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  • CALGARY, Alberta, April 20- Intermediate producer Legacy Oil+ Gas formed a special committee on Monday to deal with hedge fund FrontFour Capital's move to gain seats on its board, the first major case of shareholder activism in Canada's oil patch since last year's sharp drop in crude prices. Calgary- based Legacy, which has assets in the foothills of southern...

  • There's no better place for a Craigslist transaction than Los Lunas police headquarters. Los Lunas is joining the wave of police departments and sheriff's offices around the country that are establishing safe sites for such transactions. There have been robberies, carjackings and even killings that have stemmed from online classified listings in other...

  • WASHINGTON, April 17- U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of inflation that should keep the Federal Reserve on course to start raising interest rates this year. "The data should allay the disinflation concerns that predominated earlier this year and, on the margin, increase the Fed's...

  • Synchrony tops Street 1Q forecasts Friday, 17 Apr 2015 | 9:12 AM ET

    STAMFORD, Conn. _ Synchrony Financial on Friday reported first-quarter profit of $552 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Three analysts surveyed by Zacks expected $2.7 billion.

  • HARTFORD, Conn.— Tim McGraw is defending his decision to headline a Connecticut concert to benefit a Sandy Hook group, responding to critics who call it a gun control fundraiser. A concert at the XFINITY Theatre in Hartford, Connecticut, on July 17 featuring McGraw will benefit Sandy Hook Promise. McGraw said in a statement to The Washington Post on Thursday there...

  • Analyst: Demographic, industry problems weigh on casinos Thursday, 16 Apr 2015 | 12:14 PM ET

    Economic growth will slow as the population of older Americans outpaces younger consumers who are "less enthused" about gambling, turning instead to electronic games or watching online entertainment, Keith Foley, an analyst at Moody's Investors Service, wrote in an investors note. In contrast, Wynn Las Vegas receives more than 60 percent of gross revenue from...

  • Connecticut steps up fight against bootlegged cigarettes Thursday, 16 Apr 2015 | 10:07 AM ET

    HARTFORD, Conn.— Connecticut is stepping up the fight against the trafficking of bootlegged cigarettes from low-tax states into lucrative Northeast markets through New York and Boston ports and along Interstate 95. The state Department of Revenue Services has established a tobacco enforcement unit and is looking to work more closely with New York and other...

  • Webster Financial misses Street 1Q forecasts Thursday, 16 Apr 2015 | 7:42 AM ET

    WATERBURY, Conn. _ Webster Financial Corp. on Thursday reported first-quarter earnings of $49.7 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Webster Financial shares have climbed 12 percent since the beginning of the year.

  • People's United beats Street 1Q forecasts Thursday, 16 Apr 2015 | 7:15 AM ET

    BRIDGEPORT, Conn. _ People's United Financial Inc. on Thursday reported first-quarter earnings of $59.2 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Seven analysts surveyed by Zacks expected $313.9 million.

  • Mohegan Sun discusses possible expansion in South Korea Thursday, 16 Apr 2015 | 6:04 AM ET

    UNCASVILLE, Conn.— The president of the Mohegan Tribal Gaming Authority says tribal officials have met with Korean interests to discuss the possibility of operating a casino near Seoul, South Korea. Robert Soper, president of the parent organization of the Mohegan Sun in Connecticut and Pennsylvania, told The Day that Kevin Brown, chairman of the Mohegan Tribal...

  • Seattle/ Paris April 16- The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway. Sales forces at Airbus Group NV and Boeing Co are fighting for potential orders plane by plane as they seek to keep production going beyond the end of the decade, said other aviation market sources. Airbus has said it is also considering a...

  • And Venezuela's oil minister Asdrubal Chavez met in Caracas with the local ambassadors of eight OPEC members plus Indonesia on Wednesday, the ministry said. Nearly four months of sub- $60 a barrel crude oil prices is weighing heavily on cash-strapped producers such as Venezuela and Russia, who failed to coax OPEC into cutting output last November.

  • *U.S. crude futures hit 2015 peak, May Brent heads to expiry. NEW YORK, April 15- Oil futures rallied and U.S. crude rose 5 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week. Expiring front-month May Brent rose $1.22 to $59.65, having reached $59.95.

  • CONCORD, N.H.— Senate Majority Leader Mitch McConnell's call for governors to defy proposed federal rules to limit pollution has been met with mostly silence, but leaders in downwind New England states and drought-stricken areas in the West are pushing back. Maggie Hassan, also a Democrat, pointed to efforts there, including the Regional Greenhouse Gas...

  • Ex-Millstone contractor asks US to protect whistleblowers Wednesday, 15 Apr 2015 | 6:14 AM ET

    WATERFORD, Conn.— A contractor who said he was fired from Millstone Power Station after he reported a co-worker abusing narcotics in 2011 has asked the Nuclear Regulatory Commission to protect whistleblowers at the nuclear plant. Stephen Lavoie, an insulation contractor, raised the issue Tuesday at the NRC's annual meeting with the Nuclear Energy Advisory...

  • April 14- A federal appeals court on Tuesday lifted an injunction that would have required Wal-Mart Stores Inc to let shareholders vote on a proposal to tighten oversight of its sale of guns with high-capacity magazines. District Judge Leonard Stark that would have required a vote at Wal-Mart's annual meeting in June. The church's proposal would have...

  • April 14- A federal appeals court on Tuesday said Wal-Mart Stores Inc will not be required to let shareholders vote at its annual meeting on a proposal to force tighter oversight of its sale of high-capacity guns. The proposal by Trinity Church, a historic church in downtown Manhattan, would have required Wal-Mart's board to more closely examine the sale of...

  • AUGUSTA, Maine— A Republican state senator is renewing an effort to require that Medicaid and welfare applicants live in Maine for at least six months before receiving benefits even though the U.S. Supreme Court has struck down similar restrictions in other states. Under the measure, applicants in the Temporary Assistance for Needy Families program,...

  • HARTFORD, Conn.— The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut, a project that brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. Bridgewater Associates, which manages some $169 billion, is proposing to overhaul its office buildings and create an...

  • U.S. CEO pay rose nearly 13 pct in 2014 - ISS Tuesday, 14 Apr 2015 | 11:51 AM ET

    The median pay for CEOs in the Connecticut area rose the most at 38.7 percent, while those in the San Francisco saw their median pay increase by 19.5 percent. The median increase for CEOs in the Washington DC area was 15.4 percent. The average CEO pay totaled about $6.43 million in 2014, compared with $5.54 million for the previous year, ISS said.