Top News & Analysis Connecticut

  • NEW YORK— American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday. To do so, it said, likely would increase the market shares of Visa and MasterCard at the expense of American Express, whose card members tend...

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual' stress test,' Fed Governor Daniel Tarullo said on Monday. The reforms will include a new capital' buffer' to better protect the financial system from a shock at the nation's largest...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • ATLANTA— The Centers for Disease Control says a multistate outbreak of E.coli has sickened seven people, sending five to the hospital. They're from Massachusetts, Connecticut, Pennsylvania and West Virginia. The CDC says five people who were interviewed said they'd eaten ground beef in the week before getting sick and that tests conducted in Connecticut on...

  • FARMINGTON, Conn.— Connecticut hasn't become the Silicon Valley of bioscience quite yet, but five years after lawmakers made a massive investment to support the development of that industry, there is a thriving hub in Farmington. The labs are being leased to the companies as part of the university's Technology Incubation Program, which is designed to help...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • NEW YORK— After a yearlong renovation, an iron-hulled sailing ship built in 1885 is returning to New York City's seaport district as the centerpiece of a museum that is making a comeback after having the wind knocked out of its sails after Superstorm Sandy. The Wavertree, one of the last large sailing ships made of wrought-iron and the largest still afloat, is...

  • Palm trees stand in front of the Marina Del Rey Marriott hotel in Marina Del Rey, California, U.S., on Monday, March 21, 2016.

    In total, 30 brands will fall under the Marriott umbrella to create the world's largest hotel chain with more than 1.1 million rooms.

  • Marriott International closed Friday morning on its $13 billion acquisition of Starwood Hotels& Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz Carlton brands with Starwood's Sheraton, Westin, W and St. Marriott now eclipses Hilton Worldwide's 773,000 rooms and the 766,000 that are part of the Intercontinental Hotels Group family,...

  • WASHINGTON, Sept 22- Tesla Motors Inc Thursday sued Michigan Governor Rick Snyder and other state officials in federal court over the state's refusal to allow the Palo Alto, California automaker to sell vehicles directly to consumers. The suit at U.S. District Court in Michigan comes days after the state rejected the electric vehicle manufacturer's...

  • Rick Snyder and other top state officials Thursday, challenging a Michigan law that ensures automakers can only sell through independent, franchised dealerships and not directly to customers. "As a result of this law, Michigan consumers are forced to accept reduced access to the products they want, less competition and higher prices.... Tesla will continue to...

  • MASHANTUCKET, Conn.— Connecticut authorities have identified the man who was shot by a tribal police officer and fell from the fourth floor of a parking garage at the Foxwoods Resort Casino. State police identified the man Wednesday as 23- year-old Michael Goodale, of Groton. The shooting happened at around 11:30 a.m. Tuesday in the Fox Tower parking garage at...

  • NEW YORK— A day after cable giant Comcast said it planned to start selling cellphone service, rival Charter says it wants to have a wireless business too. That could mean more competition in the cellphone business, where Verizon and AT&T dominate. Comcast said Tuesday that it would launch a wireless service by the middle of 2017 that runs on its own Wi-Fi as well as...

  • Dannel P. Malloy said Wednesday he expects lawmakers will approve a future $220 million agreement committing Sikorsky Aircraft to keeping its headquarters in the state and building a new version of nearly 200 helicopters in it. Under the proposed agreement, Malloy said the state will provide Sikorsky with $220 million in grants and tax exemptions over 14...

  • NEWARK, N.J.— A Connecticut man has admitted to using a Panamanian bank account to conceal more than $1.5 million in profits from the sale of duty-free alcohol and tobacco products. Attorney Paul J. Fishman says Saul Hyatt pleaded guilty Wednesday in federal court in Newark to conspiring to conceal assets and income from the IRS. He shipped the alcohol through a...

  • GROTON, Conn.— The outgoing commander of an undersea warfighting center in Connecticut says he has been working to make sure technology being developed for the U.S. Navy's submarine fleet is useful when it gets into sailors' hands. Jeffrey Trussler, who has led Undersea Warfighting Development Center in Groton since its creation a year ago, is turning over...

  • Dannel P. Malloy and Maryland- based Lockheed Martin. The deal calls for Sikorsky to build nearly 200 CH-53K King Stallion helicopters in Connecticut for the U.S. Navy until at least 2032. Lockheed Martin purchased the Stratford- based helicopter maker from United Technologies in November.