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Secretary of State alleges billion-dollar Ponzi scheme by Marlborough company

Emily Micucci |

Secretary of State William Galvin has filed a civil complaint against Marlborough marketing firm TelexFREE, alleging the company is "merely a veiled pyramid and Ponzi scheme"...

Siemens awards $660M in grants to Mass. schools

Emily Micucci |

Siemens AG, the German conglomerate that makes steel mills in Worcester, announced $660 million in software grants Wednesday to support manufacturing programs at Massachusetts vocational schools and...

Weather cuts into CSX earnings for Q1

Emily Micucci |

Weather-related disruptions put a dent in earnings for CSX Corp. in the first quarter, bringing net income down to $398 million, compared to $462 million in 2013, the freight carrier announced.

BSX wins FDA approval on heart devices

Natick-based Boston Scientific Corp. (BSX) has received approval for its newest defibrillators and heart failure devices, including the trademarked Dynagen Mini, Inogen Mini ICDs, and the Dynagen XF...

Natick company receives $3M order

Emily Micucci |

Natick-based Cognex Corp., which manufacturers machine sensors, said it received more than $3 million in purchase orders for its DataMan barcode readers.

Sepaton awarded data deduplication patent

Michael Novinson |

Marlborough-based Sepaton has been awarded a patent for a process that improves deduplication ratios and speed, the company announced Tuesday.

Mass. Realtors confidence down again

Michael Novinson |

The state's Realtors group said year-over-year confidence among its members in market activity fell for the fifth straight month, though confidence in home prices continues to rise.

Bose sues over alleged patent infringement

Michael Novinson |

Bose Corp. filed a lawsuit last week against Monster Inc., accusing the California-based rival of infringing on the Framingham-based audio technology company's design for in-ear headphones.

Stratus parent credit rating improves

Michael Novinson |

The credit rating for the parent company of Stratus Technologies has improved after the Maynard-based company announced it was being sold to a private equity firm.

Marlborough firm files for Chapter 11

Michael Novinson |

A Marlborough telecommunications company has filed for Chapter 11 bankruptcy protection to further revise its compensation plan for company associates.

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