News

Presstek says 'deep' layoffs loom

Presstek Inc. will slash its workforce in an attempt to regain profitability after posting a third-quarter loss of more than $5.4 million, the company announced Monday.The printing equipment company, which employs 130 people in Hudson and 450 overall, would not…

Crowdfunding gets big boost in Congress

A bill that would let entrepreneurs sell ownership stakes in their companies through crowdfunding websites and other online social networks has been overwhelmingly approved by the U.S. House.Earlier this month, members of the House voted 407-17 in favor of HR…

GT earnings slide in second quarter

GT Advanced Technology's second-quarter profits and revenue declined compared to last year at the same time, and the company has revised its guidance downward, but GT still has a $2.1 billion backlog of orders.The Merrimack-based maker of material and equipment…

PC Connection income gains

PC Connection posted net income of $9.4 million, or 35 cents a share, in its third quarter ending Sept. 30, up slightly from the $8.6 million posted during the same quarter last year.That brings profits at the Merrimack-based firm to…