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Connecticut

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  • 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.

  • Ex-Cendant chairman fails to overturn fraud conviction Tuesday, 23 Jun 2015 | 11:55 AM ET

    NEW YORK, June 23- A federal appeals court on Tuesday refused to overturn the fraud conviction of former Cendant Corp Chairman Walter Forbes for his role in one of corporate America's largest accounting scandals. The 2nd U.S. Circuit Court of Appeals in New York rejected Forbes' argument that a new trial was warranted because newly discovered evidence from a...

  • June 23- U.S. auto safety regulators said on Tuesday their estimate for the millions of vehicles affected by the Takata Corp air bag recall will likely be revised because cars with two front air bags were double-counted. The National Highway Traffic Safety Administration has come under fire for failing early on to catch the defective Takata air bag inflators,...

  • Tired of high state taxes? Maybe it's time to move Tuesday, 23 Jun 2015 | 10:00 AM ET
    Moving van

    A CNBC analysis shows that many states with the highest per capita in taxes are also seeing the most net migration to lower-tax states.

  • NEW YORK, June 22- A new offer by Greece on a reform package to avoid a default on its debts raised hopes that a tangible deal with international creditors was still possible, lifting global stock indexes and the euro on Monday. The ministers agreed to reconvene before the week is over, after Greece thrashed out details with its international creditors the...

  • NEW YORK, June 22- U.S. Treasuries prices tumbled on Monday on optimism Greece would reach a last-minute deal with creditors and after stronger-than-expected U.S. existing home sales data supported expectations of a September Federal Reserve rate hike. "The general theme is obviously more optimistic that Greece will be able to get a near-term deal," said Edward...

  • *Greece concerns boost dollar, weaken oil. *Coming Up: Baker Hughes oil rigs report at 1700 GMT. Market participants will be looking out for oil services firm Baker Hughes' latest weekly reading on the U.S. oil rig count at 1:00 p.m. Eastern time to decide on further direction.

  • *Consumer prices increase 0.4 percent in May. *Core CPI rises 0.1 percent. WASHINGTON, June 18- U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading.

  • *Consumer prices increase 0.4 percent in May. *Core CPI rises 0.1 percent. WASHINGTON, June 18- U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the impact of lower oil prices on inflation probably was fading.