The Connecticut Senate approved raising the minimum wage to $10.10 an hour by 2017, the same rate the president wants for the federal minimum wage.» Read More
*Raises 2014 adj earnings forecast to $4.75- $4.85/ share. *1st- quarter adj earnings $1.53/ share vs est $1.26. The biotechnology company raised its full-year adjusted earnings forecast to $4.75- $4.85 per share from $4.37- $4.47.
A judge denied a bid by Apple to hold off a trial accusing the company of conspiring with publishers to fix e-book prices.
NEW YORK, April 24- The U.S. dollar rose on Thursday after better-than-expected U.S. durable goods orders while ECB President Mario Draghi undermined the euro by reiterating the potential for asset purchases to ward off deflation risks.
April 24- Alexion Pharmaceuticals Inc reported stronger-than-expected adjusted net earnings due to robust sales of its sole product on the market, Soliris, and it raised its full-year profit forecast for the second time in less than two months.
April 24- Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin brands, reported a quarterly profit that beat analysts' estimates, helped by growth in business travel in North America.
STAMFORD, Conn.— Starwood's first-quarter net income declined 36 percent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue. Regis hotels earned $137 million, or 72 cents a share, for the period ended March 31.
The Hartford, Conn., insurer closed a $6.9 billion acquisition of fellow insurer Coventry Health Care last May, and it said Thursday that deal was the main factor behind its growth in this year's first quarter. It administers Medicaid, the state and federally funded program that covers the needy and disabled people, and it offers Medicare Advantage plans.
PORTLAND, Ore.— After weeks of deliberation, a committee is poised to make a final recommendation Thursday on what to do with Oregon's botched health insurance exchange portal. The decision comes nearly seven months after Oregon's exchange was supposed to go live so that residents could use it to compare and buy health insurance plans.
MONTPELIER, Vt.— Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods as such, setting up a war between powerful lobbyists for the behemoth U.S. food industry and an American public that overwhelmingly says it approves of the idea.
NEW YORK, April 23- A U.S. federal judge denied a bid by Apple Inc on Wednesday to hold off a trial in a case brought by state attorneys general accusing the company of conspiring with five major publishers to fix e-book prices.
The Vermont House of Representative passed the bill 114-30. Last week, the Vermont Senate, by a vote of 28-2, approved the measure, which requires foods containing GMOs sold at retail outlets to be labeled as having been produced or partially produced with "genetic engineering."
April 23- A law that would make Vermont the first U.S. state to enact mandatory labeling of foods made with genetically modified organisms, or GMOs, received final approval from state lawmakers on Wednesday and now heads to the governor's desk.
One bill that would add unwanted text messages to the list of prohibited activities under the state's do-not-call law unanimously passed the Senate.
HARTFORD, Conn.— An Ovation guitar factory in the western Connecticut hills that produced instruments for music legends from Paul Simon to Cat Stevens to Glen Campbell will be closing in June after 47 years and production of the Ovation line in the United States will stop, the manufacturer's parent company told the shop's 46 workers this week.
WASHINGTON, April 22- Former General Motors Co chief executives should be called to testify to the U.S. Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.
WASHINGTON, April 22- Former General Motors CEOs and other executives should be called to testify to the U.S. Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.
NEW YORK, April 22- Options investors expecting a big move in Netflix shares after the video streaming service posted earnings didn't get what they wanted, and they're fleeing en masse on Tuesday.
NORWALK, Conn.— Xerox's first-quarter net income fell 5 percent as it dealt with higher-than-expected investments in its government health care business and lower revenue in its document-technology business. Xerox earned $281 million, or 23 cents per share, for the three months ended March 31.
HARTFORD, Conn.— United Technologies Corp. reported Tuesday its first-quarter profit dropped 4 percent as slightly higher revenue was offset by restructuring costs, asset sales and currency exchange rates.
WASHINGTON— In his new book, retired Supreme Court Justice John Paul Stevens calls for no fewer than six changes to the Constitution, two of which are directly related to guns. His proposed amendments generally would overrule major Supreme Court decisions with which he disagrees, including ones on guns and campaign finance in which he dissented.