Westborough

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.

Virtusa Corp. of Westborough reported revenue growth of 17 percent in its most recent quarter, but fell short of analysts' estimates for both profit and revenue.

An electronic health records system from Westborough-based eClinicalWorks is being offered to more than 300 private physicians in the Chicago area.

Westborough-based Kopin Corp. reported a sharp decline in revenue and earnings for its third quarter.

Acquisitions helped fuel a 17 percent increase in revenue at Berkshire Hills Bancorp, but a reduction in refinancing activity sent earnings per share plummeting more than 17 percent.

As lending institutions work to stay on top in a market of record-low interest rates, plus the...

In an era of competition from national and international institutions, pricey technology and uncertainty about coming regulations, what's a small local bank to do? The obvious answer, chosen by large numbers of banks across the country over the past couple of decades, is to merge with, buy, or be bought by, a rival. In Massachusetts, though, the situation is a bit different. Bruce Spitzer, spokesman for the Massachusetts Bankers Association, said 75 percent of the organization's members are mutually chartered banks. That means they can't be acquired by stock banks — which include big players like Bank of America — without going through a complex and lengthy conversion process.

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.

A123 Systems, which has offices in Hopkinton and Westborough, outlined its organizational alignment with The Wanxiang Group and announced the appointment of a new CEO, after Wanxiang purchased nearly all of A123's businesses in January.

Penta Communications Inc. announced Friday that it plans to move to the historic 1790 House in Westborough by the end of the year.