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McGourthy leaving as WRRB executive director

Brad Kane |

Tim McGourthy, executive director of the Worcester Regional Research Bureau, will leave the nonprofit organization by the end of March.

API sells electronics manufacturing services business for $15M

Zachary Comeau |

Marlborough-based API Technologies Corp. has sold its electronics manufacturing services business, API Defense USA, to Norwegian manufacturing firm Kitron for $14.8 million.

Biomedical Polymers could double production in Sterling

Biomedical Polymers and its division BMP Medical has officially opened its 80,000-square-foot facility in Sterling after moving from Gardner.

Mass. to join pilot addiction treatment program

Grant Welker |

Massachusetts is joining a pilot program aiming to create a rating system for addiction treatment with the nonprofit organization Shatterproof.

WBJ wins NENPA awards for investigative, design work

The Worcester Business Journal won three awards from the New England Newspaper & Press Association for investigative reporting and the design of its 40 Under Forty publication.

U.S. Treasury to fight IPG CEO's lawsuit over Russian oligarch listing

Zachary Comeau |

The U.S. Treasury said it will file a motion to dismiss the complaint by IPG Photonics and its CEO to be removed from a list of Russian oligarchs.

LCU promotes Mahoney to COO

Leominster Credit Union has promoted Barbara Mahoney, its senior vice president of human resources, to chief operating officer.

Payless bankruptcy will leave eight Central Mass. stores empty

Discount shoe chain Payless ShoeSource's bankruptcy filing on Monday will bring the closure of eight Central Massachusetts locations.

Worcester realtor launches Central Mass. Hispanic real estate group

Zachary Comeau |

A group of Central Massachusetts realtors are launching an area chapter of the National Association of Hispanic Real Estate Professionals.

U.S. trade regulators to examine Boston Scientific's $4.2B buy

Zachary Comeau |

U.S. trade regulators want a closer look at Marlborough medical device firm Boston Scientific's proposed $4.2-billion acquisition of BTG.

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