This weeks news, features, events and economic trends in MetroWest and along the heart of the I-495 corridor

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Metrowest 495

Data storage company closing 114-worker Marlborough facility

The data storage company Western Digital is closing a 114-worker facility in Marlborough as part of a restructuring.

Pottery Barn, Homesense coming to Northborough Crossing

Pottery Barn is opening a new outlet store at Northborough Crossing on Thursday and will soon be joined by a new Homesense.

Go here for more information

Boston Scientific acquires Calif. firm for up to $160M

Boston Scientific is showing no signs of slowing its aggressive acquisition strategy as the medical device giant is set to acquire a privately held obstructive disease firm for up to $160 million.

Alzheon researchers discover key Alzheimer's substance

Researchers at the Framingham pharmaceutical firm Alzheon have discovered a substance in the brain inhibiting the formation of molecules that help form Alzheimer's disease.

Acacia expecting normal Q3 operations with ZTE back

Shares of Acacia Communications have jumped nearly 20 percent since it said the business will get back on track with its largest customer allowed back into U.S. commerce.

Virtusa reports 32% revenue bump, but $7.4M in Q1 losses

Southborough global IT firm Virtusa is facing a $7.4-million loss in its first quarter despite its revenues jumping 32 percent year-over-year and 6.6 percent sequentially.

Calendar

Wednesday, Aug. 15

Summer Luau BBQ

Presented by: Marlborough Regional Chamber of Commerce

5:30 p.m.-8:30 p.m.

Longfellow's Wayside Inn, Sudbury

Thursday, Aug. 16

Health Connector for Business

Presented by: Assabet Valley Chamber of Commerce

7:30 a.m.-9:30 a.m.

Fourstar Connections, Hudson

Tuesday, Sep. 04

Shrewsbury Toastmasters

Presented by: Shrewsbury Federal Credit Union

5:45 p.m.-7:00 p.m.

Shrewsbuy Federal Credit Union, Shrewsbury

Go here for more information

People on the move

Bonnie Biocchi is the new executive director of the Northeast Public Power Association of Littleton. Biocchi, of Groton, is a former CEO of the MetroWest Chamber of Commerce and regional director for the Massachusetts Office of Business Development.

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