In a move that’s familiar to anyone who has watched real estate agents make neighborhoods out of thin air, a group of state and municipal leaders and local business owners announced the creation of the new Charles River Mill District on Wednesday, designating a swath of land at the crosshairs of Waltham, Newton, and Watertown as yet another hub for innovation in the region.More →

International lighting giant Royal Philips announced Tuesday it is consolidating its North American research and development efforts in Cambridge so that it can be close to the Massachusetts Institute of Technology and other Kendall Square innovators.

The company and school also announced a 5-year, $25 million collaboration effort that will bring academic and company researchers together to work on health care and urban lighting technology.More →