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Financial

Latest Connecticut Financial

Kevin Lembo (Courtesy Office of the State Comptroller)

State Comptroller to Seek Second Term

HARTFORD, Conn. (AP) _ Connecticut State Comptroller Kevin Lembo says he’s seeking a second term, hoping to continue advocating for greater transparency in government spending. The 50-year-old Democrat announced Tuesday he filed the necessary paperwork […]

11/19/2013

SAC Capital (Spencer Platt/Getty Images)

SAC Capital Pleads Guilty In $1.8 Billion Deal

NEW YORK (AP) _ As promised, SAC Capital Advisors has pleaded guilty to criminal fraud charges in a record $1.8 billion deal with the government. The company’s longtime general counsel Peter Nussbaum entered the plea […]

11/08/2013

SAC Capital (Spencer Platt/Getty Images)

Resolution Proposed In SAC Capital Case

A hedge fund owned by a Connecticut billionaire has agreed to plead guilty to fraud charges and to pay a $1.8 billion financial penalty, federal prosecutors said Monday.

11/04/2013

Pratt & Whitney engine, Air Force C 17 (Michael Urban/DDP/Getty Images)

Pratt, Machinists Open Talks

Jobs will likely be the top issue as jet engine manufacturer Pratt & Whitney and the union for Machinists open contract talks this week.

10/29/2013

Joint Strike Fighter (Carl deSouza/AFP/Getty Images)

Billion Dollar Pratt Contract For Joint Strike Fighter Engines

East Hartford-based Pratt & Whitney has signed a $1 billon contract to build F-35 engines for the Pentagon’s Joint Strike fighter program.

10/24/2013

(Courtesy Dominion Resources)

IBEW Seeks To Unionize Millstone Workers

Connecticut’s only nuclear power plant and an electrical workers union are facing off over a union organizing drive.

10/22/2013

(Courtesy United Technologies website)

UTC Quarterly Profits Up, Company Warns Weak Military Market Will Hurt 2013 Numbers

United Technologies Corp. says third-quarter profit edged up 1 percent on a slight increase in revenue, but warned that a weak military aerospace market will cut into 2013 revenue.

10/22/2013

winchester map

Town Still Waiting For News On Bank Loan Application

WINSTED, Conn. (AP) – Winsted officials are seeking financial help to avoid closing local schools. The Republican-American reports that Superintendent of Schools Thomas M. Danehy has told the state Board of Education he might have […]

10/21/2013

Pratt and Whitney (Photo Credit: Philippe Lopez/AFP/Getty Images)

Analysts Expect Revenue Growth, But Lower Profits For UTC’s Third Quarter

United Technologies Corp. is expected to post strong revenue growth for the third quarter, but analysts expect profit to be down slightly from the same three months of 2012 as federal spending cuts pinch the conglomerate’s military business.

10/18/2013