Technology

GTAT laying off 40 N.H. workers in worldwide layoff

Nashua-based GT Advanced Technologies is laying off about 40 employees in New Hampshire as part of a 25 percent reduction in its worldwide workforce. The move was made, the company said Wednesday, in order to better face a "challenging 2013."…

HHS to seek new extension for Medicaid computer system

Department of Health and Human Services Commissioner Nicholas Toumpas wants to give Xerox Corp. more time to implement the state's new Medicaid Management Information System, that was originally supposed to be running at the end of 2007.But, Toumpas, promised, this…

Nov. 16 social media summit at SNHU

The fourth annual "A-Ha!" Social Business Summit, an award-winning conference focusing on social media, will be held Friday, Nov. 16, at Southern New Hampshire University in Manchester. Hosted by Epiphanies Inc., the summit will for the first time be available…

It's back: SEC's Cabletron case set for November

Eric Jaeger, the former top lawyer and vice president at Cabletron Systems, may call on former Cabletron CEO Piyush Patel, former Cabletron chief financial officer David Kirkpatrick and Michael A. Skubisz, former CEO of a Cabletron spinoff company, to testify…

Bottomline execs got big pay raises in 2012

The top three executives of Portsmouth-based Bottomline Technologies earned $5.2 million in compensation in fiscal year 2012 -- more than a 50 percent increase over 2011, the company disclosed in its proxy. The nine members of the board of the…

Ex-AeroSat CEO sues over 2011 firing

AeroSat Corp., an Amherst-based company that makes antennas used in commercial aircraft to allow passengers to connect to the Internet and watch TV, fired its founder Michael Barrett last year and owes him at least $660,000, Barrett claims in a…

GTAT readies $175m 'war chest' bond issue

GT Advanced Technologies plans to raise $175 million to $200 million in a rather complicated bond issue, the Nashua-based company announced Monday. GTAT will be using the proceeds to build its "war chest" - in the words of spokesperson Ryan…