News

StockerYale chief's compensation detailed

Salem-based StockerYale paid CEO Mark Blodgett a compensation package valued at nearly $485,000 last year, according to the company’s annual proxy statement filed with the Securities and Exchange Commission at the end of last week. Blodgett’s $340,000 salary remains the…

FDA OKs Hudson firm’s mesh

Atrium Medical Corporation, a Hudson-based manufacturer of medical devices, has been granted Food and Drug Administration approval of its bio-absorbable coated mesh, called C-QUR Mesh. The polypropylene surgical mesh is coated with proprietary pharmaceutical-grade Omega 3 fatty acids, and is…

Fla. investment firm buys Foss

A private investment firm agreed April 7 to buy most of the assets of bankrupt Foss Manufacturing, which could keep the Hampton-based fabric manufacturer open with its current employees. But it also sets the stage for a legal effort -…

C&S faces class action suit

Keene-based C&S Wholesale Grocers has been sued by a group of warehouse employees who charge that they have been cheated out of millions of dollars a week in wages. Four C&S employees have filed a nationwide class action suit in…

Talbots a step closer to owning J.Jill

Talbots announced Wednesday that the waiting period under federal antitrust law governing its proposed purchase of women’s retailer J Jill Group has expired and the deal is likely to close in early May. The $517 million deal, scheduled to go…

StockerYale sees revenue increase

StockerYale’s revenues will increase in the first quarter of 2006, according to a statement issued Wednesday by the firm, but it won’t say whether it made any money until it releases its financial results on April 17. The company indicated…