Tue. Dec. 20, 2011 Attleboro metals company announces layoffs
An Attleboro company that makes precious metals used in the jewelry industry is laying off up to 300 workers. Mayor Kevin Dumas says Cookson Precious Metals Division has informed the city that it plans to lay off 225 to 300 workers by March 31. He tells the Sun Chronicle the company notified him that it began the layoffs Nov. 1 as part of a phased reduction in employees. The company plans to keep its Attleboro facility open. Massachusetts recovers $24 million from Merck, in its largest Medicaid fraud settlement ever
Pharmaceutical giant Merck & Co. will pay $24 million to the state Medicaid program, in the largest single Medicaid fraud settlement in Massachusetts history. The agreement, made public afternoon by Attorney General Martha Coakley’s office, closes out a 2003 lawsuit filed against 13 drug makers over inflated prices. The state previously recovered a total of $23.4 million from the other 12 companies involved. Today’s announced settlement brings the entire case to a close. Panjiva and its MIT technology gear up to decode fashion trends
Panjiva Inc. looks to use its MIT technology to analyze the latest fashion trends. To that end, Panjiva has signed a “content partnership” with Stylesight, a firm that provides data to fashion-industry professionals. Panjiva uses technologies developed under the leadership of company cofounder James Psota, an MIT computer scientist. With those technologies, Panjiva analyzes bills of lading for ships bringing goods to the United States. Stylesight plans to integrate Panjiva shipping data into Stylesight Sourcing, a subscription website that is set to launch early next year. Large projects proposed for the Fenway
A pair of institutions in Boston’s Fenway neighborhood are planning a burst of development in the coming months. Brigham and Women’s Hospital wants to build a large laboratory complex, and the New England Conservatory of Music is proposing construction of a 10-story dormitory and an academic building. The Boston Redevelopment Authority released proposals by the two institutions today. Nuance to buy Vlingo in a bid to create a speech-recognition powerhouse
Nuance Communications Inc., a Burlington company known for its Dragon speech recognition products, said it has agreed to buy Vlingo Inc., a Cambridge company that also makes speech recognition applications. A Nuance press release did not include financial details of the transaction, and a call to the company was not immediately returned. Equipped with smartphones, tablets, navigation devices, and more, consumers are demanding more speech-recognition features on their devices, creating what Nuance says is a potential $5 billion market opportunity. Talbots calls unsolicited offer to buy the company ‘inadequate,’ says it will explore strategic alternatives
Talbots Inc., a retailer of classically styled women’s clothing, deemed an unsolicited offer to buy the chain as “inadequate” because it “substantially undervalues the company.” Earlier this month, Sycamore Partners, a New York investment firm that specializes in consumer companies, offered to buy Hingham-based Talbots. Sycamore already owns nearly 10 percent of Talbots outstanding stock. Talbots said today that its board of directors “has resolved to explore a full range of strategic alternatives to maximize value for Talbots stockholders.” Repligen completes Swedish acquisition
Repligen Corp., a Waltham company that makes ingredients used in the manufacturing of biologic drugs, said it has completed the acquisition of the business of Novozymes Biopharma Sweden AB, the Swedish unit of Novozymes Biopharma. The all-cash transaction, which was announced in October, had Repligen making an upfront payment of 17 million euros, or $22.7 million. The transaction includes contingent milestone payments of 4 million euros, $5.2 million. Ipswitch Inc.: Online holiday shopping at work hurts productivity
Online holiday shopping at work can hurt workplace productivity, according to a new survey from Ispwitch Inc., a Lexington company that makes software that business customers use to manage networks, securely transfer files, and communicate by e-mail. Ipswitch surveyed its business customers, and 42 percent or respondents said that employees were spending “more than the average lunch break undertaking Christmas shopping online.” TripAdvisor gets spun off
TripAdvisor Inc., the Newton-based online travel service, will become an independent company this week, when parent firm Expedia Inc. spins it off. The new company will trade under the symbol “TRIP” on the Nasdaq stock market. Former Akamai employee sentenced for espionage
A former employee of the Cambridge Internet data delivery company Akamai Technologies Inc. was sentenced today for attempting to sell company secrets to the state of Israel. Elliot Doxer, 43, of Brookline was sentenced to six months in prison, six months home confinement and a $25,000 fine for foreign economic espionage. Coakley, Markey hail AT&T, T-Mobile deal collapse
Massachusetts Attorney General Martha Coakley and Massachusetts Democratic US Rep. Edward Markey hailed the collapse of a proposed $39 billion merger of cellphone carriers AT&T Inc. and T-Mobile USA. | 
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