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  • Sony broadly releases 'The Interview' in reversal of plans Wednesday, 24 Dec 2014 | 11:58 AM ET

    LOS ANGELES— Amid a swell of controversy, backlash, confusion and threats, Sony Pictures broadly released "The Interview" online Wednesday— an unprecedented counterstroke against the hackers who spoiled the Christmas opening of the comedy depicting the assassination of North Korean leader Kim Jong Un. "It has always been Sony's intention to have a national...

  • Appeals court: Staten Island toll discount allowed Wednesday, 24 Dec 2014 | 11:43 AM ET

    NEW YORK— Fare discounts offered to Staten Island residents and others for some New York City bridge crossings are constitutional, a federal appeals court said Wednesday, rejecting challenges from residents in four states who complained the practice was discriminatory. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected claims by motorists in New...

  • Grant seeks to expand indoor farming in state Wednesday, 24 Dec 2014 | 10:01 AM ET

    A New Haven- based technology company, Agrivolution LLC, has received a $73,000 grant from the U.S. Department of Agriculture to work with Connecticut farmers and determine the feasibility of year-round, indoor production. Richard Fu, who began Agrivolution while a graduate student at the University of Connecticut, plans to use that money to research whether...

  • Connecticut Colt gun factory to be national park Tuesday, 23 Dec 2014 | 1:41 AM ET

    HARTFORD, Connecticut— As a decade-long push to make a national park out of Samuel Colt's 19th- century gun factory won approval, elected officials hailed the project as a way to boost one of Hartford's poorest neighborhoods and honor the revolver as a marvel of manufacturing. Notably absent from the celebrating was Colt's Manufacturing Co., as it and other gun...

  • *Will sell $35 bln 5- yr notes, $13 bln 2- yr floaters Tuesday. NEW YORK, Dec 22- Intermediate-debt underperformed long-dated bonds on Monday as investors prepared for new five-year and seven-year note supply, after the Treasury sold $27 billion in new two-year notes to solid demand. "They tend to require more of a concession to take down," said Ian Lyngen, senior...

  • Tribes tread carefully into marijuana discussions Monday, 22 Dec 2014 | 2:03 PM ET

    "Criminal activity is just going to go up more, and drug addiction is going to go up more, and everyone is going to be affected," said Edmund Yazzie, head of the Navajo Nation Council's Law and Order Committee. The split reaction among Navajo leaders reflects divisions on reservations around the country. Bureau of Indian Affairs assistant secretary and member of the...

  • *Will sell $35 bln 5- yr notes, $13 bln 2- yr floaters Tuesday. NEW YORK, Dec 22- U.S. bond yields stayed at slightly higher levels on Monday after the Treasury sold $27 billion in new two-year notes, the first part of a sale of $104 billion in supply this week. "They tend to require more of a concession to take down," said Ian Lyngen, senior government bond strategist at CRT...

  • Achillion rises on new hepatitis C drug study Monday, 22 Dec 2014 | 11:34 AM ET

    NEW YORK— Shares of Achillion Pharmaceuticals advanced Monday after the company said a combination of two experimental hepatitis C drugs cured all patients in a small clinical trial. Shares of Achillion Pharmaceuticals Inc. climbed $1.56, or 11 percent, to $15.77 in morning trading. The New Haven, Connecticut, company plans to start larger clinical trials of...

  • The Justice Department said Alstom paid more than $75 million to secure $4 billion in projects around the world. DOJ said Alstom pleaded guilty to a two-count criminal information filed in a federal court in Connecticut and that Alstom's Swiss unit also pleaded guilty to criminal charges that it conspired to violate federal bribery laws.

  • "Alstom's corruption scheme was sustained over more than a decade and across several continents," Deputy Attorney James Cole said at a news conference. In one case in Indonesia, prosecutors said, an Alstom executive emailed an employee that "one of the engineering chaps" who had influence on the outcome of a particular project was involved in a new project and "...

  • *Brent closes above $61, U.S. crude settles above $56. NEW YORK, Dec 19- Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.. Brent's front-month settled up $2.11, or 3.4 percent, at $61.38 a barrel, after closing twice this week below the...

  • *Bremt closes above $61, U.S. crude settles above $56. Brent ended above $61 a barrel, the second time since Wednesday when it closed above the key psychological level of $60, and continued to rise in post-settlement trade. WTI finished above $56, breaking above the $55 resistance.

  • Unemployment rates fell in 41 US states last month Friday, 19 Dec 2014 | 10:35 AM ET

    The Labor Department said Friday that unemployment rates rose in only three states: Connecticut, Louisiana, and Washington state. North Dakota's 2.7 percent unemployment rate was lowest in the nation, while Mississippi's 7.3 percent rate was the highest. The biggest job gains occurred in California, which added 90,100 jobs in November, followed by Florida,...

  • First Niagara to lay off up to 200 in 4 states Friday, 19 Dec 2014 | 9:36 AM ET

    BUFFALO, N.Y.— First Niagara Financial Group Inc. says it will eliminate up to 200 jobs companywide in a move aimed at better serving customers and boosting competitiveness. The Buffalo- based bank announced Thursday that it will cut 150 to 200 management positions at its operations in New York, Pennsylvania, Massachusetts, and Connecticut.

  • Xerox selling ITO unit, stock edged up in premarket Friday, 19 Dec 2014 | 7:03 AM ET

    NORWALK, Conn.— Shares of Xerox are edging higher in premarket trading Friday after the business services provider disclosed that it is selling its information technology outsourcing division to France's Atos for $1.05 billion. Xerox's ITO business includes about 9,800 employees in 45 countries. Atos has also agreed to provide information technology...

  • Correction: Cuba-Travel story Thursday, 18 Dec 2014 | 3:18 PM ET

    NEW YORK— NEW YORK— In a story Dec. 17 about travel to Cuba, The Associated Press reported erroneously the number of Americans who were authorized to travel to Cuba last year. US travel industry carefully eyeing Cuba tourism. NEW YORK— Cuba was once a haven for sun-seeking American tourists.

  • *Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...

  • Report: Connecticut employers adding more jobs Thursday, 18 Dec 2014 | 1:45 PM ET

    WETHERSFIELD, Conn.— Connecticut employers added 4,600 jobs last month, marking a new employment recovery high-point of nearly 1.7 million jobs, according to a state Department of Labor report released Thursday. The department's monthly report said the number of nonfarm jobs increased by 25,700 positions since November 2013 to give Connecticut a new high...

  • Constantly changing online prices stump shoppers Thursday, 18 Dec 2014 | 1:16 PM ET

    NEW YORK— Online shopping has become as volatile as stock market trading. Take Aishia Senior, who recently watched the price on a coat she wanted rise and fall several times between $110 and $139 in a span of six hours on Amazon.com. "It's definitely annoying," said Senior, who lives in New Haven, Connecticut. "

  • NEW YORK, Dec 18- Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. But in late morning trade in New York, benchmark Brent and U.S. crude fell more than $1 a barrel to session lows. "We're continuing to search for a bottom, and might even see...