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MetroWest

Iron Mountain Acquires R.I. Firm

Boston-based Iron Mountain, which has operations in Southborough and Northborough, has acquired a Rhode Island records storage firm for about $191 million in cash.

Quest Reports Revenue Drop

Quest Diagnostics, which increased its presence in Central Massachusetts within the last year, reported a 2-percent drop in revenue for its most recent quarter, and lowered revenue expectations by 3.5 percent for the year, the New Jersey-based medical laboratories services provider announced.

Net Income Rises For Enterprise Bank Parent

The parent company of Enterprise Bank, which has branches in three Central Massachusetts communities, saw net income grow 15 percent for its most recent quarter, and 10 percent for the first nine months of 2013.

Trial Date Set For BSX Vaginal Mesh Cases

The first of 6,400 lawsuits against Boston Scientific (BSX) regarding the Natick-based company's transvaginal mesh devices will go to trial March 10, a lower-court judge ruled last week.
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Harvard Bioscience OKs Creation Of Spinoff

Holliston-based Harvard Bioscience has spun off part of its business, which makes regenerative medical devices, the company announced.

Genzyme Plans $80M Expansion in Framingham

Biotech giant Genzyme will expand its Framingham campus with an $80-million processing facility that it says will “significantly” expand its purification capacity to support growth over the next few years, the Cambridge-based company announced today.

SeaChange Victory in Patent Case Upheld

A federal appellate court ruled last week that SeaChange International sufficiently modified its video system to avoid infringing on an Arris Group, Inc. patent, the Acton-based video software manufacturer said.

Raytheon Wins Navy Radar Contract

Raytheon Co. has been awarded up to $1.63 billion from the U.S. Navy to build and deliver next-generation air and missile defense radar, the company said.
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A123 Future Bright In MetroWest

It appears A123 Systems' presence in MetroWest has survived following bankruptcy and sale of the lithiom-ion battery maker to a Chinese firm, and will perhaps emerge more robust than it was before A123 filed for Chapter 11 bankruptcy protection in December 2012. The Livonia, Mich.-based company announced a new organizational structure with its owner, Wanxiang Group, last week. In short, Wanxiang will roll its battery-making activities in China into A123 operations that existed there before Wanxiang bought the majority of A123's assets in January. What does this mean for A123's facilities in Westborough and Hopkinton? Not much, according to Roger Lin, director of marketing for A123 in Massachusetts.

MassEcon Honors 4 Area Firms

Four Central Massachusetts firms have been named winners of economic impact awards, given annually by MassEcon, a nonprofit that helps promote business growth in the commonwealth.
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