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Top News & Analysis Connecticut

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  • STAMFORD, Conn.— Shares of hotel operators Starwood Hotels& Resorts and InterContinental Hotels Group rose in early trading Thursday on reports the companies were talking about a possible merger, but slumped when InterContinental Hotels said that wasn't true. InterContinental Hotels, the owner of the Holiday Inn chain, said it is not in talks with Starwood...

  • Gartner beats 2Q profit forecasts Thursday, 30 Jul 2015 | 6:48 AM ET

    STAMFORD, Conn. _ Gartner Inc. on Thursday reported second-quarter net income of $51.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Five analysts surveyed by Zacks expected $549.6 million.

  • Alexion tops Street 2Q forecasts Thursday, 30 Jul 2015 | 6:42 AM ET

    CHESHIRE, Conn. _ Alexion Pharmaceuticals Inc. on Thursday reported second-quarter net income of $170.2 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. Seven analysts surveyed by Zacks expected $631.3 million.

  • Cigna posts Street-topping earnings Thursday, 30 Jul 2015 | 6:30 AM ET

    Cigna's second-quarter earnings rose nearly 3 percent, beating estimates as the health insurer had predicted last week when it announced a plan to combine with bigger rival Anthem in a $48- billion deal. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share. Cigna Corp. had said Friday that adjusted...

  • Stanley Black & Decker tops Street 2Q forecasts Thursday, 30 Jul 2015 | 6:24 AM ET

    NEW BRITAIN, Conn. _ Stanley Black& Decker Inc. on Thursday reported second-quarter net income of $227.2 million. Stanley Black& Decker expects full-year earnings to be $5.65 to $5.85 per share. Stanley Black& Decker shares have increased 13 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 2 percent.

  • SS&C Technologies beats 2Q profit forecasts Wednesday, 29 Jul 2015 | 7:45 PM ET

    WINDSOR, Conn. _ SS&C Technologies Holdings Inc. on Wednesday reported second-quarter net income of $39.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. SS&C Technologies shares have risen 13 percent since the beginning of the year.

  • Rogers Corp. posts 2Q profit Wednesday, 29 Jul 2015 | 5:24 PM ET

    ROGERS, Conn. _ Rogers Corp. on Wednesday reported second-quarter profit of $13.5 million. For the current quarter ending in September, Rogers Corp. expects its per-share earnings to range from 67 cents to 77 cents. Rogers Corp. shares have decreased 36 percent since the beginning of the year.

  • Earlier this week, U.S. crude prices hit four-month lows and Brent, the more important global benchmark, neared a six-month trough as a global oil glut, resurgent dollar and stock market tumble in top energy consumer China took a toll. "I see a rebound of about five bucks off the recent lows in the most likely scenario," said Chris Jarvis at Caprock Risk Management, an...

  • Eastern posts 2Q profit Wednesday, 29 Jul 2015 | 3:36 PM ET

    NAUGATUCK, Conn. _ Eastern Co. on Wednesday reported second-quarter net income of $585,000. On a per-share basis, the Naugatuck, Connecticut- based company said it had net income of 9 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, July 29- U.S. crude oil inventories declined far more than expected last week, while gasoline stocks decreased amid robust demand for the motor fuel, data from the Energy Information Administration showed on Wednesday. U.S. crude was up $1.02 at $49 a barrel at 11:13 a.m. EDT, well above its session low of $47.39. Brent crude was up 58 cents at $53.88, having...

  • Cost-cutting, gambling rise boost Mohegan Sun 3Q profit Wednesday, 29 Jul 2015 | 11:16 AM ET

    UNCASVILLE, Conn.— A spike in slot machine and table game use and cost-cutting helped significantly boost third-quarter profit at the Mohegan Sun casinos in Connecticut and Pennsylvania, the parent company reported Wednesday. Slot machine revenue of $142.2 million at the Mohegan Sun in Connecticut was up about 3 percent from the third quarter of 2014. Table...

  • Reality TV show unveils life as a trainer of animal actors Wednesday, 29 Jul 2015 | 10:46 AM ET

    LOS ANGELES— For years, Bill Berloni has taught his dogs to play make believe. The trainer teaches rescue dogs to beg, bark and bow or sit, stand and shake for movies, TV and the Broadway stage. Berloni's stable of stars— all found from shelters— have appeared in Broadway shows, touring companies, special events, the New York City Ballet, movies, television and commercials.

  • Praxair meets 2Q profit forecasts Wednesday, 29 Jul 2015 | 6:33 AM ET

    DANBURY, Conn. _ Praxair Inc. on Wednesday reported second-quarter profit of $308 million. Eight analysts surveyed by Zacks expected $2.86 billion. For the current quarter ending in September, Praxair expects its per-share earnings to range from $1.42 to $1.49.

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • Sturm Ruger posts 2Q profit Tuesday, 28 Jul 2015 | 7:21 PM ET

    SOUTHPORT, Conn. _ Sturm Ruger& Co. on Tuesday reported second-quarter earnings of $17.6 million. Sturm Ruger shares have increased 69 percent since the beginning of the year. Keywords: Sturm Ruger, Earnings Report.

  • Ethan Allen meets 4Q profit forecasts Tuesday, 28 Jul 2015 | 5:09 PM ET

    DANBURY, Conn. _ Ethan Allen Interiors Inc. on Tuesday reported fiscal fourth-quarter net income of $12.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share. Four analysts surveyed by Zacks expected $193.7 million.

  • The Education Department confirmed Tuesday that it would conduct a limited pilot program to give prisoners access to the Pell grants. The official announcement was scheduled for Friday, when Education Secretary Arne Duncan and Attorney General Loretta Lynch visit the Maryland Correctional Institution in Jessup, Maryland. The prison has a partnership...

  • TRENTON, N.J.— New Jersey plans to put body cameras on all state troopers who work in the field and is issuing guidelines on how local police forces statewide should use the devices. Acting Attorney General John Hoffman, who outlined the plans Tuesday, also announced $2.5 million in state funding to help local police departments buy body cameras.

  • UNCASVILLE, Conn.— One high roller requests a refrigerator full of bananas that he squeezes and throws as he gambles. Other high-stakes players described by a pit manager at Mohegan Sun, one of the world's largest casinos, throw chairs, scream at dealers and expect rules to be bent at the tables. Transcripts of the hearing were obtained by The Associated Press.

  • Crane meets 2Q profit forecasts Monday, 27 Jul 2015 | 5:51 PM ET

    STAMFORD, Conn. _ Crane Co. on Monday reported second-quarter profit of $55.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.06 per share. Four analysts surveyed by Zacks expected $703.4 million.