TSA to screen all workers at Logan with field access

The Transportation Security Administration has started physically screening 100 percent of workers and vehicles entering the airfield at Logan International Airport in Boston under a 90-day pilot program. Previously, employees only had to show their airport IDs, which are issued after a criminal background check. Now, they also need to get out of their vehicles and spread their arms as TSA agents use metal-detector wands. The main reason this has yet to be fully implemented is "a matter of costs," said George Naccara, the TSA's security director for Logan. (Nicole C. Wong)

Listing Information Network Inc., or Link, the primary listing service for Boston's downtown condominium market, has reacquired a Martha's Vineyard listing service it sold more than a decade ago. Link's president, Debra Taylor Blair, said she bought the service in January and last month rolled out new software that allows buyers to directly search Vineyard properties for sale. She and Eleanor Wilson set up the Vineyard database in 1992, but Wilson took it over in 1994. Now, Wilson will continue to run the Vineyard office and will become the manager of Link's Nantucket listing service. (Kimberly Blanton)

John Hancock Financial Services Inc. said five closed-end funds will repurchase $1.6 billion worth of preferred shares from investors frozen in the auction-rate securities market. Tax-Advantaged Dividend Income, Preferred Income, Preferred Income II, Preferred Income III, and Patriot Premium Dividend II will redeem all outstanding shares by early July, the Boston-based company said. John Hancock will finance the repurchases with a credit facility from an unnamed commercial bank. (Bloomberg)

A federal judge in Worcester ruled Toronto-Dominion Bank can't use the name TD Commerce Bank in five Massachusetts counties following a merger, a bank spokeswoman said, which could complicate a name change for TD Banknorth Garden, the Boston arena that is home to the Celtics and Bruins. The ruling prohibits the Canadian parent from using the new name for the bank now operating as TD Banknorth in Suffolk, Worcester, Norfolk, Middlesex, and Essex counties. The decision formalized a preliminary injunction issued last week at the behest of Commerce Bank & Trust of Worcester, which is suing Toronto-Dominion to block it from using the new name following its purchase of Commerce Bancorp of New Jersey. (Ross Kerber)

The New York Times, the third-largest US newspaper by circulation, eliminated some newsroom employees after a voluntary buyout plan failed to produce the savings sought by the company. The New York Times Co. had to lay off "small numbers" of workers because the voluntary cuts missed a goal of paring 100 positions at the newspaper, executive editor Bill Keller said in a memo to employees. The number of people being fired and their names were not disclosed. The publisher, which also owns The Boston Globe, is reducing expenses to compensate for declining revenue. Times Co. reported a loss in the first quarter as ad sales fell 9.2 percent. (Bloomberg)

Harvard Pilgrim Health Care of Wellesley hired James DuCharme as chief financial officer starting next month. Joseph Capezza, the former chief financial officer, left to join Health Net of California. Most recently, DuCharme served as chief financial officer at the Capital District Physicians' Health Plan in Albany, N.Y. Bright Horizons Family Solutions Inc., a Watertown provider of employer-sponsored child care, said shareholders approved a $1.3 billion buyout by Boston-based Bain Capital Partners LLC. Stockholders will receive $48.25 a share, a 47 percent premium from the closing price on Jan. 11, before the deal was revealed . . . Cambridge-based Genzyme Corp. said its experimental pill for Gaucher disease curbed symptoms in a study. The new pill, designed to be a convenient alternative to Genzyme's Cerezyme drug, reduced spleen size and anemia in preliminary results from a one-year study of 26 adults. The pill, called Genz-112638, is in the second of three stages of human tests generally required for regulatory approval . . . Medtronic Inc. will voluntarily recall some heart surgery devices coated with the blood-thinner heparin, linked to contamination deaths. The recall involves products with the Carmeda BioActive surface, including disposable items such as blood oxygenators and tubing. (Globe staff and wire services)