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Nine things you may have missed Friday from the world of business

Airlines

Wow Air’s first flight lands in Boston

Wow Air, the low-cost Icelandic airline, landed its first flight at Logan Airport on Friday evening. It was a big affair for the no-frills carrier. Iceland’s ambassador to the United States and the US ambassador to Iceland greeted passengers, and the company’s chief executive, Skúli Mogensen, was there. The company, which bills itself as a “happy” airline, announced its plans to expand service to Boston in October, and has a flight scheduled six days a week between Boston and Reykjavik. From its base on the North Atlantic island, the carrier also provides connecting service to Dublin, London, Copenhagen, Berlin, and Paris. The airline was founded by Mogensen, a tech entrepreneur and investor, in 2011. It has just four planes and 175 employees, according to its website, but it flies to more than a dozen cities in Europe and has plans to add Washington, D.C., as a US destination this spring. If passengers book far enough in advance, the company advertises one-way flights for $150 between Boston and Reykjavik, although a more typical fare, booked six weeks in advance, is more than $200. Other European destinations can be reached for less than $600 round-trip. — Jack Newsham

Recruiting

Massachusetts leads country in jobs for college grads

If you think Boston is overrun with college students, you must not be trying to hire them. Massachusetts has more job openings that require a college degree than most other states, and it leads the nation in terms of high-skill job openings per capita. According to a new report from the Georgetown Center on Education and the Workforce that scanned online job listings from thousands of websites, there were 94,600 open jobs in Massachusetts that required a bachelor’s degree or above in 2013, the fourth-highest total nationwide. And accounting for its relatively small college-educated workforce compared to much larger states such as California, New York, and Texas, Massachusetts leads the country in terms of high-skill job openings per worker. Jobs in science, technology, engineering, and math have 3.1 openings for every 100 workers, more than any other sector and six times the ratio for blue-collar jobs like construction, the Georgetown researchers said in their report. — Jack Newsham

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Governance

Indian companies scramble to find women directors

NEW DELHI — As Indian companies scramble to meet a deadline to appoint women to their boards, some wealthy business owners have a solution that meets the letter if not the intention of the law: appointing their wives. India’s market regulator, the Securities and Exchange Board, has set a final deadline of April 1 for all of the country’s listed companies to name at least one female director. In the 12 months after the order was first announced in February 2014, only 580 companies out of thousands had appointed women, according to local reports. More than 80 appointments were family of company owners. — Associated Press

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Philanthropy

Apple CEO Tim Cook plans to give away most of his fortune

SAN FRANCISCO — Apple CEO Tim Cook is joining a long list of magnates promising to give away most of the wealth that they amass during their careers. Cook mentioned his intentions in a story about him published Thursday by Fortune magazine. After paying for the college education of his 10-year-old nephew, Cook says he will donate the rest of his money to philanthropic causes. Apple Inc. declined to comment Friday. Most of Cook’s wealth is tied up in an Apple grant of restricted stock he received in 2011 when he succeeded Steve Jobs. That grant is now worth about $860 million. — Associated Press

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Insurance

Aetna to lower costs for most HIV drugs after complaint

NEW YORK — Aetna Inc. has agreed to reduce out-of-pocket payments for most HIV and AIDS medicines after pressure from an advocacy group, revising coverage that had some patients paying $1,000 a month for the drugs. Before the change, Aetna put almost all HIV drugs in its highest category of cost sharing, asking patients to pay as much as half the expense of high-priced medicines, according to the AIDS Institute. The health insurer will move the drugs into a category that will charge patients $5 to $100 after deductibles are met, the nonprofit institute said Thursday. Aetna confirmed the change. — Associated Press

Technology

Google to develop robot surgical devices with Johnson & Johnson

Google Inc. is joining forces with Johnson & Johnson to develop a robotic-assisted surgical program, moving into a growing field of medicine as the search-engine giant expands its health care investments. The companies will explore ways to add advanced imaging and sensors to surgical tools, helping doctors during operations. The partnership is through the life sciences division of Google X labs, the company’s research unit that has funded projects such as self-driving cars. The partnership will help J&J build upon the prototype it’s already developed. — Bloomberg News

Transportation

Mulally earned $22m in final year as Ford CEO

DEARBORN, Mich. — Former Ford CEO Alan Mulally’s compensation fell 5 percent to $22 million in his final year at the company. Mulally retired July 1. As a result, he earned $1 million in salary compared with $2 million in 2013. He received $13.9 million in stock and option awards, down 5 percent from a year ago. Mulally’s successor, Mark Fields, saw his total compensation jump 47 percent to $14.9 million. Fields became Ford’s president and CEO on July 1. — Associated Press

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Manufacturing

Dow Chemical, Olin in $5 billion cash-and-stock deal

MIDLAND, Mich. — Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion. Dow has been under pressure from hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses. Dow CEO Andrew Liveris said in a statement the deal has helped the company exceed its target to divest $7 billion to $8.5 billion of nonstrategic units and assets. The new firm will have annual revenue of nearly $7 billion. — Associated Press

Finance

Lawrence foreclosure adviser fined $1.9m

A Lawrence business and its owner have been ordered to pay $1.9 million for defrauding people facing foreclosure. Pinnacle Financial Consulting LLC and its owner, Robert Burton, were ordered to pay $1.2 million in restitution to customers and more than $600,000 in penalties for taking money from customers, many non-native-English speakers, charging unlawful fees, practicing law without a license, and refusing to provide promised refunds. Burton also was barred from a variety of financial and legal work in Massachusetts. The suit was filed in Suffolk Superior Court in March 2013. In November 2013, Burton and his company were fined $240,000 for contempt of court because he continued to recruit new customers despite court orders barring him from doing so. Burton was sentenced to four years in prison in federal court in December on charges stemming from his operation of Pinnacle. He couldn't be reached for comment. — Jack Newsham

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