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Top News & Analysis Connecticut

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  • NEW YORK, Sept 2- U.S. safe-haven Treasuries prices slipped on Wednesday on greater risk appetite, with long-dated prices falling the most on continued speculation of foreign central bank selling. "We're down a little bit because stocks have shown some resiliency in the face of weaker data," said John Briggs, U.S. rates strategist at RBS in Stamford, Connecticut.

  • NEW YORK, Sept 2- The dollar rose on Wednesday as fragile global stock markets steadied and U.S. hiring data encouraged speculation that Federal Reserve policymakers will raise interest rates later this month. Stock market gains, including a rise of about 1 percent in early Wall Street trading, slowed a rush to unwind carry trades that have boosted the...

  • HARTFORD, Conn.— Commuter rail advocates are optimistic about the state's plans to upgrade service on the fast-growing Waterbury branch line on Metro-North Railroad. Dannel P. Malloy's 30- year, $100 billion transportation overhaul includes plans to spend $350 million to improve rail service between Bridgeport and Waterbury. And in December, $7 million in...

  • *China manufacturing contracts at fastest in 3 years- PMI. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum. And an OPEC magazine commentary that some traders interpreted on Monday as signaling a possible subtle policy shift was nothing of the sort, OPEC insiders said.

  • *China manufacturing contracts at fastest in 3 years- PMI. NEW YORK, Sept 1- Oil prices tumbled 8 percent on Tuesday in volatile trading that sent Brent futures back below $50 a barrel as weak Chinese data revived concerns about demand for petroleum after crude's three-day rally of more than 20 percent. "It was primarily the China fear factor," Carsten Fritsch at...

  • *China manufacturing contracts at fastest in 3 years- PMIs. NEW YORK, Sept 1- Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil...

  • BOSTON— The newest classroom at Harvard's business school has no desks or chairs. Here, Harvard sought to create a live, online replica of its campus classrooms. At a recent test of the technology, alumni connected to the room from Thailand, New Zealand and the Philippines.

  • NEW YORK— The Carlyle Group will pay $98 million to buy candle seller Blyth, the private equity firm said Monday. Shares of The Carlyle Group LP, based in Washington, D.C., fell 25 cents to $21.65 in midday trading Monday. Shares of Blyth Inc. soared $3.03 to $5.95.

  • GLOBAL MARKETS-Wild week for markets ends quietly Friday, 28 Aug 2015 | 4:44 PM ET

    *China central bank injects liquidity into market. NEW YORK, Aug 28- A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crude jumped more than 6 percent as a rally in...

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • Trend-driven funds profit on oil's slippery path Friday, 28 Aug 2015 | 12:00 AM ET

    Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • Wal-Mart to stop selling AR-15s and similar weapons Thursday, 27 Aug 2015 | 12:24 AM ET

    LITTLE ROCK, Ark.— Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday. Company spokesman Kory Lundberg said Wal-Mart Stores Inc. will remove the remaining inventory as stores transition from summer to fall merchandise, which should take a week or two to...

  • HARTFORD, Conn.— Rapper 50 Cent' s bankruptcy attorney says he'll try again to sell his 50,000- square-foot Connecticut mansion. The Hartford Courant reports Pat Neligan spoke at a court hearing Wednesday. He filed for bankruptcy last month after a New York City jury ordered him to pay $7 million to a woman who said he posted her sex tape online.

  • Wall Street is for sale - but is it cheap? Wednesday, 26 Aug 2015 | 6:12 PM ET

    NEW YORK, Aug 26- During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains- and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive. "We are not getting to a point where it's attractive, it's just not as expensive," said Michael O'Rourke, chief market strategist at...

  • The $3.4 million judgment stemmed from a 2007 lawsuit by the SEC against Olins, SpatiaLight and his wholly-owned company Argyle Capital Management Corp.. Among other claims, the SEC contended that Olins and Argyle illegally sold more than 400,000 shares of SpatiaLight stock without disclosing those sales and while making misrepresentations to investors...

  • NEW YORK, Aug 26- Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel. Gasoline stocks also rose, by 1.7 million barrels versus forecasts for a 1.3 million-barrel drop, the data from the Energy Information Administration showed.

  • Aug 26- Wal-Mart Stores Inc, the top seller of guns and ammunition in the United States, said on Wednesday it will stop carrying the AR-15 and other semi-automatic rifles at its stores due to sluggish demand. A spokesman for the world's largest retailer said the decision was based solely on demand and was not related to recent high-profile incidents involving...

  • Wal-Mart to stop selling AR-15s and similar weapons Wednesday, 26 Aug 2015 | 2:27 PM ET

    LITTLE ROCK, Ark.— Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday. Company spokesman Kory Lundberg said Wal-Mart Stores Inc. will remove the remaining inventory as stores transition from summer to fall merchandise, which should take a week or two to...

  • NEW YORK, Aug 26- Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. "The products builds are overwhelming the constructive crude draw," said Scott Shelton, commodities specialist at ICAP in Durham, North Carolina.