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August 14, 2018

Money

Lahey Health appoints interim CEO as state reviews merger

Lahey Health has named Dr. Richard Nesto as its interim CEO, as the organization seeks state approval for a mega-merger with four other hospitals. Nesto, who currently serves as chief medical officer for the health system, will take over on Oct. 1. He will succeed Dr. Howard Grant, who announced in January 2017 that he

Target hiring employees for new Porter Square store

Target Corp. is currently on the hunt for 40 employees to work at its newest small-format store in Cambridge’s Porter Square, set to open this fall. Target (NYSE: TGT) is planning to open the store at 822 Somerville Ave., along with another small-format store in Burlington, on Oct. 21. They will mark the company’s sixth

Raytheon unveils new $72M radar-testing facility in Andover

Defense contractor Raytheon Co. on Monday launched a new manufacturing facility in Andover meant to support the production of cutting-edge radar technology for the U.S. Navy. The 30,000-square-foot facility cost $72 million to develop and was completed just over a year after Waltham-based Raytheon (NYSE: RTN) began construction in May 2017. With 50-foot-high ceilings and

Apartment complex near Boston Landing sells for $43M

Trac 75, a 93,000-square-foot, 80-unit apartment complex near Boston Landing, has sold to a private family office for $42.5 million. The sale adds to the swell of development activity in Allston following the opening of the Boston Landing Commuter Rail station and the ongoing buildout of the 15-acre Boston Landing campus. Brookline-based Trac 75 LLC

Brigham and Women's Faulkner appoints new president

A top official at Brigham and Women’s Hospital is set to become the next president of Brigham and Women’s Faulkner Hospital in Jamaica Plain. David McCready will start in the new role on Thursday. He comes from Brigham and Women’s Hospital, where he served as senior vice president of surgical, procedural and imaging services, facilities

This Boston startup is teaching self-driving cars to think like humans

This story originally appeared on BostInno. A recent report by Conservation Law Foundation, an environmental advocacy organization based in Boston, finds that autonomous vehicles will reduce collision costs resulting from car accidents in Massachusetts from $5.5 billion in 2015 to $3.4 billion by 2050. According to the report, while self-driving cars will increase congestion in

Woburn's Skyworks to buy Oregon circuit-maker for up to $425M

Woburn-based Skyworks Solutions Inc., which has quietly become one of the most valuable technology companies in Massachusetts, will pay up to $425 million to buy Oregon-based Avnera Corp. In announcing the deal on Monday, Skyworks (Nasdaq: SWKS) said Avnera’s ability to create electronic circuits that process audio signals will help Skyworks manufacture computing chips perfectly

Why Boston has so many of the best-paying companies in the U.S.

Silicon Valley gets plenty of press for its frothy job market and hefty salaries for high-skilled workers. But to find the companies that pay people the best, you’re better off looking east to the biotech cluster of Boston and Cambridge. A Business Journals analysis of more than 600 publicly traded companies found that Massachusetts and

GE reportedly looking to sell parts of software business

General Electric Co. is seeking to sell at least portions of its GE Digital subsidiary, the Wall Street Journal reported Monday, marking a further departure from former CEO Jeff Immelt’s vision for the company when he decided to move GE’s headquarters to Boston. GE (NYSE: GE) has hired an investment bank to gauge interest in

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