Gov. Charlie Baker is aiming to restructure the MBTA in an effort to improve public transportation. Central Massachusetts communities are wondering whether these improvements will extend to the commuter rail lines that serve the region.
Revenues at Sevcon Inc. increased 13 percent in the second quarter of 2015 compared with the second quarter of 2014, the Southborough company reported yesterday.
Southborough-based manufacturer Sevcon said it's looking to beef up its staff by 20 after the maker of controls for electric and hybrid motor vehicles received a grant to develop a new range of products.
Westborough-based Chitika Inc., an Internet advertising company, on Wednesday announced it will spin off its mobile advertising business unit, Cidewalk.
Chitika is investing $4 million to fund the spinoff, according to a statement, and Cidewalk has purchased office space in Southborough to accommodate staffing growth.
Chitika expects Cidewalk, launched in 2014, to generate $10 million in gross revenue over the next year, the statement said.
After a strong holiday sales season and amid growing consumer confidence, Massachusetts small businesses experienced an average drop in sales of 24 percent during the recent wave of snowstorms, according to a new survey.
American Tower Corp. announced Thursday that it is raising over $3 billion in a stock offering that will help finance fulfilling a contract with Verizon.
Sevcon of Southborough saw a 10-percent gain in revenue in the first quarter of its new fiscal year, as more of its customers bought the company's products as part of their hybrid and electric vehicles.