Massachusetts Gov. Deval Patrick has agreed to allow the construction of a 4.5-acre complex called Fenway Center in the area around Fenway Park in the city’s Back Bay neighborhood. Developer John Rosenthal will pay $226 million in rental fees to build the development, which will include retail stores as well as homes and office buildings.

The development includes state-owned land as well as air rights over the Massachusetts Turnpike.

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FINANCE

HSN’s CFO takes on added role of COO

BY Staff Writer

St. Petersburg. Fla. – HSN Inc. said Wednesday that it has appointed CFO Judy Schmeling to the additional role of COO, effective immediately. Schmeling has been serving as HSN’s executive VP and CFO since 2001.

In her new role, Schmeling will be responsible for supply chain operations and customer care functions, in addition to providing ongoing leadership for finance and IT.

"Under Judy’s leadership, we have strengthened our competitive position, achieved significant top- and bottom-line growth and increased shareholder value. She is superbly qualified to oversee our new operational centers of excellence, which are part of our continued drive to integrate key activities across all of our brands, maximize efficiency and deliver an immersive, seamless end-to-end customer experience," said Mindy Grossman, CEO, HSN.

Schmeling joined HSN in 1994 as director of investor relations and treasury.

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FINANCE

Safeway stockholders approve BOD recommendations

BY Staff Writer

Pleasanton, Calif. — Preliminary results from the Safeway annual stockholder’s meeting show that a majority of stockholders followed board of directors recommendations in electing each of the eight directors with a majority of at least 73%. Stockholders also approved the appointment of Deloitte & Touche LLP as Safeway’s independent accounting firm for fiscal 2013.

In addition, stockholders followed board recommendations by approving an advisory vote on executive compensation with a 70% majority and reapproving the 2007 equity and incentive award plan with a 92% majority

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