The Ticker

Demoulas CEO loses fight

Market Basket CEO Arthur T. Demoulas lost his court fight challenging the independence of the grocery chain's chairman yesterday.

A Suffolk Superior Court judge ruled that the CEO and shareholders aligned with him as part of a long-running family feud failed to show that chairman Keith

Cowan didn't meet standards of independence as required by a 1998 court order for three of the company's seven directors.

The CEO had alleged that Cowan was "controlled" by cousin Arthur S. Demoulas, a Market Basket shareholder and director with whom he's been locked in a battle over the company's control.

A board spokeswoman did not respond to Herald inquiries, and Arthur T. Demoulas was unavailable for comment.

The court ruling is another setback for the CEO. In September, the same Suffolk Superior Court judge refused his request to block a $300 million shareholder payout as part of the same lawsuit filed that month.

Boston Beer Co. revenue rises

The Boston Beer Co. reported fourth-quarter 2013 net revenue of $205.4 million, an increase of 
$52.4 million, or 34 percent, over the same period last year, mainly due to core shipment growth. Net income for the fourth quarter was $18.1 million, an increase of $1.2 million from the fourth quarter of 2012. This increase was primarily due to shipment increases, partially offset by increased investments in advertising, promotional and selling expenses. 

Reebok signs supermodel Miranda Kerr

Reebok has revealed its new campaign with international supermodel Miranda Kerr for its new shoe, Skyscape. The new shoe features 360 degrees of foam thanks to construction processes borrowed from the lingerie industry.

Today

•  Commerce Department releases new home sales for January.
•  House Transportation and Infrastructure subcommittee hearing on passenger and freight rail safety.

TOMORROW

•  Labor Department releases weekly jobless claims.
•  Commerce Department releases durable goods for January.
•  Freddie Mac releases weekly mortgage rates.

The Shuffle

•  Joseph A. Leonard Jr., left, formerly Massachusetts deputy commissioner of banks and general counsel to the Massachusetts Division of Banks, has joined the law firm of Nutter McClennen & Fish as senior of counsel in its banking and financial services practice, the law firm announced. Leonard will work with banks, credit unions, mortgage companies, and other licensees regulated by the division of banks that are clients of the law firm.s Banking and Financial Services practice. "Joe brings a Division of Banks insider's perspective to our banking practice that will be valuable to our clients," said Kenneth F. Ehrlich, co-leader of the Banking and Financial Services practice group. 

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