Friday, January 11, 2013
The owner of Shaw's and Star Market is selling stores to Cerberus Capital Management.
Shaw's and Star Market agreed to sell several stores to Cerberus Capital Management as part of $3.3 billion deal, according to a report in the Boston Globe Thursday. Cerberus Capital Management is a private equity firm that also controls Steward Hospital Health Care System. Supervalu Inc. of Minnesota owns Shaw's and Star Market and is expect to sell 169 stores as part of the deal for $100 million in cash, while Cerberus will assume $3.2 billion in existing debt the Globe reports. While the Boston Herald wrote "no immediate changes are planned for the West Bridgewater-based Shaw’s and Star Market grocery chains," the paper reported the deal "prompted speculation that some Shaw’s and Star Markets could return to the block after the deal …
Tuesday, December 11, 2012
Blue Hills' Vincent Burton has a football career for the record books for the Warriors.
Tuesday, December 11, 2012
Blue Hills football standout Vincent Burton was named as the Division 4A player of the year by the Boston Globe. A fullback-linebacker, Burton ran for 2,196 yard, 36 touchdowns and lead Eastern Mass in scoring with 259 points. His performance put him in upper elchon of Eastern Massachusetts football all-time with 650-point, third best in state history and 5,530 yards, which is sixth all-time.
Thursday, December 6, 2012
Reebok announced Tuesday that seven percent of their workforce at the headquarters in Canton are being eliminated.
Layoffs are going to be taking place at the Reebok International Ltd. headquarters in Canton. Reebok said Tuesday, according to a report in the Boston Globe, that they will be eliminating 65 positions or seven percent of the workforce in Canton. Worldwide, Reekok is eliminating 150 jobs, closing offices in Amsterdam and Hong Kong. Reebok is owned by Adidas AG, a German-based compamy, who cut the 2015 sales forecast from $3.9 million to $2.6 million recently. Losing the National Football League contract and the ongoing National Hockey League site wasn't a factor in the layoffs, according Reebok spokesman Dan Sarro, in the Boston Globe article. http://www.boston.com/businessupdates/2012/12/04/struggling-reebok-cuts-jobs-canton-…
Monday, November 12, 2012
A US Court of Appeals panel upheld a lower court ruling saying that a company policy violated state laws.
Starbucks owes baristas across Massachusetts more than $14 million for “violating state laws preventing supervisors from sharing in tips pools,” reported The Boston Globe. A US Court of Appeals panel upheld a lower court ruling on the issue in which “Starbucks baristas challenged the Seattle coffee chain’s practice of requiring them to share tips with shift supervisors, according to a class-action lawsuit filed in 2008,” reported The Globe. The ruling reportedly affects about 11,000 baristas who worked in Starbucks between 2005 and 2001. Norwood's Starbucks location is at Route 1 and Dean St.