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  • Strong dollar hurts profits of U.S. companies Tuesday, 21 Oct 2014 | 5:49 PM ET

    Coca Cola Co and McDonald's Corp on Tuesday became the latest multinationals to get sideswiped by the surging U.S. currency, which typically crimps demand for U.S. exports and reduces the value of overseas sales when they are translated back into U.S. dollars. McDonald's forecast currency to cut fourth-quarter earnings per share by 5 cents to 6 cents, after...

  • Ethan Allen beats Street 1Q forecasts Tuesday, 21 Oct 2014 | 5:46 PM ET

    DANBURY, Conn. _ Ethan Allen Interiors Inc. on Tuesday reported fiscal first-quarter profit of $11.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Analysts expected $190.6 million, according to Zacks.

  • *China implied oil demand up 6.2 pct to 10.3 mln bpd in September. *China Q4 GDP growth at 7.3 pct, weakest since 2008/ 09 crisis. NEW YORK, Oct 21- Brent crude oil ended up almost 1 percent on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

  • US oversight increased at Millstone nuclear plant Tuesday, 21 Oct 2014 | 2:07 PM ET

    WATERFORD, Conn.— The Nuclear Regulatory Commission is stepping up oversight at Connecticut's nuclear plant following a safety violation, the federal agency said Tuesday. The Millstone Power Station in Waterford was cited for failure to address repetitive problems with a pump that is part of a backup safety system. Millstone, which is owned by Richmond,...

  • *China implied oil demand up 6.2 pct to 10.3 mln bpd in September. *China Q4 GDP growth at 7.3 pct, weakest since 2008/ 09 crisis. NEW YORK, Oct 21- Oil prices were up at midday on Tuesday after an early rally aided by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

  • Big slump is no cause to ditch stock market Tuesday, 21 Oct 2014 | 11:34 AM ET

    NEW YORK— After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells...

  • United Technologies beats 3Q profit expectations Tuesday, 21 Oct 2014 | 7:12 AM ET

    HARTFORD, Conn.— United Technologies Corp. on Tuesday reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. Growth in China— where United Technologies' Otis elevator business has a broad presence— will moderate, Hayes said. Hayes said United Technologies is...

  • Governor doubts UBS will stick to jobs agreement Tuesday, 21 Oct 2014 | 5:54 AM ET

    STAMFORD, Conn.— A landmark deal between Connecticut and financial services giant UBS over jobs and state aid may be crumbling, Gov. UBS may not keep 2,000 jobs in Stamford over five years as part of its 2011 agreement in which it received $20 million in state incentives, Malloy told the editorial board of Hearst Connecticut Media on Monday. If UBS fails to keep all...

  • Oscar de la Renta, legendary designer, dead at 82 Tuesday, 21 Oct 2014 | 12:20 AM ET

    NEW YORK— At his Fashion Week runway show in September, Oscar de la Renta sat in his usual spot: in a chair right inside the wings, where he could carefully inspect each model just as she was about to emerge in one of his sumptuous, impeccably constructed designs. De la Renta, who dressed first ladies, socialites and Hollywood stars for more than four decades, died Monday...

  • Hexcel tops 3Q earnings expectations Monday, 20 Oct 2014 | 4:09 PM ET

    STAMFORD, Conn. _ Hexcel Corp. on Monday reported third-quarter profit of $55.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Analysts expected $462 million, according to Zacks.

  • Ikea makes push for growth Monday, 20 Oct 2014 | 2:50 PM ET

    The CEO of Ikea Group, the world's largest furniture chain, is pushing for sales growth, while making its ready-to-assemble furniture more accessible to customers increasingly looking for more convenience. "Customers still would like to sit in the sofa and feel how comfortable it is," Peter Agnefjail, Ikea's president and CEO told The Associated Press in a phone...

  • 11,500 jobs in Sept. cuts Conn.t jobless rate Monday, 20 Oct 2014 | 2:19 PM ET

    HARTFORD, Conn.— Employers in Connecticut added 11,500 jobs in September, cutting the unemployment rate to its lowest in nearly six years, the state Labor Department announced Monday. Andy Condon, the Department of Labor's research director, said some gains were expected, particularly in public education and leisure and hospitality affected by seasonal...

  • Zalkind and Williams, who have a combined experience of more than 20 years in the securities industry, joined Morgan Stanley on Oct. 14 from JPMorgan Chase& Co.. Morgan Stanley also said Robert Phelps had joined its Downtown Louisville, Kentucky office on Oct. 17 from UBS, while Thomas Forma and Kevin Nichols joined its West Hartford, Connecticut office from...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude resumed its decline on Monday, dropping below $86 a barrel as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated...

  • *Fighting in Iraq raises political risk. NEW YORK, Oct 17- Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. "It's corrective," said Andy Lebow at Jefferies LLC.

  • New England raking in millions from leaf peepers Sunday, 19 Oct 2014 | 12:14 PM ET

    Money really does grow on trees in autumn in New England, and all six states are raking it in. "We wanted to get out in the fresh air and see the colors while it's still warm," said Christopher LeBeau, who drove from Connecticut to hike Mount Monadnock. Lingering warm weather is causing leaves to stay on the trees longer in New England.

  • UPDATE 8-Oil bucks downtrend to eek out small gain Friday, 17 Oct 2014 | 3:54 PM ET

    *Fighting in Iraq raises political risk. NEW YORK, Oct 17- Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. "It's corrective," said Andy Lebow at Jefferies LLC.

  • GE sees strong US economy as profit rises Friday, 17 Oct 2014 | 6:45 AM ET

    NEW YORK— General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis. He pointed to pockets of high activity in the developing world, slow growth in Europe and Japan, and strength in the U.S. GE, based in Fairfield, Connecticut, said it...

  • NEW YORK, Oct 16- U.S. Treasuries prices fell on Thursday on profit-taking after the prior day's rally as Wall Street stocks steadied. "We are seeing a giveback from yesterday," said Tyler Tucci, Treasuries strategist at RBS Securities in Stamford, Connecticut.

  • NEW YORK, Oct 16- U.S. Treasuries prices fell on Thursday on profit-taking after the prior day's rally as Wall Street stocks rebounded. "We are seeing a giveback from yesterday," said Tyler Tucci, Treasuries strategist at RBS Securities in Stamford, Connecticut.