The Ticker

Dun & Bradstreet buys NetProspex for $125M

Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, announced yesterday it has acquired NetProspex, a Waltham-based company offering contact data and data management service, for $125 million. NetProspex, which employs 125, will continue to operate out of its Waltham office with CEO Michael Bird becoming general manager of the new Dun & Bradstreet NetProspex division.

J.C. Penney to shut 40 stores, 2 in Mass.

J.C. Penney Co. said yesterday that it will close about 40 U.S. stores this year, including two in the Bay State, at the Hanover Mall in Hanover and the Silver City Galleria in Taunton. The nationwide closings would cut about 2,250 jobs. Most of the stores will close by April 4, the Plano, Texas-based department store operator said.

MIT gets $118M gift for real estate lab

The Massachusetts Institute of Technology yesterday announced it has received a $118 million gift from an alumnus to advance socially responsible and sustainable real estate, with a focus on China.

The gift from Samuel Tak Lee, who earned two degrees from MIT in the early 1960s, is one of the largest in the school's history.

The money will be used to establish the Samuel Tak Lee MIT Real Estate Entrepreneurship Lab, and will fund student fellowships and support research on real estate and urbanization.

Coca-Cola to cut up to 1,800 jobs

Coca-Cola Co. will cut as many as 1,800 jobs, or about 1 percent of its global workforce, as the world's largest beverage company reduces costs amid a sales slump.

The first employees to be fired were notified yesterday and more jobs will be eliminated in the coming months, the company said in an e-mailed statement. The cuts will stretch across Coke's corporate headquarters and North American operations, both based in Atlanta, as well as its international units.

Today

• Labor Department releases employment data for December.
• Commerce Department releases wholesale trade inventories for November.
• The Charlestown, R.I.-based Randall Family of Cos., which includes Kinlin Grover Real Estate on Cape Cod as well as Page Taft and Randall Realtor in Rhode Island and Connecticut, has announced the appointment of Kathy Forrester, left, as marketing director. Forrester has previously held marketing management positions at Hydroid, AMA Nantucket, Talbots and Walt Disney World.

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