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Connecticut

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  • PrimeEnergy posts 1Q profit Thursday, 14 May 2015 | 1:48 PM ET

    STAMFORD, Conn. _ PrimeEnergy Corp. on Thursday reported first-quarter earnings of $13,000. On a per-share basis, the Stamford, Connecticut- based company said it had net income of less than 1 cent. PrimeEnergy shares have declined 23 percent since the beginning of the year.

  • NEW YORK, May 14- Increasing expectations the U.S. Federal Reserve will hold off raising interest rates until September at the earliest boosted Wall Street on Thursday and drove the dollar to near its lowest level since January. "People are pretty focused on the weak numbers for the U.S.," said David Gilmore, partner at Foreign Exchange Analytics in Essex,...

  • *Treasury yields fall, oil slips. NEW YORK, May 14- The U.S. dollar was near its lowest since January against a currency basket on Thursday after a lower-than-expected reading of U.S. producer price inflation, while global stock markets rose. "People are pretty focused on the weak numbers for the U.S.," said David Gilmore, partner at Foreign Exchange Analytics in Essex,...

  • NEW YORK, May 14- The U.S. dollar held near its lowest since January against a currency basket on Thursday after downward U.S. producer price data challenged hopes for better U.S. economic growth and supported the view that the Federal Reserve would delay hiking interest rates. "People are pretty focused on the weak numbers for the U.S.," said David Gilmore, partner at...

  • YOUR MONEY-How much should you give as a wedding gift? Thursday, 14 May 2015 | 8:00 AM ET

    BOSTON, May 14- When you go to as many weddings as Stephanie Wong does, you need to come up with some guidelines for gift-giving. During the past two years, Wong, 32, who works in marketing for a book publisher in San Francisco, has been to about a half-dozen weddings. She offers these guidelines to wedding-goers wherever they might be: A distant relative or co-worker...

  • Loxo reports 1Q loss Thursday, 14 May 2015 | 6:51 AM ET

    STAMFORD, Conn. _ Loxo Oncology Inc. on Thursday reported a loss of $6.2 million in its first quarter. On a per-share basis, the Stamford, Connecticut- based company said it had a loss of 38 cents. Keywords: Loxo Oncology, Earnings Report.

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...

  • Amtrak to operate system that might have prevented crash Thursday, 14 May 2015 | 12:41 AM ET

    WASHINGTON— The deadly Amtrak derailment near Philadelphia appears to be yet another accident that didn't have to happen. On Thursday, Amtrak President Joseph Boardman said the nation's passenger railroad will begin operating the technology, called positive train control, throughout its busy Northeast Corridor by the end of the year.

  • Connecticut fund executive faces new SEC fraud charges Wednesday, 13 May 2015 | 4:03 PM ET

    The SEC said Ahmed induced his Greenwich, Connecticut- based firm into overpaying for investments in two Asian e-commerce companies, and pocketing $20 million for himself. The SEC wants Ahmed to give up illegal gains and pay a civil fine. The SEC brought related civil charges.

  • A three-judge panel of the 2nd U.S. Circuit Court of Appeals had plenty of questions for a prosecutor as it conducted oral arguments in an appeal by Jesse Litvak, a bond trader on the Stamford, Connecticut, trading floor at Jefferies& Co. Inc.. "We're not criminalizing making money here," Francis said as he was questioned by judges Barrington D. Parker, Susan L. Carney...

  • USDA rules will require safety labels on tenderized beef Wednesday, 13 May 2015 | 3:35 PM ET

    The Agriculture Department said Wednesday the labels will be required starting in May 2016. USDA predicts that the new labels and cooking instructions could prevent hundreds of illnesses annually. "This common-sense change will lead to safer meals and fewer foodborne illnesses," said Al Almanza, head of USDA's Food Safety and Inspection Service.

  • HARTFORD, Conn.— With just three weeks remaining in this year's General Assembly session, top Democratic lawmakers said Wednesday they're optimistic much of their work will be finished in time, including a compromise with Gov. Dannel P. Malloy on a new two-year budget. Senate Majority Leader Bob Duff said he also is hopeful a revised bill that could allow new...

  • NEW YORK, May 13- A federal appeals court on Wednesday signaled a willingness to overturn part or all of the conviction of a former Jefferies Group Inc trader accused of defrauding investors after the financial crisis by lying about mortgage bond prices. In weighing Jesse Litvak's appeal in the closely watched case, the 2nd U.S. Circuit Court of Appeals in New...

  • NEW YORK, May 13- A federal appeals court on Wednesday signaled a willingness to overturn part or all of the conviction of a former Jefferies Group Inc trader accused of defrauding investors after the financial crisis by lying about mortgage bond prices. In weighing Jesse Litvak's appeal in the closely watched case, the 2nd U.S. Circuit Court of Appeals in New...

  • May 13- A Massachusetts lawyer has admitted to trading on inside information about American Superconductor Corp that a fellow golfer was told in confidence by an executive, his attorney said on Wednesday. Douglas Parigian, 56, pleaded guilty on Tuesday to conspiracy and securities fraud charges after a federal judge in Boston refused to dismiss the case in...

  • NEW YORK, May 12- U.S. Treasuries were steady on Tuesday as some buyers came back to the market, helping the government sell $24 billion in new three-year notes, the first sale of $64 billion in new supply this week. "We saw some real money buying off the lows this morning," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • NEW YORK, May 12- German bond yields spiked on Tuesday, generating demand for European currencies, while volatility in global bond markets weighed on stock indexes around the world. U.S. 10- year Treasury yields hit their highest in six months before reversing course. The Treasury is due to sell $24 billion in three-year notes on Tuesday, $24 billion in 10- year...

  • NEW YORK, May 12- U.S. "It feels like market participants are unwilling to stand in the way of the move," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. The Treasury is due to sell $24 billion in three-year notes on Tuesday, $24 billion in 10- year notes on Wednesday and $16 billion in 30- year bonds on Thursday.

  • May 11- Castleton Commodities International will buy Morgan Stanley's physical oil business, vaulting the Connecticut- based merchant into the big leagues of global crude and fuel traders. Neither Morgan Stanley nor Castleton released terms of the deal, but analysts estimated the deal to be valued at slightly more than $1 billion. The deal will not be material...

  • NEW YORK, May 11- Oil edged lower on Monday on signs that a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields. Still, the U.S. Energy Information Administration expects output from the fastest-growing U.S. shale plays to drop 71,000 barrels...