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Top News & Analysis Connecticut

  • MASHANTUCKET, Conn.— Authorities say a Connecticut casino mogul has died of heart disease. The state's medical examiner's office says Foxwoods Resort Casino President and CEO Felix Rappaport died Monday at the casino. Before joining Foxwoods, Rappaport worked Station Casinos, Hershey Entertainment and Resort Co. Mirage and Treasure Island.

  • HARTFORD, Conn.— The developer of a school shooting video game condemned by parents of slain children has lost the ability to sell its products online after being dumped by PayPal. Acid Software said Tuesday that purchases of "Active Shooter" were "temporarily disabled" as its representatives tried to resolve the issues with PayPal. The removals followed...

  • June 20- OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales force. The Stanford, Connecticut- based pharmaceutical manufacturer said about half of the affected employees were part...

  • *Risk sentiment hurt as Trump threatens China with new tariffs. *China shares close almost 4 percent lower. NEW YORK, June 19- Global stock markets tumbled and U.S. bond yields fell on Tuesday while the dollar rose as investors flocked to safety in the face of a rapidly escalating U.S.- China trade conflict.

  • BRIDGEPORT, Conn.— People's United Bank has agreed to acquire the holding company for Farmington Bank in a 100 percent stock transaction valued at about $544 million. People's United Financial Inc., the holding company for People's United Bank, announced the agreement to acquire First Connecticut Bancorp Inc. on Tuesday. Farmington, Connecticut- based First...

  • NEW YORK, June 18- Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint filed with the U.S. District Court in Manhattan, Fujifilm accused Xerox of breach of contract and...

  • NEW YORK, June 18- Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint filed with the U.S. District Court in Manhattan, Fujifilm accused Xerox of breach of contract and...

  • *Trump OKs $50 B in tariffs as China vows retaliation. *China trade spat sparks sell-off in U.S. soybean futures. Trump unveiled a 25 percent tariff on a list of strategically important imports from China, including cars, promising further measures if Beijing struck back.

  • June 15- Shares in U.S. steel stocks fell on Friday as investors worried about escalating global trade tensions after President Donald Trump announced hefty tariffs on China. Industrial and materials indexes also ended down, though above their session lows, after the Trump administration said early on Friday it was placing a 25 percent tariff on $50 billion of...

  • BATON ROUGE, La.— A federal judge in Louisiana has sentenced a Connecticut man to 10 years in prison for his conviction on charges he engaged in an identity theft scheme that cost Walmart nearly $1 million. District Judge Brian Jackson sentenced Walter Glenn on Wednesday. Prosecutors say Glenn and others traveled the country and tried to cash more than 800...

  • STAMFORD, Conn. _ Dorian LPG Ltd. on Friday reported a fiscal fourth-quarter loss of $3.5 million, after reporting a profit in the same period a year earlier. The Stamford, Connecticut- based company said it had a loss of 6 cents per share. Dorian LPG shares have risen 3 percent since the beginning of the year.

  • Many others want him to hang tough even as Trump seeks to make political hay with his anti- Canada rhetoric. The spark for the confrontation: Not only did Trump suggest new tariffs against Canada are justified on grounds of national security, but he and top aides assailed Trudeau as a "weak" and dishonest "back-stabber who deserves a place in hell.

  • Acid Software says two websites for the "Active Shooter" game were shut down Tuesday night by Bluehost, a Burlington, Massachusetts, company. Bluehost was urged to remove the sites by Sandy Hook Promise, an anti-gun violence group formed by parents whose children were killed at Sandy Hook Elementary School in Newtown, Connecticut, in December 2012.

  • Their offices sued EPA administrator Scott Pruitt in January, accusing him of ignoring his responsibilities under the federal Clean Air Act to reduce pollution. Koeltl said the EPA acknowledged having missed an August 2017 deadline to arrange plans to reduce smog from Illinois, Michigan, Pennsylvania, Virginia and West Virginia that travels eastward into...

  • HARTFORD, Conn.— The developer of a school-shooting video game is vowing to continue selling it online as parents of slain children and other mass shooting victims work to get the game wiped off the internet. The "Active Shooter" game was created by Anton Makarevskiy, a 21- year-old developer from Moscow, Russia, and is being marketed by his entity Acid Software.

  • Their offices sued EPA administrator Scott Pruitt in January, accusing him of ignoring his responsibilities under the federal Clean Air Act to reduce pollution. Koeltl said the EPA acknowledged having missed an August 2017 deadline to arrange plans to reduce smog from Illinois, Michigan, Pennsylvania, Virginia and West Virginia that travels downwind into...

  • NEW YORK, June 12- U.S. stocks ended slightly higher on Tuesday, boosted by gains in technology and utilities shares, though investors were cautious ahead of the Federal Reserve's policy decision. Investors also awaited a court ruling, which was expected after the closing bell, that would decide the fate of AT&T Inc's $85 billion offer for Time Warner.

  • It names 16 current and former executives and board members, including CEO Craig Landau and members of the Sackler family, which owns Purdue. The lawsuit alleges Purdue deceived patients and doctors about the risks of opioids, pushed prescribers to keep patients on the drugs longer and aggressively targeted vulnerable populations, like the elderly and...

  • BOSTON, June 12- Massachusetts on Tuesday filed a lawsuit against Purdue Pharma LP, accusing the OxyContin maker of illegally promoting the use of opioids, and became the first state to sue the drugmaker's executives and directors to hold them responsible as well. The lawsuit, brought by Massachusetts Attorney General Maura Healey, alleges that Purdue...

  • BOSTON, June 12- Massachusetts on Tuesday filed a lawsuit against Purdue Pharma LP accusing the OxyContin maker of illegally promoting the use of opioids and became the first state to sue the drugmaker's executives and directors to hold them responsible as well. The lawsuit, brought by Massachusetts Attorney General Maura Healey, alleges that Purdue...