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Financial

Latest Connecticut Financial

JC Penney

Penney’s Closing Meriden Store

MERIDEN,Conn. (CBS Connecticut) -The J.C.Penney store in the Meriden Square Mall is one of 33   the retailer says is under-performing and will close by early May.Penney’s will also be cutting  two thousand jobs in an […]

01/15/2014

(Justin Sullivan/Getty Images)

Target Data Breach Concern Grows

By ANNE D’INNOCENZIO AND MICHELLE CHAPMAN AP Business Writer    NEW YORK (AP) _ Fallout from Target’s pre-Christmas security breach is likely to affect the company’s sales and profits well into the new year. The […]

01/10/2014

(Getty Images)

Education Commissioner Calls For Probe Of Winchester School Funding

State Education Commissioner Stefan Pryor’s office is calling for an investigation into whether the town of Winchester is underfunding its schools.

01/07/2014

Nappier, Denise

Treasurer to Run Again

HARTFORD, Conn. (AP) _ Connecticut State Treasurer Denise Nappier says she is seeking a fifth term in office. Citing what she called “proven experience,” the Democrat announced Monday she has filed paperwork with the State […]

12/23/2013

iPhone (Photo by Marianna Massey/Getty Images for Big W)

AT&T Sells Connecticut Wire Ops To Stamford Company

DALLAS (AP) – AT&T has agreed to sell its Connecticut wireline operations to Frontier Communications for $2 billion as it continues its transition to unwired operations and a cloud network. The deal includes wireline network […]

12/17/2013

Earns Aetna

Aetna Purchasing Britain-Based Insurer

HARTFORD, Conn. (AP) _ Aetna Inc. plans to broaden its international reach with the acquisition of InterGlobal, a British company that offers private medical insurance for groups and individuals in the Middle East, Asia, Africa […]

11/25/2013

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

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