The Ticker

Battery maker gets cute with name

Lithium ion battery maker A123 Systems is changing its corporate name to B456 Systems Inc. to satisfy one of the embattled company's obligations under an asset purchase agreement with Wanxiang America Corp.

Chinese auto parts manufacturer Wanxiang Group acquired all of the company's heavily government-subsidized assets for more than $256 million earlier this year, after the Waltham-based company filed for bankruptcy.

Lexington co. nets major funding

QD Vision, a nanomaterials product company that makes optical components for LCD applications, has closed a $20 million round of financing to expand production capacity and fund long-term company growth. The company said its Color IQ components significantly improve LCD color performance in televisions, monitors and mobile displays.

CVS CEO pay spikes 44 percent

CVS Caremark Corp.'s President and CEO Larry Merlo's pay spiked 44 percent to $20.4 million last year. In a regulatory filing, the company said Merlo's base salary rose slightly, while other benefits saw greater increases. Merlo joined the company in 1990.

Dynasil Corp. risks delisting

Watertown-based Dynasil Corp. of America is no longer in compliance with the NASDAQ stock market after the closing price for its common stock fell below $1 per share for 30 consecutive days.

The company has until Sept. 23 to regain compliance or face delisting.

Hub on Alaska's horizon

Seattle-based airline carrier Alaska Airlines has launched nonstop flights between San Diego and Boston, the sixth new city the carrier has begun serving from the California city in the past year. To celebrate, the airline is offering a $159 one-way fare available now through April 9 for travel from April 30 through June 12.

THE SHUFFLE

• Acentech Inc. of Cambridge has hired Sarah McGillicuddy, left, as director of marketing and business development. McGillicuddy previously served as director of marketing and was a business development manager at construction management firm Richard White Sons Inc.
• Cambridge-based Tokai Pharmaceuticals Inc. has promoted Jodie Morrison to the position of chief executive officer. Morrison most recently served as chief operating officer and vice president of clinical affairs for the company.
• Square 1 Bank of Boston has hired Michael Madden as senior vice president and managing director in the Boston office. Madden was previously a principal at Edison Ventures.

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