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Top News & Analysis Connecticut

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  • JEFFERSON CITY, Mo.— While Congress remains stalled on a long-term plan for funding highways, state lawmakers and governors aren't waiting around. And legislators are returning to work this week in California and Michigan with transportation funding on the agenda. "I don't know of a state that's not having the conversation" about raising revenue for...

  • NEW YORK, Aug 17- The dollar advanced on Monday, rising against a basket of currencies for the third straight session, as traders focused on potential U.S. interest rate hikes and shook off worries about a China- led "currency war." "Since China circled the wagons around its currency and restored some stability to its own markets, the market has defaulted to the Fed...

  • *North Dakota crude production rises in June. "Producers don't seem to want to blink," said Gene McGillian, senior analyst at Tradition Energy in Stamford, Connecticut, commenting on the North Dakota data. September crude was up 21 cents at $42.44 a barrel at 11:55 a.m. EDT, after reaching $42.96 and having fallen to $41.35, the lowest front-month price since March...

  • FDA approves OxyContin for children 11 and older Friday, 14 Aug 2015 | 7:51 AM ET

    The agency approved the powerful painkiller OxyContin for a new use in children 11 to 16 who are suffering from severe, long-term pain.

  • Aug 13- Uber Technologies Inc on Thursday won the dismissal of a racketeering lawsuit by 15 Connecticut taxi and limousine companies seeking to stop the ride-sharing company from doing business in the state. He said this was because it was only recently that Connecticut's legislature even asked the state's Department of Transportation to consider whether...

  • Aug 13- Uber Technologies Inc on Thursday won the dismissal of a racketeering lawsuit by 15 Connecticut taxi and limousine companies seeking to stop the ride-sharing company from doing business in the state. District Judge Alvin Thompson in Hartford, Connecticut said the plaintiffs failed to show that Uber competed unfairly, tried to lure away their drivers,...

  • *Cisco up after strong results, boosts S&P, Nasdaq. Aug 13- U.S. stocks finished flat on Thursday as a drop in energy shares offset a rebound in retail sales and stronger-than-expected Cisco results. Obviously, that's created a lot of uncertainty and people are not sure how this is going to play out, "said Michael O'Rourke, chief market strategist at JonesTrading in...

  • *All-stock merger, Terex shareholders to get 60 pct. HELSINKI, Aug 11- U.S. cranes and mining equipment maker Terex and Finnish rival Konecranes have agreed an all-share merger, hoping a combined $10 billion in annual revenues will help them better cope with cooling Chinese and weak European demand. Terex shareholders will own 60 percent of the enlarged company,...

  • Treasuries prices fell on Monday, weighed down by equities rallies on Wall Street and elsewhere as investors bet on possible new policy stimulus to battle China's stock slump and readied for sales of new U.S. government debt. Coming off a seven-session losing streak, U.S. stock prices rose more than 1 percent on news of a $37.2 billion acquisition by Berkshire...

  • Treasuries prices fell on Monday, weighed down by equities rallies on Wall Street and elsewhere as investors eyed possible new policy stimulus to battle China's stock slump and readied for sales of new U.S. government debt. Coming off a seven-session losing streak, U.S. stock prices were up 1 percent on news of a $37.2 billion acquisition by Berkshire Hathaway...

  • *Nvidia hits four-month high after revenue beats estimates. Wall Street took the latest signs of an improving economy as a fresh reason to sell shares in a market that has remained range-bound for much of 2015 in anticipation of the Fed's first rate hike in nearly 10 years. U.S. overnight indexed swap rates rose after the jobs data, suggesting traders were pricing...

  • *Nvidia hits 4- month high after revenue beats estimates. U.S. overnight indexed swap rates rose after the latest jobs data, suggesting traders were pricing a 52 percent chance that rates would be raised in September rather than December, up from 47 percent prior to the data, according to John Briggs, head of cross-asset strategy at RBS Securities Inc in Stamford,...

  • *Nvidia touches four-month high after revenue beats estimates. Wall Street took a dim view of the report as a stop to easy money will increase borrowing costs for companies. U.S. overnight indexed swap rates rose after the latest jobs data, suggesting traders were pricing a 52 percent chance that rates would be raised in September, up from 47 percent prior to the...

  • *Average hourly earnings rise 5 cents; work week up. WASHINGTON, Aug 7- U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction...

  • *Groupon falls after results miss expectations. *Nvidia up after revenue beats estimates. "It's enough to keep the Fed on track to raise raises in September, but it's not enough to end the debate," said John Briggs, head of cross asset strategy at RBS Securities in Stamford, Connecticut.

  • Aug 6- Credit card lender Capital One Financial Corp is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter. The potential deal could bulk up Capital One's existing healthcare lending operations and bring GE one step closer to achieving its target of...

  • Aug 6- Renowned oil trader Andy Hall suffered his second-biggest monthly loss ever in July in a "brutal month" that left his hedge fund about $500 million poorer, telling investors he failed to anticipate a sudden market shift that roiled crude. Hall's Astenbeck Capital Management in Southport, Connecticut, was the latest commodity fund to be hit by plummeting...

  • NEW YORK, Aug 6- The dollar retreated against major currencies in choppy trading on Thursday in a week that has seen the greenback on a generally firmer trend, as investors balanced their positions ahead of Friday's crucial U.S. nonfarm payrolls report. "We've had a mixed bag of U.S. data this week, but it has been generally positive, positive enough to keep the...

  • Aug 6- Renowned oil trader Andy Hall suffered his second-biggest monthly loss ever in July in a "brutal month" that left his hedge fund about $500 million poorer, telling investors he failed to anticipate a sudden market shift that roiled crude. Hall's Astenbeck Capital Management in Southport, Connecticut, was the latest commodity fund to be hit by plummeting...

  • Aug 6- Oil trader Andy Hall's hedge fund lost about 17 percent in July after failing to anticipate sliding crude prices as U.S. inventories piled up, a letter to its investors showed on Thursday. The monthly loss was the second largest in the history of his Connecticut- based Astenbeck Capital Management firm, performance data accompanying the letter showed.