Top News & Analysis Connecticut

  • Feb 16- U.S. printer maker Xerox Holdings Corp is hosting a dinner for HP Inc shareholders this week as it seeks investor support to overcome the personal computer maker's resistance to its $35 billion takeover bid, according to people familiar with the matter. The charm offensive comes after Xerox raised its cash-and-stock bid for HP last week by $2 to $24 per...

  • The Federal Trade Commission earlier this month filed a lawsuit https://www.ftc.gov/news-events/press-releases/2020/02/ftc-files-suit-block-edge w e l l- p e r s o n a l- c a r e- c o m p a n y s- a c q u i s i t i o n to block the acquisition, arguing it would harm competition in the U.S. shaving industry. "We are disappointed by the FTC's decision and continue to disagree...

  • WASHINGTON, Feb 7- U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment. The Labor Department's closely watched monthly employment report on Friday, however, showed the...

  • NEW YORK, Feb 7- The dollar rallied to a four-month high versus a basket of major currencies on Friday, bolstered by a strong U.S. non-farm payrolls report that followed a spate of upbeat economic reports this week, a scenario which should keep interest rates steady for now. However, the dollar fell against the safe-haven yen, but that was more related to fears about...

  • WASHINGTON, Feb 7- A U.S. appeals court on Friday threw out a lawsuit brought by Democratic lawmakers alleging President Donald Trump's overseas business dealings violate the U.S. The three-judge panel said it was bound by U.S. Supreme Court decisions that have limited the ability of individual members of Congress to litigate questions that affect the...

  • WASHINGTON, Feb 7- A U.S. appeals court on Friday threw out a lawsuit brought by Democratic lawmakers alleging President Donald Trump's overseas business dealings violate the U.S. The three-judge panel said it was bound by U.S. Supreme Court decisions that have limited the ability of individual members of Congress to litigate questions that affect the...

  • *U.S. non-farm payrolls show 225,000 job gains. *Euro hurt by poor German data, worst week since November. NEW YORK, Feb 7- The dollar fell against the safe-haven yen on Friday as nagging fears about the latest coronavirus that broke out in China a few weeks ago overshadowed an overall strong U.S. non-farm payrolls report.

  • WASHINGTON, Feb 7- A U.S. appeals court on Friday threw out a lawsuit brought by Democratic lawmakers alleging President Donald Trump's overseas business dealings violate the U.S. The U.S. Court of Appeals for the District of Columbia Circuit said a group of more than 200 Democratic lawmakers lacked legal "standing" to bring the case in the first place.

  • It has also helped it cut costs and compete with industry giants like CVS Health Corp, which bought health insurer Aetna Inc, and UnitedHealth Group Inc's Optum pharmacy benefits unit. The company, which closed its deal for Express Scripts in 2018, said it expects adjusted revenue of between $154 billion and $156 billion in 2020, beating the average analysts'...

  • WASHINGTON, Feb 4- A former sales and marketing executive of Taro Pharmaceutical Industries Ltd, Ara Aprahamian, has been indicted for price-fixing and bid-rigging, among other charges. The Justice Department said that Aprahamian was indicted on Tuesday for participating in two conspiracies to fix generic drug prices between 2013 and 2015..

  • NEW YORK, Feb 4- Oil prices sank about 1% on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from OPEC and its allies. "I think the fear of demand destruction continues to really have the market by its throat," said Gene McGillian, vice president of market research at...

  • Mar-a-Lago Resort

    This is the second security incident at President Donald Trump's Mar-a-Lago resort in Florida that police have investigated this month.

  • Lawsuits on behalf of young consumers have targeted leading e-cigarette maker Juul Labs Inc. Altria, which holds a stake in Juul, said the number of cases pending against the e-cigarette maker has surged by more than 80% since October. The following is a summary of how the litigation is playing out across the United States:. A Connecticut man said in a lawsuit...

  • NEW YORK, Jan 28- OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter. Purdue Pharma, which faces U.S. Justice Department probes and sprawling litigation over allegations that it played a...

  • *U.S. imposes fresh Iran- related sanctions. NEW YORK, Jan 23- Oil prices fell 2% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories. West Texas Intermediate crude ended down $1.15, or 2%, at $55.59 a barrel, after hitting $54.77, its lowest since...

  • KIEV, Jan 16- Ukraine has asked the FBI in the United States for help investigating a suspected cyberattack by Russian military hackers on Burisma, an energy company caught up in the impeachment of U.S. The FBI said it had visited the home and business of Robert Hyde, a Republican congressional candidate in Connecticut who sent the text messages to Lev Parnas, an...

  • Robert Hyde with President Donald Trump.

    The visit came as Ukraine officials said they are investigating Hyde's claims to Lev Parnas, an associate of Trump's lawyer Rudy Giuliani, that he was tracking movements of American ambassador Marie Yovanovitch last summer.

  • KIEV, Jan 16- Ukraine has asked the FBI in the United States for help in investigating a suspected cyberattack by Russian military hackers on the energy company Burisma, a Ukrainian interior ministry official said on Thursday. At the same briefing, the interior ministry also announced an investigation into the possible illegal surveillance of the then...

  • The move marks a strategy reversal for the Greenwich, Connecticut- based company, which grew the business via 17 acquisitions from 2011 to 2015.. XPO bought Con-way, North America's second-largest LTL provider, for $3 billion in 2015.. The company's many rivals also include logistics and transportation companies United Parcel Service Inc and Deutsche Post's...

  • XPO bought Con-way, North America's second-largest LTL provider, for $3 billion in 2015.. Hedge-fund manager Spruce Point Capital Management in a December 2018 report accused the company of using aggressive accounting to hide losses. Nevertheless, Jacobs later told the Wall Street Journal that the resulting share price swoon caused the company to stop...