Banking & Finance

Milford Federal Bank, UniBank, UMass Memorial Health, and GFA Federal Credit Union are among those with recent hires and promotions.

ReWalk Robotics reported decreases in revenue and losses in the first quarter, driven in part by COVID-related processing limitations.

A Fitchburg company producing high-precision molding for medical and consumer packaging has been acquired by a Michigan-based industrial technology company.

Aspiring entrepreneurs from Central Massachusetts will have the opportunity to pitch their idea in front of a live audience on May 31 to seek additional funding for their start-up venture.

Massachusetts Biomedical Initiatives will break ground Wednesday morning on an expanded biomanufacturing center in Worcester after purchasing the property for more than $7.1 million.

Bank of America announced on Monday it is raising its minimum hourly wage to $22 an hour, a move likely to affect the rate of pay at other financial firms in Massachusetts and across the state.

Among the organizations making recent hires and promotions are Fidelity Bank, Berkshire Bank, UMass Memorial Health, and AdCare Hospital.

Overall, more than 20,000 PPP loans for a total of $1.8 billion were given out to businesses across Worcester County, with more than 4,800 and $450 million of those loans going to businesses within the city of Worcester, according to data from the SBA.

The severing of economic ties between the U.S. and Russia is likely to prove a challenge for IPG Photonics, which was founded in Russia and has long-standing ties to the country.

After its busiest year ever, Natick-based manufacturer Cognex Corp. said its momentum might be starting to slow down.