Top News & Analysis Connecticut

  • NEW YORK, Sept 29- The U.S. dollar hit an eight-day high against the yen on Thursday on reduced appetite for the safe-haven currency a day after OPEC agreed to cut oil output, while easing concerns surrounding the European banking sector helped the euro gain. OPEC agreed on Wednesday to modest oil output cuts in the first such deal since 2008, with the group's...

  • The twice-annual Billion Dollar Club report, released on Thursday, showed a decline of nearly 7 percent, or $132 billion, to July 2016 from a year ago. Firms including Och-Ziff Capital Management Group LLC, BTG Pactual Asset Management, York Capital Management, Pershing Square Capital Management and J.P. Assets for the Billion Dollar Club have fallen over the...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • HARTFORD, Conn.— The Latest on the Connecticut General Assembly approving a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state.:. The Connecticut General Assembly has given final legislative approval to a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state to produce a new line of heavy cargo helicopters.

  • HARTFORD, Conn.— A $220 million agreement that would keep Sikorsky Aircraft Corp. in Connecticut for at least the next 16 years to produce a new line of heavy cargo helicopters for the U.S. military easily cleared the General Assembly on Wednesday, with some lawmakers hailing the deal as a positive sign for manufacturing in the state. Dannel P. Malloy's...

  • So when the University of Connecticut offered a merit award of $20,000 over four years, he saw it as a bonus. As a discount on in-state tuition, it brought the cost well below half of what his family might have paid at his other top choices, Penn State or the University of Vermont. "Without financial reasons I might have gone to Penn State, but on the other hand he was like,'...

  • NORWALK, Conn. _ FactSet Research Systems Inc. on Tuesday reported fiscal fourth-quarter net income of $144.3 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share. Six analysts surveyed by Zacks expected $290.9 million.

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller lenders as it updates its annual stress test, Fed Governor Daniel Tarullo said on Monday. "In pulling this package of modifications together, we have consciously shaped them in accordance with the principle that financial...

  • HARTFORD, Conn.— Democratic leaders of the Connecticut House of Representatives predicted Monday there's support among state lawmakers for a $220 million agreement that would commit Sikorsky Aircraft to keeping its headquarters in the state. The House leaders represent the majority party in the General Assembly. "I think there's genuine support for the...

  • NEW YORK— American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday. To do so, it said, likely would increase the market shares of Visa and MasterCard at the expense of American Express, whose card members tend...

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual' stress test,' Fed Governor Daniel Tarullo said on Monday. The reforms will include a new capital' buffer' to better protect the financial system from a shock at the nation's largest...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • ATLANTA— The Centers for Disease Control says a multistate outbreak of E.coli has sickened seven people, sending five to the hospital. They're from Massachusetts, Connecticut, Pennsylvania and West Virginia. The CDC says five people who were interviewed said they'd eaten ground beef in the week before getting sick and that tests conducted in Connecticut on...

  • FARMINGTON, Conn.— Connecticut hasn't become the Silicon Valley of bioscience quite yet, but five years after lawmakers made a massive investment to support the development of that industry, there is a thriving hub in Farmington. The labs are being leased to the companies as part of the university's Technology Incubation Program, which is designed to help...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...