Report: BJ’s to sell?
NEW YORK Rumors have surfaced that wholesaler BJ’s is looking to sell.
The news first was reported by the New York Post, which cited a source close to the matter. The report said that BJ’s is looking to hire an adviser to aid its business-making decisions, including a possible sale to a private equity, naming Los Angeles-based firm Leonard Green & Partners as its likely buyer.
BJ’s will announce its financial earnings for the third quarter, which ended Oct. 30, on Nov. 17. As of Oct. 30, BJ’s Wholesale Club operated 190 warehouse clubs in 15 states.
FDA grants fast-track designation for CDI vaccine
SWIFTWATER, Pa. A vaccine for a bacterial infection that affects the gastrointestinal tract has been granted expedited approval by the Food and Drug Administration.
French drug maker Sanofi-Aventis announced Tuesday that it had received fast-track designation from the FDA for its investigational Clostridium difficile vaccine. The FDA grants the designation to ease the development of new drugs and vaccines for serious or life-threatening conditions or unmet medical needs.
C. difficile infection, or CDI, is one of the most common hospital-acquired infections in the developed world. The bacteria are present without causing symptoms in around 60% of infants and 3% of adults. Antibiotic treatments sometimes can disrupt the bacteria in the gut, causing C. difficile to multiply and release toxins that cause the symptoms associated with CDI.
American Greetings’ Yakety Yaks cards talk back
CLEVELAND Everyday objects are taking center stage in a new line from American Greetings.
The new Yakety Yaks line features innovative music and motion technology in which quirky characters belt out hilarious songs that are perfect for celebrating any occasion, the company said.
"[Yakety Yaks] definitely put a smile on our faces while we were working on the line, and they are sure to put a smile on any recipient’s as well," said Carol Miller, executive director of new product concepts at American Greetings.