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GE to buy Thermo Fisher units for $1.06 billion

General Electric Co.'s health care unit agreed to buy several life-science businesses from Waltham-based Thermo Fisher Scientific Inc. for about $1.06 billion, its third biopharmaceutical acquisition in as many years.

The deal with GE, expected to close early this year, includes Thermo Fisher's cell-culture business, which includes media and serums used to manufacture medicines and vaccines.

Senate confirms Yellen to lead Fed

Janet Yellen was confirmed by the Senate yesterday to lead the Federal Reserve, succeeding Ben Bernanke, whose second four-year term as Fed chairman expires Jan. 31. Yellen will become the first woman to run the Fed in its 100-year history. She is currently the Fed's vice chairwoman. The vote to approve her was 56-26.

DOT to vote on new rail operator

Transportation officials were poised to vote on the selection of a new operator for the state's commuter rail network, replacing the company that has run the system for the past decade. The board of directors of the Department of Transportation scheduled a vote for tomorrow on a proposed contract with Keolis Commuter Services, a subsidiary of the French company Keolis, which operates public transit systems in more than a dozen countries.

Men's Wearhouse ups bid for Jos. A. Bank

Men's Wearhouse Inc. took its fight to buy Jos. A. Bank Clothiers Inc. directly to shareholders by raising its bid and beginning a cash tender offer that would value the suit retailer at $1.61 billion.

The $57.50-a-share offer, higher than a previous bid and a 38 percent premium to the closing price on Oct. 8, expires on March 28, Houston-based Men's Wearhouse said today in a statement.

Today

• Commerce Department releases international trade data for November.

Tomorrow

• Federal Reserve releases consumer credit data for November.
• Federal Reserve releases minutes from December interest-rate meeting.
• Payroll processor ADP releases private-sector employment figures for December.

Plimoth Investment Advisors have announced the promotion of Mark J. Gendreau to the position of assistant vice president and investment officer. Gendreau joined Plimoth Investment Advisors in 2009 and was named Investment officer/trader in 2010. Prior to joining Plimoth Investment Advisors, he was a credit analyst at Citizens-Union Savings Bank (now BayCoast Bank).

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