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U.S. Treasury: Russian oligarch list not meant to punish IPG CEO Gapontsev

In a 55-page document, the U.S. Department of the Treasury said IPG Photonics and CEO Valentin Gapontsev's lawsuit to remove the wealthy physicist from a list of Russian oligarchs lacks merit.

Report: Facebook could loosen cannabis content restrictions

In a move that could ease the issues plaguing many Massachusetts cannabis businesses, Facebook could loosen restrictions on posts promoting marijuana sales.

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.

IPG eyes 800Ksf global expansion in 2019

Oxford maker of laser equipment IPG Photonics is planning to expand its global footprint by about 800,000 square feet in 2019, according to a new U.S. Securities and Exchange Commision filing.
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Millbury Savings Bank, bankHometown plan $1B merger

Millbury Savings Bank and Oxford-based bankHometown are planning to merge and create a financial institution with $1 billion in assets and 15 branch locations in Central Massachusetts and Connecticut.

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

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.

The Boardroom Gap: Central Mass. businesses slightly improve inclusion of women in leadership

Women continue to be vastly outnumbered by men at Central Mass. public companies, though improvement has been found in some areas.

IPG increased profits 16% in 2018

Oxford laser manufacturer IPG Photonics was able to weather the storm of tariffs and other political factors and record a 16-percent growth in profits for 2018
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bankHometown’s sister company merges with Abington Bank

The parent company of Oxford-based bankHometown has merged a subsidiary with Abington Bank.

Central Mass. communities have different philosophies for tax breaks

A Worcester Business Journal investigation shows a broad range of practices in how communities use — or don't — tax breaks for development.
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