The latest Central Massachusetts business news
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Thursday, August 9, 2018
 
B&Bs vs. Airbnbs
 
A decade after Airbnb's debut, the website has turned into a behemoth, with a presence in nearly 200 countries and an influence critics say has increased housing prices in places where people buy a unit simply to rent it out on the website.
 
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Acacia expecting normal Q3 operations with ZTE back
 
Shares of Maynard maker of optical networking technology Acacia Communications have jumped nearly 20 percent since last week when it said the business will get back on track in the third quarter with its largest customer allowed back into U.S. commerce.
 
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Boston Scientific eyes reintroducing recalled, remade product
 
Boston Scientific will soon submit the final technical module to the U.S. Food and Drug Administration for a heart valve product.
 
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Virtusa reports 32% revenue bump, but $7.4M in Q1 losses
 
Southborough global IT firm Virtusa is facing a $7.4-million loss in its first quarter despite its revenues jumping 32 percent year-over-year and 6.6 percent sequentially.
 
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Swissturn employees given privacy to use marijuana outside of work
 
xford-based Swissturn has never drug tested prospective employees. Making sure employees are sober and aren't bringing marijuana to work is now the priority rather than policing the private lives of workers, President Ken Mandile told the WBJ in an interview.
 
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Clinton building among others added to list of market-ready business properties
 
Industrial properties in Clinton, Gloucester and Wilmington and an office building in Framingham have been added to a non-profit's list of properties available to businesses for immediate occupancy and development.
 
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Baker to allow sales tax holiday this weekend
 
Gov. Charlie Baker plans to authorize a sales tax holiday for this weekend, his office said Thursday morning, but the fate of the rest of the economic development bill and a slew of others due for action Thursday remains unclear.
 
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Regional Roundup
 
 
Question of the Week
 
Tuesday we asked: Housing prices in Worcester County continue to rise, with the latest report saying home sale prices rose 11 percent in June compared to last year.
What portion of your income goes to housing costs compared to a decade ago?
  • Housing costs have increased slightly, but income has increased significantly.
  • Mostly because my mortgage is paid off but real estate tax and utilities are still very high
  • Paying significantly more in property taxes, but that is to be expected.
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Most Read
 
First tenants announced for Trolley Yard plaza in Worcester
 
 
Framingham State named New England's best fashion school
 
 
SHINE appoints new executive director from YOU
 
 
Riverdale Mills: Steel tariffs hurting American companies, jobs, seafood
 
 
Scrap metal yard opens in Worcester
 
 
Weed & the workplace
 
 
Hologic to acquire Ariz. breast health firm for $85M; profits rise 90%
 
 
Milford Crossing 92% leased with two new tenants
 
 
Worcester's first medical marijuana dispensary a homecoming for Good Chemistry
 
 
 
 

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Worcester Business Journal
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