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  • More than a dozen senior insurance executives met Fed Governor Dan Tarullo on Feb. 6 to pitch a two-step process for launching nationwide insurance rules, according to records of the meeting by Dirk Kempthorne, who heads the American Council of Life Insurers, an industry group. Tarullo, the Fed's top Wall Street regulator, did not indicate whether he was open to...

  • More than a dozen senior insurance executives met Fed Governor Dan Tarullo on Feb. 6 to pitch a two-step process for launching nationwide insurance rules, according to records of the meeting by Dirk Kempthorne, who heads the American Council of Life Insurers, an industry group. While precise estimates are lacking because the rules are still unknown, Bank of...

  • HARTFORD, Conn.— Eighteen years, three governors and $567 million after a study was commissioned to come up with a way to improve public transportation in central Connecticut, a bus-only corridor is about to open, promising to overtake motorists sitting on traffic-clogged Interstate 84. Dannel P. Malloy, state Transportation Commissioner James Redeker and...

  • Cara reports 4Q loss Thursday, 26 Mar 2015 | 4:40 PM ET

    SHELTON, Conn. _ Cara Therapeutics Inc. on Thursday reported a fourth-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier. The Shelton, Connecticut- based company said it had a loss of 18 cents per share. Keywords: Cara Therapeutics, Earnings Report.

  • HARTFORD, Conn.— The commissioner of Connecticut's Transportation Department is outlining priorities in the governor's 30- year plan to overhaul highways, bridges and rail lines. Commissioner James Redeker says the plan for railways includes upgrading Civil War-era tracks and ties and a bridge over the Connecticut River that he describes as the biggest...

  • WETHERSFIELD, Conn.— The string of snow storms and bitter cold in February cost Connecticut jobs, the state Labor Department reported Thursday. "Connecticut's record cold February temperatures and frequent snow to have affected industry employment, hours worked and some unemployment claims activity last month," said Andy Condon, Director of the Office of...

  • FINRA fines Oppenheimer $3.75M in employee fraud case Thursday, 26 Mar 2015 | 11:15 AM ET

    NEW YORK— The Financial Industry Regulatory Authority is ordering Oppenheimer& Co. to pay $3.75 million for failing to supervise an employee who defrauded clients and the producers of a canceled Broadway musical. FINRA ordered Oppenheimer to pay a $2.5 million fine and $1.25 million in restitution for failing to investigate Mark Hotton before hiring him,...

  • The euro hit $1.10525 early Thursday, its highest since a nearly two-week high of $1.10625 on March 18 after the Fed released its latest policy statement, before erasing its gains. Analysts said the euro has seen selling pressure above the $1.10 mark on the view that the European Central Bank's new bond-buying stimulus program should weaken the currency...

  • March 25- General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. "As a result of increasingly challenging market conditions, we are announcing additional workforce reductions in our Lufkin business," said Kristin Schwarz, a GE Oil& Gas spokeswoman.

  • March 25- General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.

  • House Roll Call: Republicans approve conservative budget Wednesday, 25 Mar 2015 | 7:19 PM ET

    The 228-199 roll call Wednesday by which the House passed a conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare. Republicans— Aderholt, Y; Brooks, Y; Byrne, Y; Palmer, Y; Roby, Y; Rogers, Y. Republicans— Crawford, N; Hill, Y;...

  • Whitman, the founder of Whitman Capital LLC in Menlo Park, California, is serving a two-year prison term for his August 2012 conviction on securities fraud and conspiracy charges. Prosecutors said he profited in trading in shares of Google Inc and video-conferencing company Polycom Inc based on illegal tips from people like former Intel Corp employee Roomy...

  • *Fears of a bigger war from Yemen conflict adds to oil's strength. NEW YORK, March 25- Oil rallied more than 3 percent on Wednesday as a weaker dollar, fighting in Yemen and speculative buying boosted crude prices in spite of U.S. inventories building to record highs for an 11th week. Fighting in Yemen raised concerns about the security of oil shipments from the...

  • PROVIDENCE, R.I.— Doctors and public health organizations told lawmakers Wednesday that making the state the first in the nation to raise the age for legal tobacco purchases to 21 would help prevent death and disease, while convenience store owners urged them not to hurt their businesses. Teresa Tanzi's bill to raise the age from 18 at a House committee hearing.

  • NEW YORK, March 25- Oil prices rose on Wednesday, tracking a weaker dollar despite U.S. government data showing a higher-than-expected build in crude inventories last week. Brent was up 63 cents at $55.74 a barrel by 12:07 a.m. EDT. "If it weren't for the dollar being down today, oil be down a lot more," said Tariq Zahir, managing member at Tyche Capital Advisors in...

  • Connecticut lags much of the US in personal income growth Wednesday, 25 Mar 2015 | 11:17 AM ET

    Connecticut's 3 percent rise from 2013 to 2014 also lagged other New England states except Maine, where it increased by 2.9 percent. Connecticut has been vexed by unemployment persistently higher than joblessness nationwide. The unemployment rate in Connecticut was 6.3 percent in January, the most recent month available, while nationally it was 5.7 percent.

  • MIDDLEBURY, Vt.— A 2012 tip led investigators to look into whether millionaire real estate heir Robert Durst played a role in the 1971 disappearance and presumed death of a Middlebury College freshman, police said Tuesday. The tip was not connected with the producers of the HBO show "The Jinx," which focuses on the life of Durst, who's facing murder charges in the 2000...

  • Earnings for life insurers slid 11 percent in the most recent quarter, according to Moody's Investors Service, and long-term care was the chief culprit. Four of the five largest providers— including Manulife and MetLife— have either scaled back their business or stopped selling new policies, according to Moody's. The largest provider, Genworth Financial,...

  • LEBANON, Conn.— A Connecticut farm worker has died after a pile of milled corn collapsed on him. Police say the collapse happened when 54- year-old Donald Merchant, of South Windham, was using equipment to move corn from a large mound at the Square A Farm on Monday. He was taken to a local hospital where he was pronounced dead shortly before 5:30 p.m..

  • WASHINGTON— Responding to pressure from Congress and veterans groups, the Department of Veterans Affairs said Tuesday it is relaxing a rule that makes it hard for some veterans in rural areas to prove they live at least 40 miles from a VA health site. "We've determined that changing the distance calculation will help ensure more veterans have access to care when...