finance http://wnpr.org en Federal Investigators Look for State Education Department Emails http://wnpr.org/post/federal-investigators-look-state-education-department-emails <p>As federal investigators continue their probe of a troubled Hartford charter school group, agents are now seeking to obtain all department correspondence, including Commissioner Stefan Pryor's emails that relate to FUSE, Jumoke, Michael Sharpe or Hartford's Milner School.</p><p> Thu, 24 Jul 2014 11:14:11 +0000 Diane Orson 25819 at http://wnpr.org Federal Investigators Look for State Education Department Emails Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe http://wnpr.org/post/citigroup-agrees-pay-7b-resolve-mortgage-investigation <a href="http://www.citigroup.com/citi/news/2014/140714a.htm">Citigroup said Monday</a> it had agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.<p>The deal covers mortgage-backed securities and collateralized debt obligations issued, structured or underwritten by Citi between 2003 and 2008, the company said in a statement on its website.<p>Citi said it would pay $4.5 billion in cash and $2.5 billion in consumer relief, which will be in the form of financing for affordable rental housing, principal reducti Mon, 14 Jul 2014 11:53:00 +0000 editor 25238 at http://wnpr.org Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe Financing Higher Education http://wnpr.org/post/financing-higher-education <p>Some people say that bachelor’s degrees are the new high school diplomas; they are becoming more and more necessary for job seekers to be competitive in the job market. But as the cost of higher education rises, students who attend college are now saddled with decades worth of debt in loans.&nbsp;</p><p> Mon, 07 Jul 2014 13:00:00 +0000 John Dankosky, Lydia Brown, Tucker Ives & Catie Talarski & Allison Ehrenreich 24843 at http://wnpr.org Financing Higher Education SunTrust To Pay Nearly $1 Billion For Mortgage Practices http://wnpr.org/post/suntrust-pay-nearly-1-billion-mortgage-practices SunTrust has agreed to pay $968 million as part of a settlement with the government over charges that it failed to comply with standards required for federally backed mortgages.<p>The settlement between SunTrust Mortgage and the Justice Department and other agencies includes money for homeowners and a requirement that the company improve its procedures for mortgage loans and foreclosures.<p><a href="http://online.wsj.com/articles/u-s-reaches-968m-settlement-with-suntrust-banks-over-mortgage-issues-1403033015"><em>The Wall Street Journal</em> reports:</a><p><blockquote><p>"The pact announced Tu Tue, 17 Jun 2014 22:51:00 +0000 Scott Neuman 23817 at http://wnpr.org The Nose Talks About... Nevermind, It Takes Too Long http://wnpr.org/post/nose-talks-about-nevermind-it-takes-too-long <p></p><p>Today on The Nose, we begin with an essay, "<a href="http://www.nytimes.com/2014/05/25/opinion/sunday/faking-cultural-literacy.html?_r=0" target="_blank">Faking Cultural Literacy</a>." Writer Karl Taro Greenfeld said, "It's never been so easy to pretend to know so much, without actually knowing anything." We pick topical, relevant bits from Facebook, Twitter, or emailed news alerts, and then regurgitate them. Fri, 06 Jun 2014 10:00:00 +0000 Chion Wolf, Betsy Kaplan & Colin McEnroe 23145 at http://wnpr.org The Nose Talks About... Nevermind, It Takes Too Long Tom Foley Will Apply for Public Financing In Governor's Race http://wnpr.org/post/tom-foley-will-apply-public-financing-governors-race <p>Republican Tom Foley, who self-funded his 2010 campaign for governor, has decided that he'll apply for public financing this time around.&nbsp;</p><p> Tue, 03 Jun 2014 13:58:55 +0000 Jeff Cohen 22964 at http://wnpr.org Tom Foley Will Apply for Public Financing In Governor's Race Candidates for Governor Have the Cash to Qualify, But Will They Apply For Public Financing? http://wnpr.org/post/candidates-governor-have-cash-qualify-will-they-apply-public-financing <p><span style="line-height: 1.5;">Both the Democratic and Republican endorsed candidates for governor have said they've raised enough money to qualify for public campaign funds, but either of them has actually applied.&nbsp;</span></p><p> Fri, 30 May 2014 12:05:40 +0000 Jeff Cohen 22747 at http://wnpr.org Candidates for Governor Have the Cash to Qualify, But Will They Apply For Public Financing? When College Isn't Worth It http://wnpr.org/post/when-college-isnt-worth-it The <em>New York Times</em> <a href="http://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html?_r=0">highlighted new data</a> yesterday that once again beats the drum: Despite skyrocketing costs, a college degree is a good investment. In fact, MIT economist David Autor writes in the journal <em>Science</em> that the value of a degree is <em>rising</em>. College grads made almost twice as much per hour in 2013 as workers without a four-year degree. Wed, 28 May 2014 11:49:00 +0000 editor 22641 at http://wnpr.org When College Isn't Worth It Pfizer Drops $119 Billion Bid For AstraZeneca http://wnpr.org/post/pfizer-drops-119-billion-bid-astrazeneca It would have been the biggest deal the pharmaceutical industry has seen in more than a decade. Tue, 27 May 2014 12:36:00 +0000 Elizabeth Blair 22549 at http://wnpr.org Pfizer Drops $119 Billion Bid For AstraZeneca U.S. Education Secretary in Hartford to Talk About Paying for College http://wnpr.org/post/us-education-secretary-hartford-talk-about-paying-college <p><span style="line-height: 1.5;">U.S. Education Secretary Arne Duncan was in Hartford Monday to speak with high school seniors about paying for college.</span></p><p> Mon, 19 May 2014 21:04:33 +0000 Jeff Cohen 22137 at http://wnpr.org U.S. Education Secretary in Hartford to Talk About Paying for College Foxwoods to Shutter Some Pits on Weekdays, Lay Off Employees http://wnpr.org/post/foxwoods-shutter-some-pits-weekdays-lay-employees <p>Foxwoods Resort Casino has announced plans to close parts of one of its casinos on weekdays, and lay off employees. This is the latest bid to brings costs under control as its gaming receipts continue to drop.</p><p> Mon, 19 May 2014 19:59:24 +0000 Harriet Jones 22108 at http://wnpr.org Foxwoods to Shutter Some Pits on Weekdays, Lay Off Employees Businesses List Medical Costs as Top Risk Concern http://wnpr.org/post/businesses-list-medical-costs-top-risk-concern <p>The rising cost of medical care is the top concern of businesses surveyed in a new report by insurance company Travelers.</p><p> Mon, 19 May 2014 17:24:47 +0000 Harriet Jones 22109 at http://wnpr.org Businesses List Medical Costs as Top Risk Concern Homes in Hartford Top List of "Underwater" Cities http://wnpr.org/post/homes-hartford-top-list-underwater-cities <p>Hartford has the highest rate of underwater mortgages in the country, according to a new report that says communities of color are most likely to owe more on their mortgages than their homes are worth. But the city administration disputes the data on which the study is based.</p><p> Fri, 09 May 2014 17:33:16 +0000 Harriet Jones 21553 at http://wnpr.org Homes in Hartford Top List of "Underwater" Cities Former U.S. Treasury Secretary Geithner to Speak at Yale http://wnpr.org/post/former-us-treasury-secretary-geithner-speak-yale <p>Former Treasury Secretary Timothy Geithner will give a lecture series at Yale this fall, based on his experiences during the financial crash.</p><p> Thu, 08 May 2014 15:50:01 +0000 Harriet Jones 21491 at http://wnpr.org Former U.S. Treasury Secretary Geithner to Speak at Yale Fuel Cell Industry Still Strong, Say Advocates http://wnpr.org/post/fuel-cell-industry-still-strong-say-advocates <p><span style="line-height: 1.5;">The market for fuel cells is growing, according to industry experts, despite the recent bankruptcy of one of Connecticut's largest fuel cell manufacturers.</span></p><p> Wed, 07 May 2014 15:04:29 +0000 Harriet Jones 21441 at http://wnpr.org Fuel Cell Industry Still Strong, Say Advocates Senate Approves Annual Budget; Bill Would Expand Early-Childhood Education http://wnpr.org/post/senate-approves-annual-budget-bill-would-expand-early-childhood-education <p><iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/qTOIZ8I2Sio" width="560"></iframe></p><p>The state Senate approved a $19 billion annual budget over the weekend. It postpones three tax breaks for shoppers and retired teachers as the state's surplus dissolves in the state’s sluggish economy. Democrats rallied around the package that provides funding for public education, housing, after-school programs, social service needs, and transportation infrastructure. The budget now awaits Governor Dannel Malloy's signature.</p><p> Mon, 05 May 2014 21:32:29 +0000 Teri McCready 21313 at http://wnpr.org Tax Breaks Could Be Biggest Prize In Pfizer Deal For AstraZeneca http://wnpr.org/post/tax-breaks-could-be-biggest-prize-pfizer-deal-astrazeneca Pfizer finally fessed up and told the world that it wants to buy British drugmaker AstraZeneca. It wasn't a very well-kept secret.<p>The New York-based drugmaker <a href="http://www.pfizer.com/news/press-release/press-release-detail/pfizer_confirms_prior_discussions_with_astrazeneca_regarding_a_possible_combination_and_its_continuing_interest_in_a_possible_merger_transaction">confirmed publicly</a> that it approached AstraZeneca in January about getting together. Tue, 29 Apr 2014 12:29:00 +0000 editor 20939 at http://wnpr.org Tax Breaks Could Be Biggest Prize In Pfizer Deal For AstraZeneca Segarra Doesn't Like His Budget Fix, But It's All He Has http://wnpr.org/post/segarra-doesnt-his-budget-fix-its-all-he-has <p><span style="line-height: 1.5;">Even Hartford Mayor Pedro&nbsp;</span>Segarra<span style="line-height: 1.5;">&nbsp;doesn't like the idea of selling more than $30 million in parking assets to balance his budget, but he said it's the only option he's got left.&nbsp;</span></p><p> Mon, 28 Apr 2014 11:04:00 +0000 Jeff Cohen 20816 at http://wnpr.org Segarra Doesn't Like His Budget Fix, But It's All He Has UTC Tax Package Headed to Malloy's Desk http://wnpr.org/post/utc-tax-package-headed-malloys-desk <p>A $400 million tax relief package for United Technologies is on its way to Governor Dannel Malloy's desk after the legislation passed the state senate.</p><p> Fri, 25 Apr 2014 10:49:46 +0000 Harriet Jones 20772 at http://wnpr.org UTC Tax Package Headed to Malloy's Desk 13 Jazz Artists Awarded Over $1.7 Million http://wnpr.org/post/13-jazz-artists-awarded-over-17-million Yesterday, the Doris Duke Charitable Foundation announced the recipients of its 2014 Performing Artist Awards, including 13 jazz and improvising musicians, who will receive at least $1.7 million in unrestricted grants in total.<p>The awards were given in two tiers. Six jazz musicians were given Doris Duke Artist Awards, worth an unrestricted grant of $225,000 over a 3-5 year period, with the potential to earn an additional $50,000. Wed, 23 Apr 2014 15:42:27 +0000 editor 20641 at http://wnpr.org 13 Jazz Artists Awarded Over $1.7 Million New London Mayor: City Running Out of Cash http://wnpr.org/post/new-london-mayor-city-running-out-cash <p>New London Mayor Daryl Justin Finizio has asked the state for help because the city is running out of cash, and won't be able to make its $1.7 million payroll this week.&nbsp;</p><p> Tue, 22 Apr 2014 16:47:52 +0000 Associated Press 20579 at http://wnpr.org New London Mayor: City Running Out of Cash All Bets Are Off For Keno Repeal http://wnpr.org/post/all-bets-are-keno-repeal <p>The electronic lottery game keno could come to Connecticut after all.&nbsp;<span style="line-height: 1.5;">Keno surfaced at the very end of last year's legislative session as a way to balance the new two year budget. But earlier this year, when a $500 million surplus was announced, lawmakers distanced themselves from the bingo-like game, and a bill to repeal keno seemed like a done deal.</span></p><p> Tue, 22 Apr 2014 15:09:22 +0000 Ray Hardman 20571 at http://wnpr.org All Bets Are Off For Keno Repeal Netflix Says It Will Raise New Customer Subscription Rates http://wnpr.org/post/netflix-says-it-will-raise-new-customer-subscription-rates Netflix, buoyed by its foray into original productions such as the political drama <em>House of Cards,</em> said Monday it has added 2.25 million new customers and plans to raise its new-subscriptions rate by $1 or $2 a month.<p>The video streaming service reported first quarter earnings of $53 million, or 86 cents a share. Tue, 22 Apr 2014 13:11:34 +0000 Scott Neuman 20565 at http://wnpr.org Netflix Says It Will Raise New Customer Subscription Rates Segarra to Propose Budget, Facing Lots of Ground to Make Up http://wnpr.org/post/segarra-propose-budget-facing-lots-ground-make <p>Next year's municipal budgets across the state are beginning to take shape. In Hartford, Mayor Pedro Segarra will present his budget to the city council on Monday. It's got a big hole in it.&nbsp;</p><p> Thu, 17 Apr 2014 21:19:30 +0000 Jeff Cohen 20329 at http://wnpr.org Segarra to Propose Budget, Facing Lots of Ground to Make Up $2.4 Million Settlement Hailed as Victory for State Minority-Owned Businesses http://wnpr.org/post/24-million-settlement-hailed-victory-state-minority-owned-businesses <p><span style="line-height: 1.5;">A Connecticut construction company will pay $2.4 million in fines for alleged fraud tied to a 2007 road project. The settlement is being hailed as one of the most important decisions in decades for minority business owners.</span></p><p> Thu, 17 Apr 2014 15:45:00 +0000 Patrick Skahill 20278 at http://wnpr.org $2.4 Million Settlement Hailed as Victory for State Minority-Owned Businesses Hartford Contractor Identified in Federal Construction Probe http://wnpr.org/post/hartford-contractor-identified-federal-construction-probe <p><span style="line-height: 1.5;">Manafort Brothers, Inc. will pay $2.4 million in fines for alleged fraud tied to a 2007 road project. A Hartford-based firm has also now been identified at the center of the federal investigation.</span></p><p> Wed, 16 Apr 2014 21:04:30 +0000 Patrick Skahill 20272 at http://wnpr.org Hartford Contractor Identified in Federal Construction Probe Progress Reported On Casino Impact Research Project http://wnpr.org/post/progress-reported-casino-impact-research-project Thousands of Massachusetts residents are being surveyed as part of multi-year, multi-million dollar research project on the social and economic impacts of introducing casino gambling to the state.<img class="wysiwyg-asset-image-wrapper inset" data-caption="" data-attribution="Credit Triin Q&#039;s photostream Flickr" typeof="foaf:Image" src="http://mediad.publicbroadcasting.net/p/wamc/files/styles/card_280/public/201301/casino_0.jpg" alt="" /><p><a href="http://cpa.ds.npr.org/wamc/audio/2014/04/casinoresearch.mp3" class="asset-audio"></a><p>The members of the UMass Amherst led research team sa Wed, 16 Apr 2014 16:04:18 +0000 Paul Tuthill 20243 at http://wnpr.org Progress Reported On Casino Impact Research Project Sale in Greenwich of What May Be the Most Expensive Single-Family Home in U.S. http://wnpr.org/post/sale-greenwich-what-may-be-most-expensive-single-family-home-us <p>When the Copper Beech Farm in Greenwich went on the market last spring at an asking price of $190 million dollars, it was the most expensive single-family home ever to hit the American market. Many people thought it wouldn’t close at nine figures. But it has.</p><p> Wed, 16 Apr 2014 13:29:45 +0000 Diane Orson 20192 at http://wnpr.org Sale in Greenwich of What May Be the Most Expensive Single-Family Home in U.S. UConn Bonds See Record Orders http://wnpr.org/post/uconn-bonds-see-record-orders <p>UConn's basketball dominance is great for school spirit, but it's also helping raise money the university puts towards improving its facilities.</p><p>Each year, the state treasurer's office issues UConn Bonds. If you buy them, you're investing in things like the improvements to the university's health center, or building new dorms or study halls on its various campuses.</p><p>Assistant Treasurer Sarah Sanders said they've always sold well each year since they were first issued in 1995. But this year was special.</p> Fri, 11 Apr 2014 19:19:48 +0000 Harriet Jones 20007 at http://wnpr.org UConn Bonds See Record Orders Mohegan Sun Sees Profit Decline But Doesn't Feel "The Pinch" http://wnpr.org/post/mohegan-sun-sees-profit-decline-doesnt-feel-pinch <a href="http://cpa.ds.npr.org/wamc/audio/2014/04/patrickvoicer4-7-2014mohegansun.mp3" class="asset-audio"></a><p>A gambling slump is eating into the profits of Mohegan Sun, but the 2,000 tribal members who draw benefits from the massive casino aren't feeling the pinch. Mon, 07 Apr 2014 13:25:38 +0000 Patrick Garrett 19700 at http://wnpr.org