Mixed news in General Electric's latest quarterly results. The (for now) Fairfield-based conglomerate reported better-than-expected first quarter profits, after adjusting for one-time items, but revenues were down about one percent.
Some analysts have raised concerns over GE's prospects this year as demand for its oil and gas equipment falls.
GE posted earnings of 21 cents a share, beating Wall Street's expectations for 19 cents a share. Including one-time items and discontinued operations, the conglomerate saw a loss of about one cent a share.
Stop & Shop Deal Ratified
Workers for the Dutch-owned supermarket chain Stop & Shop in New England have voted to ratify a new contract.
They've been working without a contract since February as unions negotiated with management over the deal. The agreement will raise wages for 12,500 Stop & Shop employees in Connecticut, but it also includes an increase in the cost of healthcare.
CTvisit Redesign
The state of Connecticut has unveiled a newly revamped tourism website, CTvisit.com. The redesign is described as collaborative and research-driven.
The Office of Tourism says it consulted with businesses, the tourism districts and other agencies to update the portal. Destinations and businesses featured on the portal can now update their own page listings. CTvisit will feature more than 4,000 attractions, lodgings and restaurants around the state.
