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Brightcove raises $59.5m in new round of financing

The Internet television company Brightcove, of Cambridge, said it closed a $59.5 million funding round. The round, led by AllianceBernstein, Brookside Capital, and Maverick Capital, also includes investments from The New York Times Co., parent of The Boston Globe, and Transcosmos Investments & Business Development Inc. Brightcove's technology enables media and entertainment companies to run video clips on their websites. Senator Barack Obama , Democrat of Illinois, used the Brightcove technology to embed a video player on his website when he disclosed he was exploring a run for president, Brightcove said. (Robert Weisman)

WBZ reportedly planning to lay off 10 employees
Amid widespread speculation about possible layoffs at WBZ-TV (Channel 4), a source inside the station with knowledge about its plans said WBZ plans to let go at least 10 employees, as early as today. None of the staffers are on-air talent but may include producers, writers, and editors. Ro Dooley Webster, a WBZ spokeswoman, said "I have to decline to comment on personnel speculation." (Suzanne C. Ryan)

N.E. power grid operator wants NStar claim denied
Independent System Operator New England , the region's power grid administrator, is opposing efforts by NStar Electric to collect a $33.5 million bounty in a power plant rate setting case. ISO blasted the move by NStar as "ill conceived" and is urging Massachusetts utility regulators to deny any payment. Outgoing Attorney General Thomas F. Reilly, on his last full day in office Tuesday, backed NStar. NStar and Reilly say the utility's advocacy in a federal rate case will save Massachusetts consumers $362 million. In late 2005, Reilly backed a plan for NStar to keep a portion of savings it can prove it won for consumers in regulatory cases. The Massachusetts Department of Telecommunications will take up the case at a hearing Feb. 14. (Peter J. Howe)

Natick company, partner win ruling in Dutch court
Boston Scientific Corp. said a Dutch court ruled in its favor, along with partner Angiotech Pharmaceuticals Inc., in a patent lawsuit against Conor Medsystems Inc. District Court in The Hague found Conor's CoStar paclitaxel stent infringed a claim to the Dutch version of Angiotech's European paclitaxel stent patent. The same claim was revoked in a United Kingdom court, but has been twice upheld by the Dutch court, Natick-based Boston Scientific said. The court also granted an injunction against Conor, keeping it from selling its stent in the Netherlands. (AP)

Raytheon group wins UK military training contract
A group including Raytheon Co. won a $31.4 billion military training contract from the UK Ministry of Defense. The academy at St. Athan, South Wales, will create 5,500 jobs in the area and employment for 1,500 construction workers, according to a spokesman for Metrix, the group of companies that won the contract. The British government wants to cut defense costs by using nonstate companies to train the armed forces. (Bloomberg)

Lawyer: All HP defendants offered deal in leak case
Former Hewlett-Packard Co. chairwoman Patricia Dunn, charged with felony conspiracy and identity theft in a boardroom leak probe at the company, was offered a plea bargain to one misdemeanor charge, a codefendant's lawyer said. Stephen Naratil, attorney for private investigator Bryan Wagner, said the California attorney general's office offered the same plea arrangement to all five defendants in the case, including Dunn, Wagner, Kevin Hunsaker, a lawyer and former ethics director at HP, and two other investigators, Ronald DeLia and Matthew Depante. (Bloomberg)

Hyundai union ends strike after accord on bonus pay
Hyundai Motor Co.'s union decided to end a strike after the company agreed to pay full bonus payments, officials said, resolving one of the latest obstacles facing South Korea's largest automaker. Hyundai agreed to pay the remainder of an agreed bonus of 1 1/2 months' pay, but only after workers meet production goals to make up for losses incurred from strikes last year and the latest walkouts, according to a deal between company and union officials. (AP)