Commuters facing long delays after a train collision disrupted their route along Connecticut’s shoreline can look forward to easier traveling beginning Tuesday afternoon. Limited, slower train service was resuming four days after a derailment injured scores of commuter rail passengers. Metro-North has been using buses to shuttle passengers around the affected area. One of two damaged tracks has been rebuilt and returned to service for Metro-North Railroad and Amtrak. Metro-North will operate about half the regular Tuesday evening rush-hour service. The operation will require a reduced speed of 30 mph. Trains will use a single track for seven miles around Bridgeport, forcing delays. Normal commuter rail service from Connecticut to New York City, along with Amtrak service between Boston and New York, was scheduled to resume during Wednesday morning’s rush hour. Biogen Idec Inc., which cemented its place as the dominant multiple sclerosis drug maker in March when it won US approval to sell an MS pill, said Tuesday it has applied to the Food and Drug Administration to market a third injectable MS drug. Jones Lang LaSalle, a commercial real estate firm with a big presence in Greater Boston, said its construction unit has been appointed general contractor for the Warehouse Bar & Grille, a new restaurant on the corner of Boston’s Milk and Broad streets. The restaurant, which is scheduled to open in mid-August, will feature “a modern industrial design, polished concrete floors, an exposed ceiling, stainless steel accents, and a monochromatic palate,” Jones Lang LaSalle Construction said. With seats for just over a hundred customers, the Warehouse Bar & Grille aims to “bridge the gap between sports bars and upscale eateries,” the firm said. “The Broad Street location will serve as a neighborhood gathering place for business lunches, after-work cocktails, dinner dates, weekend brunch, and large group events,” Warehouse owner Cliff Dever said. If you’ve ever had a hankering to be lionized as a hot dog uber chef, this could be your big chance. Kayem Foods, the Chelsea company known for its Fenway Franks (as well as for its brats, sausage, and deli meats), is launching a contest that invites aspiring food buffs to lavish their culinary creativity on the hot dog. “The winning dog will be announced on National Hot Dog Day, July 23, and will be served at Red Sox games at Fenway Park that night and select games thereafter,” Kayem said in a press release. More from the release: “Kayem’s ‘Create The Next Fenway Frank’ contest will continue through June 15 and fans can visit facebook.com/kayemfranks to create and submit their signature frank.” TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said first quarter net income rose 8 percent to $453 millon. First quarter diluted earnings per share were $.62, a 13 percent increase over last year’s $.55, TJX said. Sales, meanwhile, grew 7 percent to $6.2 billion. At stores open at least a year, sales rose 2 percent. That second measure, known as same-store sales, is closely watched by Wall Street analysts who regard it as a key barometer of a retailer’s performance. TJX chief executive Carol Meyrowitz said: “We are very pleased with our first quarter results, especially as they were achieved over the highest year-over-year comparisons for quarterly comp sales and EPS growth of this year Boston ad agency Arnold Worldwide said it is launching the first national ad campaign for the ComforPedic mattress brand from Simmons. The mattress is billed as “the better memory foam,” and one subliminal marketing mantra is, “Sleep smarter.” Or as the ComforPedic website puts it: “Smart begins with better sleep. Better sleep begins with ComforPedic.” According to Arnold, TV spots feature a “never before seen effect of a bedroom whose walls are actually rear projection screens so that the room literally comes alive with the dreams” of celebrity snoozers who’ve been recruited to appear in the ads. These “famous sleepers” (as Arnold calls them) include oceanographer Phillippe Cousteau, graph theorist Maria Chudnovsky, and former astronaut Mae Jemison. Other Arnold clients include Fidelity Investments, Jack Daniel’s, Progressive Insurance, and Volvo. Christopher Probyn, chief economist for State Street Global Advisors, is expected to discuss the apparent disconnect between strong stock market gains and fiscal tightening in economies in the US and Europe at the first event of the newly formed Boston chapter of the National Association for Business Economics. The group, informally known as NABE Boston, has scheduled its first meeting for June 13 at the Federal Reserve building in downtown Boston. The group was formed to provide professionals in every industry who are interested in economics with a forum for sharing their ideas and networking with colleagues. NABE Boston is headed by Gregory Daco, an economist at IHS Global Insight. Anyone using economics in their professional activities, or simply interested in learning more about economics, is welcome to attend. | | |
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