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Financial

Latest Connecticut Financial

Stanley Black and Decker

Stanley Black & Decker Lowers Earnings Expectations

New Britain-based Stanley Bkacj & Decker lowered its earnungs expectations for the year, citing slower growth in emerging markets and a hit from the U.S. government shutdown.

10/16/2013

Puerto Rican flag (Omar Torres/AFP/Getty Images)

Puerto Rico Denies Government Is Near Bankruptcy

The government of Puerto Rico denies it is near bankruptcy or might need U.S. federal intervention, offering those assurances during a conference call with investors aimed at alleviating concerns about a recent drop in bond sales and the island’s continuing financial crisis.

10/15/2013

(Mike Clarke/AFP/Getty Images)

After August Increase, Casino Revenue Drops Again In September

The Mohegan Sun casino says the halt in declining revenue in August resumed in September.

10/15/2013

Robert Shiller (Chip Somodevilla/Getty Images)

Yale Economics Prof Shares Nobel Prize

A Yale economics professor known for developing a widely-used measure of home prices was among three economists to be awarded the Nobel Memorial Prize in Economic Science.

10/14/2013

(Frederic J. Brown/Getty Images)

Northeast Utilities Reducing IT Department, Assigning Some Employees To Vendors

Northeast Utilities says it’s eliminating 200 information technology jobs.

10/01/2013

Kevin Lembo (Courtesy Office of the State Comptroller)

State Comptroller Releases FY 2014 Projections

Although it’s still early in the fiscal year, Connecticut is on track to close FY-2014 with a surplus. Figures released today by the comptroller’s office show the state a $4.4 million surplus. Still, Kevin Lembo […]

10/01/2013

Otis Elevator (Joel Saget/AFP/Getty Images)

Otis, Carrier, Kidde, Chubb To Combine In New UTC Unit

nited Technologies Corp. is combining its elevator and heating and climate controls businesses in a move aimed at making them more appealing to cities in emerging markets such as China.

09/24/2013

unemployment

August Unemployment Holds Steady

Connecticut’s unemployment rate held steady at 8.1% last month, more than three-quarters of a point above the national rate

09/19/2013

Electric Boat shipyard (Spencer Platt/Getty Images)

Retiring EB President To Be Replaced By President Of Bath Iron Works

The retirement of Electric Boat president Kevin Poitras has resulted in job shfts among other executives at parent company General Dynamics.

09/18/2013