Thursday, September 3, 2009

Daily Business Update from the Boston Globe

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Thursday, September 3, 2009

BP aims to be a bigger local gas station presence
By Chris Reidy, Globe Staff BP Products North America said 246 Getty gas stations are being rebranded under the BP name as BP expands in New England. Of the gas stations being converted to the BP brand over the next...

Covidien is selling some business lines
By Chris Reidy, Globe Staff Covidien plc, a medical device and pharmaceuticals maker with US headquarters in Mansfield, said it is selling two product lines and shopping around a third as it looks to streamline its portfolio and focus on...

Dainippon agrees to buy Sepracor
Associated Press TOKYO -- Dainippon Sumitomo Pharma Co.said it is acquiring Marlborough-based drug maker Sepracor Inc., which makes insomnia drug Lunesta, for about $2.6 billion in an effort to expand in the US market, both sides said today. In a...

Kennedy's funeral was a big draw for Channel 5
By Johnny Diaz, Globe Staff WCVB-TV Channel 5 had the most watched news programming in Boston with its Ted Kennedy memorial coverage last weekend. Saturday's primetime coverage of the Massachusetts senator's burial drew 303,000 total viewers to WCVB from 7...

Harvard Bioscience makes acquisition
By Chris Reidy, Globe Staff Harvard Bioscience Inc., a Holliston-based company that develops, manufactures, and markets a broad range of tools to advance life science research, said it has acquired Denville Scientific Inc. for a purchase price projected to be...

Dunkin’ adds buttermilk biscuits to breakfast lineup
(This photo from Dunkin' shows a sausage, egg, and cheese sandwich that features the new buttermilk biscuit.) By Chris Reidy, Globe Staff Dunkin' Donuts, the Canton-based coffee-and-baked-goods chain, said today that it has added buttermilk biscuits to its Oven-Toasted...

BJ's reports August sales
By Chris Reidy, Globe Staff BJ?s Wholesale Club Inc., the Natick retailer that operates 184 warehouse club stores, said that August sales for stores open at least a year fell 6 percent. Sales at stores open at least a year...

TJX reports solid August sales
By Chris Reidy, Globe Staff TJX Cos., the Framingham company that operates such offprice retail chains as T.J. Maxx, Marshalls, and HomeGoods, said August sales at stores open at least a year rose 5 percent, exceeding company expectations. Sales at...

BLS issues job snapshot for the Boston area
By Chris Reidy, Globe Staff Nonfarm employment in the Boston area fell by 65,500 over the year in July 2009, a drop of 2.6 percent; nationally, jobs were lost at a faster rate, decreasing 4.2 percent, the US Bureau of...

Thermo Fisher Scientific agrees to buy German firm
By Chris Reidy, Globe Staff Scientific instrument maker Thermo Fisher Scientific Inc. said it has agreed to buy a German diagnostics company for $470 million. Waltham-based Thermo Fisher Scientific said in a press release that the German company is B.R.A.H.M.S....

Today in Globe Business
Sepracor is reportedly a buyout target Sepracor Inc., the Marlborough drug maker best known for its Lunesta sleep aid, may soon be sold. Japan drug maker Dainippon Sumitomo Pharma Co. is preparing to launch a tender offer to buy Sepracor...

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