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Top News & Analysis Connecticut

  • WATERBURY, Conn. _ Webster Financial Corp. on Friday reported first-quarter profit of $59.5 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Webster Financial shares have declined roughly 9 percent since the beginning of the year.

  • NEW BRITAIN, Conn. _ Stanley Black& Decker Inc. on Friday reported first-quarter profit of $393.1 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share. Seven analysts surveyed by Zacks expected $2.75 billion.

  • WASHINGTON, April 20- President Donald Trump moved on Thursday against China and other exporters of cheap steel into the U.S. market, launching a federal investigation to determine whether foreign-made steel threatens U.S. steelmakers and national security. China is the largest national producer and makes far more steel than it consumes.

  • Subway, owned by Doctor's Associates Inc, is the world's largest fast-food chain by number of restaurants. Subway said its U.S. sales fell 1.7 percent to $11.3 billion last year, while international sales climbed 3.7 percent to $5.8 billion, reflecting a focus on overseas growth. Subway on Wednesday named former McDonald's Corp executive Karlin Linhardt...

  • WASHINGTON, April 20- New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17- year low suggested the labor market continues to tighten. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15,...

  • BRIDGEPORT, Conn. _ People's United Financial Inc. on Thursday reported first-quarter profit of $70.8 million. The Bridgeport, Connecticut- based company said it had net income of 22 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share.

  • CHICAGO, April 20- Can you count on your Social Security benefits when retirement rolls around? Most Americans worry about this- partly due to the nonsense they hear from political opponents of Social Security and ill-informed media. You will hear that the program is bankrupt, its reserves are nothing but a bunch of IOUs, or that Social Security is a Ponzi scheme.

  • STAMFORD, Conn. _ Hexcel Corp. on Wednesday reported first-quarter earnings of $64.6 million. Hexcel expects full-year earnings in the range of $2.64 to $2.76 per share, with revenue in the range of $2 billion to $2.08 billion. Hexcel shares have climbed nearly 3 percent since the beginning of the year.

  • STAMFORD, Conn. _ United Rentals Inc. on Wednesday reported first-quarter profit of $109 million. United Rentals expects full-year revenue in the range of $6.05 billion to $6.25 billion. United Rentals shares have risen 13 percent since the beginning of the year.

  • *OPEC output cuts offset by U.S. shale producers. The surprise gasoline build, along with an increase in U.S. production and imports from OPEC nations, pressured prices. Weekly imports from OPEC nations rose by 900,000 barrels, the EIA said.

  • BOSTON, April 19- Pfizer Inc has received grand jury subpoenas from the U.S. Justice Department in connection with an antitrust investigation focusing on drugmakers that market intravenous saline solutions. The U.S. Food and Drug Administration in January 2014 added the solutions to its drug shortage list, at the time saying the shortage was triggered by...

  • *U.S. to review lifting of sanctions against Iran. NEW YORK, April 19- Oil slid more than 1 percent on Wednesday, after U.S. data showed a counter-seasonal build in gasoline inventories and a smaller-than-expected decline in overall crude stocks coupled with another rise in domestic crude production. Brent crude futures fell 85 cents, or 1.6 percent, to $54.04 a...

  • With women now serving aboard submarines, defense contractor Electric Boat is designing what will be the first Navy subs built specifically to accommodate female crew members. But they are also making more subtle modifications that may not have been in everyone's periscope when the Navy admitted women into the Silent Service. The first vessel built with...

  • GLASTONBURY, Conn. _ United Financial Bancorp Inc. on Tuesday reported first-quarter profit of $13.7 million. The Glastonbury, Connecticut- based bank said it had earnings of 27 cents per share. The holding company for United Bank posted revenue of $63.7 million in the period.

  • FARMINGTON, Conn. _ First Connecticut Bancorp Inc. on Tuesday reported first-quarter earnings of $5.1 million. The holding company for Farmington Bank posted revenue of $26.4 million in the period. Keywords: First Connecticut Bancorp, Earnings Report.

  • GREENWICH, Conn. _ Interactive Brokers Group Inc. on Tuesday reported first-quarter earnings of $24 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Interactive Brokers shares have dropped nearly 5 percent since the beginning of the year.

  • "Any major occurrence in the industry is going to impact us all," said Richard Hunt, president of the Consumer Bankers Association, the trade and lobbying group that organized the recent CBA Live gathering. The board also reclaimed another $75 million in pay from former CEO John Stumpf and former community bank executive Carrie Tolstedt, saying they dragged...

  • April 17- IRobot, the maker of the popular Roomba robotic vacuum, brought a string of lawsuits on Monday accusing rivals including The Hoover Co and Black& Decker Corp of using its patented technology without permission. Bedford, Massachusetts- based iRobot filed lawsuits in federal court in Boston against Hoover, Black& Decker, Bobsweep Inc and Bissell Homecare...

  • U.S. residents paid Uncle Sam an average of $8,943 per person in federal income, payroll and estate taxes in 2016.. A look at how the District of Columbia and the states rank in per capita federal taxes:. 1. District of Columbia: $36.569.

  • Washington, that swampy den of iniquity that politicians love to scorn, sends the most tax dollars per person to the U.S. government. Washington is an outlier because, despite years of lobbying, it is not a state. West Virginia, Mississippi and New Mexico have low median household incomes, which helps explain why they their residents pay far less in federal taxes.