Financial

Latest Connecticut Financial

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

Sikorsky S-61N Sabah Arar AFP Getty Images

UTC Exec Says Military Is Cutting Spare Parts Orders

The chief financial officer of United Technologies Corp. says the European economy is beginning to recover, but the U.S. military is sharply cutting spare parts orders for subsidiary helicopter maker Sikorsky Aircraft Corp.

09/17/2013

Kevin Lembo (Courtesy Office of the State Comptroller)

State Surplus Increases

Connecticut’s budget surplus continues it’s modest yet steady growth. Numbers out of the state comptroller’s office show the surplus figure at $398.79 million. Final figures for 2013 will be transmitted December 31. Of the surplus, […]

09/03/2013

Electric Boat shipyard (Spencer Platt/Getty Images)

Union Says 450-500 Layoffs Expected At Electric Boat

A union that represents workers at Electric Boat says it has been told by the submarine builder to expect between 450 and 500 layoffs over the next few months.

08/23/2013

credit card

Shoppers Get A Break With Tax Free Week

Click here for a list of tax exempt clothing and footwear examples. HARTFORD, Conn. (AP) _ Back-to-school shoppers in Connecticut will soon get a tax break. Starting Sunday, clothing items that cost less than $300 […]

08/17/2013

John Henry (Carl Court/AFP/Getty Images)

Three Bidders Say They Offered More Than Red Sox Owner For Globe

Three bidders who fell short in their attempts to purchase The Boston Globe say they offered more than Red Sox owner John Henry’s winning $70 million bid.

08/05/2013

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