Unified Foodservice Purchasing Co-op LLC, the exclusive purchasing agent for Yum! Brands Inc., has signed a distribution deal that makes Temple, Texas-based McLane Foodservice Inc. the exclusive provider of products to Yum’s A&W, KFC, Long John Silver’s, Pizza Hut and Taco Bell restaurants. Terms of the agreement were not disclosed. Louisville-based Yum (NYSE: YUM) is […]
Related News Restaurant giant Yum! Brands Inc. reaffirmed its 2010 profit forecast Friday and said its expects 2011 earnings per share to grow by at least 10 percent more. In a news release issued in advance of its annual investor update meeting, the company stood by its target of 14 percent EPS growth in 2010, […]
Google’s rumored $6 billion acquisition of Chicago online discount service Groupon would send shockwaves through the high-tech and bargain Web site industries, experts say. That price tag is extraordinary for a company founded in 2008, said Michael Greeley, general partner at Flybridge Capital Partners. The top 15 tech companies – including Google, Cisco, Microsoft and […]
WASHINGTON (Reuters) – Commercial real estate vacancy rates have already peaked or will soon top out, though rents are likely to continue to fall, a realtors group said on Monday. The National Association of Realtors said it expects the vacancy rate for office space to rise a tick to 16.7 percent this quarter and gradually […]
The local outlook on the beat-up commercial real estate sector may have improved slightly, according to a new survey devised by the University of St. Thomas. The index, based on a poll of 50 commercial real estate leaders in the area, registered 54.1, up slightly from 53.5 last spring when the index was first released. […]
Starbucks Corp. isn’t saying whether Peet’s Coffee & Tea is a potential acquisition target, but there’s no doubt the Seattle-based coffee giant is interested in “buying large and small companies” to grow its consumer products business. As Reuters reported, CEO Howard Schultz said exactly that at an investor conference Wednesday in New York. And there’s […]
LISBON — Sara Vale Lima, sales manager at Eical, a Portuguese textile company, feels suffocated by the euro. The common currency once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness. Multimedia […]
SmartCells Inc., a Beverly diabetes drug developer, is to be acquired by Merck & Co. Inc. for a total of about $500 million, according to a news release today. The transaction will bring SmartCells’ outstanding stock to Merck, while SmartCell shareholders will be given an upfront cash payment, plus potential development and regulatory milestone payments. […]
Boston University trustee Bahaa Hariri has pledged $15 million to build an institute that will focus on research and initiatives that use computation for interdisciplinary applications, according to a report in BU Today. Faculty at the Bahaa Hariri Institute for Computational Science and Engineering will focus on applying computation to four main application-based clusters, including […]
BOSTON – Sanofi Pasteur has entered into a long-term lease extension with Thirty-Eight Sidney Street Limited Partnership, a partnership between Forest City Enterprises and M.I.T., for 53,401 square feet at 38 Sidney Street, located in University Park at MIT in Cambridge, Mass. Sanofi Pasteur will continue to occupy the top two floors of the five-story, 122,000-square-foot […]
