Top News & Analysis Connecticut

  • BRIDGEPORT, Conn. _ People's United Financial Inc. on Thursday reported fourth-quarter earnings of $75.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 24 cents per share. Three analysts surveyed by Zacks expected $343.6 million.

  • WATERBURY, Conn. _ Webster Financial Corp. on Thursday reported fourth-quarter earnings of $57.7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Webster Financial shares have fallen roughly 4 percent since the beginning of the year.

  • NEW YORK, Jan 18- The S&P 500 ended a choppy session slightly higher on Wednesday, helped by a rise in financials after Federal Reserve Chair Janet Yellen said it "makes sense" to gradually lift interest rates. The S&P financials index rose 0.8 percent, adding to gains late in the session following Yellen's remarks to the Commonwealth Club of California in San...

  • District Judge Nathaniel Gorton in Boston to pay a $200,000 fine and forfeit $242,500 after a jury in October found him guilty on conspiracy and securities fraud charges, prosecutors said. Prosecutors said that by late 2012, Kanodia, who lives in Brookline, Massachusetts, had learned details about a planned merger between India- based Apollo and Cooper Tire...

  • NEW YORK, Jan 18- The S&P 500 ended a choppy session slightly higher on Wednesday helped by a rise in financials after Federal Reserve Chair Janet Yellen said it "makes sense" to gradually lift interest rates. The S&P financials index rose 0.8 percent, adding to gains late in the session following Yellen's remarks to the Commonwealth Club of California in San...

  • PHILADELPHIA— Sarah Feinberg was on the job as the nation's chief railroad regulator for just three weeks when a packed commuter train slammed into an SUV stopped on tracks north of New York City, killing six people. Feinberg, whose tenure as the Federal Railroad Administrator ends with Donald Trump's inauguration as president on Friday, embraced her outsider...

  • GREENWICH, Conn. _ Interactive Brokers Group Inc. on Tuesday reported fourth-quarter earnings of $4 million. The Greenwich, Connecticut- based company said it had earnings of 7 cents per share. Interactive Brokers shares have increased 4 percent since the beginning of the year.

  • NEW HAVEN, Conn., Jan 17- Jury deliberations in the federal fraud case against a former Jefferies Group bond trader were put on hold unexpectedly on Tuesday, after an alternate juror died following a heart attack and another juror was injured in a car accident over the holiday weekend. Gasps filled the New Haven, Connecticut courtroom of Chief Judge Janet Hall as...

  • NEW YORK, Jan 13- Moody's Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia,...

  • NEW YORK— Moody's Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years leading up to the financial crisis. Moody's— along with the other two major rating agencies, Standard& Poor's and Fitch— were widely criticized for giving low-risk ratings to the risky mortgage...

  • NEW HAVEN, Conn., Jan 13- The fate of a former Jefferies Group bond trader being tried a second time for defrauding clients now lies with a federal jury, after prosecutors and the defense battled over whether he told his customers "lies" or merely employed sales "banter" they knew to shrug off. Attorney Jonathan Francis told jurors in New Haven, Connecticut in his...

  • NEW HAVEN, Conn., Jan 13- The fate of a former Jefferies Group bond trader being tried a second time for defrauding clients is heading to a jury, after prosecutors and the defense battled over whether he told his customers "lies" or merely employed sales "banter" they knew to shrug off. Attorney Jonathan Francis told a federal jury in New Haven, Connecticut in his closing...

  • NEW HAVEN, Conn., Jan 13- A former Jefferies Group bond trader being tried a second time on charges of defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued on Friday. Attorney Jonathan Francis told a federal jury in New Haven, Connecticut in his closing...

  • NEW HAVEN, Conn., Jan 13- A former Jefferies Group Inc bond trader being tried a second time for defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued on Friday. Attorney Jonathan Francis told a federal jury in New Haven, Connecticut in his closing argument as...

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • *Other key OPEC members begin cutting oil production. NEW YORK, Jan 12- Oil prices rose more than 1 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production to reduce a global crude glut, and on forecasts of record demand in China. "The market is in a consolidation pattern, and as we get more and more signs of them...

  • *Other key OPEC members begin cutting oil production. LONDON/ NEW YORK, Jan 12- Oil prices rose nearly 2 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production as promised in a deal to reduce a global glut and on forecasts of record demand in China. Brent crude oil hit a high of $56.43 a barrel before easing...

  • DANBURY, Conn. _ FuelCell Energy Inc. on Thursday reported a loss of $12.9 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share. Three analysts surveyed by Zacks expected $23.3 million.

  • President-elect Donald Trump continued holding meetings on Wednesday in New York as he prepared to take over the White House from Barack Obama on Jan. 20. *Investment banker, head of Ducera Partners, advising on Bayer-Monsanto merger. *New York- based media specialist involved with Bayer-Monsanto merger.

  • CHARLESTOWN, R.I.— Residents in a Rhode Island town are at odds with a plan to realign train tracks to eliminate speed-restricting curves on Amtrak's busy Northeast Corridor. One proposal would build a straighter segment for high-speed travel between Old Lyme, Connecticut, and southwest Rhode Island. The deadline for affected communities to respond to the...