LEADERSHIP
New England Aquarium names interim CEO
The New England Aquarium on Monday named an interim chief executive, who will take the reins of the waterfront tourist destination and conservation institute on April 1. Maliz Beams, a longtime financial sector executive and a board member at the aquarium, will replace Nigella Hillgarth. Hillgarth announced her resignation in January, less than three years into the role, and is leaving for a research position at the University of Washington. Beams has been on the aquarium’s board since 2010. But her background is more rooted in finance than science. She is a former chief executive of retirement savings company Voya Financial, and has also held leadership positions with American Express and Citibank. At the aquarium, Beams will lead an institution that has been a central player in development discussions in downtown Boston. Aquarium officials have been locked in a sometimes tense debate over planned construction of the adjacent Boston Harbor Garage, where developer Don Chiofaro has proposed a skyscraper. The officials have called for the building to be smaller than originally proposed and expressed concerns that it could block waterfront access. Meanwhile, the aquarium also intends to make big changes on its own property, which would include a new park along the harbor and an expansion of its main building. In January, Donna Hazard, chairwoman of the aquarium’s board of trustees, said the search for a permanent replacement for Hillgarth would involve a “national if not international” recruiting hunt.
— ADAM VACCARO
AUTOMOTIVE
Ford to produce Lincolns in China
Ford Motor will begin producing its upscale Lincoln brand in China by late 2019 after sales almost tripled last year, joining the ranks of automakers localizing production to avoid import taxes in the world’s largest auto market. The Dearborn, Mich.-based automaker will build an all-new SUV model with joint venture partner Changan Automobile Group in the city of Chongqing, according to an emailed statement. China requires foreign automakers to manufacture cars with a Chinese joint venture partner, and imposes 25 percent in customs taxes on imported vehicles, pushing their retail prices into the range of more upscale models that are manufactured locally. Toyota Motor Corp.’s Lexus and Hyundai Motor Co.’s newly created Genesis are the only luxury marques owned by major automakers that aren’t produced in the world’s largest car market.
— BLOOMBERG NEWS
FEDERAL RESERVE
Bostic becomes first African-American to head one of Fed’s regional banks
Raphael W. Bostic, a former Obama administration housing official, has been selected as the new president of Federal Reserve Bank of Atlanta, becoming the first African-American to head one of the Fed’s 12 regional banks. The Atlanta Fed says that Bostic, 50, currently a professor of public policy at the University of Southern California, will take over in June. He succeeds Dennis Lockhart, who retired last month. During the Obama administration, Bostic served from 2009 to 2012 as an assistant secretary for policy at the Department of Housing and Urban Development. The Atlanta Fed covers Georgia, Alabama, Florida, and portions of Louisiana, Mississippi, and Tennessee. — ASSOCIATED PRESS
ACCOMMODATIONS
Guinness and Airbnb team up for brewery sleepover
Guinness is inviting its first sleepover guest in the Dublin brewery’s 258-year history — by transforming its rooftop bar into a penthouse with the city’s most panoramic view. The maker of Ireland’s ubiquitous stout announced Monday it’s hosting the latest ‘‘Night At’’ event by Airbnb, which has staged one-night-only accommodations in an ever-growing menu of eccentric locales, including a shark tank, the top of an Olympic ski jump, and a Transylvanian castle replete with coffin beds. The successful Guinness contestant must describe online in 200 characters or fewer — or 300 characters in Chinese or Korean — why they’re the world’s biggest fan of the beer. The prize for the winner and a guest includes flights to Dublin, a butler, a tour of brewery features off limits to visitors, a six-course meal overseen by Guinness’ head chef, and an opportunity after breakfast the next day to help the senior brewmaster make a batch of the roasted barley-darkened drink. — ASSOCIATED PRESS
TECHNOLOGY
Verizon wanted to cut the sale price of Yahoo by $925 million
Verizon demanded a $925 million discount on its acquisition of Yahoo’s online services to help offset the damage from the biggest data breaches in Internet history. It ultimately settled on a $350 million concession. Yahoo disclosed new details about its negotiations with Verizon in a regulatory filing Monday. The filing doesn’t say why Verizon accepted the lower figure, which was previously announced. The companies struck a $4.83 billion deal last July, but re-opened talks after Yahoo revealed that personal information had been stolen from more than 1 billion of its users in two separate hacking attacks during 2013 and 2014. The breaches were the two biggest in Internet history. Monday’s filing also revealed that Yahoo CEO Marissa Mayer will receive a $23 million severance package if she doesn’t work for Verizon. Yahoo recently said it won’t be paying Mayer’s annual bonus or give her a potentially lucrative stock award because an investigation concluded her management team reacted too slowly to one breach discovered in 2014.
— ASSOCIATED PRESS
EMPLOYMENT
New Hampshire reports big jobs gain
Employers boosted hiring in 13 US states in January, while employment changed little in 36 states. The Labor Department says Alaska is the only state to show a significant decline in jobs, shedding 2,100. Nationwide, hiring picked up in January as employers added 238,000 jobs, a clear improvement over last year’s average gains. A broad rebound in the global economy and greater optimism among US businesses have spurred more hiring. More positive jobs data came out last Friday, when the government reported hiring and wage gains were healthy in February, and the US unemployment rate slipped to 4.7 percent from 4.8 percent. New Hampshire reported the largest jobs gain among the states on a percentage basis, with a 1 percent increase, followed by Idaho and Maine with 0.7 percent each. — ASSOCIATED PRESS