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Top News & Analysis Connecticut

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  • *Stocks little changed globally; China up, Europe off. NEW YORK, Aug 4- Apple weighed heavily on all major U.S. stock indexes on Tuesday as it fell for the fifth straight day, while oil steadied a day after a broad measure of commodity prices hit a 12- year low. U.S. crude rose and copper edged up but the outlook for commodities continued to be clouded by concerns over a...

  • HARTFORD, Conn.— Rapper 50 Cent owns seven cars valued at more than $500,000 and pays $72,000 a month to maintain his Connecticut mansion, according to bankruptcy court filings. It's listed in papers filed Monday in a Connecticut court at nearly $8.3 million. The filings show losses of more than $10 million in 2013 and 2014, with expenses outstripping income and...

  • *Disappointing U.S. data raise doubts on rate hike in Sept. NEW YORK, Aug 4- The dollar was little changed against a basket of currencies on Tuesday following a batch of disappointing economic data, while currencies tied to commodities rebounded on a stabilization in oil and metal prices that had fallen sharply in recent weeks. "It's been a quiet day with most major...

  • Aug 4- Harman International Industries Inc, the maker of JBL and Harman Kardon audio systems, reported quarterly revenue and profit that beat market expectations, helped by strong sales to automakers as well as to audio professionals and consumers. The professional unit, which makes loudspeakers, headphones and mixing consoles, competes with Japan's Yamaha...

  • STAMFORD, Conn. _ Harman International Industries Inc. on Tuesday reported fiscal fourth-quarter profit of $73.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. Six analysts surveyed by Zacks expected $1.56 billion.

  • GREENWICH, Conn. _ Starwood Property Trust Inc. on Tuesday reported second-quarter earnings of $117.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 53 cents per share. Starwood Property Trust shares have declined slightly more than 6 percent since the beginning of the year.

  • Aetna's second-quarter earnings jumped 33 percent and the health insurer raised its 2015 forecast again after receiving a boost from a government business it plans to feed with a $35 billion acquisition. Aetna said Thursday that higher underwriting margins or improved profitability helped balance a jump in operating costs. For the second quarter, Aetna...

  • HARTFORD, CONN.— Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. But he's paying $72,000 a month to maintain his suburban Hartford mansion. He filed for bankruptcy last month after New York City jurors ordered him to pay $7 million to a woman who said he posted online a crudely...

  • And even if Boston could challenge the license award, the commission said, the city lacks standing because the casino project is outside city limits in Everett. Boston Mayor Marty Walsh's administration, which didn't immediately comment Monday, has argued that Boston should be considered a host city like Everett because the main entry into the casino...

  • NEW YORK, Aug 3- U.S. benchmark and long-dated Treasury yields hit their lowest levels in over two months on Monday on weak U.S. economic data and a muted inflation outlook, while declines in short-dated yields were limited ahead of a key U.S. jobs report. Continued concerns over China and Greece's economies also spurred some safe-haven bids for U.S.

  • HARTFORD, Conn.— The families of more than a dozen victims of the Newtown school shooting rampage would split $1.5 million under proposed settlements of lawsuits against the estate of the gunman's mother. Her troubled son, 20- year-old Adam, used the rifle to kill 20 first-graders and six educators at Sandy Hook Elementary School in December 2012, after he shot...

  • HARTFORD, Conn.— Construction of a second track for the expanded rail line from New Haven to Springfield, Massachusetts, began Monday, and commuters will be bused along the route for the next year. The project will boost north-south rail transportation from six daily round-trip trains to 17 a day south of Hartford and 12 north of Hartford. It's also part of a broader...

  • GROTON, Conn.— As it tries to get the most out of each of its $2.6 billion attack submarines, the U.S. Navy is finding a lot depends on the right paint job. Mike Stevens, a manager for the Virginia-class submarine program at Naval Sea Systems Command. The changes were developed by private and government shipyards in response to a request from the Navy, which wants to...

  • SYRACUSE, N.Y.— The number of Dinosaur Bar-B-Que restaurants in operation will hit double figures when the Syracuse- based company opens its 10th eatery later this year. Company founder John Stage told The Post-Standard of Syracuse that he's still in talks with officials in Indianapolis about putting a Dinosaur restaurant at a downtown location.

  • STAMFORD, Conn.— Shares of Frontier Communications Corp. soared Monday after the TV and Internet provider posted strong second-quarter financial results as it added more Internet subscribers. On a per-share basis, the Stamford, Connecticut- based company said it had a loss of 3 cents. The average estimate of six analysts surveyed by Zacks Investment Research...

  • Genesee & Wyoming beats 2Q profit forecasts Monday, 3 Aug 2015 | 6:09 AM ET

    DARIEN, Conn. _ Genesee& Wyoming Inc. on Monday reported second-quarter earnings of $52.8 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share. Genesee& Wyoming shares have declined 21 percent since the beginning of the year.

  • CONCORD, N.H.— Plenty of raw electricity sloshes around in Quebec's rivers and reservoirs, promising relief for U.S. northeasterners, who pay the nation's highest power costs. But getting those electrons to smartphones and air conditioners in Boston, Hartford and New York City is another matter entirely. The six New England governors say reining in the costs is a...

  • Verizon strike possible as contract deadline looms Saturday, 1 Aug 2015 | 9:36 AM ET

    NEW YORK— 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 Communications 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.

  • 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.