Massachusetts news

• Twitter is selling 'Crashlytics' to Google while its co-founders step back

  18-01-2017 21:59 via feeds.bizjournals.com
  This article originally appeared on BostInno.One of Boston startup community's more notable exits from the past few years is Crashlytics, a venture capital-backed mobile crash reporting service. Notable not necessarily because of the money, but rather because of who bought it: Twitter. Now the startup's current form as a mobile development platform for Twitter is being sold to an even bigger buyer: Google.Fabric— the name of Twitter's mobile development platform that came out of Crashlytic
  
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• Hubspot released employee diversity numbers. Here's how they stack up.

  18-01-2017 21:06 via feeds.bizjournals.com
  Fast-growing sales and marketing software company Hubspot has released data about the gender, ethnicity and age diversity of its employees for the first time.The information was presented in a blog post by Katie Burke, Hubspot's vice president of culture and experience, who wrote that the disclosure is in line with one of the company's core tenets — transparency."But practicing transparency is most important when it’s hard," Burke wrote. "Like many tech companies, we have made a publ
  
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• Short-seller takes aim at Beverly biotech, sparking claims of 'fake news'

  18-01-2017 21:00 via feeds.bizjournals.com
  A tiny beverly biotech is engaged in a nasty feud with an anonymous short-seller who claims its business is a sham, leading to accusations of market manipulation.On Tuesday, the investor website Seeking Alpha published an article by a short seller using the pseudonym Mako Research, who wrote that Cellceutix Corp. is at risk of running out of cash and declaring bankruptcy. The author also claimed that the company has financial ties to Platinum Partners, a New York hedge fund whose top executives,
  
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• Massachusetts has more CEOs than plumbers: Bay State jobs by the numbers

  18-01-2017 20:56 via feeds.bizjournals.com
  More people in Massachusetts can run your company than can fix your toilet.That's according to a Business Journal analysis of data from the federal Bureau of Labor Statistics, detailing the jobs that employ the most people in Massachusetts. The data was collected in 2015 from employers in all industry sectors in metropolitan and nonmetropolitan areas in Massachusetts.In the Bay State, there were 11,640 CEOs and 11,070 plumbers at the end of 2015, according to the data.But what also powers the&he
  
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• MassMutual exec makes unusual leap from lawyer to tech chief

  18-01-2017 20:49 via feeds.bizjournals.com
  After 12 years in the same role, MassMutual executive Mark Roellig is giving up his post of general counsel for a very different position at the insurer: head of technology.Beginning Feb. 1, Roellig will serve as MassMutual’s chief technology and administrative officer. The Springfield-based financial services giant made the announcement this week alongside a handful of other executive changes.Roellig has held the position of general counsel, the top legal position at a company, at four di
  
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• See where Massachusetts ranks among the best and worst states to raise a family

  18-01-2017 20:33 via feeds.bizjournals.com
  Looking to relocate your family or business — or both? You might want to pause and consider what the folks at WalletHub have to say on the matter.The Washington, D.C.-based research firm has taken a crack at ranking the U.S. states for alignment with the economic and social metrics that families consider when identifying where to put down roots.Massachusetts ranked No. 6 in the resulting report, titled "2017's Best and Worst States to Raise a Family," which offers analysis that ranges from
  
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• 10 venture-backed companies to watch in 2017

  18-01-2017 20:18 via feeds.bizjournals.com
  The Massachusetts tech industry has wasted no time getting down to business in 2017. In the first two weeks of the year, a mobile-app software firm got acquired, a data storage company raised $75 million and a whole lot of local companies announced new products at CES in Las Vegas.Now that many companies have shown their hands in terms of what's in store for 2017, we put together a list of the 10 venture-backed companies we think will make headlines during the rest of the year.Why "venture-backe
  
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• State Street to pay $64M to end criminal, SEC fraud probes

  18-01-2017 16:50 via feeds.bizjournals.com
  State Street has agreed to pay more than $64 million to end two federal probes into an alleged plot by two former executives to overcharge clients through secret commissions on trades worth billions of dollars.The Boston financial services company (NYSE: STT) will pay a $32.3 million criminal penalty to the U.S. Department of Justice and a civil penalty in the same amount to the U.S. Securities and Exchange Commission.State Street admitted that it added the commissions to trades performed on&hel
  
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• Eli Lilly will pay $960M for migraine-focused Cambridge biotech

  18-01-2017 13:22 via feeds.bizjournals.com
  A Cambridge company with a drug to treat migraines in the works will be acquired for $960 million by drug giant Eli Lilly.The deal values CoLucid Pharmaceuticals Inc. (Nasdaq: CLCD), which went public in May 2015, at 43 percent more than its closing stock price as of Tuesday.CoLucid’s main drug, called lasmiditan, was originally licensed from Eli Lilly (NYSE: LLY) and succeeded in the first of two late-stage trials last September. Results of the second Phase 3 trial are expected in the sec
  
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• Take a tour of Lahey Hospital's $80M new ER

  18-01-2017 13:08 via feeds.bizjournals.com
  As Lahey Hospital and Medical Center added a handful of community hospitals to its network, it’s emergency department has grown increasingly more crowded.Yet with the opening of a new $80 million emergency department on Jan. 25, the hospital’s crowded corridors and outdated facility are soon to be a thing of the past.“The level of acuity has risen dramatically as we’ve become more of a tertiary care center and level 2 trauma center,” said Mac Creighton, chair of the
  
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