The Ticker

Written By Unknown on Sabtu, 25 Januari 2014 | 00.32

Credit Suisse buys 400 Atlantic Ave.

Investment bank Credit Suisse bought 400 Atlantic Ave. in Boston for $50 million from New York's Colonnade Properties, according to Registry of Deeds documents filed this week. The law firm Goulston & Storrs is the sole tenant in the 99,749-square-foot office building. "We have a 10-year lease that we just re-upped, so we have no plans to move anywhere," spokesman Jeff Scalzi said.

Rhode Island Assembly urged to pass 38 Studios settlement bill

The lawyer for the Rhode Island economic development agency that is suing Curt Schilling over its failed investment in his video game company said yesterday that passing proposed legislation encouraging out-of-court settlements will help maximize any potential financial recovery.

The agency is suing the former Red Sox pitcher and 13 others after 38 Studios went bankrupt. The agency was responsible for a $75 million loan guarantee given to the company. The bill under consideration would shield any party that settles with the state from a lawsuit filed by a co-defendant over damages that co-defendant is found liable for.

Starbucks sales cool off

Starbucks Corp. yesterday reported that sales at established stores in its U.S.-dominated Americas region cooled more than analysts expected in its latest quarter as consumers spent more time holiday shopping online than at physical stores. Global sales at Starbucks cafes open at least 13 months were up
5 percent, versus analysts' average estimate for a
5.9 percent rise, according to Consensus Metrix.

Today

 Procter & Gamble and Samsung Eletronics report quarterly financial results before the market opens.


THE SHUFFLE

Wayfair, the largest online retailer of home furnishings and decor, appointed Christiane Lemieux, above, as executive creative director. In her new role, Lemieux will provide creative vision and counsel across the company's growing portfolio of home brands including Wayfair.com, AllModern, Joss & Main and DwellStudio.

 General Catalyst Partners, a Cambridge, Palo Alto, Calif., and New York-based venture capital firm that makes early stage equity investments, has named Donald Fischer as its newest venture partner. In this role, Fischer will identify and lead investments in early stage enterprise companies.


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