The Boston Globe from Boston, Massachusetts • 15

Li-4 A15 5 iV 4 DOW JONES NASDAQ 12,891.86 2,422.93 FULL MARKET COVERAGE, A17 The Boston Globe Saturday, April 26, 2008 I BOSTON.COMBUSINESS 1m: Bush says 1st rebates going out Monday Democrats: Fuel bills will eat up stimulus i I I I -r- i i I '-7 I i1 'H L- I I i "f.Trt" f1 ByTomRaum ASSOCIATED PRESS WASHINGTON President Bush said tax rebates will start going out Monday, earlier than previously thoughtand should help Americans cope with rising gasoline and food prices, as well as aid the economy. Democrats said they were glad the rebate checks were about to go out, but suggested that multinational oil companies were not among the businesses the stimulus package was originally designed to help. "Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Bush said yesterday in remarks on the South Lawn of the White House. Those first rebates will be directly deposited into people's bank accounts. The Internal Revenue Service had been saying direct deposits wouldn't start until next Friday.

Bush said paper checks would begin going out on May 9, a week earlier than previously scheduled. "The money is going to help Americans offset the high prices we're seeing REBATES, Page A16 1 I. Jl. J1 4 1 FDA panel backs clearer warnings on Lasik risk Business in brief THE REGION CDM decides to stay put at One Cambridge Place CDM, a Cambridge consulting, engineering, and construction firm with employees worldwide, has decided to stay in 180,000 square feet at One Cambridge Place in East Cambridge, according to Lincoln Property Co, the broker representing the landlord. CDM's option to renew expired and the company explored other locations but chose to stay in the building owned by MetLife Real Estate Investments.

John D. Miller, senior vice president of Lincoln Property, said it was the largest office lease signed in Cambridge this year. CDM, which had been a tenant there since the building went up a decade ago, was represented by CresaPartners. (Thomas C. Palmer Jr.) Partner at Chiofaro Co.

named a VP at N.Y. firm Mark C. Roopenian, a partner at the Chiofaro Co. and a 24-year veteran of the real estate industry, has been appointed vice president of leasing and asset management for Broadway Partners of New York, aprivate real estate firm that owns the John Hancock Tower in the Back Bay. Roopenian will handle leasing, management, and capital improvements for Broadway's properties in the area, which include 200 State St, 116 Huntington, Ten Post Office Square, and Bay Colony Corporate Center in Waltham.

(Thomas C. Palmer Jr.) THE NATION Wachovia to pay $144m to settle telemarketing case Wachovia Corp. will pay as much as 144 million to settle a US regulator's claims that the bank's poor oversight let telemarketers and payment processors withdraw millions from customers' accounts. Wachovia will pay as much as $125 million in restitution, a $10 million civil penalty, and $8.9 million for consumer-education programs, the Office of the Comptroller of the Currency said. The Charlotte, N.C., bank neither admitted nor denied wrongdoing, the OCC said.

The settlement comes after an investigation determined Wachovia profited from fees and charges on accounts held by payment processors and telemarketers who took advantage of thousands of consumers, most of them elderly, from June 2003 through December 2006. (Bloomberg) Countrywide Financial CEO took almost $100m pay cut Countrywide Financial Corp. chief executive Angelo Mozilo received a compensation package last year valued at more than $22. 1 million, a sharp cut for the mortgage lender's chief, according to an analysis of a regulatory filing. The package was a fraction of ttye 1 2 1 .5 mil-lion in stock options Mozilo cashed in 2007, when Countrywide lost more than $700 million and saw its stock fall 80 percent from its peak.

Mozilo was paid a salary of $1.9 million in 2007, according to a preliminary filing with the Securities and Exchange Commission. Mozilo did not receive a bonus or nonequity incentive plan compensation, which was pegged to specific performance targets Mozilo failed to meet, the company said. Still, he received stock and option awards that had an estimated value of about $20 million when granted. (AP) Clear Channel dropped from N.Y. suit over buyout A New York state judge dropped Clear Channel Communications Inc.

from a lawsuit filed by six banks sued for allegedly refusing to fund a 1 9.5 billion acquisition of the company by Boston-based buyout firms Bain Capital LLC and Thomas H. Lee Partners LP. The firms sued Citigroup, Credit Suisse, Morgan Stanley, Royal Bank of Scotland, Wachovia, and Deutsche Bank. The banks countersued the buyers, Clear Channel, and CC Media Holdings a shell company created for the deal. (Bloomberg) New York Daily News owner bids $580m for Newsday The owner of the New York Daily News offered $580 million to acquire Newsday from Tribune Co, matching a bid this week by Ru-pert Murdoch's News Corp.

A person familiar with the situation, but who declined to be identified because of the confidential nature of the offer, confirmed that real estate developer Mortimer Zuckerman offered $580 million to buy the Long Island daily. The source said the deal involved a "significant amount of cash and other considerations," but would not provide further specifics. Zuckerman's Daily News is the rival tabloid to Murdoch's New York Post. Spokesmen for Tribune and News Corp. declined any comment.

(AP) DAVID L. RYAN6L0BE STAFFFILE 2005 Cargo Ventures proposed a $300 million modernization of the Black Falcon terminal in South Boston. Cruise terminal plan runs aground City opposes turning warehouse building into offices 500 FT 0 Wbrid Trade enter By Lauran Neergaard ASSOCIATED PRESS WASHINGTON In fury and despair, patients harmed by Lasik eye surgery told federal health advisers yesterday of severe eye pain, blurred vision, and even a son's suicide. The advisers recommended that the government warn more clearly about the risks of the hugely popular operations. About 700,000 Americans a year undergo the elective laser surgery.

Like golf star and famed Lasik recipient Tiger Woods, they're hoping to throw away their glasses, just as the ads say. And while the vast majority benefit most see 20-20 or even better about one in four people who seeks the surgery is not a good candidate, and a small fraction suffer serious, life-changing side effects: worse vision, severe dry eye, glare, and inability to drive at night "Too many Americans have been harmed by this procedure and it's about LASIK, Page A16 Boston Inner Harbor of Seaport 'America Hotel Pavilion 4 By Thomas C. Palmer Jr. GLOBE STAFF A $300 million-plus plan to modernize and expand the Black Falcon Cruise Terminal for waterborne visitors to Boston has run aground at City Hall. Although the City of Boston stands to gain $40 million to $50 million over a decade from Cargo Ventures LLC's plan to revitalize the facility, the Menino administration opposes the company's proposed redevelopment of an adjacent warehouse building, which was supposed to finance construction of the new terminal.

Cargo Ventures disclosed its plan late last year to redevelop the parallel structures: the deteriorating Black CRUISE TERMINAL, Page A16 Bronstein Center if 8oston E' Oesign- v5- Center Black Falcon Cruise Terminal DAIGO FUJIWARAGLOBE STAF MBTA prepares to do some serious name-dropping Tufts Medical Center rebranding means signs must change NEW ENGLAND CENTER By Jeffrey Krasner GLOBE STAFF Taking "New England" out of the name of Tufts-New England Medical Center last month was the easy part. But the hospital's rebranding will be more difficult for the MBTA, which has to make the name change at its New England Medical Center stop on the Orange Line. In addition to the signs at the station, the has to make changes on thousands of signs at each of the transit system's stations, as well as on printed maps, recorded announcements, and websites. "It cannot be done overnight. It's a lengthy process," said Joe Pesaturo, a RENAME, Page A16 jlbfts "i fj Cswko- 1 -4 GEORGE RIZLRGLOBE STAFF Tufts Medical Center dropped the "New England" from its name last month.

Now, the MBTA's website and all the Orange Line signs, maps, and announcements must be altered to reflect that change. COMING TOMORROW A dancer's life Being a soloist with the Boston Ballet keeps Rie Ichikawa on her toes. Odd Jobs. G9 Young brokers wanted Younger real estate brokers find success using new technologies to sell homes and attract clients. Real Estate HI Dodge crossover With the Journey, Dodge enters the booming crossover market.

Automotive Jl Search for tomorrow's audience Soap operas adopt prime-time techniques in bid to attract new viewers..