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Watertown company wins first round in 3-D printing court fight


Watertown company wins first round in 3-D printing court fight

A Watertown company won the first round in a court battle between two Boston-area tech firms that specialize in the burgeoning field of 3-D printing for industrial and commercial uses. A federal jury in Boston on Friday held that Markforged Inc. did not violate patents held by Desktop Metal Inc. of Burlington. Desktop Metal, which also makes 3-D metal printers, sued Markforged in March, claiming that Markforged had violated two Desktop Metal patents. In a second case, Desktop Metal has alleged that one of its interns stole trade secrets and handed them over to Markforged, where the intern’s brother held an executive position. That case is expected to go to trial later this year. — HIAWATHA BRAY



City’s demand for payments in lieu of taxes falls short, again

The City of Boston received $33.6 million in voluntary payments in lieu of taxes from nonprofits in the year ended June 30, an increase of 3 percent from the previous year. As usual, the take from the so-called PILOT program fell well short of the request that city officials made. Boston had sought $104 million, an amount that includes the value of “community benefits” that the hospitals, universities, and other nonprofits provide. With $43.5 million in community benefits factored in, nonprofits delivered 74 percent of the contributions that City Hall had sought. Some continued to give very little or no PILOT money, including Boston College, Emerson College, Joslin Diabetes Center, and the Children’s Museum. Several organizations fully met the city’s requests, among them Beth Israel Deaconess, Boston Children’s Hospital, Boston Symphony Orchestra, and Tufts University. — JON CHESTO


Tyson cuts forecast in wake of Trump trade dispute

Tyson Foods Inc., the largest US meat producer, blamed the country’s escalating trade dispute as it cut its full-year profit forecast. Both China and Mexico have imposed import tariffs on American pork recently in retaliation against US duties on metal shipments. The measures have sent hog prices plunging, eroding the profitability at Tyson’s port business. The Springdale, Ark., company said Monday it’s also grappling with higher commodity-market volatility and “sluggish” domestic demand for chicken. — BLOOMBERG NEWS



Shareholder sues Facebook after historic stock drop

Days after Facebook’s stock suffered the largest drop in Wall Street history, a shareholder sued the company, accusing the social media network of making misleading statements about its user numbers and operations. The plaintiff, James Kacouris, filed the lawsuit Friday seeking class-action status and to recover damages. Kacouris alleged that Facebook and its chief executive, Mark Zuckerberg, violated federal securities laws by misleading shareholders about the company’s number of active users and the slowing growth of its revenue. Kacouris also named Facebook chief financial officer David Wehner in the lawsuit, filed in US District Court for the Southern District of New York. Facebook said in its earnings report last week that it anticipated slower revenue growth and slimmer margins in the future, in part to improve the safety and privacy of the platform. That forecast ignited a massive Wall Street sell-off that dragged the company’s market value down by more than $100 billion. That was the largest single-day drop in Wall Street history. — WASHINGTON POST


Prices at the pump up two cents

Gasoline prices are inching up in Massachusetts with midsummer travel in full swing. AAA Northeast said Monday its weekly survey found self-serve regular selling for an average of $2.82 per gallon in the Bay State, a 2 cent jump from last week. Despite the increase, Massachusetts remains 3 cents below the national average of $2.85 per gallon. A year ago at this time, gas prices were averaging $2.24 per gallon, 58 cents lower than the current price. — ASSOCIATED PRESS



Caterpillar raises forecast despite trade war

The world’s biggest machinery maker is proving resilient to a nascent global trade war that’s disrupting other companies from Alcoa to General Motors. Caterpillar beat earnings estimates and raised annual expectations as demand for its iconic yellow diggers and dump trucks helped boost second-quarter sales by 24 percent. Caterpillar is benefiting as expansions in construction and mining gain pace. The outlook will help reassure investors rattled by the worst first half to a year for its shares since 2009, when the world was struggling to emerge from a recession. — BLOOMBERG NEWS


Traffic halted in Spain by taxi drivers angered by ride-hailing services

Striking taxi drivers in Spain brought traffic in parts of major cities to a standstill Monday by stopping their vehicles in major thoroughfares in protest against ride-hailing services. The Paseo de la Castellana, one of Madrid’s longest and broadest avenues, was a sea of hundreds of unmoving white taxis. Protesters played soccer and relaxed on sun loungers on the usually busy main road, while the knock-on effects on traffic spread across the capital. Taxi drivers are angered by a court’s decision to temporarily suspend Barcelona’s move to curb the operation of private companies. They also demand a ratio of 1 to 30 private versus public taxi licenses. — ASSOCIATED PRESS


FDA warns against use of devices for vaginal ‘rejuvenation’

The Food and Drug Administration on Monday warned against the use of ‘‘energy-based’’ devices for vaginal ‘‘rejuvenation’’ or cosmetic procedures, saying such treatments could lead to vaginal burns, scarring, and chronic pain. The agency said that it has approved such devices, which commonly use laser beams or radio frequencies, for specific gynecologic uses including the destruction of precancerous cervical or vaginal tissue and the removal of genital warts. But it has not cleared the devices for symptoms related to menopause, urinary incontinence, or sexual function. One of the companies that received a letter from FDA is Cynosure, which manufactures a device called MonaLisa Touch. Cynosure referred calls about the FDA action to its parent company, Hologic, a medical technology firm based in Marlborough. A spokeswoman for Hologic said company officials had not yet seen the FDA letter and so couldn’t comment on it. — WASHINGTON POST



Harley-Davidson to roll out smaller bikes, electric engines

Smaller bikes, electric engines, online sales, and urban storefronts, Harley-Davidson, we hardly knew you. The American motorcycle company, facing dwindling sales in its home market, said Monday that it will roll out some new products and stores to broaden its audience and invigorate sales. Harley, known for its car-alarm triggering engine rumble, will roll out an electric motorcycle called LiveWire next year, with no clutch and no gears. It’s promising to expand that line over the next few years. It will also open smaller storefronts in urban areas to broaden its appeal. With sales rising in Asia and India, Harley-Davidson says it’s developing smaller bikes with 250 to 500 cubic centimeter engines to make them more accessible. — ASSOCIATED PRESS


German Ryanair pilots vote to strike, deepening labor strife

Ryanair Holdings’s labor crisis deepened on Monday as pilots in Germany voted to strike in a dispute over pay and conditions. Crews could walk out at 24 hours’ notice after more than 96 percent of respondents backed industrial action in a poll, the Vereinigung Cockpit union said in a statement. It set an Aug. 6 deadline for the discount carrier to avoid disruption by submitting terms that could form a basis for negotiations. Ryanair scrapped more than 600 flights last week amid strikes by Irish pilots and cabin crew in Italy, Spain, Portugal, and Belgium. — BLOOMBERG NEWS