Top News & Analysis Connecticut

  • CHARLESTON, W.Va.— In a story Aug. 24 about U.S. Joe Manchin's stance on price hikes for life-saving allergy injection pens, The Associated Press erroneously reported that the cost of a two-dose package of EpiPens rose more than 600 percent in the last nine years. The Democratic West Virginia senator's daughter, Heather Bresch, is CEO of Mylan, the manufacturer of...

  • *China, Dubai among places where coasts expand. OSLO, Aug 25- The Earth has gained coastal land equivalent to the size of Jamaica in the past 30 years with man-made construction outpacing erosion caused by rising sea levels, mapping data showed on Thursday. Expansion of ports off China, construction of luxury resorts off Dubai or land reclamation in the...

  • But the drugmaker didn't budge on its price hikes Thursday, which have drawn ire both in Congress and from families that have had to shell out increasingly large sums for the potentially life-saving treatment. "That's just going to come out in the premiums," said Sabrina Corlette, a research professor at the Georgetown University's Health Policy Institute.

  • The Democratic West Virginia senator's daughter, Heather Bresch, is CEO of Mylan, the manufacturer of EpiPens. A two-dose package, costing around $94 nine years ago, rose more than 600 percent to an average cost of $608 in May, according to the Elsevier Clinical Solutions' Gold Standard Drug Database. Her predecessor as CEO made almost $15 million in 2007,...

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is squarely focused on Federal Reserve Chair Janet Yellen's speech at Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • GREENWICH, Conn. _ Eagle Point Credit Co. on Wednesday reported second-quarter net income of $26.2 million. The Greenwich, Connecticut- based company said it had profit of $1.81 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HARTFORD, Conn.— With the growth of agritourism and more people visiting local farms, Connecticut officials are joining other states in educating farmers about how to mitigate health risks for their new visitors. Bruce Sherman, director the Connecticut Department of Agriculture's Bureau of Inspection and Regulation, said people were petting the animals.

  • HARTFORD, Conn.— A national liquor retailer is taking Connecticut to court over the state's minimum pricing rules for certain alcoholic beverages. Total Wine& More says it filed a lawsuit Tuesday in U.S. District Court challenging Connecticut's long-standing law prohibiting retailers from selling bottles of alcohol, excluding beer, below a minimum price.

  • BANGOR, Maine— The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction. The slice of roadside Americana will no longer be served up in Bangor after Sept. 6.

  • NEW YORK, Aug 23- British banks could lose a good number of European and domestic corporate customers in the aftermath of Britain's vote to leave the European Union in June, known as Brexit, according to a private study released on Tuesday. About 40 percent of European companies and nearly 25 percent of U.K. companies already have or are planning to reallocate...

  • WASHINGTON— Members of Congress are demanding more information on why the price for lifesaving EpiPens has skyrocketed. Charles Grassley, R- Iowa, wrote Mylan, the company that manufactures the devices, and asked for more information on why the prices have increased. Two other senators, Democrats Mark Warner of Virginia and Richard Blumenthal of Connecticut,...

  • Kyle Good, a senior vice president at Scholastic Inc., says Schindel died of natural causes Saturday at his Weston, Connecticut, home. Scholastic bought Schindel's company, Weston Woods Studios, in 1996.. The Orange, New Jersey, native and former New York resident produced more than 300 movies and 450 recordings.

  • HARTFORD, Conn.— Facing a massive deficit that's more than 12 percent of his city's budget, the new mayor of Hartford is appealing to wealthier neighbors to help find regional solutions that benefit Connecticut's struggling capital city and its suburbs. While acknowledging Hartford has made some poor financial decisions, he reminds people that his and other...

  • Illinois became the third state— with New York and Connecticut— to abolish the tax just this year, among 15 states where legislation was introduced, said Jennifer Weiss-Wolf of the Brennan Center for Justice. Maryland, Massachusetts, Minnesota, New Jersey and Pennsylvania had previously not charged the tax and five other states have no sales tax.

  • NEW YORK, Aug 19- Investors questioning whether record high U.S. stock prices mean it is time to bail out of equities should look beyond the elevated levels found in the widely used valuation tool, the price-to-earnings ratio, experts say. The benchmark S&P 500 stock index hovers just underneath an all-time peak, and its P/E ratio has recently been at the highest...

  • HARTFORD, Conn.— A Connecticut state worker fired after he was caught smoking marijuana on the job was punished too harshly and should get his job back, the state Supreme Court ruled Friday. Gregory Linhoff was fired from his maintenance job at the University of Connecticut Health Center in Farmington in 2012 after a police officer caught him smoking pot in a...

  • BROOKFIELD, Conn. _ Photronics Inc. on Thursday reported fiscal third-quarter earnings of $8.1 million. For the current quarter ending in October, Photronics said it expects revenue in the range of $118 million to $128 million. Photronics shares have decreased 19 percent since the beginning of the year.

  • HARTFORD, Conn.— A man who targeted watches during a string of outlet store break-ins from Florida to Maine will have to serve time in prison. Perez, who most recently lived in New Jersey, led a group that in 2013 broke into Fossil and other outlet stores, getting away with more than $1.8 million in watches from burglaries in Connecticut, Massachusetts, Maryland,...

  • NEW YORK, Aug 17- Two former Insys Therapeutics Inc employees pleaded not guilty on Wednesday to charges that they engaged in a scheme to pay doctors kickbacks including speaker fees to prescribe a drug containing the opioid fentanyl. Jonathan Roper, a former Insys district sales manager, and Fernando Serrano, a former sales representative, entered their pleas...