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Top News & Analysis Connecticut

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  • PROVIDENCE, R.I.— Scientists are using submersibles to explore a German U-boat sunk 7 miles off the Rhode Island coast the day before Nazi Germany surrendered in World War II, and they're streaming the attempts online as they work to learn more about shipwrecks and how they affect the environment. The submarine, U-853, was sunk in the Battle of Point Judith by Coast...

  • NEW YORK, Sept 4- Global equity markets tumbled and the dollar traded mixed on Friday after a U.S. jobs report for August kindled uncertainty over whether the Federal Reserve will raise interest rates in two weeks. The headline number of a less-than-expected increase of 173,000 in non-farm payrolls was offset by the generally strong Labor Department report.

  • NEW YORK, Sept 3- Puerto Rico is getting attention from 2016 presidential hopefuls, who are making early stops in the U.S. territory, likely in part because of the fast-growing number of Puerto Ricans living in the key battleground state of Florida. Then comes Florida with 987,663; New Jersey with 478,439; Pennsylvania with 418,792, Massachusetts with 283,568;...

  • *Brent up 18 cents after wild ride; U.S. crude rises 50 cents. NEW YORK, Sept 3- Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil. "Early strength and a late fade," Donald Morton, an oil trader with Fairfield, Connecticut-...

  • Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. "Early strength and now a late fade," Donald Morton, an oil trader with Fairfield, Connecticut- based Herbert J. Sims& Co.,...

  • Gun maker Colt says near deal to exit bankruptcy Thursday, 3 Sep 2015 | 1:27 PM ET

    WILMINGTON, Del, Sept 2- Gun maker Colt Defense and its creditors are close to a deal on a plan to bring the company out of bankruptcy, but if it fails, the business will go on the auction block next month, a company lawyer told a judge on Thursday. "It's fair to say the parties are very close to a deal," Colt lawyer John Rapisardi told the U.S. Bankruptcy Court in Wilmington,...

  • 4 men accused of stealing nearly 1,200 student laptops Thursday, 3 Sep 2015 | 12:27 PM ET

    WHITE PLAINS, N.Y.— A pair of brothers and two other men have been charged with stealing nearly 1,200 laptops bound for public school students in New Jersey after investigators determined their story about a theft didn't add up. Anton Saljanin, 43, and Gjon Saljanin, 40, were due to appear in court Thursday with Ujka Vulaj, 54, and Carlos Caceres, 37, on charges...

  • Production of renowned Ovation guitars to resume in US Thursday, 3 Sep 2015 | 12:21 PM ET

    Four workers remained on the payroll after the New Hartford plant closed, and one of them, Darren Wallace, spent hundreds of hours of his own time setting up what equipment was left so it would be ready if production ever began again. After Ovation was sold in December, the new owner planned to move the remaining operations to California but decided to keep them in...

  • NEW YORK, Sept 3- U.S. Thursday after a dovish outlook from the European Central Bank. The European Central Bank cut its inflation and growth forecasts for the euro zone and its president, Mario Draghi, said things could get worse.

  • NEW YORK, Sept 2- U.S. safe-haven Treasuries prices slipped on Wednesday on greater risk appetite, with long-dated prices falling the most on continued speculation of foreign central bank selling. "We're down a little bit because stocks have shown some resiliency in the face of weaker data," said John Briggs, U.S. rates strategist at RBS in Stamford, Connecticut.

  • FOREX-Dollar pivots to gains as equities steady Wednesday, 2 Sep 2015 | 10:52 AM ET

    NEW YORK, Sept 2- The dollar rose on Wednesday as fragile global stock markets steadied and U.S. hiring data encouraged speculation that Federal Reserve policymakers will raise interest rates later this month. Stock market gains, including a rise of about 1 percent in early Wall Street trading, slowed a rush to unwind carry trades that have boosted the...

  • Waterbury commuters to hear details on state rail plans Wednesday, 2 Sep 2015 | 3:06 AM ET

    HARTFORD, Conn.— Commuter rail advocates are optimistic about the state's plans to upgrade service on the fast-growing Waterbury branch line on Metro-North Railroad. Dannel P. Malloy's 30- year, $100 billion transportation overhaul includes plans to spend $350 million to improve rail service between Bridgeport and Waterbury. And in December, $7 million in...

  • *China manufacturing contracts at fastest in 3 years- PMI. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum. And an OPEC magazine commentary that some traders interpreted on Monday as signaling a possible subtle policy shift was nothing of the sort, OPEC insiders said.

  • *China manufacturing contracts at fastest in 3 years- PMI. NEW YORK, Sept 1- Oil prices tumbled 8 percent on Tuesday in volatile trading that sent Brent futures back below $50 a barrel as weak Chinese data revived concerns about demand for petroleum after crude's three-day rally of more than 20 percent. "It was primarily the China fear factor," Carsten Fritsch at...

  • *China manufacturing contracts at fastest in 3 years- PMIs. NEW YORK, Sept 1- Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil...

  • BOSTON— The newest classroom at Harvard's business school has no desks or chairs. Here, Harvard sought to create a live, online replica of its campus classrooms. At a recent test of the technology, alumni connected to the room from Thailand, New Zealand and the Philippines.

  • NEW YORK— The Carlyle Group will pay $98 million to buy candle seller Blyth, the private equity firm said Monday. Shares of The Carlyle Group LP, based in Washington, D.C., fell 25 cents to $21.65 in midday trading Monday. Shares of Blyth Inc. soared $3.03 to $5.95.

  • GLOBAL MARKETS-Wild week for markets ends quietly Friday, 28 Aug 2015 | 4:44 PM ET

    *China central bank injects liquidity into market. NEW YORK, Aug 28- A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crude jumped more than 6 percent as a rally in...

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...