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Top News & Analysis Connecticut

  • *North Sea crude supply to fall in Nov. *Upcoming: American Petroleum Institute data at 4:30 p.m.. NEW YORK, Oct 3- Oil prices dipped on Tuesday as speculators took profits for a second day after big third-quarter gains and on concerns that higher prices might spur increased U.S. shale production.

  • WASHINGTON, Oct 2- Sunday's massacre in Las Vegas spurred a ritual-like response from U.S. politicians following the mass shootings that have left a trail of victims across the country: Democrats renewed demands for tougher gun laws while Republicans offered up prayers but showed no signs of supporting such legislation. "It's time for Congress to get off its...

  • WASHINGTON, Oct 2- The Trump administration is preparing to ask the U.S. Congress for $13 billion in new aid to help Puerto Rico and other areas hit by natural disasters, congressional sources said on Monday, with the request likely by next week. President Donald Trump is scheduled to visit Puerto Rico on Tuesday amid questions over whether his administration has...

  • WASHINGTON, Oct 2- The Trump administration is preparing to ask the U.S. Congress for around $13 billion in new aid to help Puerto Rico and other areas hit by natural disasters, congressional sources said on Monday, with the request likely by next week. President Donald Trump is scheduled to visit Puerto Rico on Tuesday amid questions over whether his...

  • Altice USA and Disney have been at loggerheads over how much the fourth-largest U.S. cable operator would pay to continue carrying ESPN, ABC and other channels on its Optimum cable service. The deal announced on Sunday allows Altice's Optimum cable service to head off the risk of a blackout that would put at risk some of its 3.1 million subscribers in New Jersey,...

  • *Casino stocks dip, while gunmakers rise after Las Vegas shooting. Shares of Casino operators MGM Resorts International, Melco Resorts& Entertainment, Wynn Resorts and Las Vegas Sands slipped after a gunman killed at least 50 people in Las Vegas on Sunday. "The market is optimistic today, hoping that some kind of tax reform package will be discussed at Washington,"...

  • *Casino stocks dip, while gunmakers rise after Las Vegas shooting. Oct 2- Wall Street looked set to open higher on Monday as investors bet President Donald Trump's tax reform could make some headway and expectations of a more hawkish successor to Fed Chair Janet Yellen. "The market is optimistic today, hoping that some kind of tax reform package will be discussed at...

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  • LOS ANGELES, Sept 29- The deadline for an agreement on what cable operator Altice USA pays to carry Walt Disney Co's ESPN, ABC, the Disney Channel and other networks has been extended to Sunday from Saturday due to the Yom Kippur holiday, a person familiar with the situation said. If no deal is reached, 3.1 million subscribers to Altice's Optimum cable service in New...

  • *Iran bans oil products transport to and from Iraqi Kurdistan. NEW YORK, Sept 29- Oil prices were down slightly on Friday on weekend profit taking following a rally in prices around geopolitical instability in Iraqi Kurdistan, which helped Brent make its strongest third-quarter performance since 2004.. Global benchmark Brent crude was down 7 cents at $57.37 a...

  • Sept 28- Washington state on Thursday sued OxyContin maker Purdue Pharma LP, becoming the latest state or local government to file a lawsuit seeking to hold pharmaceutical companies accountable for a national opioid addiction epidemic. Stamford, Connecticut- based Purdue said in a statement it was "deeply troubled" by the opioid crisis and that its U.S. Food and...

  • NEW YORK, Sept 27- Brent prices fell on Wednesday while U.S. crude rallied, after oil stockpiles in the world's top consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent slipped from 26- month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. "The crude number was definitely...

  • NEW YORK, Sept 27- Brent prices fell on Wednesday while U.S. crude rallied, after crude stockpiles in the world's top oil consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent slipped from 26- month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. "Gains in WTI oil prices will be...

  • NEW YORK, Sept 27- Global oil prices fell on Wednesday while U.S. crude rallied, after crude stockpiles unexpectedly drew with refiners coming back online following Hurricane Harvey last month. Both benchmarks remained on track for monthly gains on stronger demand as refiners along the U.S. Gulf Coast ramped up production after Harvey crippled capacity.

  • MONTREAL/ NEW YORK, Sept 26- The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc's CSeries jets after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the neighbors. The Commerce Department's penalty against Bombardier will only take effect if...

  • NEW YORK, Sept 26- Hartford, Connecticut's cash-strapped capital city, suffered a fresh round of credit rating downgrades deeper into junk territory by two Wall Street credit agencies on Tuesday, a day after the city's bond insurers said they were open to debt restructuring. The downgrades by S&P Global Ratings and Moody's Investors Service put Hartford...

  • NEW YORK, Sept 26- U.S. Treasury yields rose on Tuesday as Federal Reserve Chair Janet Yellen stuck to the view that the central bank remains on track for gradual interest rate increases even as inflation remains below its 2 percent goal. Yellen "repeated that inflation being low as transitory and the Fed is on a gradual pace of rate hikes," said Brian Daingerfield,...

  • NEW YORK, Sept 26- U.S. Treasury yields rose on Tuesday as Federal Reserve Chair Janet Yellen stuck to the view that the central bank remains on track for gradual interest rate increases even as inflation remains below its 2 percent goal. Yellen "repeated that inflation being low as transitory and the Fed is on a gradual pace of rate hikes," said Brian Daingerfield,...

  • The company signed up 115 new clients in the fourth quarter ended Aug. 31, adding commercial banking customers such as Danske Bank and Banco Santander Totta to its largely investment banking client base. The company said its revenue rose 13.7 percent to $326.6 million in the fourth quarter ended Aug. 31. FactSet's net income fell to $59.6 million or $1.52 per...

  • FactSet said it had 4,744 clients as of Aug. 31, up by 115 clients in the past three months. The company said its revenue rose 13.7 percent to $326.6 million in the fourth quarter ended Aug. 31. FactSet's net income fell to $59.6 million or $1.52 per share in the fourth quarter, from $144.3 million, or $3.55 per share, a year earlier.