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Top News & Analysis Connecticut

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  • Salisbury Bancorp posts 2Q profit Friday, 31 Jul 2015 | 6:03 PM ET

    LAKEVILLE, Conn. _ Salisbury Bancorp Inc. on Friday reported net income of $2 million in its second quarter. Salisbury Bancorp shares have increased almost 10 percent since the beginning of the year. Keywords: Salisbury Bancorp, Earnings Report.

  • Verizon strike possible as contract deadline looms Friday, 31 Jul 2015 | 5:56 PM ET

    WASHINGTON— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week the Communication Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • HARTFORD, Conn.— A long-simmering dispute over dumping dredged materials from rivers and harbors into Long Island Sound has flared up again with a new federal plan to govern disposal sites. Connecticut backs the disposal of materials in designated areas while New York state and environmental activists are calling for the reuse of sediments.

  • Virtus beats 2Q profit forecasts Friday, 31 Jul 2015 | 7:45 AM ET

    HARTFORD, Conn. _ Virtus Investment Partners Inc. on Friday reported second-quarter profit of $9.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • IMS Health beats Street 2Q forecasts Friday, 31 Jul 2015 | 7:15 AM ET

    DANBURY, Conn. _ IMS Health Holdings Inc. on Friday reported second-quarter net income of $47 million, after reporting a loss in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. IMS Health shares have risen 24 percent since the beginning of the year.

  • Kaman beats 2Q profit forecasts Thursday, 30 Jul 2015 | 6:45 PM ET

    BLOOMFIELD, Conn. _ Kaman Corp. on Thursday reported second-quarter net income of $21.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Kaman shares have fallen slightly since the beginning of the year.

  • Chefs' Warehouse meets 2Q profit forecasts Thursday, 30 Jul 2015 | 5:24 PM ET

    RIDGEFIELD, Conn. _ The Chefs' Warehouse Inc. on Thursday reported second-quarter net income of $3.4 million. Chefs' Warehouse expects full-year earnings in the range of 67 cents to 74 cents per share. Chefs' Warehouse shares have fallen 17 percent since the beginning of the year.

  • NEW YORK, July 30- U.S. Economic growth in the United States accelerated in the second quarter to a 2.3 percent annual rate, backed by solid consumer demand. That's really what the market price action is about, "said David Ader, fixed income strategist at CRT Capital in Stamford, Connecticut.

  • NEW YORK, July 30- Crude futures settled down on Thursday, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in U.S. stockpiles that was much steeper than expected. Global benchmark Brent neared a six-month trough earlier this week and U.S. futures neared four-month lows, pressured by a global glut, a resurgent dollar and China's...

  • NEW YORK, July 30- Crude futures erased early gains on Thursday after bullish sentiment from a drawdown in U.S. stockpiles was checked by a rally in the dollar. Oil has lost more than $10 a barrel over the past month, with global benchmark Brent nearing a six-month trough earlier this week and U.S. futures near four-month lows, amid a global glut, resurgent dollar and...

  • July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders, including InterContinental Hotels Group Plc and Wyndham Worldwide Corp, after deciding to explore a sale, according to people familiar with the matter. Starwood and Wyndham declined to comment. Starwood's advisors began enquiries with potential suitors for the Stamford,...

  • Prosecutors ask justices to review insider trading case Thursday, 30 Jul 2015 | 12:15 PM ET

    WASHINGTON— The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading. The justices should reverse the December ruling by the 2nd U.S. Circuit Court of Appeals in...

  • July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders including InterContinental Hotels Group Plc and Wyndham Worldwide Corp after it decided to explore a sale, according to people familiar with the matter. Intercontinental and Wyndham declined to comment. A tie-up between Intercontinental and Starwood could take the form of...

  • Oil has lost more than $10 a barrel over the past month, with global benchmark Brent nearing a six-month trough earlier this week and U.S. futures near four-month lows, amid a global glut, resurgent dollar and recent stock market tumble in China. Brent was up 50 cents, or 1 percent, at $53.88 a barrel by 10:27 a.m. EDT, extending its slight rise in the previous session.

  • STAMFORD, Conn.— Shares of World Wrestling Entertainment Inc. soared Thursday as the company said more people subscribed to its online video streaming service in the second quarter. WWE expects subscribers to WWE to rise to 1.2 million in the third quarter as it expands into new international markets, including Italy and Malaysia. The Stamford, Connecticut,...

  • TREASURIES-Prices mixed after upbeat U.S. growth data Thursday, 30 Jul 2015 | 10:04 AM ET

    NEW YORK, July 30- U.S. Economic growth in the United States accelerated in the second quarter to a 2.3 percent annual rate, backed by solid consumer demand. That's really what the market price action is about, "said David Ader, fixed income strategist at CRT Capital in Stamford, Connecticut.

  • Emcor Group beats 2Q profit forecasts Thursday, 30 Jul 2015 | 9:30 AM ET

    NORWALK, Conn. _ Emcor Group Inc. on Thursday reported second-quarter profit of $46.8 million. Emcor Group expects full-year earnings to be $2.65 to $2.85 per share. Emcor Group shares have risen almost 5 percent since the beginning of the year.

  • July 30- Starwood Hotels& Resorts Worldwide Inc, the owner of the Sheraton and Westin hotel chains, reported an 11 percent fall in quarterly profit, hurt by a charge and the strong dollar, and trimmed its 2015 profit forecast. In contrast, Marriott International Inc and Hilton Worldwide Holdings Inc, which get most of their revenue from the United States, have raised...

  • Pitney Bowes posts 2Q profit Thursday, 30 Jul 2015 | 7:57 AM ET

    STAMFORD, Conn. _ Pitney Bowes Inc. on Thursday reported second-quarter profit of $156.4 million. Pitney Bowes expects full-year earnings in the range of $1.75 to $1.90 per share. Pitney Bowes shares have decreased 15 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • STAMFORD, Conn.— Shares of hotel operators Starwood Hotels& Resorts and InterContinental Hotels Group rose in early trading Thursday on reports the companies were talking about a possible merger, but slumped when InterContinental Hotels said that wasn't true. InterContinental Hotels, the owner of the Holiday Inn chain, said it is not in talks with Starwood...