Top News & Analysis Connecticut

  • NEW YORK, March 20- Bayer AG had hoped a new trial strategy focusing jurors on scientific evidence could stem a burgeoning tide of U.S. lawsuits over its glyphosate-based weed killer Roundup, but a second jury finding on Tuesday that the product caused cancer has narrowed the company's options, some legal experts said. Bayer shares tumbled more than 12 percent on...

  • In November, Reuters reported that federal prosecutors had launched a criminal investigation into Hyundai and Kia to determine if vehicle recalls linked to engine defects had been conducted properly. Hyundai and Kia said they were cooperating with the investigation. Hyundai added that it had improved its "engine manufacturing" and was reaching out to...

  • March 18- A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday. In November, Reuters reported that federal prosecutors had launched a criminal investigation into Hyundai and Kia to determine...

  • In November, Reuters reported that federal prosecutors had launched a criminal investigation into Hyundai and Kia to determine if vehicle recalls linked to engine defects had been conducted properly. Hyundai and Kia did not immediately respond to a request for comment. In 2015, Hyundai recalled 470,000 U.S.

  • March 15- Dominion Energy Inc said on Friday that it reached a 10- year agreement with Connecticut utilities that will keep the state's only nuclear power station in service. Millstone produces about half of the electricity in Connecticut and around 98 percent of its carbon-free energy, making the plant key to meeting the state's aggressive carbon reduction...

  • TOKYO/ SYDNEY/ NEW YORK, March 12- When TAL Education Group, a mid-sized tutoring services firm in China, reported a three-fold increase in its 2018 third-quarter net income earlier this year, few people made much of it. For Brendan Ahern, the New York- based chief investment officer at Krane Funds Advisors, TAL's results showed that, while China may be showing signs of...

  • March 8- OxyContin maker Purdue Pharma LP and two other drugmakers on Friday lost a bid to delay a landmark trial set for May in a multibillion-dollar lawsuit by Oklahoma's attorney general accusing them of helping fuel an opioid abuse and overdose epidemic in the state. Cleveland County District Judge Thad Balkman's decision was a win for the state, even as one...

  • March 8- OxyContin maker Purdue Pharma LP and two other drugmakers on Friday lost a bid to delay a landmark trial set for May in a lawsuit by Oklahoma's attorney general accusing them of helping fuel an opioid abuse and overdose epidemic in the state. Cleveland County District Judge Thad Balkman's decision was a win for the state, even as one of its lawyers said...

  • NEW YORK, March 8- Oil prices fell about 1 percent on Friday after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil. With surging U.S. oil supply also unsettling markets, Brent crude futures fell 56 cents, 0.8 percent, to settle at $65.74 a barrel. West Texas Intermediate crude futures fell 59 cents, or 1 percent, to...

  • NEW YORK, March 8- Oil prices fell more than 2 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil. With surging U.S. oil supply also unsettling markets, Brent crude futures fell $1.44, or 2.2 percent, to $64.86 a barrel by 1:03 p.m. EST.

  • WASHINGTON, March 5- U.S. Food and Drug Administration Commissioner Scott Gottlieb said on Tuesday that he plans to step down next month, a sudden resignation that calls into question how the agency will handle issues such as surging e-cigarette use among teens and efforts to increase competition in prescription drugs. "Scott's leadership inspired historic...

  • NEW YORK, March 5- Bank of America Corp and Royal Bank of Scotland Group Plc have been sued by investors in the United States over their alleged roles in a conspiracy among eight banks to rig prices in the $9.4 trillion European government bond market. The proposed class-action complaint accusing the banks of violating federal antitrust law was filed on Monday...

  • March 4- OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drugmaker contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday. "We will oppose any attempt to avoid our claims, and will continue...

  • CAMPO NOVO DE RONDONIA, Brazil, March 3- Ten days after Brazil's right-wing President Jair Bolsonaro took office, dozens of men entered protected indigenous land in a remote corner of the Amazon, hacking a pathway beneath the jungle canopy. Inspired by Bolsonaro's vow to open more native territory to commercial development, the men, armed with machetes,...

  • *OPEC, allies to maintain oil output cuts despite Trump- source. *Prices helped by OPEC cuts, U.S. sanctions. NEW YORK, Feb 26- Oil futures rose slightly on Tuesday after news that OPEC planned to continue production cuts despite comments from U.S.

  • NEW YORK, Feb 26- Wall Street's three major indexes fell slightly after a choppy session on Tuesday as investors eyed mixed U.S. economic data and corporate news and waited for clarity on issues such as the U.S.- China trade talks. Weaker-than-expected housing data contrasted with a rosy consumer confidence report, while Home Depot Inc was among the biggest...

  • *OPEC, allies to maintain oil output cuts despite Trump- source. *Prices helped by OPEC cuts, U.S. sanctions. NEW YORK, Feb 26- Oil futures inched up on Tuesday after news that OPEC would continue production cuts despite comments from U.S.

  • NEW YORK, Feb 15- Optimism about a U.S.- China trade agreement has helped drive U.S. stocks to more than two-month highs, creating a make-or-break moment for Wall Street as a year-long clash between the world's two largest economies comes to a head. And if the United States and China reach a deal, market professionals say clarity after the lengthy dispute should...

  • CHICAGO, Feb 14- Social Security is one of those topics that spark a lot of questions. The system has some complexities, but people are curious for a simple reason: Social Security is our universal retirement program. This week, I had the opportunity to field questions about Social Security on C-SPAN's Washington Journal.

  • *Cat Rock says Just Eat would attract strategic interest. *Cat Rock says Takeaway.com CEO intends to consolidate. In a letter to the Just Eat board, it cited Takeaway.com CEO Jitse Groen as saying that the UK was one of the best markets in Europe and that he intended to be active in consolidation.