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  • They also agreed to wind down their AlphaBridge Fixed Income Master Fund and two similarly named "feeder funds," which were all launched in 2001, and Carino accepted a three-year ban from the securities industry, the SEC said. Instead, the SEC said the defendants by 2010 were generating those valuations themselves, and encouraging broker-dealers to pass them...

  • The civil antitrust investigation by the Justice Department appears to focus on whether airlines illegally signaled to each other how quickly they would add new flights, routes and extra seats. Justice Department spokeswoman Emily Pierce confirmed that the department is looking into potential "unlawful coordination" among some airlines.

  • HARTFORD, Conn.— Union workers at General Electric Co. have ratified contracts that increase compensation by $15,500 over four years, hold the line on health care contributions next year, provide pension improvements and make other changes. The agreements at the Fairfield, Connecticut- based company call for three cash payments totaling $8,000, four...

  • The cases, in Connecticut and Arizona, involve crackdowns on advantage players who say they use card-counting or other methods that shift the odds in their favor, but generally are not illegal. "You do not have a level playing field," said Stanford Wong, a Las Vegas- based gambling expert who advises readers of his newsletters to be aware that tribal properties are...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL to gain presence in Connecticut, Massachusetts, Maine and New York as part of an expansion plan in...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL, a company with presence in Connecticut, Massachusetts, Maine and New York, to expand in the United...

  • NIANTIC, Conn.— A third correction officer has been charged with sexually assaulting an inmate inside Connecticut's prison for women. Forty-seven-year-old Jeffery Bromely, of Niantic, and 44- year-old Matthew Gillette, of Groton, were charged earlier this year and have since been fired. He is due in Superior Court on July 16.

  • 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...

  • California tribe eyes bid for gun maker Colt Tuesday, 30 Jun 2015 | 1:00 PM ET

    "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...

  • As Christie eyes White House, New Jersey wants jobs Tuesday, 30 Jun 2015 | 11:32 AM ET

    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...