This week's book giveaway is in the OCPJP forum. We're giving away four copies of OCA/OCP Java SE 7 Programmer I & II Study Guide and have Kathy Sierra & Bert Bates on-line! See this thread for details.
There is too little information there to say for sure if it is good or bad, but it does feel a little icky to me. The problem with static methods for this sort of thing is that they aren't very flexible - it makes it harder to reuse code without creating un-necessary dependencies, harder to mock an object for test, etc...
Since the database can be expected to change independently of the business logic (and the logic independently of the database) I feel it is generally better to isolate one from the other.
You might want or need to subclass the business object, and you might need to override or change the behavior of the way the data is taken: or you may want to generalize the interface to the business logic and how it gets the data it needs. This is all pretty simple to do until you have to think about static methods and shadowing and which version gets called. So for that reason I would rather the data-access be handled in an instance method rather than static (independent of whether it is in the same class as the business logic or not).