GO
Loading...

Connecticut

More

  • Hubbell meets 3Q profit forecasts Thursday, 23 Oct 2014 | 8:00 AM ET

    SHELTON, Conn. _ Hubbell Inc. on Thursday reported third-quarter net income of $89.6 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.51 per share. Analysts expected $893.4 million, according to Zacks.

  • UBS puts Stamford building on the market Thursday, 23 Oct 2014 | 6:45 AM ET

    STAMFORD, Conn.— Financial Services giant UBS has put its Stamford, Connecticut, building on the market in another sign the Swiss bank is ready to leave. The Advocate of Stamford reports that Jay Hruska, vice chairman Cushman& Wakefield, a commercial real estate firm, said UBS officials want to "evaluate all of their options." The bank has rights to the property through...

  • Alexion tops Street 3Q forecasts Thursday, 23 Oct 2014 | 6:39 AM ET

    CHESHIRE, Conn. _ Alexion Pharmaceuticals Inc. on Thursday reported third-quarter net income of $177.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. Analysts expected $541.8 million, according to Zacks.

  • Owner of Conn. inn accused of tobacco tax fraud Thursday, 23 Oct 2014 | 6:16 AM ET

    LITCHFIELD, Conn.— Federal officials have accused the owner of the Litchfield Inn of defrauding Massachusetts and Connecticut of $43 million in tobacco tax revenue. The Republican-American reports that an indictment in U.S. District Court in Springfield, Massachusetts, accuses Syed I. Bokhari of accepting cash for tobacco products in amounts of more than...

  • California malpractice cap generates big spending Wednesday, 22 Oct 2014 | 3:55 PM ET

    SACRAMENTO, Calif.— Bob Pack wanted to go after the HMO doctors for recklessly prescribing painkillers to a drug-abusing nanny who ran over his 10- year-old son and 7- year-old daughter as they were heading for ice cream one early fall evening in 2003.. But under California's 1970 s-era medical malpractice law there was a $250,000 cap on pain and suffering.

  • Amphenol tops Street 3Q forecasts Wednesday, 22 Oct 2014 | 8:15 AM ET

    WALLINGFORD, Conn. _ Amphenol Corp. on Wednesday reported net income of $182.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Amphenol expects full-year earnings in the range of $2.20 to $2.22 per share, with revenue in the range of $5.26 billion to $5.3 billion.

  • Silgan meets 3Q profit forecasts Wednesday, 22 Oct 2014 | 7:42 AM ET

    STAMFORD, Conn. _ Silgan Holdings Inc. on Wednesday reported earnings of $83.3 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.33 per share. Silgan expects full-year earnings in the range of $3.10 to $3.20 per share.

  • From Kors to DVF, fashion mourns de la Renta Wednesday, 22 Oct 2014 | 7:21 AM ET

    Oscar de la Renta approached fashion and life on those terms, but there was more, so much more, those who loved and admired the designer say. I put it on and he said,' And now to the most important accessory,' and he handed me his arm and he said,' The man.' And so I put my arm in his arm and I got to walk through his showroom with Oscar de la Renta. A handwritten statement signed by his...

  • Connecticut governor: I kept my vow not to cut aid Wednesday, 22 Oct 2014 | 7:13 AM ET

    Dannel P. Malloy and his Republican challenger, Tom Foley, portrayed themselves Tuesday as friends to cities and towns, with Malloy reminding local leaders that he kept his promise nearly four years ago not to cut state aid in order to balance the budget. "If I lose this election, it's because I kept my fidelity to you," Malloy told members of the Connecticut...

  • Fashion icon mourned in Dominican homeland Wednesday, 22 Oct 2014 | 7:12 AM ET

    SANTO DOMINGO, Dominican Republic— Designer Oscar de la Renta was mourned Tuesday in the Dominican Republic as a native son who brought glamour and prestige to a largely poor country better known for baseball and beaches than elegant evening wear. De la Renta was born in the Dominican Republic in 1932 and left the Caribbean country at age 18. At the time of his...

  • Xerox beats 3Q profit forecasts Wednesday, 22 Oct 2014 | 7:06 AM ET

    NORWALK, Conn.— Xerox Corp. on Wednesday reported third-quarter net income of $266 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. For the current quarter ending in December, Xerox expects its per-share earnings to range from 30 cents to 32 cents.

  • Stanley Black & Decker beats Street 3Q forecasts Wednesday, 22 Oct 2014 | 6:07 AM ET

    NEW BRITAIN, Conn. _ Stanley Black& Decker Inc. on Wednesday reported third-quarter net income of $236.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. Stanley Black& Decker expects full-year earnings in the range of $5.52 to $5.58 per share.

  • Strong dollar hurts profits of U.S. companies Tuesday, 21 Oct 2014 | 5:49 PM ET

    Coca Cola Co and McDonald's Corp on Tuesday became the latest multinationals to get sideswiped by the surging U.S. currency, which typically crimps demand for U.S. exports and reduces the value of overseas sales when they are translated back into U.S. dollars. McDonald's forecast currency to cut fourth-quarter earnings per share by 5 cents to 6 cents, after...

  • Ethan Allen beats Street 1Q forecasts Tuesday, 21 Oct 2014 | 5:46 PM ET

    DANBURY, Conn. _ Ethan Allen Interiors Inc. on Tuesday reported fiscal first-quarter profit of $11.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Analysts expected $190.6 million, according to Zacks.

  • *China implied oil demand up 6.2 pct to 10.3 mln bpd in September. *China Q4 GDP growth at 7.3 pct, weakest since 2008/ 09 crisis. NEW YORK, Oct 21- Brent crude oil ended up almost 1 percent on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

  • US oversight increased at Millstone nuclear plant Tuesday, 21 Oct 2014 | 2:07 PM ET

    WATERFORD, Conn.— The Nuclear Regulatory Commission is stepping up oversight at Connecticut's nuclear plant following a safety violation, the federal agency said Tuesday. The Millstone Power Station in Waterford was cited for failure to address repetitive problems with a pump that is part of a backup safety system. Millstone, which is owned by Richmond,...

  • *China implied oil demand up 6.2 pct to 10.3 mln bpd in September. *China Q4 GDP growth at 7.3 pct, weakest since 2008/ 09 crisis. NEW YORK, Oct 21- Oil prices were up at midday on Tuesday after an early rally aided by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

  • Big slump is no cause to ditch stock market Tuesday, 21 Oct 2014 | 11:34 AM ET

    NEW YORK— After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells...

  • United Technologies beats 3Q profit expectations Tuesday, 21 Oct 2014 | 7:12 AM ET

    HARTFORD, Conn.— United Technologies Corp. on Tuesday reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. Growth in China— where United Technologies' Otis elevator business has a broad presence— will moderate, Hayes said. Hayes said United Technologies is...

  • Governor doubts UBS will stick to jobs agreement Tuesday, 21 Oct 2014 | 5:54 AM ET

    STAMFORD, Conn.— A landmark deal between Connecticut and financial services giant UBS over jobs and state aid may be crumbling, Gov. UBS may not keep 2,000 jobs in Stamford over five years as part of its 2011 agreement in which it received $20 million in state incentives, Malloy told the editorial board of Hearst Connecticut Media on Monday. If UBS fails to keep all...