Economy

Forbes: IPG CEO Gapontsev lost $1.2B in net worth in 2018

Valentin Gapontsev, CEO of Oxford laser manufacturer IPG Photonics, lost $1.2 billion of net worth in 2018, according to Forbes' list of billionaires.

Personal care attendants begin negotiations

Personal care attendants across Massachusetts, including an estimated 3,000 in Worcester, have begun negotiating a new contract ahead of an expiration June 30.

Business confidence strong, but slowing

Bay State employers felt better about the economy in February as optimism about the state and national economies outweighed a darkening outlook among Massachusetts manufacturers.

Hologic wins U.S., Canada & European approval for OG-BYN scope

Marlborough medical device maker Hologic has been granted approval from three geographic markets since December for a three-in-one hysteroscope.

The man who gave me hives doesn’t get enough credit

I hate being called The Queen, but in all honesty, I know it will 1) never go away, 2) could be worse, and 3) is free advertising.

Framingham’s Globoforce rebrands ahead of planned expansion

Globoforce, a Framingham workforce software developer, is rebranding.

Hydropower pipeline to Mass. gains critical support

Maine Gov. Janet Mills said she is now behind a project to bring clean hydropower from Quebec to Massachusetts and will allow the project to advance through approval processes.

ReWalk submits FDA application for stroke device

ReWalk Robotics has submitted a 510k filing to the U.S. Food & Drug Administration for its ReStore exoskeleton suit.

Common misconceptions of the pass-through deduction

Even though the U.S. Tax Cut and Jobs Act is more than a year old, businesses are still scrambling to figure out how the so-called pass-through deduction is supposed to work.