Archive for January 2024
iRobot’s revenue dropped under $1B in 2023
The same day the $1.45 billion deal between Amazon and iRobot was called off, the Roomba maker revealed that its annual revenue took another hit. Read More
Read MoreDistribution company to close Woburn location, lay off 82
The office wholesale distribution company Essendant will close its Woburn facility, eliminating 82 jobs. Read More
Read MoreGamida Cell is in the market for an asset sale, merger
Despite netting a major FDA approval in 2023, Gamida Cell is running out of runway and looking into "strategic alternatives." Read More
Read MoreLexington biotech seeks $110M in what could be the 1st Mass. IPO of 2024
The company filed plans to sell more than 7 million shares of its stock for between $14 and $16 each, and will trade on the Nasdaq under the ticker, "GUTS.” Read More
Read MoreAmazon, iRobot call off merger in face of antitrust scrutiny
iRobot CEO Colin Angle also stepped down in the wake of the collapse of the $1.45 billion merger. Read More
Read MoreFive things: Steward’s struggles, corporate cash, Deval Patrick, and MIT wants your sneakers to fit better
Here are the five things you need to know in Boston business news to start your Monday, from Steward’s struggles, corporate cash on hand, and Deval Patrick’s new firm, to how MIT and Adidas are making your running shoes fit perfectly. Read More
Read MoreBPDA ends Navy Yard hotel project, to give ex-factory a fresh look
It’s been more than a decade and a half since the agency first tapped Kavanagh Advisory Group to redevelop the one-time U.S. Navy chain-making factory. Read More
Read MoreMIT, Adidas research can predict how your running shoes will fit you
Sarah Fay developed a model that can help individual runners pick better-performing shoes, and could lead to new innovations from shoemakers. Read More
Read More‘Grave disservice to the public’: State healthcare watchdog decries Steward’s lack of transparency
"The future viability and stability of the third-largest hospital system in Massachusetts will have clearly significant impacts on healthcare costs, healthcare access, patient care, and the healthcare workforce," HPC Executive Director David Seltz said. Read More
Read MoreFormer Gov. Deval Patrick joins Chicago-based investment firm, no longer advisor to Bain Capital
The two-term governor first joined Boston-based investment firm Bain Capital in April 2015 and returned as a senior advisor in 2021, after a failed presidential bid. Read More
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