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  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • United Technologies CEO retires, succeeded by CFO Monday, 24 Nov 2014 | 7:22 AM ET

    HARTFORD, Conn.— Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him. He steered United Technologies' $18.4 billion purchase of aerospace parts maker Goodrich Corp. in 2012. It was the industry's largest deal and boosted the...

  • Manufacturer seeks state OK to sell new vehicle Monday, 24 Nov 2014 | 6:39 AM ET

    WETHERSFIELD, Conn.— The maker of a new vehicle called the Slingshot is meeting with state motor vehicles officials to discuss whether they may sell the three-wheeler in Connecticut. A meeting set for Monday at the state Department of Motor Vehicles will include Connecticut retailers who say customers have put down deposits for the vehicle.

  • Move over Brooklyn hipsters—Queens is on the radar Saturday, 22 Nov 2014 | 4:02 PM ET
    Long Island City, Queens, as seen from New York Harbor

    Long the Toyota Corolla of NYC real estate, affordable and unassuming Queens is finally getting some respect, The New York Times reports.

  • Aetna increases dividend to 25 cents per share Friday, 21 Nov 2014 | 3:05 PM ET

    HARTFORD, Conn.— Aetna Inc. said Friday that it is increasing its quarterly dividend by 11 percent and plans to repurchase up to $1 billion of its shares. Aetna also said that its board authorized the company to repurchase up $1 billion additional shares, which is on top of its existing $464 million repurchase authority. Shares of the Hartford, Connecticut- based...

  • Desaulniers named AP's New England media director Friday, 21 Nov 2014 | 1:01 PM ET

    BOSTON— Dwayne Desaulniers, a former business and technology director for The Associated Press, has been named the news cooperative's director of local media for New England. "Dwayne brings a great mix of news, technology and entrepreneurial experience to our New England market, as well as an in-depth understanding of AP services and our mission to inform the...

  • Mohegan Sun chief executive set to retire in 2015 Friday, 21 Nov 2014 | 5:31 AM ET

    UNCASVILLE, Conn.— Mitchell Etess, chief executive of the Mohegan Tribal Gaming Authority, says he plans to retire next year, but will stay on in a transition. He said he'll remain with the parent company of the Mohegan Sun casinos in Connecticut and Pennsylvania beyond the end of his contract on June 30, 2015. The Mohegan Sun failed to get a foothold in Massachusetts...

  • Malloy budget adviser: State economy is improving Friday, 21 Nov 2014 | 3:01 AM ET

    Dannel P. Malloy said Friday that Connecticut's economy is showing signs of improvement despite a projected $99.5 million revenue shortfall this year and projected $1 billion deficits in each of the next three fiscal years. Karen Buffkin, deputy secretary of the state's Office of Policy and Management, told state lawmakers that employment is increasing,...

  • Kozy Shack recalls some puddings over labeling Thursday, 20 Nov 2014 | 9:02 PM ET

    ARDEN HILLS, Minn.— Pudding maker Kozy Shack Enterprises is recalling some of its puddings because they are not labeled as containing milk. The product was distributed to 20 states— Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, West...

  • Nov 20- Renowned oil trader Andy Hall's hedge fund Astenbeck Capital Management had a 5 percent loss in October, after performing reasonably well the prior two months amid tumbling oil prices, according to a letter to investors from Hall. Westport, Connecticut- based Astenbeck, which manages approximately $3 billion, is now up 6 percent on the year, Hall said in the...

  • WASHINGTON, Nov 20- President Barack Obama planned on Thursday to ease the threat of deportation for about 4.7 million illegal immigrants, as leading Democrats lined up behind the U.S. leader in the face of Republican attacks. Obama dispatched his chief of staff, Denis McDonough, to Capitol Hill for lunch with Senate Democrats who grilled him on the politics and...

  • Jay Leno cancels gig at Vegas firearms trade show Thursday, 20 Nov 2014 | 5:39 PM ET

    LAS VEGAS— Comedian Jay Leno canceled a planned appearance at a firearms trade show on the Las Vegas Strip after learning that a group representing victims of gun violence was gathering signatures urging him not to attend, his publicist said Thursday. Leno made the decision when he was told the Shooting, Hunting, Outdoor Trade Show is hosted by the National...

  • Malloy trims $54.6 million from state agencies Thursday, 20 Nov 2014 | 4:05 PM ET

    Dannel P. Malloy announced Thursday he is seeking to trim $54.6 million in funding from numerous state agencies to help balance Connecticut's $20 billion budget. The General Assembly's fiscal analysis office has predicted deficits topping more than $1 billion in each of the next two years. The $54.6 million in mid-year cuts includes $47.8 million in...

  • *China, Europe data weigh on market. Treasury debt prices inched higher on Thursday as investors sought the safety of government bonds amid concerns about global growth following weak manufacturing data from China and Europe. "This one snapshot of inflation doesn't undo all the potential headwinds in China, Japan and Europe, and certainly we'll wait and see if...

  • FDA approves Purdue's painkiller that can reduce abuse Thursday, 20 Nov 2014 | 1:46 PM ET

    Nov 20- The U.S. Food and Drug Administration has approved a long-acting narcotic painkiller with abuse-resistant properties made by Purdue Pharma L.P., the agency said on Thursday. The FDA approved the once-daily drug, Hysingla ER, with the expectation that it will reduce, though not necessarily prevent, abuse through snorting or injecting.

  • US approves new, hard-to-abuse hydrocodone pill Thursday, 20 Nov 2014 | 1:16 PM ET

    The FDA said the medication is difficult to crush, break or dissolve. Purdue Pharma's new drug poses a direct commercial challenge to Zogenix's much-debated drug Zohydro, a twice-a-day hydrocodone tablet approved by the FDA last year. The FDA has been under intense public pressure to combat the national epidemic of prescription opioid abuse.

  • Mohegan Sun posts 4Q revenue slide, profit rise Thursday, 20 Nov 2014 | 12:45 PM ET

    HARTFORD, Conn.— Fourth-quarter revenue at the parent company of the Mohegan Sun casinos in Connecticut and Pennsylvania fell from the same period last year, but profit jumped significantly on cost-cutting, the casino operator announced Thursday. The Mohegan Sun in Connecticut and its neighbor, Foxwoods Resort Casino, have faced steadily falling revenue as...

  • Connecticut sees 8th month of job gains in October Thursday, 20 Nov 2014 | 12:16 PM ET

    WETHERSFIELD, Conn.— Connecticut employers added 3,600 jobs last month, the eighth monthly gain this year as the state recovers from the worst recession in decades, the state Labor Department announced Thursday. "Connecticut's job market continues to steadily add jobs this year at the best pace since the recovery began and that growth seems to be drawing more...

  • Takata quality chief shuns national air bag recall Thursday, 20 Nov 2014 | 10:43 AM ET

    WASHINGTON— The global quality chief of Takata Corp. apologized and an official from Honda acknowledged the automaker broke a disclosure law as a Senate committee put the spotlight on a growing problem with exploding air bags. Hiroshi Shimizu, Takata's senior vice president of quality, said the Japanese parts supplier is "deeply sorry and anguished" about...

  • Treasury debt prices rose on Thursday, as investors sought the safety of government bonds amid concerns about global growth following weak manufacturing data from China and Europe. But pessimistic data out of Europe and China outweighed the impact of sturdy U.S. data. "This one snapshot of inflation doesn't undo all the potential headwinds in China, Japan, and...