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Tue. Dec. 18, 2012 Restaurant Sciences survey: Consumers say ‘hang the expense’ when it comes to enjoying restaurant wine by the glass Many wine buffs take a spare-no-expense attitude when it comes to ordering a glass of Chardonnay at a restaurant, suggests a new survey from Restaurant Sciences. When out on the town, consumers who order wine by the glass tend to “select by palate rather than price,” said Restaurant Sciences, a Newton company that collects and analyzes data about food and beverage consumption in restaurants, bars, and food-service establishments. In compiling its wine-by-the-glass survey, the firm said it analyzed 10 million wine purchases.	Advertisement
Campanelli sells medical office building in Westwood Campanelli, a Braintree-based commercial real estate firm, said it has sold a medical office building in Westwood to 30 Perwal Associates LLC. Financial details of the transaction were not included in Campanelli’s press release. Campanelli said it purchased the 101,000 square foot property in September 2010 and executed a long term net lease for the entire building with Steward Health Care in November 2010. Steward operates a local hospital chain.
Cerberus plans to sell investment in gunmaker after Connecticut school shootings Cerberus Capital Management, the investment firm that controls the Steward Hospital Health Care System hospital chain in Boston, said that it will sell its investment in Freedom Group, the company that makes the rifle that was used in the Connecticut school killings. “We have determined to immediately engage in a formal process to sell our investment in Freedom Group,” the firm said in a statement. A story in Tuesday’s Globe notes that Cerberus is one of the most powerful forces in the gun business.
Boston Private Financial Holdings sells three branches in Washington state Boston Private Financial Holdings Inc. in Boston said Monday it is selling its branches in Washington state to Sterling Financial Corp. of Spokane, Wash, the parent of Sterling Savings Bank.
Massachusetts Secretary of State William Galvin fines Morgan Stanley $5m for its actions in Facebook IPO Massachusetts Secretary of State William F. Galvin said Monday that his office has fined the investment banking firm Morgan Stanley & Co. $5 million for its “improper influence” over research analysts before the initial public stock offering of the social network Facebook Inc. According to Galvin, Morgan Stanley’s actions as the lead underwriter of Facebook’s IPO violated an agreement Morgan Stanley signed with the Commonwealth in 2003. Morgan Stanley shared information with institutional investors that was not made available to “Main Street investors,” Galvin said.
Brennan to leave Greenway conservancy The head of the Rose Fitzgerald Kennedy Greenway Conservancy is stepping down after eight years in charge of the downtown Boston park system, officials annnounced today. Nancy Brennan will leave the conservancy in mid-January to take a job as chief of philanthropy at the Asian Art Museum in San Francisco. Officials with the conservancy said they will soon begin a search for her replacement.
Mass. gas prices fall 5 cents a gallon, AAA Southern New England says The average price for gas in Massachusetts is $3.429 a gallon in the latest weekly AAA survey, down 5 cents from the previous week’s average, AAA Southern New England said Monday. Over the past month, the local average has fallen 16 cents. The current national average is $3.24 a gallon. A year ago at this time, the Massachusetts average price was $3.21.
Sun Life to sell annuity business, a move that will affect its Wellesley operations Canadian life insurance giant
Promedior, a biotech relocating from the Philly area, opens Lexington office Promedior Inc., a biotechnology company relocating here from Greater Philadelphia, has opened new office and lab space in Lexington, the Massachusetts Life Sciences Center said Monday. The Bay State’s life sciences “unique resources” were a big reason for the move, Promedior’s CEO said. The company is looking to develop treatments for fibrosis, and it said it has raised a total of $65 million in funding to date.
Staples president Michael A. Miles Jr. plans to resign in February Staples Inc., the office-supply giant headquartered in Framingham, said Monday that Michael A. Miles Jr., president and chief operating officer, will resign from the company, effective Feb. 2. Miles has accepted a position with Berkshire Partners, the Boston-based investment firm. In September, Staples announced plans to turn around its retail business by closing US and international stores, reducing the size of existing shops, restructuring its international business, and shaking up leadership.
CureLab, Canton vaccine firm, plans North Dakota move FARGO, N.D. — Fargo biotechnology company Aldevron has been chosen to produce cancer vaccines being developed by a Boston-area research company that plans to move most of its operations to North Dakota. The DNA-based vaccines have shown promise in animal studies in suppressing lung and breast cancers, the Forum newspaper reported. CureLab Oncology will keep a lab and office in Canton, but plans to move most of its operations sometime next year to North Dakota, possibly to Fargo or Grand Forks, where it also is collaborating with Avianax, a biotech company at the University of North Dakota.
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