Banking & Finance

Two corporations, both registered to Barry Rynearson, the CFO of Pennsylvania’s Heller Capital Group, purchased two adjacent lots, totaling just over 2 acres, at 44 and 56 Industrial Drive in Uxbridge for $7.6 million.

Raven360, a Marlborough software company that develops training programs for clients’ customers and potential customers, said it has closed an $8-million Series B funding round.

With their first Worcester branch set to open next month at 81 Gold Star Blvd., Chase Bank, the consumer banking division of New York City based JPMorgan Chase, told WBJ that it plans to open three additional branches in the Worcester area.

Profits at IPG Photonics fell by 18% in the second quarter, and the Oxford fiber lasers manufacturer said it is launching a new, $300 million stock repurchase program. 

Ellen McGovern, senior vice president and chief marketing officer of Clinton Savings Bank, has been named board chair of Framingham’s United Way of Tri-County as of Aug. 1.

The TJX Companies Inc. has agreed to pay a civil penalty for selling recalled products several years ago.

After posting the highest return in its history a year ago, the market volatility of the last year contributed to a $3.3 billion dip in value for the Massachusetts state pension fund in fiscal year 2022, a performance that officials described as strong given "the weakest market since the global financial crisis more than thirteen years ago."

Chase bank will open its first Worcester bank branch in September. It is part of a plan to double the bank's presence in Massachusetts by 2025.

Following an historic $15-million pledge in February by UMass alumni Dan and Diane Casey Riccio, their eponymous neuroscience fund will support four projects in 2022.

The House and Senate are sending Gov. Charlie Baker a bill to borrow and spend more than...