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Precision Optics reports quarterly loss

Despite the launch of new contracts for some of its products, Precision Optics of Gardner reported a net loss of more than $296,000 in its latest fiscal quarter, deeper than the $211,000 it lost in the same quarter last year.

Leominster OKs TIF with Easy Pak

Leominster officials this week approved a tax increment financing deal with plastics manufacturer Easy Pak. The privately held company plans an expansion that will add at least 15 new jobs.

Leominster nurses to picket

In an ongoing fight over proposed staffing cuts, nurses at HealthAlliance Hospital in Leominster will picket Wednesday, according to the Massachusetts Nurses Association (MNA), the union representing the nurses.

Fitchburg’s Arrhythmia turns in another profitable quarter

Medical device manufacturer Arrhythmia Research Technology of Fitchburg (NYSE:HRT) turned in its third straight profitable quarter as revenue jumped nearly 28 percent over the third quarter of 2013, the company announced Wednesday.
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Top Workplaces 2014: Going beyond the paycheck

Who are some of the organizations in Central Massachusetts that do good things for their employees? In this, the third consecutive year in which we've honored them, we shine the spotlight on nine.

EDITORIAL: Baker’s business checklist

It was a closer race than expected, but in the end, much of the business community got...

North American sales boost L.S. Starret

Solid North American business helped offset lower international sales for Athol-based tool manufacturer L.S. Starrett for its first quarter of 2015, which ended on October 30.

AMSC’s losses widen as revenue drops

Losses climbed and revenue plummeted for Devens-based AMSC as both its wind and grid segment struggled in...
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Patrick signs $86M spending bill

Gov. Deval Patrick has signed an $86 million spending bill, closing the books on fiscal year 2014, giving the Massachusetts Department of Transportation ownership of its headquarters next to the Boston Public Garden and creating a $2 million fund to support municipal public works and public health projects.

South Korean power company tests AMSC-wired cable

Devens-based AMSC said Korea Electric Power Corp. (KEPCO) is testing a cable that uses AMSC's trademarked wire at a smart grid demonstration site on Jeju Island, a province of South Korea. The high-temperature superconductor cable uses AMSC's Amperium HTS wire. According to AMSC, such cables are “power dense and have zero resistance, making them an ideal solution to moving large amounts of power underground and with a minimal footprint.” They're also capable of conducting 150 times the amount of electricity that can be conducted by copper or aluminum devices of the same size, according to AMSC, and benefit from no electrical losses, making them a “perfect conductor” of electricity.
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