What you might have missed Tuesday from the world of business

About six months after Danish wind farm developer DONG Energy established its US headquarters in Boston, the company is already making a move to expand beyond New England. DONG unveiled plans on Tuesday to acquire the rights to develop an offshore area near Atlantic City, N.J. The area in question is about 10 miles offshore, covers about 160,000 acres, and has an average water depth of 80 feet. DONG didn’t disclose the financial terms of the deal. DONG is already a leader in building and operating wind farms in Europe. The New Jersey project would be DONG’s second wind farm in the US, following a project of a similar scale that would be built south of Martha’s Vineyard. To develop the Massachusetts project, DONG is lobbying the state Legislature for a bill that would, among other things, require big electric utilities in the state to purchase a certain amount of offshore wind power.

JON CHESTO

A strong holiday shipping season and a couple of favorable economic situations temporarily turned around the financial fortunes of the Postal Service, officials said Tuesday. The post office reported a $307 million profit between October and December of 2015, as compared to a $754 million loss the previous year. That was in part because increases in holiday shipping during the first quarter of the fiscal year, which begins in October. But postal officials warned that without favorable interest rate changes and a postal surcharge that will expire in April, they would have had a net loss of approximately $700 million in the first quarter.

ASSOCIATED PRESS

Speeding past Wall Street’s expectations, Walt Disney Co. on Tuesday reported a 28 percent increase in quarterly profit, with “Star Wars: The Force Awakens” as the primary engine. But operating income at Disney’s vast cable television division, which includes ESPN and has been an area of intense scrutiny for investors in recent quarters, fell by 6 percent, largely because of the timing of a half-dozen college football bowl games. For the quarter that ended Jan. 2, the second of Disney’s fiscal year, the entertainment giant reported net income of $2.88 billion, or $1.63 a share, up from $2.18 billion, or $1.27 a share, a year earlier. Counting one-time items, including $27 million worth of severance and termination costs at ESPN, earnings for the most recent quarter were $1.73 a share. Revenue rose 14 percent, to $15.24 billion.

NEW YORK TIMES

Acquisitions helped CVS Health’s fourth-quarter profit climb 13 percent, and leaders of the drugstore operator and pharmacy benefits manager said Tuesday that they expect to reap more gains from their deal making later this year. The Woonsocket, R.I., company spent more than $10 billion to buy pharmaceutical distributor Omnicare in a deal that closed last summer and about $1.9 billion to take over the pharmacy and clinic business of retail giant Target Corp.

ASSOCIATED PRESS

Red Lobster says it’s feeling the ‘‘Beyonce Bounce.’’ The seafood chain known for its cheddar biscuits says sales surged 33 percent on Sunday, compared with last year’s Super Bowl Sunday. The increase came after the release of ‘‘Formation,’’ in which Beyonce says she took a man to Red Lobster after sex. Red Lobster says it’s sure the mention is responsible for at least part of its sales jump. The pop culture spotlight is no doubt a welcome change for Red Lobster, which was sold by Darden Restaurants in July of 2014 after it suffered ongoing declines in sales.

ASSOCIATED PRESS

A former business titan convicted more than a decade ago in a notorious corporate fraud case that featured headline-grabbing tales of excessive spending is now board chairman of a New York City nonprofit that helps onetime prisoners reenter society, the group announced Tuesday. Former Tyco International CEO L. Dennis Kozlowski, who served 6½ years behind bars after he and another executive were convicted of looting the security systems company of $600 million, said he was honored to lead the Fortune Society’s 31-member board. Kozlowski used Tyco funds for lavish spending, including a $6,000 shower curtain and a $2 million toga party he threw on the Italian island of Sardinia in 2001 — complete with an appearance by Jimmy Buffett and an ice sculpture of Michelangelo’s ‘‘David’’ urinating vodka.

ASSOCIATED PRESS

Job openings climbed in December to the second-highest level on record, a sign demand for labor remains strong. The number of positions waiting to be filled rose by 261,000 to 5.61 million from a revised 5.35 million in November, the Labor Department reported Tuesday in Washington. The reading was just behind the 5.67 million reached in July that was the highest since data began in 2000. Construction companies and manufacturers were among employers looking to boost staff, and more people had the confidence to quit their jobs.

BLOOMBERG NEWS

Viacom’s top executive came out fighting Tuesday, defending his recent promotion to the post of executive chairman. But the company’s most recent quarterly results, as well as several bleak analyst forecasts, undermined his arguments, and sent shares down more than 21 percent. After Viacom reported that its profit plunged 10 percent and revenue fell 6 percent during the latest quarter, Philippe P. Dauman, Viacom’s chief executive, challenged an analyst’s depiction of its “exceedingly poor performance” over the last several years. He attributed some of Viacom’s recent decline to “a lot of noise” around the company, and said that “no one should doubt” his resolve in resuscitating the company’s stock price. Last week, the ailing 92-year-old media mogul Sumner M. Redstone resigned as executive chairman of the company (while also yielding the executive chairman’s post at CBS). The board named Dauman his successor. Yet Sumner Redstone’s daughter, Shari Redstone, did not support Dauman’s appointment, and other shareholders have voiced concerns about Dauman’s ability to lead the company.

NEW YORK TIMES

Sears Holdings Corp., the department-store chain run by hedge-fund magnate Eddie Lampert, plunged 8.8 percent after analysts warned that the company is no longer “viable as a retailer in its current form.” A shrinking cash pile and narrower gross margins will require the money-losing company to take on more debt this year, Evercore ISI analyst Greg Melich said in a report, which he co-wrote with Matt McGinley. Even if it gets through 2016, Sears faces a “larger liquidity event” — a cash crunch requiring some action — the following year, Melich said.

BLOOMBERG NEWS