Boston Scientific revenue falls short of expectations

Sam Bonacci |

While Boston Scientific reported revenue growth of approximately 5 percent in the fourth quarter of 2015, that ended up being approximately $16 million below what was expected and the company's stock took a hit.

Framingham company pens $10M Australian deal

Sam Bonacci |

Framingham-based SCIEX has partnered with the Australian Cancer Research Foundation International Centre to provide the organization with $10 million in equipment that will be used to investigate the cause of and treatment options for cancer.

BAA buys Boston Marathon start line home for $1.2M

Sam Bonacci |

The Boston Athletic Association has paid $1.2 million for a home near the start of the Boston Marathon Start line in Hopkinton.

ReWalk exoskelton to be tested in 160-person VA study

Sam Bonacci |

The ReWalk exoskeleton system is set to be tested in a 160-person, four-year long, multi-center study by the U.S. Department of Veterans Affairs to evaluate the impact of exoskeleton use in a home or daily life setting.

Marlborough tool maker acquired for $7M

Sam Bonacci |

A Marlborough company specializing in blade sharpening tools has been purchased by a Connecticut company for $7 million in cash.

Class action suit filed against Framingham company

Sam Bonacci |

A class action lawsuit has been filed against HeartWare International, alleging that company officials misled shareholders as to the viability of a new technology by saying that the company had adequately addressed concerns by U.S. Food and Drug Administration revolving around their technology.

Meyrowitz hands over TJX CEO position to Herrman

The reins of one of Central Massachusetts' largest companies have officially been handed over, as Ernie Herrman takes over the role of CEO from TJX’s long-time leader Carol Meyrowitz.

Separated Cumberland and Gulf eye revenue growth

LIVIA GERSHON |

Having gone their separate ways, Cumberland and Gulf are looking to even greater opportunities.

Community banks embrace fintech to meet technology demands

Laura Finaldi |

As a result of technological advances, the financial technology, or “fintech” industry, has emerged, and it has changed the way banks do business, according to local bankers and experts.

Movers & Shakers

GARETH CHARTER is now director of sales for the Worcester region at MassLive, a news service. He has more than 27 years of experience in the media business, first as a weekly newspaper reporter and most recently in the marketing services division of Gannett, and as a...

Mass. Senate approves pay equity act to close wage gap

STATE HOUSE NEWS SERVICE |

Noting its history as the first state to pass a pay equity law more than 70 years ago, the Massachusetts Senate unanimously passed legislation Thursday that proponents say will strengthen that law in an attempt to close the gender pay gap.

Boston Scientific spearheads heart disease analytics

Sam Bonacci |

Boston Scientific has partnered with Accenture to create a cloud-based analytics program that allows caregivers to crunch the numbers in an effort to improve treatment for patients with chronic cardiovascular diseases.

DCU invests in teller technology

Sam Bonacci |

Marlborough-based Digital Federal Credit Union (DCU) has invested in technology to improve branch experience and increase efficiency among its tellers with a new paperless system.

Genzyme expands Westborough footprint by 47 percent

Sam Bonacci |

The area's largest biomedical company has expanded its Westborough footprint by nearly 50 percent with a new lease at One Research Drive.

Framingham's HeartWare cancels $929M acquisition

Sam Bonacci |

HeartWare International Inc. has announced it is backing out of a $929 million dollar purchase of Israeli company Valtech Cardio to concentrate on its core ventricular assist device business.

Marlborough commercial vacancy falls to 11.9 percent

Sam Bonacci |

Finding a commercial property in Marlborough will be more difficult in 2016, as the commercial vacancy has fallen for the fourth consecutive year to just 11.9 percent, according to the Marlborough Economic Development Corporation (MEDC).

Marlborough launches small business loans

Sam Bonacci |

The Marlborough Economic Development Corporation (MEDC) has launched the Marlborough Area Community Loan Fund aimed at supporting local economic development through lending to small businesses.

Women’s business center moves to Westborough

The nonprofit Center for Women & Enterprise is relocating its Central Massachusetts branch from Worcester to Westborough.

Sunny D plant in Littleton sells for $4.6M

Sam Bonacci |

A former Sunny Delight Beverage company bottling plant in Littleton has been purchased for $4.6 million by a joint venture of real estate investment firms.

Benefits of ReWalk exoskeleton demonstrated in new study

Sam Bonacci |

A study on the benefits of the ReWalk Robotics exoskeleton found significant improvements in the quality of life for an individual with spinal cord injury using the system.

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