Financial

Latest Connecticut Financial

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

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

Millstone (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