×

Top News & Analysis Connecticut

  • NEW YORK, May 25- Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices over the last two years. Supplies have remained stubbornly high for months, disappointing traders who were...

  • NEW YORK, May 25- U.S. gasoline retailers stocked up on fuel sold in New York Harbor Thursday ahead of the Memorial Day holiday weekend, traders said, marking a bullish start for the critical summer driving season. A lack of product coming into New York harbor from Europe tightened inventories, said Andrew Lebow, senior partner at Commodity Research Group in Darien,...

  • NEW HAVEN, Conn.— Yale University has removed a shelter that was set up by graduate students protesting the school's decision not to negotiate with their new union. Yale University workers Thursday morning dismantled and hauled away the structure, which was erected last month by the protesters. Yale says the shelter was put up without permission and in...

  • Alabama: Grayson Hall, Regions Financial Corp., $8 million. Arizona: Richard C. Adkerson, Freeport-McMoRan Inc., $14 million. Arkansas: Doug McMillon, Wal-Mart Stores Inc., $22.4 million.

  • NEW YORK, May 24- U.S. stocks were volatile but still slightly higher on Wednesday after minutes of the Federal Reserve's latest meeting showed policymakers agreed they should hold off on raising rates until evidence a recent economic slowdown was transitory. Nearly all policymakers at the May 2-3 meeting also said they favored starting the winding down of...

  • Attorney Joon H. Kim said the defendants used "highly sensitive and confidential information" from the Centers for Medicare& Medicaid Services, part of the U.S. Department of Health and Human Services, to enable three hedge fund workers to make over $3.5 million illegally for their company from 2012 through 2014. The Securities and Exchange Commission said the...

  • HARTFORD, Conn.— The Connecticut Senate passed a bill early Wednesday allowing a new satellite casino to be built by two Native American tribes in East Windsor, but it's doubtful it will clear the House of Representatives. House Majority Leader Matt Ritter, D- Hartford, confirmed Wednesday that the bill that passed the Senate on a 24-12 vote cannot pass the House in...

  • Robert N. Bertrand, 62, of Norwalk, Connecticut, pleaded not guilty before he was released on $50,000 bail after being charged in Brooklyn federal court with failing to pay Medicare, Social Security and federal income taxes on behalf of the employees of Staten Island- based Soupman Inc.. The indictment says Soupman's unreported cash and stock compensation...

  • May 23- Target Corp on Tuesday agreed to pay $18.5 million to settle claims by 47 states and the District of Columbia and resolve a multi-state investigation into the retailer's massive data breach in late 2013.. The investigation led by the Attorneys General of Connecticut and Illinois found that cyber attackers had accessed Target's gateway server...

  • May 23- Retailer Target Corp reached an $18.5 million settlement with 47 states and the District of Columbia over a massive data breach in late 2013.. The investigation led by the Attorneys General of Connecticut and Illinois found that cyber attackers had accessed Target's gateway server through credentials stolen from a third-party vendor, NY Attorney...

  • May 23- Two proxy advisory firms threw their weight behind Land and Buildings Investment Management LLC on Tuesday, supporting the real estate-focused hedge fund in its effort to obtain two seats on the board of Taubman Centers Inc. Taubman, based in Bloomfield, Michigan, is a $3.7 billion U.S. mall operator that also has an Asia subsidiary. Proxy adviser...

  • NEW YORK, May 23- U.S. Treasury yields rose modestly on Tuesday as some investors and dealers made room for $26 billion of two-year notes, the first part of this week's $88 billion in coupon-bearing government bond supply. "We are just chopping around sideway," said Blake Gwinn, U.S. rates strategist with NatWest Markets in Stamford, Connecticut.

  • ISS recommended Taubman shareholders vote for hedge fund Land and Buildings Investment Management LLC's founder Jonathan Litt, and fellow dissident board candidate, Charles Elson, a University of Delaware finance professor and corporate governance expert. ISS also recommended shareholders vote for company nominee Buckley Marakovits, whose seat was...

  • GREENWICH, Conn. _ Eagle Point Credit Co. on Tuesday reported first-quarter net income of $782,000, after reporting a loss in the same period a year earlier. The Greenwich, Connecticut- based company said it had profit of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • At least six other states are considering similar laws, to ease the burden of student debt that has doubled since 2008 to over $1.3 trillion, according to the Federal Reserve Bank of New York. "There are many schools that are going to be losers in this game," said R.J. Gallo, a portfolio manager at Federated Investors in New York. Gallo, who owns debt issued by well-known...

  • STAMFORD, Conn. _ Independence Holding Co. on Monday reported fourth-quarter profit of $8.5 million. On a per-share basis, the Stamford, Connecticut- based company said it had net income of 49 cents. Independence Holding shares have decreased 11 percent since the beginning of the year.

  • HARTFORD, Conn.— A court on Monday overturned an order for a Connecticut financier to pay nearly $90,000 in attorney fees racked up by a British television host during a long-running and bitter international child custody dispute. Custody proceedings remain pending in England. His father, Pierre Rinfret, was an economic adviser to Presidents John F. Kennedy,...

  • GENEVA— Swiss specialty chemicals maker Clariant and Texas' Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly. If approved, Clariant shareholders would own 52 percent of the company and Huntsman shareholders would own 48 percent.

  • HARTFORD, Conn.— State employees could receive four years of job security if they agree to concessions such as a two-year hard wage freeze and higher insurance premiums and pension contributions that add up to an estimated $1.5 billion in savings over two years, according to summaries of a draft framework for a labor concession agreement being considered by...

  • COLUMBUS, Ohio— Want to know how much money governments give away in corporate tax breaks? The nonprofit Government Accounting Standards Board changed its guidelines beginning in 2016 to require reporting of economic development tax breaks. "Before you get to the question of whether they're getting their money's worth, you have to know how much is being spent,"...