The Ticker

N.H. co. settles with Apple

A New Hampshire company that was manufacturing synthetic sapphire glass has reached a settlement with Apple, but at the expense of layoffs at its facilities in Salem and New Hampshire.

GT Advanced Technologies said in a statement yesterday it will "wind down" its sapphire production in Salem and Mesa, Ariz., under a settlement with Apple that is part of the company's ongoing Chapter 11 bankruptcy proceedings.

GT has laid off 650 workers in its Arizona plant and six employees in Salem. The Salem facility will remain open, but a number of positions will be transferred to its Merrimack, N.H., headquarters.

MBTA launches Green Line tracking

The MBTA began providing real-time information on the Green Line yesterday for the first time in the line's 
117-year history. Real-time data on the location of Green Line trains is now fed to the dozens of MBTA real-time apps. This will mark the completion of the first phase of a multi-phase project to provide real-time information and predictions to the Green Line's 227,000 daily riders.

Raytheon reports $515M in net income

Raytheon Co. yesterday reported third-quarter net income of $515 million.

On a per-share basis, the Waltham company said it had a profit of $1.65, beating Wall Street expectations.

The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.

The defense contractor posted revenue of 
$5.47 billion in the period, which missed Street forecasts. Analysts expected $5.62 billion, according to Zacks.

Lynch donates $50G to foundation

The New England Chapter of the Network for Teaching Entrepreneurship announced it has received a $50,000 donation from the Barbara Lynch Foundation. The Hub restaurateur's donation will be used to specifically expand NFTE's programming within Boston schools, including Charlestown High School, the Josiah Quincy School, Boston International High School and West Roxbury Academy.

Today

• Commerce Department releases new home sales for September.
• State Street Global Advisors, the asset management business of State Street Corp., has announced the appointment of Lori Heinel as chief portfolio strategist. In this newly created position, Heinel will oversee a global team of 20 investment professionals dedicated to communicating information about investment strategies and solutions to prospects, clients and consultants. A 30-year industry veteran, Heinel most recently served as chief investment strategist for OppenheimerFunds Inc., where she oversaw product management, product development and investment thought leadership.

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