The owner of Framingham's Eastleigh Farm on the north side of town has temporarily averted a foreclosure auction of his raw dairy farm and store, as well as his home. But the town is already considering how it would protect the land if an auction does take place.
Town Manager Robert Halpin said the land, owned by longtime Framingham resident Doug Stephan, is a crucial piece of the town's open space plan. The town has the right of first refusal on the 112-acre parcel because it has granted Eastleigh a tax break since it's a working farm. Halpin indicated that it may exercise that right in order to keep the land from being redeveloped into housing.
A day after it said it would cut up to 1,500 jobs over the next two years, and on the same day it announced a third-quarter loss of $5 million, Boston Scientific said its chief financial officer will leave after the end of the year.
Boston Scientific plans to eliminate 1,100 to 1,500 positions worldwide over the next two years, the Natick-based medical device company announced Wednesday.
Framingham-based Staples Inc. announced the launch of its new e-commerce site today, after acquiring California-based software company Runa earlier this month with plans to create a more personalized shopping experience at Staples.com.
EMC Corp. of Hopkinton reported lower-than-expected quarterly results Tuesday and cut its full-year sales and profit forecasts amid a fall in U.S. government spending.
Earlier this month, Framingham State University (FSU) announced it will launch its Entrepreneur Innovation Center, creating workspace for area entrepreneurs in the earliest stages of business.
According to Robert Krim, an economics professor hired by FSU to oversee the center, it's essentially an incubator, making it the second to open in MetroWest this year.