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International Trade

Baker pursuing state, federal drug purchasing reform

State House News Service |

Gov. Charlie Baker's administration is preparing to roll out a proposal to allow the state to negotiate prices directly with drug manufacturers.

Movers & Shakers

Thirteen professionals were on the move recently in Central Massachusetts.

Manufacturing has become the most targeted industry by cyber criminals

Zachary Comeau |

As the manufacturing industry becomes more technological, with more connected devices than ever, hackers have more opportunities to break into those networks.

IPG Photonics loses $800M in value after preliminary Q3 financials fall short

Zachary Comeau |

The third quarter for Oxford-based IPG Photonics was even tougher than expected, as the company's preliminary financial results came in less than originally expected.

WBDC lands $15M grant for biomanufacturing park

Zachary Comeau |

The Worcester Business Development Corp. has been awarded a $15-million state grant to demolish the largest of the buildings at the future biomanufacturing park.

Business confidence optimistic, AIM says

State House News Service |

Though confidence among Massachusetts employers has fluctuated over the last year, it has remained within a comfortable range and nothing has significantly rocked the boat for businesses, analysts...

Movers & Shakers

Eight Central Mass. businesspeople were on the move this issue.

Hanover sells specialty business Chaucer for $950M

Zachary Comeau |

Worcester-based Hanover Insurance Group has agreed to sell its specialty insurance business Chaucer to a Chinese company for $950 million.

Worcester firm to treat OCD with brainwave device

Achieve TMS East, depression treatment firm with three Central Massachusetts locations using a brainwave stimulation device, now hopes to offer the treatment for obsessive-compulsive disorder.

Primetals to build wire rod mill for Indian manufacturer

The Worcester location of U.K.-based metal mill manufacturer Primetals Technologies has landed a contract with an India-based steel company to build a new wire rod mills next year.

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