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  • *Brent rises above $69, U.S. crude above $62, before paring gains. NEW YORK, May 6- Oil prices hit 2015 peaks on Wednesday amid the first drawdown in U.S. crude inventories since January, before settling off their highs as investors and traders moved to take profits on a multi-week rally. U.S. crude futures rallied more than $2 to the year's high of $62.58 a barrel, before...

  • Lynwood Patrick Jr., of East Hartford, was arrested at his home. A Hartford attorney identified by the U.S. attorney's office as Patrick's lawyer declined to comment on the case or confirm that he's Patrick's lawyer. Patrick, 39, is the director of investigations for DSS's Office of Quality Assurance.

  • *Taylor Woods, BBL Commodities among funds caught on wrong side. Those hurt by the abrupt turn included Connecticut- based Taylor Woods Capital Management and BBL Commodities in New York. Shale oil skeptic and market bull Andy Hall, however, saw his $3 billion Connecticut- based Astenbeck Capital Management rise about 10 percent through April, according to media...

  • *Brent rises above $69, U.S. crude above $62, before paring gains. U.S. crude futures rallied more than $2 to the year's high of $62.58 a barrel before consolidating to show an 80 cent gain at $61.20 a barrel by 12:54 p.m. EDT. Futures of U.K. North Sea Brent, the more globally-used benchmark, were up 60 cents at $68.12 a barrel, having reached a 2015 peak of $69.93 earlier.

  • CORRECTED-April's oil bounce trips up some hedge funds Wednesday, 6 May 2015 | 1:31 PM ET

    *Taylor Woods, BBL Commodities among funds caught on wrong side. Those hurt by the abrupt turn included Connecticut- based Taylor Woods Capital Management and BBL Commodities in New York. They contrasted with shale oil skeptic and market bull Andy Hall, who saw his $3 billion Connecticut- based Astenbeck Capital Management rise about 10 percent through April,...

  • WASHINGTON— Bill Lewis was under more pressure than most new hires when he began a job in information technology last year in Monroe, Connecticut. Jobless for a year, he had eight weeks to persuade his employer to keep him and pay his salary. Lewis' employer, Kevin Kuligowski of Creative Mailing Solutions, discovered he was both proficient in mail-management...

  • TRC posts 3Q profit Wednesday, 6 May 2015 | 8:54 AM ET

    WINDSOR, Conn. _ TRC Cos. on Wednesday reported fiscal third-quarter net income of $5.2 million. On a per-share basis, the Windsor, Connecticut- based company said it had net income of 17 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Alexion Pharmaceuticals will pay a huge premium to buy Synageva BioPharma in an $8.4- billion deal for a rare disease treatment maker that lost nearly $60 million in the first quarter and has no products on the market. Synageva's pipeline of products under development includes Kanuma, a potential treatment that's currently being reviewed by the Food and...

  • Aircastle beats 1Q profit forecasts Wednesday, 6 May 2015 | 7:51 AM ET

    STAMFORD, Conn. _ Aircastle Ltd. on Wednesday reported first-quarter earnings of $43.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Aircastle shares have increased 13 percent since the beginning of the year.

  • Blyth reports 1Q loss Tuesday, 5 May 2015 | 7:12 PM ET

    GREENWICH, Conn. _ Blyth Inc. on Tuesday reported a loss of $12.5 million in its first quarter. The Greenwich, Connecticut- based company said it had a loss of 77 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • May 5- A former top executive of the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Tuesday to 2-3/ 4 years in prison, after pleading guilty to conspiring to defraud clients as the 2008 financial crisis approached. Former managing partner David Bryson had pleaded guilty last May to a charge of conspiracy to commit wire fraud.

  • NEW HAVEN, Conn.— A man who fought drug trafficking in the Caribbean as a U.S. Navy officer before beginning a finance career in Connecticut was sentenced Tuesday to two years and nine months in prison for misleading investors about accounts in the Cayman Islands. David Bryson, who was sentenced in New Haven federal court, is among three former executives of...

  • Horizon Technology Finance posts 1Q profit Tuesday, 5 May 2015 | 5:07 PM ET

    FARMINGTON, Conn. _ Horizon Technology Finance Corp. on Tuesday reported first-quarter net income of $3.8 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Horizon Technology Finance shares have climbed almost 2 percent since the beginning of the year.

  • Ellington Residential posts 1Q profit Tuesday, 5 May 2015 | 4:57 PM ET

    OLD GREENWICH, Conn. _ Ellington Residential Mortgage REIT on Tuesday reported first-quarter earnings of $3.7 million. The Old Greenwich, Connecticut- based company said it had profit of 40 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Frontier Communications posts 1Q loss Tuesday, 5 May 2015 | 4:13 PM ET

    STAMFORD, Conn. _ Frontier Communications Corp. on Tuesday reported a first-quarter loss of $51 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Frontier Communications shares have risen 1 percent since the beginning of the...

  • HARTFORD, Conn.— Connecticut lawmakers are wrestling with a bill that bans the import, sale and purchase of ivory or rhinoceros horns, with some voicing concern about the impact on collectors whose treasures could be rendered worthless. The legislation is intended to make Connecticut's laws conform with those in nearby New Jersey and New York, sending a message...

  • HARTFORD, Conn.— The health insurer Aetna is ending most coverage of hysterectomies performed with a once-popular device that has drawn warnings from federal regulators over a risk for spreading cancer. Aetna Inc. will make exceptions for pre-menopausal women who want to maintain their fertility and for whom another treatment would not be effective.

  • Starwood Property Trust posts 1Q profit Tuesday, 5 May 2015 | 9:16 AM ET

    GREENWICH, Conn. _ Starwood Property Trust Inc. on Tuesday reported first-quarter profit of $120.4 million. Starwood Property Trust expects full-year earnings in the range of $2.05 to $2.25 per share. Starwood Property Trust shares have increased almost 5 percent since the beginning of the year.

  • Waterbury Hospital to be sold to California company Tuesday, 5 May 2015 | 7:16 AM ET

    WATERBURY, Conn.— Greater Waterbury Health Network has reached an agreement to sell Waterbury Hospital to a Los Angeles- based company. Darlene Stromstad, the health network's chief executive officer, told the Republican-American newspaper that officials signed a letter of intent Friday to sell it to Prospect Medical Holding Inc.. Thomas M. Reardon, president...

  • Sturm Ruger posts 1Q profit Monday, 4 May 2015 | 5:31 PM ET

    SOUTHPORT, Conn. _ Sturm Ruger& Co. on Monday reported first-quarter earnings of $15.5 million. Sturm Ruger shares have risen 69 percent since the beginning of the year. Keywords: Sturm Ruger, Earnings Report.