Dunkin' plans to open 1,400 stores in China
Dunkin' Donuts has struck a deal to open more than 1,400 locations in China over the next 20 years.
Parent company Dunkin' Brands Group Inc., which is based in Canton and owns Baskin Robbins, yesterday said it entered into a master franchise agreement with Golden Cup Pte. Ltd.
A year ago, Dunkin' Donuts also announced a separate agreement with Fast Gourmet Group to develop more than 100 stores in eastern China. And on Monday, the chain said it signed a franchise agreement to open more than 100 locations throughout Mexico.
Dunkin' Donuts ended the most recent quarter with about 3,200 international locations. In the U.S., it had about 8,000 stores.
Northeast Utilities gets new name
Northeast Utilities, the parent company of NSTAR, is adopting a new name as part of a rebranding effort.
Beginning Feb. 2, the utility, and all its subsidiaries including Connecticut Light and Power, NU Transmission, Western Massachusetts Electric Co., Public Service of New Hampshire, NSTAR Electric and Gas and Yankee Gas Services Co., will be known as Eversource Energy.
The company said it launched an internal initiative in 2013 focusing on integrating its electric and gas companies and improving customer service. It included options for the utility's brand as it worked to integrate the company in Connecticut, Massachusetts and New Hampshire.
NSTAR to refund $44.7M to customers
NSTAR will refund $44.7 million to customers, resolving 11 outstanding cases before the Department of Public Utilities, Attorney General Martha Coakley announced yesterday. NSTAR overcharged customers for various capital improvements, for which the company was allowed to charge before the entire project was completed. NSTAR also charged customers twice for pension benefit costs. The settlement will mean reductions in rates in upcoming bills after DPU approves it.
TODAY
Labor Department releases weekly jobless claims.
TOMORROW
Labor Department releases employment data for December, 8:30 a.m.
Commerce Department releases wholesale trade inventories for November.
THE SHUFFLE
William J. Bernat has been made partner at Nutter McLennen & Fish. Bernat represents clients in a broad range of industries, including life sciences, technology, social media and consumer products, in connection with private equity, venture capital and angel financing transactions, mergers and acquisitions, and corporate governance issues.
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