Greater Worcester

Increased freight activity led to 11-percent revenue growth for Providence & Worcester Railroad in the third quarter, and net income of $593,000 after a third-quarter 2012 loss of $381,000.

RXi Pharmaceuticals of Westborough, which is pursuing approval of a drug aimed at minimizing post-surgical scarring, saw a 61-percent year-over-year increase in revenue for the third quarter, although it posted another loss, the biotech startup reported today.

Two buildings containing 44 apartments in downtown Worcester have been sold for $2.4 million, according to a broker involved in the deal.

Less than two months until it closes, the 83-year-old Higgins Armory Museum has begun the process to sell its historic Worcester building and surrounding property.

Biopharmaceutical research companies have conducted nearly 500 clinical trials of new medicines in Worcester over the past 14 years, according to a report released today by the Pharmaceutical Research and Manufacturers of America (PhRMA).

World Energy Solutions of Worcester increased its quarterly revenue 15 percent to more than $8.7 million, and, although it lost nearly $600,000, expects improving operating margins, the company said today.

A boom in orders for its mobile management software propelled a 34-percent jump in year-over-year sales in the third quarter for ViryaNet of Westborough, the company reported Thursday.

Fallon Community Health Plan yesterday cut 6 percent of its workforce – or 62 jobs – in response to what it called the “new challenges” in a changing health care industry.

JetBlue took to the skies in Worcester Thursday, marking the return of commercial passenger air service to New England's second largest city for the first time since early 2012.

Profits jumped while revenue fell in the most recent quarter at Unum Group.