The latest Central Massachusetts business news
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Friday, October 13, 2017
Biostage lays off 71% of workforce after delisting
After being delisted on NASDAQ last week, Holliston biotech Biostage has laid off 17 of its 24 employees, a 71-percent reduction, the company announced Thursday.
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Railers bar to open Friday
On the eve of the Worcester Railers' first regular season game, the city's newest sports bar themed after the team will open.
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Boston Scientific closes on $300M California purchase
Marlborough medical device manufacturer Boston Scientific has closed on the $300-million purchase of a privately-held California medical device company.
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T.J.Maxx signs with Laila Ali, Barbara Corcoran
T.J.Maxx is starting an initiative on women's rights with former boxer Laila Ali and Barbara Corcoran, a celebrity investor on the entrepreneur TV show "Shark Tank."
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Marlborough tech manufacturer forms partnership for U.K. customers
A Marlborough manufacturer of systems for defense, aerospace and medical equipment, has partnered with a Norwood-based firm for European customers.
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Blackstone Valley receives $456K grant for voke/tech
The Blackstone Valley Chamber of Commerce received a $456,320 Skills Capital Grant from the state to implement vocational and technical training programs.
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Medical marijuana dispensaries begin conversion to retail
The Department of Public Health has issued guidance for registered marijuana dispensaries interested in converting to for-profit corporate entities.
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Regional Roundup
Week in review
UMass Medical School gets $10M for rare-disease research
The UMass Medical School received a $10-million donation-- one of the largest gifts ever for the school -- from a Chinese businessman with no previous connection to UMass. The gift will help fundstudies of rare diseases such as ALS, cystic fibrosis and Huntington's.
Zubretsky out as Hanover CEO
The Hanover Insurance Group late Tuesday announced Joseph Zubretsky is resigning from his position as its president and CEO, accepting an executive position at a California healthcare firm 16 months after he took over leadership of Worcester's largest publicly traded company.
Baker supports statewide Amazon application
Gov. Charlie Baker is staying true to his word and is supporting a statewide approach to landing online retail giant Amazon instead of throwing his support behind a particular city's bid.
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Historical Commission approves $53M courthouse project
Pay gap creating crisis in human services sector, agencies say
Berkshire Bank's $209M Commerce acquisition approved
Chick-fil-A opening in Worcester Oct. 26
National Grid, battery company unveil power system at Holy Name
Hyatt, 110 Grill opening in Marlborough's $160M Apex Center
Zubretsky out as Hanover CEO
Hanover's hurricane losses total up to $225M
The joy & pain of selling 300% more cupcakes

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