New Hampshire Business Newsreel
UNH launches hospitality program
DURHAM — The University of New Hampshire Peter T. Paul College of Business and Economics has created a new curriculum that lets undergraduates specialize in three areas: event management, lodging and resort management, and food and beverage management.
The new specializations, designed to prepare students to gain the skills they will need to someday become executives, will be offered starting in fall of 2014, the school said. Each has a dedicated faculty member with both industry and academic experience suited to mentor and guide students through their educational career.
Two additional specializations are in development — marketing and sales management, and financial development and asset management. Paul College expects to launch these specializations for fall 2015.
Honeywell CEO names vice chairmen
Honeywell International Inc. Chief Executive Officer Dave Cote made the biggest management changes of his 12-year tenure, picking two vice chairmen to speed acquisitions and raise the role of software across the company.
The manufacturer named Roger Fradin, 60, vice chairman to pursue $10 billion in acquisitions, and Andreas Kramvis, 61, was appointed vice chairman in charge of the company’s software initiative.
Both positions are newly created, Morris Township, N.J.-based Honeywell said in a statement.
After becoming CEO in 2002, Cote, 61, has cut costs and shed lagging businesses while focusing on energy services and aerospace to increase profits.
Safety group calls for probe of Chevy Impala air bags
WASHINGTON — General Motors, which has recalled 2.6 million cars for faulty ignition switches that caused air bags to deactivate, may also have a defect in air bags in 2003 to 2010 Chevrolet Impalas, an auto safety watchdog group said on Monday.
In a letter to the National Highway Traffic Safety Administration, the Center for Auto Safety said that the computer code, or algorithm, which determines when an air bag deploys in an accident may improperly turn off the air bag if an occupant is bounced in his or her seat just before an accident.
There have been 143 fatalities in front-impact crashes in 2000-2010 model year Impalas in which the air bags failed to deploy, according to the center, and in 98 of them, the occupants were wearing safety belts.