Thursday, February 3, 2011

Daily Business Update from the Boston Globe

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Thursday, February 3, 2011

NY Times Co. reports profit drop
The New York Times Co. reported an operating profit of $111.6 million in the fourth quarter, an 18 percent decline.

Hayward Place developer looks to move forward
The developer of Hayward Place, a proposed residential-and-retail building for Dowtown Crossing, said today that it has gotten city approval to modify the building's earlier design and added that it hopes to begin construction in early summer.

DuPont’s Kullman to address BC CEO Club
DuPont chief executive Ellen Kullman is scheduled to be the keynote speaker at the Boston College's Chief Executives� Club of Boston luncheon Feb. 10 at the Boston Harbor Hotel�s Wharf Room.

Hotels can hire bedbug-sniffing dogs
The Boston bed-bug business Sniff K9, which uses dogs to detect the mattress-dwelling pests and heat to kill them, has launched a bed-bug certification program for hotels and retailers.

Boston-Power has new CEO
Boston-Power Inc., a Westborough company that provides lithium-ion battery cells, battery modules and battery management systems, said that Keith Schmid has been appointed as chief executive.

Sunovion schizophrenia drug is now available
Marlborough drug company Sunovion Pharmaceuticals Inc. said that Latuda tablets, a treatment for adults with schizophrenia, is now available by prescription in pharmacies across the United States and Puerto Rico.

TJX reports above-plan January sales
TJX Cos, the Framingham company that operates such chains as T.J. Maxx, Marshalls, and HomeGoods, said its January sales were "above plan" despite less than ideal shopping weather and added that it expects 4Q earnings to exceed its forecast.

BJ's confirms it is exploring a possible sale
BJ's Wholesale Club Inc., the Westborough- based chain of warehouse club stores, said today has "decided to explore and evaluate strategic alternatives, including a possible sale of the company."

Dunkin’ says 2010 was a strong year
Dunkin' Donuts and Baskin-Robbins said that preliminary results indicate that the two chains had global system-wide sales for fiscal 2010 of about $7.7 billion, up nearly 7 percent from $7.2 billion for fiscal 2009.

Wednesday, February 2, 2011

Time Warner Cable buys NaviSite for $230m
Cable and Internet service provider Time Warner Cable Inc. said Tuesday that it will buy NaviSite Inc. for roughly $230 million in a bid to offer more Web-based services to its business customers.

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