Dec 24, 2011

Raytheon Contract | Homes Lost Billions | Retailers Recall Formula

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Business Headlines for Friday, December 23, 2011

Raytheon Nets Surveillance Contract

Raytheon Co., which has operations in Marlborough, has been awarded a U.S. Air Force contract to add capabilities to its space-based air traffic management system, the company announced. [more]

Housing Market Lost Billions In 2011

Sales levels are improving, but homes in the United States are expected to lose $681 billion in value for 2011, according to Zillow, a real estate information service. [more]

Retailers Recall Infant Formula

Price Chopper Supermarkets and Wal-Mart have both announced recalls of Enfamil Newborn formula because of a potential link between the baby formula and the death of an infant in Missouri. [more]

U.S. New Homes Sales Rise In November

Sales of new single-family houses rose 1.6 percent in November, according to the U.S. Census Bureau. [more]

Personal Income Up in November

Personal income, a measure of Americans' total wages and earnings, rose $8.5 billion in November, an increase of 0.1 percent, according to the Bureau of Economic Analysis. [more]


Premium Funding Firm Reaches $82K Settlement With State
IPFS Corp., a national company that provides financing for insurance premiums, has reached an $82,000 settlement with Massachusetts Attorney General Martha Coakley's office over allegations that it illegally canceled auto insurance policies. [more]

Tax Breaks For Two Central Mass. Firms

The state has awarded tax breaks to IPG Photonics Corp. in Oxford and Classic Envelope in Douglas as part of a $6.7 million package of tax incentives for 14 projects across the state. [more]

Happy Holidays from the WBJ

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Today's Regional Headlines

Murray asks state police to release "black box" data from Nov. crash -
One injured in plunge down embankment -
Marlborough Savings Bank robbed -
Mass. to get extra $21 million in federal home heating aid -
Last-minute shoppers pay price -
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