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Source:  http://bostonherald.com/business/business_markets/2013/12/the_ticker_2

The Ticker

The Ticker

Rethink Robotics lays off 21 workers

Innovation District robotics company Rethink Robotics has laid off 21 employees, the company said yesterday.

The maker of Baxter, a robot designed for routine manufacturing tasks such as packaging, will focus on the robot’s main features, as well as its academic R&D platform.

“With a year’s experience in the market, we know where Baxter is really selling well and will concentrate our efforts there,” Rethink Robotics CEO Scott Eckert said in an email.

Eckert said the company had a broader focus before, and a smaller workforce will allow the company to continue to innovate in the future.

The layoffs are across the company, and employees have been offered assistance, Eckert said.

MassDiGI gets $25,000 grant

The ESA Foundation has awarded the Massachusetts Digital Games Institute at Becker College a $25,000 grant to expand high school student participation in the annual MassDiGI Game Challenge and launch MassDiGI 101, a series of mini workshops focused on game design and development.

Cantor Fitzgerald settles 9/11 lawsuit

Cantor Fitzgerald LP settled a lawsuit accusing American Airlines of failing to stop the hijacking of a plane that crashed into the World Trade Center on Sept. 11, 2001, killing 658 of the firm’s employees.

U.S. District Judge Alvin K. Hellerstein in Manhattan was told of the agreement at a hearing yesterday, according to court records. Hellerstein scheduled a Jan. 13 hearing to consider approving the accord.

The settlement of the lawsuit, filed almost 10 years ago, comes four days after American’s parent, Fort Worth, Texas-based AMR Corp., completed a merger with US Airways Group to form American Airlines Group.

Sprint mulls T-Mobile takeover

Sprint Corp is mulling a takeover of smaller rival T-Mobile US and could make a bid in the first half of 2014, according to a report in The Wall Street Journal.

But the story on the Journal’s website, which cited unnamed people familiar with the matter, also said that Sprint had not yet made a decision and was mulling the regulatory implications.

  • TD Bank has promoted Lauren D. Winters, left, to store manager at the branch in Springfield. She is responsible for new business development, consumer and business lending, managing personnel and overseeing the day-to-day operations at the branch.
  • Cambridge Health Alliance, a community health system that serves Cambridge, Somerville, and Boston’s metro-north communities, has named Jill Batty as its chief financial officer. Batty, who will join CHA on Jan. 6, brings more than 20 years of experience as a strategist, financial operations executive, and health care consultant working with a wide variety of providers, primarily acute care hospitals and physician group practices.

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