Financial

Latest Connecticut Financial

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

(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

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

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