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  • Dennis Hamilton, a former vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission brought a related civil action over the non-public information that...

  • NEW YORK, Feb 5- Ray Dalio, founder of Bridgewater Associates LP, the world's largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown. The Wall Street Journal declined to comment. Dalio is chairman and co-chief investment officer of Bridgewater, which has $154 billion in assets under...

  • Dennis Hamilton, a vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission filed a related civil lawsuit over the non-public information that the agency...

  • BEVERLY HILLS, Calif.— A Beverly Hills- based beauty school says it's closing all 56 of its campuses in five states after losing federal funding over allegations of misconduct. It shut facilities this week in California, Nevada, Utah, Kansas and Connecticut. School officials told the San Gabriel Valley Tribune that about 5,000 students and employees will receive...

  • NEW YORK, Feb 5- Two of the top executives at Bridgewater Associates LP, the world's largest hedge fund, want a dozen senior employees and stakeholders to vote on their character to help resolve an apparent dispute between them, the Wall Street Journal reported on Friday. Citing people familiar with the matter, it said Bridgewater founder Ray Dalio and his...

  • WASHINGTON, Feb 5- More than 500 mutual funds have stock holdings worth more than $1.5 billion in three gun manufacturers: Vista Outdoors, Sturm Ruger and Smith& Wesson. Find out if you are invested in guns and ammo with this list. Fund Vista Sturm Smith& Total Outdoors Ruger Wesson investment.

  • WASHINGTON, Feb 5- Barack Obama might seem an unlikely investor in the firearms industry. Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation's two largest gun manufacturers with publicly traded shares, Smith& Wesson Corp and Sturm, Ruger& Co. The White House declined to comment on Obama's...

  • In New England, where a regional casino war is afoot, Connecticut's Foxwoods is remaking one of its gambling floors— now christened "The Fox"— as a hip, fun scene in the sprawling 30- year-old casino complex. In Rhode Island, the more modest-sized Twin River Casino removed 274 slot machines to make way for more poker and other table games favored by younger gamblers...

  • Feb 4- State Street Corp is nearing a deal to acquire General Electric Co's $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston- based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc, for the business, and...

  • Power restored at University of Connecticut buildings Thursday, 4 Feb 2016 | 7:37 PM ET

    STORRS, Conn.— Power has been restored to several buildings at the University of Connecticut campus in Storrs after an outage darkened several buildings and caused some classes to be canceled. The Hartford Courant reports that power was restored to the campus around 9:30 p.m. Thursday, just over 4 hours after the outage began. UConn spokeswoman Stephanie...

  • NEW YORK— A federal appeals court agreed on Thursday to rehear the appeal of the insider-trading conviction of a former board member for Goldman Sachs and Proctor& Gamble. The 2nd U.S. Circuit Court of Appeals in Manhattan said in a one-page order that it will rehear the claims of Rajat Gupta. "We are pleased with the court's ruling and believe we have meritorious...

  • LAGOS, Nigeria— Nigeria's aviation regulatory agency is suspending operation of all Sikorsky model S-76C++ helicopters following two crashes in six months in the West African country, the director general said Thursday. Another Sikorsky nose-dived Aug. 10 into a lagoon in Lagos, the commercial capital, killing six of the 12 people on board including the...

  • Thursday's decision by the 2nd U.S. Circuit Court of Appeals is a victory for hospitals in urban areas including the acute care Lawrence+ Memorial Hospital of New London, Connecticut, which said the Department of Health and Human Services' "reclassification rule" forced it to overpay for drugs that patients needed. Writing for the appeals court, Judge Jed Rakoff...

  • The Hartford beats 4Q profit forecasts Thursday, 4 Feb 2016 | 4:45 PM ET

    HARTFORD, Conn. _ The Hartford Financial Services Group Inc. on Thursday reported fourth-quarter net income of $421 million. On a per-share basis, the Hartford, Connecticut- based company said it had net income of $1.01. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

  • Thursday's decision by the 2nd U.S. Circuit Court of Appeals is a victory for hospitals in urban areas including the acute care Lawrence+ Memorial Hospital of New London, Connecticut, which said the Department of Health and Human Services' "reclassification rule" forced it to overpay for drugs that patients needed. Writing for the appeals court, Judge Jed Rakoff...

  • HARTFORD, Conn.— State employees again find themselves in the sights of legislators and the governor as they grapple with a string of projected budget deficits and a changing economy. Dannel P. Malloy, who relied on support of unionized state workers to help him get re-elected, warned in his State of the State address on Wednesday that the state's workforce could...

  • Winter thaw triggers sap run in maple country Thursday, 4 Feb 2016 | 1:35 PM ET

    WEST TOPSHAM, Vt.— A winter thaw in the Northeast has triggered sap to flow in maple trees, launching an early start to the syrup season for some producers in parts of New England who have already decided to tap their trees. As for the price of the sweet stuff, which in Vermont goes for an average of about $49 a gallon, it's too early to tell how the four-to-six-week season...

  • NEW YORK, Feb 4- As the long rout on world energy markets intensified in volatile trade in recent months, exchange operators have reaped benefits. On Thursday, the Atlanta- based exchange reported forecast-busting earnings for the fourth quarter due to its data business. "More people are paying attention to those prices and trying to figure out when to lock in low...

  • Gartner beats 4Q profit forecasts Thursday, 4 Feb 2016 | 6:33 AM ET

    STAMFORD, Conn. _ Gartner Inc. on Thursday reported fourth-quarter profit of $65.8 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. Four analysts surveyed by Zacks expected $649.9 million.

  • Cigna beats Street 4Q forecasts Thursday, 4 Feb 2016 | 6:17 AM ET

    BLOOMFIELD, Conn. _ Cigna Corp. on Thursday reported fourth-quarter earnings of $426 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share. Cigna expects full-year earnings in the range of $8.85 to $9.25 per share.