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Top News & Analysis Connecticut

  • Paul, an iconoclast who often defies the party's Senate leadership, said he planned to offer an amendment to get rid of an Obamacare requirement known as the individual mandate, which requires Americans to pay a penalty if they do not obtain health insurance. While the House and Senate tax plans differ in some ways, they both call for slashing tax rates on...

  • HARTFORD, Conn., Nov 14- A lawyer for families who lost loved ones in the 2012 Sandy Hook school shooting told Connecticut's highest court on Tuesday that Remington Outdoor Co should be held responsible because its military-themed marketing was designed to appeal to young men like killer Adam Lanza. Lanza, 20, used a Remington AR-15 Bushmaster rifle, a...

  • Nov 14- Germany's Bayer has bought the rights to jointly develop and commercialize two of Loxo Oncology's targeted cancer therapies in a deal that could earn the U.S. drug developer up to $1.55 billion in the next few years. Loxo is also eligible to receive $450 million and $200 million for each of the two drugs in milestone payments once the treatments are...

  • Nov 14- Loxo Oncology will collaborate with Germany's Bayer to develop and commercialize two of its cancer therapies, the companies said, in a deal that could bring the U.S. drug developer up to $1.55 billion over the next few years. But shares of Stamford, Connecticut- based Loxo, which have risen 159 percent so far this year, fell 6.5 percent to $77.80 in premarket...

  • HARTFORD, Conn., Nov 14- Connecticut's highest court is set to hear arguments on Tuesday in a closely watched case brought by the families of the victims of the 2012 Sandy Hook Elementary School shooting against the maker of the assault rifle used by the killer. The families of nine of the victims and one survivor have said manufacturer Remington Arms Company Inc,...

  • Nov 13- Travelers Cos Inc plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer assesses risks in the segment, its head of specialty insurance said on Monday. "We feel like were just in the right spot," Thomas Kunkel, the insurer's president...

  • Nov 13- Travelers Cos Inc is not looking to expand its cyber insurance business and must be "respectful and prudent" about the risks involved, the head of its specialty insurance practice said on Monday. "We feel like were just in the right spot," said Thomas Kunkel, the company's president of bond and specialty insurance, during an investor meeting in Connecticut.

  • House Ways and Means Committee Chairman Kevin Brady said he guaranteed the deduction would not be entirely scrapped in a final tax bill that emerges from dueling plans already unveiled by Republicans in the House and the Senate. Other sticking points include a proposal by the Senate to delay implementation of a cut in the corporate tax rate and a House plan to...

  • The current federal deduction for state and local income and sales taxes, or SALT, is a main difference between the House version of a tax reform plan and a Senate proposal revealed last week. Brady drew his battle lines on the entire elimination of the SALT deduction, a major concern for taxpayers in high-tax, typically Democratic-leaning states such as...

  • NEW YORK, Nov 9- As soon as the House of Representatives' proposed tax reform bill had hit the news, divorce lawyer Malcolm Taub's phone started to buzz. While alimony is getting statistically rarer, Taub said it still figures into most of the divorces he works on in his New York- based practice. Some 12 million tax returns claimed a deduction for paying alimony in...

  • WASHINGTON, Nov 9- U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax. The Senate's timetable was less clear, with a formal bill yet to be drafted in that chamber, where...

  • WASHINGTON, Nov 9- U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax. The House was set to vote on its measure next week after its tax-writing Ways and Means Committee...

  • Nov 9- Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues, as investors turned their attention to a U.S. Senate Republican plan that would delay expected corporate tax cuts. Senate Republicans are unveiling a tax proposal that differs markedly on corporate, business and individual tax cuts from legislation...

  • WASHINGTON, Nov 9- U.S. Senate Republicans unveiled a tax plan on Thursday that differed from legislation in the House of Representatives on several fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes and the estate tax. Investors worried about divergence between the House and Senate and the Senate's proposed...

  • Nov 9- Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues as investors turned their attention to a U.S. Senate Republican plan that would delay corporate tax cuts that investors want very much. Senate Republicans are unveiling a tax proposal that differs markedly on corporate, business and individual tax...

  • Nov 9- Wall Street dropped on Thursday, weighed down by losses in Apple Inc and other technology stocks as investors turned their attention to a U.S. Senate Republican plan that would delay corporate tax cuts that investors want very much. The Senate proposal delays a corporate tax rate cut to 20 percent by a year and provides small-business owners with a...

  • Nov 9- Wall Street dropped on Thursday, weighed down by losses in Apple and other technology stocks as investors turned their attention to a U.S. Senate Republican plan that could delay corporate tax rate cuts expected by investors. The Senate on Thursday was expected to unveil a tax cut bill that differs significantly from one detailed last week in the House,...

  • President Donald Trump and fellow Republicans who control Congress have promised deep tax cuts that they say would energize the economy, but emerging differences in the Senate and House of Representatives proposals could complicate congressional passage. The Senate plan, like the House version, would cut the corporate tax rate to 20 percent from 35 percent,...

  • The 10 states with the highest taxes are represented in the Senate by Democrats, and by Vermont's Bernie Sanders, an independent who votes with Democrats. A Senate tax plan about to be unveiled on Thursday was expected to propose ending the SALT deduction entirely. Here are the U.S. states with the highest annual combined state and local income taxes and property...

  • NEW YORK, Nov 9- As soon as the House of Representatives' proposed tax reform bill had hit the news, divorce lawyer Malcolm Taub's phone started to buzz. While alimony is getting statistically rarer, Taub said it still figures into most of the divorces he works on in his New York- based practice. Some 12 million tax returns claimed a deduction for paying alimony in...