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May 22, 2018


Toys ‘R’ Us lays off nearly 1,000 people in Mass.

Bankrupt toy retailer Toys ‘R’ Us Inc. laid off 981 associates at 25 Toys ‘R’ Us and Babies ‘R’ Us locations across Massachusetts, the company has disclosed. The layoffs were effective May 14 for Toys ‘R’ Us facilities in Braintree, Peabody, North Attleboro, Everett, Framingham, Millbury, Holyoke, Wrentham, Lee, Saugus, Auburn, Woburn, Dedham, Springfield, Swansea,

Boston Globe lays off advertising employees

The Boston Globe laid off several employees in its advertising department today, saying the cuts were necessary to increase efficiency. A spokeswoman for the Globe Monday afternoon confirmed “a select number of positions eliminated on the business side” of the media company. “As we continue our transformation in developing a sustainable and vibrant media organization, we

Microsoft acquires speech recognition AI startup Semantic Machines

This story first appeared on BostInno. Microsoft wants to make Cortana smarter. Microsoft (Nasdaq: MSFT) went shopping for AI startups and stopped its search at Semantic Machines, a Newton-based startup that builds artificial-intelligence software for home-automation devices and customer service for brands. The company also has an office in Berkeley, California.  Its conversational AI software

Iora Health hopes to expand primary-care model with $100M raise

Iora Health, a company that aims to reconfigure primary-care practices, has announced a $100 million fundraise to allow it to open more sites. Investors in theSeries E round include .406 Ventures, Devonshire Investors, F-Prime Capital, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners and Temasek. Including the recent raise, Iora has raised $223

General Electric drops again on Fortune 500 list

General Electric Co. fell five spots on Fortune magazine’s annual list of the highest-grossing U.S. companies this year, making it the third consecutive year it has dropped in the rankings. In all, 12 Massachusetts-based companies made the Fortune 500, one fewer than last year. Staples Inc. is no longer on the list after being acquired

GE to merge transportation unit with Wabtec in $11B deal

General Electric Co. took a major step forward in its drive to streamline its operations on Monday, announcing a merger of its railroad and locomotives business with Wabtec Corp. in a deal valued at $11 billion. Under the transaction, GE (NYSE: GE) and its shareholders will have a 50.1 percent stake in the combined company,

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