Europe Opens Sharply Lower on Fed Comments
Connecticut
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Even as images of the Sandy Hook Elementary School shootings are fresh in America's conscious, a pro-gun group is sponsoring a promotion to give away a gun each day in April.
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Dannel P. Malloy has signed a new, two-year $44 billion budget into law, saying the plan contains no new taxes. The governor on Wednesday touted the budget deal he reached with his fellow Democrats in the General Assembly with making "historic investments in growing jobs and improving our public schools."
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DANBURY, Conn.-- Biotechnology company Biodel Inc. on Wednesday priced a public offering of about 4.5 million shares of stock at $4.35 per share. Biodel, which develops treatments for diabetes, is also granting underwriters a 30- day option to buy up to 672,414 more shares to cover overallotments. Shares fell 46 cents, or 9.7 percent, to $4.30 in afternoon trading.
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*U.S. East Coast gasoline stocks lower. NEW YORK, June 19- Crude oil prices on both sides of the Atlantic were weaker in choppy trading on Wednesday after a U.S. government report showed an unexpected build up in crude oil stocks.
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Connecticut Natural Gas, Southern Connecticut Gas and Yankee Gas have presented state regulators with a rare joint proposal outlining how they would spend tens of millions of dollars to connect 280,000 customers over 10 years.
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*Iraq says will bolster crude output. NEW YORK, June 18- Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve's policy statement on O/RWednesday that is expected to show whether it will reduce its monetary stimulus.
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NORWALK, Conn.-- Emcor Group Inc.' s shares rose Tuesday, a day after the company said it expects that the planned acquisition of an energy services company, RepconStrickland, will add to its profit this year. THE SPARK: Emcor said Monday that it is buying RepconStrickland in a deal valued at $455 million.
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WASHINGTON, June 18- M&T Bank Corp will put a comprehensive plan in place to fix problems with its anti-money laundering policies that had caused regulators to put a hold on its $3.7 billion bid to buy Hudson City Bancorp. Buffalo, New York- based M&T Bank will submit a plan to the U.S.
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NORWALK, Conn.-- FactSet Research Systems Inc. said Tuesday that its fiscal third-quarter net income rose 11 percent. For the quarter ended May 31, FactSet earned $53.4 million, or $1.20 per share, up from $48 million, or $1.05 per share, a year earlier.
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HARTFORD, Conn.-- The National Transportation Safety Board has issued an urgent safety recommendation after a railroad track foreman was struck and killed by a passenger train last month in Connecticut. The agency Monday urged the Metro-North Railroad to provide backup protection for track maintenance crews that now depend on train dispatchers.
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NEW YORK-- A commuter train shook on the tracks and then derailed in a tunnel under the East River shortly after leaving Penn Station on Monday night, forcing the hundreds of passengers on it to be removed and delaying the trip home for many others.
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Months before Americans buy coverage under Obamacare, it's becoming clear that choices for millions of people will vary depending on where they live. The NYT reports.
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WESTPORT, Conn.-- Shares of Terex Corp. tumbled Monday after the machinery products maker cut its full-year 2013 guidance below Wall Street's estimates, saying that sales growth has been weaker than it previously expected.
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NEW HAVEN, Conn.-- Connecticut has been awarded a $169,000 federal grant to support the salaries of 211 teachers in low-income schools. Rosa DeLauro says The AmeriCorps grant from the Corporation for National and Community Service will go to schools in Bridgeport, Stamford, Hartford, New Haven and Windham involved in the Teach for America program.
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NEW YORK, June 14- Oil rose and U.S. crude hit a nine-month intraday high on Friday, after news that the United States had authorized sending U.S. weapons to Syrian rebels sparked concerns about Middle East supplies.
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NEW YORK-- Among the initial public offerings stories for Friday, June 14, from the AP Financial Desk:. Sources include Renaissance Capital, Greenwich, CT and SEC filings. -Diamond Resorts International Inc. filed paperwork Friday for an initial public offering of its stock.
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NEW YORK/ LONDON, June 14- Brent crude rose and U.S. oil struck a nine-month high on Friday after news that the United States had authorized sending U.S. weapons to Syrian rebels sparked concerns about Middle East supplies.
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WASHINGTON-- Senate Majority Leader Harry Reid says he won't accept watered-down background checks as the price for pushing gun control legislation through the Senate. Reid says efforts to find the 60 Senate votes needed haven't borne much fruit.
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Gold fell almost 1 percent, as the U.S. data fueled concerns that the Federal Reserve could reduce its monthly commitment to buy $85 billion of government bonds. Speculation has heightened that the U.S. central bank may taper its monetary easing, after Bank of Japan decided this week not to enlarge a $1.4 trillion stimulus announced in April. "
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NEW YORK, June 13- Commodity funds with combined assets of about $10 billion are heading for the half-year mark with losses, with some hoping that improving market fundamentals will overpower worries over global growth and stimulus measures in the second half.
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NEW YORK, June 13- This time, the Fed is serious. That's the judgment of U.S. government bond investors who belive the Federal Reserve is close to paring back its $2.5 trillion, 4-1/ 2- year bond purchase program, and it's causing turmoil in the U.S.
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No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.