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  • NEW YORK, June 30- Stocks ended slightly higher on Wall Street in volatile trade on Tuesday and a global equities gauge was flat, while the euro fell as Greece grappled with a looming deadline on a debt payment to the IMF. Markets held on to some chance of resolution even as German Chancellor Angela Merkel played down any hopes of a last-minute deal with Greece and...

  • The state Public Utilities Regulatory Authority issued a draft decision saying that Spain's Iberdrola has not provided "any measurable or quantifiable commitments" that assure regulators that ratepayers will not be harmed by its plan to buy UIL Holdings Corp.. The agency said it cannot conclude that Iberdrola and UIL Holdings "will continue to possess the...

  • BOSTON— When a paid sick time requirement takes effect Wednesday, state officials say the focus will be on educating employers about the new law, not punishing any for noncompliance. Regulations drafted by Attorney General Maura Healey's office do not spell out penalties for employers who skirt the law. Civil enforcement would be possible through the state's...

  • WASHINGTON— The makers of the potent painkiller OxyContin have pulled out of a federal meeting to review the company's harder-to-abuse version of the much-debated drug. As a result, the company has withdrawn its application that was slated to be reviewed before a Food and Drug Administration committee next week. FDA meetings are typically planned months in...

  • "Colt is an iconic business and we're sort of intensely interested in helping a business like that," Drew Ryce, attorney for the Morongo Band of Mission Indians, told Reuters on Tuesday. Ryce said the Banning, California- based tribe was looking to diversify its economy and an East Coast manufacturer would balance the tribe's focus on retail, gambling and...

  • NEW YORK, June 30- New Jersey Governor Chris Christie's second-in-command gave her pitch to a small crowd at a Philadelphia biotechnology convention in June with her signature move: giving out her cell phone number. "Now, no one from New Jersey! I want the guys that aren't already here in New Jersey. "

  • In their June 25 lawsuit, Yale University's Global Health Justice Partnership and the Treatment Action Group, an AIDS non-profit, said doctors and patients deserve more information about the "enormously costly" drugs Harvoni and Sovaldi to make informed decisions about whether to use them. The plaintiffs said Gilead ignored its request for the trial data,...

  • Dannel P. Malloy and Connecticut's two U.S. senators, Richard Blumenthal and Chris Murphy, said at a news conference Monday afternoon that revisions in the final version will prevent those groups from winning recognition and pressing claims for surrounding lands. Connecticut has two federally recognized tribes, the Mashantucket Pequot Tribal Nation and...

  • FAIRFIELD, Conn.— General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion. GE recently announced it would sell most of GE Capital over the next two years for about $26.5 billion. GE Capital Chairman and CEO Keith Sherin said in a written statement that the company is on track to sell off...

  • Switzerland's Novartis buys US biotech firm Spinifex Monday, 29 Jun 2015 | 4:03 AM ET

    BERLIN— Swiss drug manufacturer Novartis says it is buying Spinifex Pharmaceuticals, a U.S.-based biotechnology company that specializes in developing treatments for chronic pain. Novartis didn't disclose financial details Monday of the agreement to buy privately held Spinifex, which has its headquarters in Stamford, Connecticut, and an office in...

  • BASEL, Switzerland, June 29- Swiss drugmaker Novartis AG boosted its presence in pain management on Monday by agreeing to buy U.S.-Australian biotech firm Spinifex Pharmaceuticals, the companies said in separate statements on Monday. Spinifex said Novartis was paying $200 million upfront and Spinifex shareholders could get further payments based on...

  • WASHINGTON— The country finally has an opportunity to change the subject on health care, after the Supreme Court again upheld President Barack Obama's law. But moving on will take time, partly because many Republicans want another chance to repeal the Affordable Care Act if they win the White House and both chambers of Congress next year. "The politics of this has...

  • HARTFORD, Conn.— The ride-booking company Uber is ramping up its recruitment of drivers in Connecticut, even though legislation requiring them to abide by a new regulatory system failed to clear the General Assembly in the final hours of the regular legislative session. The goal is to add 1,500 drivers in Connecticut cities, starting with New Haven before...

  • Connecticut Democrats reach deal on budget changes Friday, 26 Jun 2015 | 6:25 PM ET

    Dannel P. Malloy's administration on last-minute changes to the state budget that sparked strong criticism from major employers, including two that threatened to leave Connecticut. Rank-and-file lawmakers are scheduled to return to the Capitol on Monday for a special legislative session to vote on the changes, which House Speaker Brendan Sharkey, D- Hamden,...

  • *Billions in aid offered to Greece. Treasury yields rose on Friday, with long-dated yields hitting a nearly nine-month high, after euro zone partners' offer to release billions in frozen aid to Greece reduced demand for safe-haven U.S. debt. The creditors laid out terms in a document handed to Greece on Thursday.

  • WASHINGTON, June 25- Democrats in the U.S. Congress who backed legislation key to sealing a Pacific Rim trade pact this week shrugged off threats of retribution from labor unions and liberal activists who have vowed to hold them accountable at future elections. Forty-one Democrats this week defied pressure and supported legislation to let the White House...

  • Iran talks drag crude prices lower. NEW YORK, June 25- A Supreme Court ruling upholding tax subsidies boosted some U.S. healthcare stocks to fresh highs on Thursday, while key global equity markets were little changed following a proposal by Greece's creditors to avoid a Greek debt default. Greece's international creditors presented a cash-for-reform...

  • MGM asks to delay opening Massachusetts casino by a year Thursday, 25 Jun 2015 | 12:19 PM ET

    BOSTON— MGM wants to delay the opening of its planned resort casino in western Massachusetts by a year because of a major highway project taking place nearby. The Las Vegas casino giant Thursday submitted a revised project schedule Thursday to the state Gaming Commission that calls for construction to be completed in August 2018 and the casino to officially...

  • NEW YORK— Charter is trying to convince the government that consumers will benefit if it is allowed to create a cable giant through its proposed $67.1 billion acquisition of Time Warner Cable and Bright House. It is seeking government approval after regulators' concerns led Comcast to scrap its $45 billion bid for Time Warner Cable in April.

  • NEW YORK, June 25- U.S. hospital shares surged, with several hitting all-time highs, and other healthcare names rallied on Thursday after the U.S. Supreme Court upheld tax subsidies key to President Barack Obama's signature healthcare law. Among hospitals, shares of Community Health Systems were up 9.3 percent at $60.44 after earlier touching a record high of...