Greater Worcester

World Energy Solutions of Worcester saw a 27-percent increase in revenue during the first quarter of this year, but lost nearly $1 million after an accounting change that defers some revenue recognition after reporting sales and commission expenses, the company said.

Biotech startup RXi Pharmaceuticals of Westborough, which is pushing ahead with clinical trials for its first product, reported a $14.4-million loss during the first quarter, but saw $100,000 in revenue, compared with no revenue during the first quarter of 2012.

Hanover Insurance Group of Worcester will spend $100 million to buy back more shares of its stock, while also declaring a quarterly dividend of 33 cents per share, the company announced Tuesday.

David P. Forsberg, the former Worcester city councilor who helped shape the Worcester Business Development Corp. (WBDC) into an economic development force, has been named dean of the business school at Anna Maria College, the school announced Tuesday.

Siemens Metals Technologies, which has a facility in Worcester, said it has won a contract to modernize a French copper rod mill owned by global cable manufacturer Nexans.

The Massachusetts Gaming Commission will now weigh four bids for the state's only slots parlor license now...

Dennis Berkey, president and CEO of Worcester Polytechnic Institute since 2004, announced at the school's Saturday commencement ceremony that he is leaving WPI.

Worcester-based energy management firm World Energy Solutions recently named a new COO with 30 years of experience in the high-tech sector.

Baltimore-based Cordish Cos. has made its intentions clear. It hopes to win the state's sole slots license for a location in Boxborough.

A Worcester Polytechnic Institute alumnus who died two years ago has left part of his estate to his alma mater.