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  • Crane meets 4Q profit forecasts Monday, 26 Jan 2015 | 5:24 PM ET

    STAMFORD, Conn. _ Crane Co. on Monday reported fourth-quarter profit of $56.2 million. On a per-share basis, the Stamford, Connecticut- based company said it had profit of 95 cents. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.13 per share.

  • Most major U.S. carriers said they would allow passengers ticketed to, from or through the Northeast on Monday or Tuesday to change their plans without getting hit by a reservation-change fee, typically $200. Home Depot said it's seeing high demand for shovels, salt, snow throwers and other suppliers throughout the mid-Atlantic up through New England.

  • HARTFORD, Conn.— United Technologies Corp. on Monday reported fourth-quarter earnings that topped Wall Street expectations but trimmed its forecast for 2015 citing the impact of the strong dollar and pension costs. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share. United Technologies lowered its...

  • UPDATE 4-Northeast U.S. braves 'crippling' blizzard Monday, 26 Jan 2015 | 4:08 PM ET

    New York, New Jersey, Connecticut and Massachusetts declared states of emergencies as tens of millions of people were urged to stay home with transit systems suspending services. The potentially historic storm poses the latest challenge to New York City Mayor Bill de Blasio, who has been under fire in recent weeks from police who criticized his support of...

  • The National Weather Service issued a blizzard warning for New York City and surrounding areas between coastal New Jersey and Connecticut, beginning 1:00 p.m. EST on Monday and worsening overnight into Tuesday morning. It warned of two days of winter storms across the East Coast, from Pennsylvania to Maine. "Crude is getting some help from supportive heating...

  • NEW YORK, Jan 26- U.S. oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast, while benchmark Brent crude fell after pledges of no policy change by the top oil exporter Saudi Arabia after King Abdullah's death. The National Weather Service issued a blizzard warning for New York City and surrounding areas between...

  • WETHERSFIELD, Conn.— Connecticut employers added 4,800 jobs in December, helping push down the unemployment rate a notch, to 6.4 percent, the state Department of Labor announced Monday. Connecticut's employment increased by 26,700 jobs since December 2013, to nearly 1.7 million. "Connecticut finishes 2014 on an encouraging note with more than 80 percent of...

  • Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd U.S. Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases. The challenges raise the possibility that the 2nd Circuit decision, legally binding only in New York,...

  • The "Freewheel" phone service, which runs on any WiFi connection, is an attempt by Cablevision to retain and potentially add subscribers at a time when cable companies are losing out to lower-priced, bundled TV and Internet services from telecom firms. Cablevision said the phone service was the first of its kind to be launched by a cable company and aims to tap...

  • NYC mayor: Storm could be biggest ever to hit city Sunday, 25 Jan 2015 | 1:19 AM ET

    NEW YORK— A winter that has largely spared the Northeast thus far is about to arrive with gusto: a storm the National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and Boston. New York City, Boston and Connecticut should expect whopping snow totals of up to 2 feet, he said. "Looks like our luck is about to run out," said John...

  • GRANTS PASS, Ore.— Fresh off a victory in Washington state, a leading gun control group backed by billionaire Michael Bloomberg is hoping to make Oregon its next prize in a campaign to require gun sales to go through universal background checks. Part of that was devoted to strengthening the Democratic majority in the state Senate, the key battleground.

  • Attorney Preet Bharara filed the petition late Friday asking the 2nd U.S. Circuit Court of Appeals to reconsider its Dec. 10 decision to overturn the convictions of Anthony Chiasson and Todd Newman, saying that the ruling "threatens the effective enforcement of the securities laws." Chiasson co-founded Greenwich, Connecticut- based Level Global Investors.

  • NEW YORK, Jan 23- Connecticut governor Dannel Malloy ordered a second round of spending cuts in two months on Friday, slicing $31.5 million more from the state's $20 billion budget as officials warned of "very tough choices" ahead. The move was aimed at closing a $31.6 million projected deficit this fiscal year that Connecticut's chief financial watchdog...

  • Connecticut governor announces $31.5M in budget cuts Friday, 23 Jan 2015 | 4:23 PM ET

    Dannel P. Malloy on Friday announced $31.5 million in spending cuts, making a second round of reductions to address a projected budget deficit of more than $120 million. Malloy's budget director, Ben Barnes, said he might need to take further steps to keep the budget in balance. The new round of cuts includes $6 million expected from the Judicial Branch, $2.3...

  • HARTFORD, Conn.— Connecticut's population decreased slightly from July 2013 to July 2014 as about 26,000 more people moved out of state than moved in, according to U.S. Census Bureau estimates. The overall population drop of 2,664 people during that period, which includes births, deaths and international migration, was the first time Connecticut's population...

  • NEW YORK, Jan 23- U.S. Treasury yields fell on Friday as European government bond yields dropped to record lows, a day after the European Central Bank said it would launch new stimulus in an effort to boost sagging regional growth and stave off deflation. "We're trading higher in sympathy with what's going on in Europe," said Ian Lyngen, senior government bond...

  • HARTFORD, Conn.— A Connecticut brewery will no longer use the name and likeness of Mohandas Gandhi on one of its beers following complaints that the marketing was offensive, a state lawmaker said Friday. The label on New England Brewing Co.' s Gandhi-Bot India pale ale has a cartoon image depicting a robot version of the late Indian leader, who favored prohibition.

  • NEW YORK, Jan 23- U.S. Treasury yields fell on Friday as European government bond yields fell to record lows, a day after the European Central Bank said it would launch new stimulus in an effort to boost sagging regional growth and stave off deflation. "We're trading higher in sympathy with what's going on in Europe," said Ian Lyngen, senior government bond strategist...

  • NEW YORK, Jan 23- Joe and Debbie Valerio, a couple in their 60 s, put their Westport, Connecticut, home of more than 20 years on the market because it was getting too big for them. That set off a chain reaction allowing Peter and Leah Baiocco, a couple in their 30 s, the ability to trade up. After renting it out for nearly a year, the Baioccos' starter house in Fairfield,...

  • GE beats 4Q profit forecasts Friday, 23 Jan 2015 | 6:48 AM ET

    FAIRFIELD, Conn.— General Electric Co. on Friday reported fourth-quarter net income of $5.15 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Analysts expected $42.4 billion, according to Zacks.