Top News & Analysis Connecticut

More

  • OLD GREENWICH, Conn. _ Ellington Residential Mortgage REIT on Wednesday reported fourth-quarter net income of $980,000, after reporting a loss in the same period a year earlier. The Old Greenwich, Connecticut- based company said it had net income of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • STAMFORD, Conn. _ The Navigators Group Inc. on Wednesday reported fourth-quarter profit of $17.7 million. On a per-share basis, the Stamford, Connecticut- based company said it had net income of $1.19. For the year, the company reported profit of $81.1 million, or $5.47 per share.

  • Andrew Cuomo is urging federal regulators to reject KeyCorp's $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States. The New York Democrat says the proposed acquisition of Buffalo- based First Niagara by Cleveland- based KeyCorp would reduce retail banking competition in upstate New York,...

  • *Two-, 10- year yield curve flattest since December 2007. NEW YORK, Feb 10- U.S. "It went pretty well... demand is definitely here at these yield levels," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • Carrier Corp. said it would shutter its Indianapolis plant where 1,400 workers and move its manufacturing to Mexico. Carrier Corp. and UTEC are both units of Hartford, Connecticut- based United Technologies Corp.. Carrier's president of North American HVAC systems and services, Chris Nelson, said the company is closing the Indianapolis plant in response to "...

  • *Treasury to sell $23 billion 10- year notes. Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10- year notes. "The Treasury market is off a little bit because European equities and domestic equities caught a stabilizing bid of some sort ahead of...

  • Fifth Street Senior Floating Rate posts 1Q loss Tuesday, 9 Feb 2016 | 7:43 PM ET

    GREENWICH, Conn. _ Fifth Street Senior Floating Rate Corp. on Tuesday reported a fiscal first-quarter loss of $13.3 million, after reporting a profit in the same period a year earlier. Fifth Street Senior Floating Rate shares have dropped 16 percent since the beginning of the year. Keywords: Fifth Street Senior Floating Rate, Earnings Report.

  • Feb 9- Closely followed oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as weak global markets extended last year's gloom that cost the hedge fund its biggest- ever annual loss of 36 percent, according to monthly data from the fund. Assets under management at Connecticut- based Astenbeck declined by about $100 million to $2...

  • Feb 9- U.S. stock indexes were set to open lower on Tuesday, as cautious investors doubled down on safer assets amid increasing concerns of a sustained slowdown in global economic growth. Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever. Japan's Nikkei...

  • *Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever on Tuesday. * "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming...

  • Feb 9- Prominent oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as tottering global markets extended last year's gloom that cost the hedge fund its biggest annual loss of 36 percent. The epicenter of January's market anxiety was China, and the U.S. The January loss caused assets under management at the Southport, Connecticut-...

  • Fifth Street Finance reports 1Q loss Tuesday, 9 Feb 2016 | 6:43 AM ET

    GREENWICH, Conn. _ Fifth Street Finance Corp. on Tuesday reported a loss of $62.9 million in its fiscal first quarter. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share. Fifth Street Finance shares have declined 12 percent since the beginning of the year.

  • Genesee & Wyoming beats 4Q profit forecasts Tuesday, 9 Feb 2016 | 6:17 AM ET

    DARIEN, Conn. _ Genesee& Wyoming Inc. on Tuesday reported fourth-quarter net income of $84.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Genesee& Wyoming shares have decreased slightly more than 1 percent since the beginning of the year.

  • The survey came after Sunday's meeting between Saudi Arabia's oil minister, Ali al-Naimi, and his Venezuelan counterpart produced no tangible signs that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump in oil. U.S. crude settled below $30 a barrel, finishing down $1.20 at $29.69. "Everyone's fearing new builds in crude," said Donald Morton,...

  • NEW YORK, Feb 8- U.S. Treasuries have notably become a clear beneficiary of that risk-off tone, "said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York. Investors noted data showing that China's foreign reserves fell for a third consecutive month in January as the central bank dumped dollars to defend the yuan and stem capital outflows.

  • *S&P financial index falls about 3 pct. NEW YORK, Feb 8- Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10- year Treasury yields hit their lowest in a year on demand for assets deemed less risky. Wall Street continued Friday's...

  • NEW YORK, Feb 8- U.S. "Weakness in global equities is adding pressure on Treasuries," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. Investors concerned about slowing growth noted data showing China's foreign reserves fell for a third consecutive month in January as the central bank dumped dollars to defend the yuan...

  • ALBANY, N.Y.— An upstate New York town that repeatedly found itself without power for days during a string of storms is planning a dramatic step by pulling its municipal buildings entirely off the electric grid. The decision by Nassau to rely on solar, wind, landfill gas and battery storage by 2020 puts the town of 5,000 near Albany on the leading edge of a national...

  • BOSTON— Tapping into Canadian hydropower is hardly a new concept in energy-starved New England. Among several plans yet to secure final approval are the $1.4 billion Northern Pass project, designed to bring 1,090 megawatts of Hydro- Quebec power through New Hampshire into southern New England and a 1,000- megawatt transmission line beneath Lake Champlain...

  • MARICOPA, Ariz.— A former president of a major aircraft manufacturer was one of the two people killed after their World War II-era plane crashed and burned near the town of Maricopa. Pilot Jeffrey Pino, 61, was formerly the president of Sikorsky Aircraft, a Connecticut- based aircraft manufacturer. The second victim was identified as 72- year-old Nickolas...