up to 50,000 high-paying jobs and $5 billion- plus worth of investment. --New Jersey is offering a potential $7 billion in local and state tax credits if the company picks Newark and meets hiring commitments.-- Chicago assembled a committee of political and business leaders to work on its pitch and on Friday released several potential sites including a massive, but...
STORRS, Conn.— A Georgia woman has been arraigned on charges she stole more than $773,000 from the University of Connecticut by hacking into its vendor-payment system. She is being on $500,000 bond and is due back in court on Dec. 1. A UConn spokeswoman says the school's billing vendor and Dell will work to recover the lost funds.
STAMFORD, Conn. _ Synchrony Financial on Friday reported third-quarter earnings of $555 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Four analysts surveyed by Zacks expected $3.78 billion.
NEW YORK— Celebrity chef and restaurateur Bobby Flay says he will close his New York restaurant, Bar Americain, early next year. Flay and his business partner, Laurence Kretchmer, said in a statement that renewing the lease for the brasserie in midtown Manhattan would have required an expensive overhaul of the space. The New York Times reports the restaurant...
--Connecticut glossed over its deepening financial problems and Hartford's potential municipal bankruptcy to push the Stamford and Hartford areas as ideal sites. --The Canadian cities of Toronto, Edmonton and Ottawa, as well as Hamilton, Halifax, Montreal, Sault Ste. Marie, Vancouver, and Windsor submitted bids, according to Reuters' reporting and local media...
BRIDGEPORT, Conn. _ People's United Financial Inc. on Thursday reported third-quarter earnings of $90.8 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. The holding company for People's United Bank posted revenue of $428.5 million in the period.
NEW YORK— Michele Marsh, one of the women who achieved success in the male-dominated television news industry in the late 1970 s and early 1980 s, has died. The popular, five-time local Emmy Award winner was an anchor and correspondent on the CBS and NBC flagship stations in New York City for more than two decades. Marsh, who was born in suburban Detroit and graduated...
WATERBURY, Conn. _ Webster Financial Corp. on Thursday reported third-quarter profit of $64.5 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Six analysts surveyed by Zacks expected $269 million.
SACRAMENTO, Calif.— Top government lawyers representing 19 U.S. states on Wednesday asked a federal judge in California to force the administration of President Donald Trump to make health care subsidy payments that Trump abruptly cut off last week. The states, led by California Attorney General Xavier Becerra, asked a judge in San Francisco for an emergency...
STAMFORD, Conn. _ Hexcel Corp. on Wednesday reported third-quarter earnings of $69.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Hexcel shares have climbed 15 percent since the beginning of the year.
MIDDLETOWN, Conn.— A Connecticut town official accused of shoplifting has applied for a program that would remove the arrest from his record. The Greenwich Time reports Greenwich Selectman Drew Marzullo applied Tuesday for the state's accelerated rehabilitation program. Marzullo was charged with larceny after police say he stole $486 in merchandise from a...
STAMFORD, Conn. _ United Rentals Inc. on Wednesday reported third-quarter net income of $199 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3 per share. United Rentals expects full-year revenue in the range of $6.53 billion to $6.63 billion.
FARMINGTON, Conn. _ First Connecticut Bancorp Inc. on Wednesday reported third-quarter net income of $5.6 million. The bank, based in Farmington, Connecticut, said it had earnings of 35 cents per share. The holding company for Farmington Bank posted revenue of $28.9 million in the period.
ENFIELD, Conn.— Lego has unveiled a set of figures celebrating the women of NASA. A miniature version of Hamilton's workspace at the Massachusetts Institute of Technology as she was programming software for the moon landing is also featured. The set is the brainchild of Maia Weinstock, an MIT employee who proposed a women of NASA collection through the Lego Ideas...
HARTFORD, Conn.— A Connecticut bankruptcy attorney who swindled millions of dollars from his clients has been sentenced to five years and three months in prison. Seventy-year-old Woodbridge resident Peter Ressler pleaded guilty to wire fraud, embezzlement from a bankruptcy estate and bankruptcy fraud. The New Haven Register reports Ressler...
GLASTONBURY, Conn. _ United Financial Bancorp Inc. on Tuesday reported third-quarter net income of $15.2 million. The bank, based in Glastonbury, Connecticut, said it had earnings of 30 cents per share. The holding company for United Bank posted revenue of $68.9 million in the period.
GREENWICH, Conn. _ Interactive Brokers Group Inc. on Tuesday reported third-quarter earnings of $31 million. The company, based in Greenwich, Connecticut, said it had earnings of 43 cents per share. Interactive Brokers shares have climbed 30 percent since the beginning of the year.
NEW YORK— A hedge fund owner's bid to hold the government responsible for an FBI raid that he says ruined his business was lost Tuesday when a federal appeals court rejected his lawsuit. The 2nd U.S. Circuit Court of Appeals in Manhattan said David Ganek cannot hold federal agents and prosecutors liable for the November 2010 raid that preceded the closure three...
Moody's notes how the state has historically provided cities and towns with significant amounts of funding, largely education grants. Moody's says it highlights "the ongoing vulnerability" of funding the state provides its' local governments. The Connecticut Conference of Municipalities says Moody's action will have a devastating impact.
WASHINGTON, Oct 16- The U.S. Supreme Court on Monday agreed to decide whether American Express Co is violating federal antitrust law by forbidding merchants that accept its credit cards from encouraging customers to use rival cards that charge lower fees. The justices will hear an appeal by 11 states led by Ohio that had sued American Express of a 2016 lower...
