Business

Local Cambridge Area business news. Who’s hiring, coming and leaving. Best of Lists and More…

Harvard Layoffs a Blow to Cambridge

Filed in Business by on June 24, 2009 1 Comment
Harvard Layoffs a Blow to Cambridge

Yesterday Harvard reported that they are laying off 275 staff members both on the teaching side and the support and administrative side.  Surprisingly this caught many at the University by surprise.  I am including a video by NECN that goes into more of the detail but the facts are that the layoffs are due to […]

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Cambridge Based Genzyme Forced to Shut Down Production

Filed in Business by on June 18, 2009 1 Comment
Cambridge Based Genzyme Forced to Shut Down Production

In a press release on Tuesday Cambridge based Genzyme announced a temporary shut down in their Allston production facility. The reason is that a virus was detected in one of the bioreactors. They plan to clean and sanitize the facility so that production can be restarted. They anticipate that production can be restarted by the […]

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Governor Patrick Announces Funds Competition in Cambridge

Filed in Business by on June 15, 2009 0 Comments
Governor Patrick Announces Funds Competition in Cambridge

Last Wednesday Governor Deval Patrick announced Massachusett’s backing of the MassChallenge Venture Funds Competition. According to Mass High Tech this competition aims to supply seed-stage businesses with funding that due to the economy and past Wall Street problems are no longer readily available to start ups. The MassChallenge Venture Funds Competition is run by John […]

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E Ink of Cambridge Sold to Taiwanese Company

Filed in Business by on June 1, 2009 0 Comments
E Ink of Cambridge Sold to Taiwanese Company

Prime View International of Taiwan has agreed to buy E Ink of Cambridge for $215 million.  Thankfully the company will be staying in Cambridge and even plans to add jobs (10-20) here in Cambridge.  Both the Boston Business Journal and Mass High Tech reported the planned purchase this morning. E Ink started out at MIT’s […]

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