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  • WASHINGTON, Jan 30- The U.S. economy likely grew at a brisk clip in the fourth quarter as lower gasoline prices buoyed consumer spending, in a show of resilience despite a darkening global outlook. "The consumer did the heavy lifting and I don't think there is any reason to expect that to change in the first half of this year because of the enormous tailwind from lower...

  • Jan 29- The former controller of Contrarian Capital Management LLC pleaded guilty on Thursday to one count of wire fraud stemming from his embezzlement of more than $9 million from the Connecticut hedge fund, federal prosecutors said. Lawrence Herzing, 45, of Greenwich, Connecticut, entered his plea before U.S. District Judge Jeffrey Alker Meyer in Bridgeport,...

  • DES MOINES, Iowa— Closing in on a decision about whether to again run for president, Mitt Romney is finding that several past major fundraisers and donors in key states have defected to former Florida Gov. The donors, in interviews with The Associated Press, said they see in Bush what they liked about Romney in 2012, namely what they believe it takes to serve...

  • Virtus beats 4Q profit forecasts Thursday, 29 Jan 2015 | 12:03 PM ET

    HARTFORD, Conn. _ Virtus Investment Partners Inc. on Thursday reported fourth-quarter profit of $18.9 million. On a per-share basis, the Hartford, Connecticut- based company said it had profit of $2.05. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

  • Hubbell beats Street 4Q forecasts Thursday, 29 Jan 2015 | 10:09 AM ET

    SHELTON, Conn. _ Hubbell Inc. on Thursday reported fourth-quarter net income of $81.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. Analysts expected $837.5 million, according to Zacks.

  • Mohegan Sun casinos report 1Q rise in revenue, profit Thursday, 29 Jan 2015 | 9:01 AM ET

    HARTFORD, Conn.— The Mohegan Sun casinos, threatened by increasing competition and battered by the worst recession in decades and consumers reluctant to spend money in a weak recovery, delivered some good news Thursday as it reported increases in first-quarter revenue and profit. Revenue rose at the Mohegan Tribal Gaming Authority, the parent company of the...

  • Harman shares jump following strong 2Q report Thursday, 29 Jan 2015 | 8:43 AM ET

    STAMFORD, Conn.— Harman International Industries Inc. shares soared Thursday after the electronics and audio equipment maker reported better-than-expected quarterly results and raised its profit forecast for the year. The company earned $116.2 million, or $1.65 per share in its fiscal second quarter. Analysts surveyed by Zacks Investment Research were...

  • Alexion beats Street 4Q forecasts Thursday, 29 Jan 2015 | 6:51 AM ET

    CHESHIRE, Conn. _ Alexion Pharmaceuticals Inc. on Thursday reported fourth-quarter net income of $153.3 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share. Analysts expected $590.8 million, according to Zacks.

  • Stanley Black & Decker beats Street 4Q forecasts Thursday, 29 Jan 2015 | 6:36 AM ET

    NEW BRITAIN, Conn. _ Stanley Black& Decker Inc. on Thursday reported fourth-quarter net income of $145.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share. Stanley Black& Decker expects full-year earnings to be $5.65 to $5.85 per share.

  • BRIDGEPORT, Connecticut— A Venezuelan-American hedge fund manager was sentenced Thursday to 13 years in prison for running a Connecticut fraud scheme involving hundreds of millions of dollars from Venezuela's state oil company. As an adviser to Venezuela, he devised a currency arbitrage market that, according to him, generated $60 billion for the...

  • NEW YORK, Jan 29- When Marty Weinstein decided to quit smoking, he took a friend's advice and tried electronic cigarettes rather than government-approved nicotine replacement products. E-cigarette makers in the United States are barred from explicitly marketing the products as smoking cessation devices, but have found ways to appeal legally to smokers who...

  • But by the time she applied to Yale, it was among the U.S. schools investing in more economic diversity among their growing ranks of international students. Guo, 19, is now a Yale sophomore, happily settled among the school's Gothic buildings. With more undergraduates coming from overseas than ever, Yale, Harvard and other schools— with help from the U.S. State...

  • First Connecticut posts 4Q profit Wednesday, 28 Jan 2015 | 6:43 PM ET

    FARMINGTON, Conn. _ First Connecticut Bancorp Inc. on Wednesday reported fourth-quarter profit of $3.1 million. The bank, based in Farmington, Connecticut, said it had earnings of 21 cents per share. The holding company for Farmington Bank posted revenue of $18.9 million in the period.

  • DETROIT, Jan 28- General Motors Co on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation program, rejecting pleas from two U.S. senators to extend the cutoff. Two senators, Richard Blumenthal of Connecticut and Edward Markey of Massachusetts, who have been most vocal in criticism of GM, on Wednesday...

  • NEW YORK— A Connecticut woman's claims that media outlets libeled her by refusing to delete stories about her arrest after charges were dismissed were rejected by a federal appeals court Wednesday. The ruling by the 2nd U.S. Circuit Court of Appeals in Manhattan pertained to the August 2010 arrest of Lorraine Martin. In an opinion written by Judge Richard...

  • WASHINGTON, Jan 28- U.S. lawmakers proposed a bill on Wednesday that would create a single food safety agency by bringing together the oversight functions of the Food and Drug Administration, U.S. Department of Agriculture and other agencies. Democratic Senator Richard Durbin from Illinois and Representative Rosa DeLauro, a Democrat from Connecticut, told...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because...

  • GLOBAL MARKETS-Dollar, U.S. stocks inch higher before Fed Wednesday, 28 Jan 2015 | 1:04 PM ET

    NEW YORK, Jan 28- The dollar edged up against the euro on Wednesday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while U.S. stocks climbed after strong earnings from Apple. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, the day after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water...

  • NEW YORK, Jan 28- The dollar edged up and world stock indexes edged lower on Wednesday as investor focus turned toward the Federal Reserve, which will deliver a post-meeting statement later in the day. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European shares, while shares of Apple, which...