• 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...

  • Foxwoods hiring of convict challenged in court Thursday, 18 Dec 2014 | 9:52 AM ET

    MASHANTUCKET, Conn.— The felony conviction of a former Mashantucket Pequot Tribal Nation official should have kept him from receiving a management job at the tribe's Foxwoods Resort Casino, an attorney for another tribal member argued Thursday. The former tribal councilor, Steven Thomas, received the personnel position at the country's largest casino last...

  • Connecticut DMV won't allow three-wheeled vehicle Thursday, 18 Dec 2014 | 5:56 AM ET

    HARTFORD, Conn.— The Connecticut Department of Motor Vehicles has rejected an attempt to vehicle maker Polaris to have its three-wheeled Slingshot classified as a motorcycle. Polaris was seeking the designation to allow owners to register the vehicles and use them on Connecticut roads. The Waterbury Republican-American reports the DMV sent a letter to...

  • 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.