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Connecticut

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  • 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...

  • Bristol-Myers Squibb to shift research jobs Thursday, 25 Jun 2015 | 10:59 AM ET

    HARTFORD, Conn.— Bristol-Myers Squibb Co. will expand its presence in research centers in Cambridge, Massachusetts, and San Francisco, as it cuts jobs in Connecticut, the biopharmaceutical company announced Thursday. The New York- based company will open a research site in Cambridge— home to the Massachusetts Institute of Technology and Harvard— in 2018 and...

  • Subway CEO's sister named president of sandwich chain Thursday, 25 Jun 2015 | 8:55 AM ET

    NEW YORK— Suzanne Greco will officially take over as president at Subway as her brother, the co-founder of the sandwich chain, is treated for leukemia. Subway, which is based in Milford, Connecticut, and has about 44,000 locations around the world, is privately held and doesn't disclose its financial results. Subway said at the time that its senior management team...

  • STORRS, Conn.— Connecticut's economic growth has evaporated, a University of Connecticut report said Thursday. Data from the U.S. Commerce Department previously said Connecticut's rising economy from 2012 to 2013 was second only to Massachusetts in the Northeast. But government data released June 10 shows Connecticut's economy grew 0.6 percent last year, or...

  • Malloy: Enough support to roll back computer tax increase Wednesday, 24 Jun 2015 | 3:45 PM ET

    Dannel P. Malloy said Wednesday there is ample support in the General Assembly to roll back one of the most contentious business taxes in the Democratic state budget. He has proposed scaling back $224 million of the $1.5 billion in tax increases in the two-year, $40.3 billion budget that narrowly passed the General Assembly on June 3. The General Assembly is...

  • Connecticut surgery centers worried about tax proposal Wednesday, 24 Jun 2015 | 2:38 PM ET

    HARTFORD, Conn.— Operators of surgery centers across Connecticut are working to persuade state lawmakers to scrap a new tax in the Democratic budget they claim will prompt some facilities to close. The Connecticut Association of Ambulatory Surgery Centers says about 15 of the group's 61 member centers will be forced to close if the 6 percent "provider tax"...

  • Navy celebrates once-secret sub now on display in museum Wednesday, 24 Jun 2015 | 11:55 AM ET

    GROTON, Conn.— A once-secret submarine in U.S. military research and expeditions is being celebrated for its advanced technology, exploration of the ocean floor and role as a workhorse. The nuclear-powered NR-1 launched in 1969, the same year the U.S. put a man on the moon, and was taken out of service in 2008. It is now on display, minus some of its parts, at Submarine...

  • Republicans push back against proposed dietary guidelines Wednesday, 24 Jun 2015 | 11:16 AM ET

    House and Senate spending bills say the guidelines must focus only on nutrition and diet. That's a clear effort to thwart a recommendation by the Dietary Guidelines Advisory Committee that eating a diet higher in vegetables and other plant-based foods is better for the environment than eating a diet based more on foods from animals. The departments of...

  • TREASURIES-Prices rebound on setback in Greek debt talks Wednesday, 24 Jun 2015 | 10:26 AM ET

    *Greece's lenders demand improved reform measures. Greece's international lenders demanded that it improve proposed tax and reform measures in a last-minute race to clinch a deal to unlock aid and avert a debt default next week. "We are getting to the point where it's do or die, take it or leave it, and I think what you're seeing today is that there's growing fear...

  • Massachusetts' first slots parlor is open for business Wednesday, 24 Jun 2015 | 2:03 AM ET

    PLAINVILLE, Mass.— Massachusetts jumped into the casino game Wednesday as the state's first slots parlor opened for business to a large and eager crowd of gamblers. state Gaming Commission Chairman Stephen Crosby declared, calling it a "momentous" day for Massachusetts, which became the 40th state to offer casino gambling. Massachusetts has been lagging way...

  • *Wall Street stocks end slightly higher. Overseas, Greece presented new proposals on Monday that euro zone leaders welcomed as a basis for a possible agreement to unlock aid and avert default and a potential exit from the euro. "The market seems to expect that this will end favorably, or at least benignly, but I think people need to be nimble right now as...

  • The agency's head used a Senate hearing on Tuesday to again make the case for more funding, arguing the NHTSA has been overwhelmed by a record-setting run of large-scale safety recalls, including replacing about 34 million potentially defective airbag inflators made by Takata Corp.. Lawmakers of both parties, however, said the agency needs to reform itself...

  • NEW YORK, June 23- U.S. stocks ended with slight gains on Tuesday, with the Nasdaq eking out another record close while investors continued to await clarity on whether Greece could reach a deal to prevent defaulting on its loans. Greece needs fresh funds to avoid defaulting on a $1.8 billion debt repayment to the International Monetary Fund on June 30.