Mercury Systems, a Chelmsford-based provider of open sensor and Big Data processing systems, software and services for commercial defense and intelligence applications, said it cut 142 jobs in the first quarter of the year, according to a recent filing with the Securities and Exchange Commission.The company said a restructuring plan, hitting its Mercury Commercial Electronics reportable segment, was put in ...

Shares of Tesla Motors Inc. soared more than 20 percent in after-hours trading Wednesday after the company posted its first-ever profit. Tesla (NASDAQ: TSLA) reported first-quarter net income of $11.2 million, compared with a loss of $89.9 million a year earlier. Revenue for the quarter came in at $562 million, thanks to sales of 4,900 units of the company's Model ...

Have you seen the ad with the funeral for the incandescent lightbulb? As a lone bagpiper plays a dirge in the snow, the actor best known as that no-nonsense lieutenant from The Wire explains in his stentorian baritone that it’s not a sad day, because Cree Inc.’s LED bulbs last 25 times as long and use 84% less energy. Then ...

By Deepa Seetharaman DETROIT (Reuters) - U.S. auto safety regulators closed two separate probes into vehicles made by Ford Motor Co and Chrysler Group LLC after the two U.S. automakers conducted safety recalls this year to fix glitches in some models. The U.S. National Highway Traffic Safety Administration closed both investigations in early May, according to documents filed on the ...

U.S. auto safety regulators are watching about 100,000 Ford and Mercury minivans that were not covered by a recall for rust problems.