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Tue. Oct. 16, 2012 A123 Systems files for bankruptcy A123 Systems Inc., a Waltham-based maker of lithium-ion batteries, filed for Chapter 11 bankruptcy protection in federal court in Delaware Tuesday morning, saying in court filings that it has agreed to sell such automotive business assets as its facilities in Michigan. In a recent regulatory filing, the company said that a default on some of its debt is likely. A123 bet heavily that its batteries would be ideal for helping to power electric and hybrid vehicles. The company has struggled in the last year, with layoffs and a recall of some batteries.	Advertisement
Perfecto Mobile secures $15m in financing Perfecto Mobile, a Woburn company that provides network security and monitoring services for businesses, said Tuesday that it has secured $15 million in the company’s third round of financing. This latest funding round was led by Globespan Capital Partners; also participating in the round were existing investors Carmel, Vertex, and the Waisbein Fund, Perfecto Mobile said. Pefecto Mobile has raised $35 million to date.
Infraredx, Royal Philips will collaborate on cardiovascular imaging systems Infraredx Inc. and Royal Philips Electronics said they will collaborate on integrated imaging systems that can better evaluate the extent of cardiovascular disease. Headquartered in Burlington, Infraredx is a privately-funded medical device company that has developed the TVC Imaging System --- TVC stands for “true vessel characterization.” According to Infraredx, the TVC Imaging System has the potential to change the way coronary artery disease is diagnosed and treated. The plan is to integrate TVC technology into Allura Xper catheterization lab imaging systems made by Philips.
Dunkin’ Donuts Twitter appeal: ‘UpgraDDe Your Sandwich’ Dunkin’ Donuts has just cranked up its latest Twitter mini-marketing effort. Through Friday, folks who tweet a photo of a lame lunchtime sandwich will have a chance to win a $50 gift card in what Dunkin’ is calling the “UpgraDDe Your Sandwich” Twitter Sweepstakes. The Canton-based chain may be best known for coffee and baked goods associated with breakfast. Presumably, this Twitter Sweepstakes looks to reinforce the message that Dunkin’ is about all-day hunger solutions, including a range of lunch options.
Food and farm economic plan shows progress in Vermont MONTPELIER, Vt. — More than a year and half after Vermont launched a plan to boost the state’s food and farm economy, organizers are celebrating its progress. The achievements include a mobile farmers’ market that reaches low-income housing sites in northern Vermont and an increase in the number of colleges offering local foods in their dining halls.
NxStage Medical officially opens new headquarters in Lawrence NxStage Medical Inc., a manufacturer of dialysis products, officially opened its new headquarters in Lawrence Monday morning. The new 137,000-square-foot facility replaces the company’s previous 58,000 square foot Lawrence facility. The new headquarters houses NxStage’s corporate offices, which include over 300 employees within the research and development, sales and marketing, customer and technical support departments, among other functions. The new headquarters is large enough to accommodate future growth.
Healthrageous raises $6.5m in Series B financing Healthrageous Inc., a Boston-based company provides people with digital tools to better manage their health, said Monday that it has received $6.5 million in Series B financing from North Bridge Venture Partners, Egan-Managed Capital, Long River, and an undisclosed investor. This latest round brings the company’s total financing to $15 million since 2010. One way that Healthrageous looks to make money is from health plans that have an incentive to keep their members healthy.
AAA: Massachusetts gas prices drop 5 cents a gallon The average price for gas in Massachusetts is $3.839 a gallon in the latest weekly survey from AAA, down 5 cents from the previous week’s average, AAA Southern New England said Monday. The current national average is $3.78 a gallon, AAA Southern New England said. A year ago at this time, the the Massachusetts average price was $3.42, AAA Southern New England said. AAA’s weekly surveys focus on self-serve, regular unleaded gas.
New report sees hiring slowdown in Q3 at Boston’s Internet and digital media companies John Barrett of the executive search firm Cook Associates scours LinkedIn every quarter to understand the hiring trends at Internet and digital media companies in Boston and New York. The news wasn’t good in the third quarter: only 260 net new jobs were created among the 152 companies he tracks. That’s just a 1.9 percent increase over where things were at the start of the quarter. Growth was stronger in Q1 and Q2: 8 percent and 3.2 percent, respectively.
Harvard professor Alvin Roth is one of two Americans to win Nobel economics prize Two American scholars were awarded the Nobel economics prize on Monday for studies on the match-making that takes place when doctors are coupled up with hospitals, students with schools, and human organs with transplant recipients. The work of Alvin Roth and Lloyd Shapley has sparked a ‘‘flourishing field of research,” the Royal Swedish Academy of Sciences said. Roth, 60, is a professor at Harvard University and Harvard Business School. Right now he is a visiting professor at Stanford University. Shapley, 89, is a professor emeritus at University of California Los Angeles.
Newburyport Brewing Co. raises capital for new brewery The Newburyport Brewing Co. announced Monday that it has raised $1 million to help build a small brewery in Newburyport. The plan is to begin marketing several varieties of beers early next year, including Newburyport Pale Ale, Plum Island Belgian White, and Green Head IPA. The facility will be outfitted with a three-vessel, 20-barrel brew house and tank farm, an automated can and keg packaging lines. a cold storage area, and a 2,000 square foot tasting room with music stage, seating, and bar.
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