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  • Foxwoods hiring of convict challenged in court Thursday, 18 Dec 2014 | 9:52 AM ET

    MASHANTUCKET, Conn.— The felony conviction of a former Mashantucket Pequot Tribal Nation official should have kept him from receiving a management job at the tribe's Foxwoods Resort Casino, an attorney for another tribal member argued Thursday. The former tribal councilor, Steven Thomas, received the personnel position at the country's largest casino last...

  • Connecticut DMV won't allow three-wheeled vehicle Thursday, 18 Dec 2014 | 5:56 AM ET

    HARTFORD, Conn.— The Connecticut Department of Motor Vehicles has rejected an attempt to vehicle maker Polaris to have its three-wheeled Slingshot classified as a motorcycle. Polaris was seeking the designation to allow owners to register the vehicles and use them on Connecticut roads. The Waterbury Republican-American reports the DMV sent a letter to...

  • US travel industry carefully eyeing Cuba tourism Wednesday, 17 Dec 2014 | 12:11 PM ET

    NEW YORK— Cuba was once a haven for sun-seeking American tourists. President Barack Obama's announcement Wednesday of plans to re-establish diplomatic ties with Cuba doesn't suddenly lift the ban on U.S. tourism. "Cuba is the largest country in the Caribbean, so there's some exciting possibilities," said Roger Frizzell, spokesman for Carnival Corp. He said "some...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • 113th Congress ends with more fights than feats Wednesday, 17 Dec 2014 | 1:16 AM ET

    WASHINGTON— The tempestuous 113th Congress has limped out of Washington for the last time, capping two years of modest and infrequent legislating that was overshadowed by partisan clashes, gridlock and investigations. That was the fewest since at least 1947 and 1948, when what President Harry Truman dubbed "the do-nothing Congress" enacted over 900 laws.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Raimondo picks nominee for new commerce secretary Tuesday, 16 Dec 2014 | 2:03 PM ET

    PROVIDENCE, R.I.— Gov.-elect Gina Raimondo announced Tuesday she will nominate Connecticut's education commissioner to be Rhode Island's first commerce secretary. Raimondo said Stefan Pryor has the experience and drive to help her lead the state's comeback, and she will ask the Senate to confirm him. Malloy said he has the "utmost confidence" that Pryor brings...

  • Metro-North gets record fine in retaliation case Tuesday, 16 Dec 2014 | 12:32 PM ET

    HARTFORD, Conn.— The Metro-North-Railroad has been ordered to pay a record fine of more than $250,000 to an employee who faced disciplinary action after he reported getting injured on the job, the U.S. Labor Department said Tuesday. The Occupational Safety and Health Administration said the punitive damages are the highest ever in a retaliation case under the...

  • FactSet misses 1Q profit forecasts Tuesday, 16 Dec 2014 | 7:09 AM ET

    NORWALK, Conn. _ FactSet Research Systems Inc. on Tuesday reported fiscal first-quarter earnings of $55.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share. Analysts expected $241.7 million, according to Zacks.

  • FuelCell Energy reports 4Q loss Monday, 15 Dec 2014 | 5:45 PM ET

    DANBURY, Conn. _ FuelCell Energy Inc. on Monday reported a loss of $4.7 million, or 2 cents per share, in its fiscal fourth quarter. The company, based in Danbury, Connecticut, posted revenue of $54.4 million in the period. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Oil prices fall to five-year lows on OPEC output decision. An early rebound in oil prices faded after OPEC exporters said they would not cut production despite worries about a supply glut. That's weighed on stocks and put a bid back in Treasuries, "said Ian Lyngen, senior government bond strategist at CRT Capital Group in Stamford, Connecticut.

  • *Oil prices fall to fresh five-year lows on OPEC output decision. An earlier rebound in oil prices faded after OPEC exporters said they wouldn't cut production despite worries about a supply glut. That's weighed on stocks and put a bid back in Treasuries, "said Ian Lyngen, senior government bond strategist at CRT Capital Group in Stamford, Connecticut.

  • *Oil price plunge knocks Norway, Canadian dollar lower. NEW YORK, Dec 12- The U.S. dollar cut its losses against the euro, extended gains against the yen and reached an 11- year high against the Norwegian crown on plunging oil prices and stronger-than-expected U.S. economic data on Friday. U.S. consumer sentiment rose to an eight-year high in December, above...

  • Attorney Preet Bharara's Wall Street crackdown. The 2nd U.S. Circuit Court of Appeals in New York said prosecutors presented insufficient evidence to convict Todd Newman, a former portfolio manager at Diamondback Capital Management, and Anthony Chiasson, co-founder of Level Global Investors. That establishes a tougher standard that could make future...

  • NEW YORK, Dec 10- Oil prices tumbled 5 percent on Wednesday, pushing U.S. crude to five-year lows near $60 a barrel after data showed a spike in U.S. inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output. Saudi Oil Minister Ali al-Naimi, on a visit to Peru, shrugged off suggestions that the kingdom might cut output, sticking to his...

  • WASHINGTON, Dec 9- A former Connecticut resident and Chinese citizen who allegedly worked on the F135 engine was charged with trying to take sensitive documents about military technology to China, according to a criminal complaint unsealed on Tuesday. Yu Long was en route to China in November via Newark Liberty International Airport in New Jersey where...

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is winding down in its current form, laying off some U.S. employees and pursuing a sale of some overseas operations, sources said on Tuesday. The divestment by Occidental Corp, which bought Westport, Connecticut- based Phibro from Citigroup Inc five years ago, will allow Hall...

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is said to be shutting down, with Hall focusing on his multibillion-dollar hedge fund, according to sources and reports on Tuesday. Westport, Connecticut- based Phibro, owned by Occidental Corp, is set to "close shop," according to two market sources who were told of the closure.

  • *Brent hits low of $65.29/ barrel before rebounding. NEW YORK, Dec 9- Brent prices were up on Tuesday after a 5- year low and five straight days of losses and U.S. crude also rose as players sought a sustainable price for oil in a market haunted by oversupply concerns. Brent was up 57 cents at $66.76 a barrel by 11:53 a.m. EST after falling as low as $65.29, its weakest...

  • TREASURIES-Prices steady ahead of ECB, U.S. jobs data Wednesday, 3 Dec 2014 | 10:49 AM ET

    NEW YORK, Dec 3- U.S. "The market is pretty much in lockdown mode," said Eric Green, head of U.S. rates and research at TD Securities in New York. European Central Bank policymakers meet on Thursday and may announce asset buying, interest rate changes or other policy moves meant to help Europe's slumping economy.