• US travel industry carefully eyeing Cuba tourism Wednesday, 17 Dec 2014 | 12:11 PM ET

    NEW YORK— Cuba was once a haven for sun-seeking American tourists. President Barack Obama's announcement Wednesday of plans to re-establish diplomatic ties with Cuba doesn't suddenly lift the ban on U.S. tourism. "Cuba is the largest country in the Caribbean, so there's some exciting possibilities," said Roger Frizzell, spokesman for Carnival Corp. He said "some...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • 113th Congress ends with more fights than feats Wednesday, 17 Dec 2014 | 1:16 AM ET

    WASHINGTON— The tempestuous 113th Congress has limped out of Washington for the last time, capping two years of modest and infrequent legislating that was overshadowed by partisan clashes, gridlock and investigations. That was the fewest since at least 1947 and 1948, when what President Harry Truman dubbed "the do-nothing Congress" enacted over 900 laws.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Raimondo picks nominee for new commerce secretary Tuesday, 16 Dec 2014 | 2:03 PM ET

    PROVIDENCE, R.I.— Gov.-elect Gina Raimondo announced Tuesday she will nominate Connecticut's education commissioner to be Rhode Island's first commerce secretary. Raimondo said Stefan Pryor has the experience and drive to help her lead the state's comeback, and she will ask the Senate to confirm him. Malloy said he has the "utmost confidence" that Pryor brings...

  • Metro-North gets record fine in retaliation case Tuesday, 16 Dec 2014 | 12:32 PM ET

    HARTFORD, Conn.— The Metro-North-Railroad has been ordered to pay a record fine of more than $250,000 to an employee who faced disciplinary action after he reported getting injured on the job, the U.S. Labor Department said Tuesday. The Occupational Safety and Health Administration said the punitive damages are the highest ever in a retaliation case under the...

  • FactSet misses 1Q profit forecasts Tuesday, 16 Dec 2014 | 7:09 AM ET

    NORWALK, Conn. _ FactSet Research Systems Inc. on Tuesday reported fiscal first-quarter earnings of $55.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share. Analysts expected $241.7 million, according to Zacks.

  • FuelCell Energy reports 4Q loss Monday, 15 Dec 2014 | 5:45 PM ET

    DANBURY, Conn. _ FuelCell Energy Inc. on Monday reported a loss of $4.7 million, or 2 cents per share, in its fiscal fourth quarter. The company, based in Danbury, Connecticut, posted revenue of $54.4 million in the period. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Oil prices fall to five-year lows on OPEC output decision. An early rebound in oil prices faded after OPEC exporters said they would not cut production despite worries about a supply glut. That's weighed on stocks and put a bid back in Treasuries, "said Ian Lyngen, senior government bond strategist at CRT Capital Group in Stamford, Connecticut.

  • *Oil prices fall to fresh five-year lows on OPEC output decision. An earlier rebound in oil prices faded after OPEC exporters said they wouldn't cut production despite worries about a supply glut. That's weighed on stocks and put a bid back in Treasuries, "said Ian Lyngen, senior government bond strategist at CRT Capital Group in Stamford, Connecticut.

  • Urstadt Biddle reports 4Q results Friday, 12 Dec 2014 | 5:54 PM ET

    GREENWICH, Conn. _ Urstadt Biddle Properties Inc. on Friday reported a key measure of profitability in its fiscal fourth quarter. The real estate investment trust, based in Greenwich, Connecticut, said it had funds from operations of $8 million, or 26 cents per share, in the period. This story was generated by Automated Insights using data from Zacks Investment...

  • *Oil price plunge knocks Norway, Canadian dollar lower. NEW YORK, Dec 12- The U.S. dollar cut its losses against the euro, extended gains against the yen and reached an 11- year high against the Norwegian crown on plunging oil prices and stronger-than-expected U.S. economic data on Friday. U.S. consumer sentiment rose to an eight-year high in December, above...

  • How low can gas go? Low, high prices by state Friday, 12 Dec 2014 | 2:53 PM ET

    A 78- day plunge in gasoline prices that is showing no signs of slowing has dropped the national average price to $2.60 a gallon, its lowest level since December of 2009. It's saving a typical household $60 a month compared to last year around this time, enough for an extra holiday gift or two.

  • GE boosts dividend by 4.5 percent Friday, 12 Dec 2014 | 12:27 PM ET

    FAIRFIELD, Conn.— General Electric Co. said Friday that it is increasing its quarterly dividend by 4.5 percent. The Fairfield, Connecticut- based conglomerate's new dividend will be 23 cents, up from 22 cents. GE shares fell 25 cents, or 1.2 percent, to $25.16 in afternoon trading.

  • United Technologies profit outlook below forecasts Thursday, 11 Dec 2014 | 7:02 PM ET

    NEW YORK— United Technologies Corp. on Thursday issued profit forecasts for this year and 2015 that fell short of market expectations and its shares slipped in extended trading. United Technology expects revenue of about $65 billion for the year; analysts are anticipating $65.2 billion. Shares of United Technology, which is based in Hartford, Connecticut,...

  • NY tells insurers to cover transgender treatment Thursday, 11 Dec 2014 | 9:58 AM ET

    The Transgender Legal Defense and Education Fund said New York follows eight other states and the District of Columbia to do this. The others are California, Colorado, Connecticut, Illinois, Massachusetts, Oregon, Vermont and Washington. The fund also called on New York to remove the exclusion its Medicaid program, saying it's not subject to the new guidance.

  • 5 things to know on SD pieces in fed spending plan Wednesday, 10 Dec 2014 | 5:50 PM ET

    PIERRE, S.D.— The massive $1.1 trillion federal spending bill under debate in Washington contains key provisions that benefit the state, members of South Dakota's congressional delegation said Wednesday. Included in the 1,603- page omnibus spending bill, which funds nearly every government agency and contains dozens of policy provisions, is water project...

  • Attorney Preet Bharara's Wall Street crackdown. The 2nd U.S. Circuit Court of Appeals in New York said prosecutors presented insufficient evidence to convict Todd Newman, a former portfolio manager at Diamondback Capital Management, and Anthony Chiasson, co-founder of Level Global Investors. That establishes a tougher standard that could make future...

  • NEW YORK, Dec 10- Oil prices tumbled 5 percent on Wednesday, pushing U.S. crude to five-year lows near $60 a barrel after data showed a spike in U.S. inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output. Saudi Oil Minister Ali al-Naimi, on a visit to Peru, shrugged off suggestions that the kingdom might cut output, sticking to his...

  • Morgan Stanley paying $4M to settle SEC charges Wednesday, 10 Dec 2014 | 12:55 PM ET

    WASHINGTON— Morgan Stanley has agreed to pay $4 million to settle federal charges of failing to prevent the unauthorized purchase of $525 million in Apple stock by one of its customers. The SEC said Morgan Stanley violated a rule requiring brokerage firms to have strong risk measures in place before they give customers access to the markets.