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Connecticut

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  • Rogers Corp. posts 1Q profit Wednesday, 29 Apr 2015 | 4:43 PM ET

    ROGERS, Conn. _ Rogers Corp. on Wednesday reported first-quarter earnings of $13.6 million. For the current quarter ending in June, Rogers Corp. expects its per-share earnings to range from 81 cents to 93 cents. Rogers Corp. shares have dropped slightly more than 7 percent since the beginning of the year.

  • *Oil prices up most in April since May 2009. *Wednesday rally sparked by first Cushing crude draw since Nov. NEW YORK, April 29- Oil prices hit the highest this year on Wednesday after the first crude stock draw in five months at the U.S.

  • Eastern posts 1Q profit Wednesday, 29 Apr 2015 | 3:01 PM ET

    NAUGATUCK, Conn. _ Eastern Co. on Wednesday reported first-quarter profit of $874,000. On a per-share basis, the Naugatuck, Connecticut- based company said it had profit of 14 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Committee passes plan that increases Connecticut taxes Wednesday, 29 Apr 2015 | 12:30 PM ET

    HARTFORD, Conn.— The General Assembly's tax committee approved a Democratic plan on Wednesday that would increase personal income tax rates for high-earners, extend Connecticut's sales tax to more services and authorize the gambling game keno. Supporters of the proposal, which cleared the Finance Revenue and Bonding Committee, contend the tax package...

  • *Inventories at Cushing fall for first time since November. Government data showing a smaller-than-expected rise last week in crude inventories throughout the United States also aided sentiment, although some traders felt the market was ignoring bearish elements like higher production. U.S. crude futures were up $1.70 at $58.76 a barrel by 11:58 a.m. EDT,...

  • NEW YORK, April 29- U.S. crude inventories rose last week to hit a record high for the 16th straight week but the build was smaller than expected as supplies at the Cushing, Oklahoma, oil hub declined for the first time since November, data from the Energy Information Administration showed on Wednesday. Crude stocks at Cushing, the delivery point for U.S. crude...

  • NEW YORK— Mayor Bill de Blasio's son, Dante, who starred in one of the most notable political ads in New York City history, will be attending Yale University this fall. She also posted a photo of her smiling son holding a Yale sweatshirt. He was very excited at the caliber of the academic life of Yale.

  • Silgan meets 1Q profit forecasts Wednesday, 29 Apr 2015 | 7:51 AM ET

    STAMFORD, Conn. _ Silgan Holdings Inc. on Wednesday reported first-quarter net income of $33.3 million. For the current quarter ending in June, Silgan expects its per-share earnings to range from 65 cents to 75 cents. Silgan shares have climbed slightly more than 6 percent since the beginning of the year.

  • Starwood Hotels considering strategic options Wednesday, 29 Apr 2015 | 7:35 AM ET

    NEW YORK— Starwood Hotels& Resorts Worldwide says its board of directors will explore "a full range" of strategic and financial options for the hotel company. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Eight analysts surveyed by Zacks expected $1.4 billion.

  • Starwood Hotels tops Street 1Q forecasts Wednesday, 29 Apr 2015 | 7:09 AM ET

    STAMFORD, Conn.— Starwood Hotels& Resorts Worldwide Inc. on Wednesday reported first-quarter net income of $99 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. For the current quarter ending in June, Starwood Hotels expects its per-share earnings to range from 70 cents to 74 cents.

  • Praxair meets 1Q profit forecasts Wednesday, 29 Apr 2015 | 6:13 AM ET

    DANBURY, Conn. _ Praxair Inc. on Wednesday reported first-quarter profit of $416 million. Eight analysts surveyed by Zacks expected $2.96 billion. For the current quarter ending in June, Praxair expects its per-share earnings to range from $1.58 to $1.66.

  • UConn has $115 million plan for Hartford campus move Wednesday, 29 Apr 2015 | 5:31 AM ET

    HARTFORD, Conn.— UConn's Board of Trustees on Wednesday approved a $115 million development plan to relocate its satellite campus in West Hartford to downtown Hartford. That part of the project will cost about $100 million, said Laura Cruickshank, UConn's master planner and chief architect. UConn also plans to have retail shops at street level on the campus.

  • PORTLAND, Maine— A wealthy hedge fund manager who rescued the Portland Press Herald and two other daily newspapers, investing $13 million over the past three years, is selling them to a newspaper executive. Donald Sussman's Maine Values LLC is selling the Portland Press Herald, the Kennebec Journal and the Morning Sentinel, along with the Coastal Journal in Bath,...

  • The six cities, one rural area and one tribal community named by Housing Secretary Julian Castro and Agriculture Secretary Tom Vilsack are:. —Pine Ridge Indian Reservation of the Oglala Sioux Tribe, South Dakota. Besides San Antonio, Philadelphia, Los Angeles, southeastern Kentucky and the Choctaw Nation of Oklahoma were among the first five zones named.

  • Settlement reached in 2003 Connecticut layoff lawsuit Tuesday, 28 Apr 2015 | 4:23 PM ET

    HARTFORD, Conn.— State employee union leaders and State Attorney George Jepsen said Tuesday they have reached a long-awaited legal settlement, ending a federal court battle over former Gov. John G. Rowland's decision to lay off thousands of workers during a 2003 labor contract dispute. While the deal could potentially cost the state tens of millions of dollars,...

  • NEW YORK, April 27- Investors will rake in more than $1 trillion in 2015 as U.S. companies increase stock buybacks and boost dividends, Goldman Sachs Group Inc said, with benefits coming soon as many S&P 500 companies exit a blackout period for repurchases next week. "Corporate activity in early 2015 supports our view that the S&P 500 will return more than $1...

  • Dannel P. Malloy's proposed $100 billion, 30- year overhaul of Connecticut's transportation system. Ben Barnes, Malloy's budget director, offered those and other ideas for the Governor's Transportation Finance Panel to ponder over the coming months. In 2013, Oregon lawmakers passed the first legislation in the U.S. to create such a system, authorizing the...

  • NEW YORK, April 28- A federal judge dismissed claims by former Elan Corp and Wyeth shareholders accusing billionaire investor Steven A. Cohen's SAC Capital Advisors LP of violating federal racketeering law by conducting insider trading in the drugmakers' stocks. District Judge Victor Marrero in Manhattan said the civil claims brought under the Racketeer...

  • Mohegan Sun casinos report boost in 2nd-quarter profit Tuesday, 28 Apr 2015 | 10:02 AM ET

    HARTFORD, Conn.— The parent company of the Mohegan Sun casinos in Connecticut and Pennsylvania reported a strong second quarter Tuesday, as revenue dropped only slightly while profit jumped 56 percent on increased table game popularity and reduced expenses since Mohegan Sun no longer is seeking a Massachusetts casino license after being rebuffed.

  • Aetna has hiked its 2015 forecast beyond analyst expectations after booking a 17- percent jump in first-quarter earnings, as enrollment gains and moderate medical cost growth helped the nation's third-largest health insurer. Aetna said it now expects operating earnings this year to range between $7.20 and $7.40 per share. Company leaders told analysts in...