Business news

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Attorney General George Jepsen has welcomed the cut that regulators look likely to make to Connecticut Light and Power’s requested rate hike, but he said they should go further. 

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State regulators, in a draft ruling, have reduced the permanent rate increase proposed by Connecticut Light and Power, slashing the number from $221 million to about $130 million. It’s big news in the ongoing controversy over the energy company’s plan to increase electric rates.

Thin Mints, Do-si-dos and Samoas just became easier to buy: Girl Scouts will now be able to use Digital Cookies to sell the treats online.

"Girls have been telling us that they want to go into this space," said Sarah Angel-Johnson, chief digital cookie executive for the Girl Scouts of the USA. "Online is where entrepreneurship is going."

Her comments were reported by The Associated Press.

Black Friday shopping at brick-and-mortar stores in the United States was down about 7 percent from a year ago, according to ShopperTrak, but more purchases on Thanksgiving Day nearly made up the difference. Meanwhile, online retailers recorded double-digit year-on-year increases in sales.

ShopperTrak says Friday store sales hit $9.1 billion, but that shoppers spent $3.2 billion on Thanksgiving — a 24 percent increase for sales on that day from over last year. Overall, it represented a 0.5 percent drop from last year.

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As the state hunkers down for a pre-Thanksgiving storm, Frontier Communications is assuring its customers that it will keep them connected. 

The Stamford-based company issued a statement saying it has teams standing by to restore service quickly if the weather causes outages. 

It's a busy time of year for turkey farmers around the country. And these days, with the growth of the local food movement, small family farms are struggling to keep up with all the orders for birds. So, we went to find out what one New England farmer is doing to get her gobblers from the field to the table. Enter the "abattoir."

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United Technologies' stock has bounced back just a day after the departure of CEO Louis Chenevert. Shares in the Hartford based conglomerate ended Monday down 1.4 percent, following the shock announcement that former CFO Greg Hayes would take over the top slot. 


Investors and employees have been left baffled by the sudden resignation of Louis Chenevert, the chief executive of United Technologies. 

Louis Chenevert, the chief executive officer of United Technologies Corporation, has announced his retirement.

He will step down immediately, and he'll be succeeded by current chief financial officer Greg Hayes.


The maker of a new vehicle called the Slingshot is meeting with state motor vehicles officials to discuss whether they may sell the three-wheeler in Connecticut. 

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Connecticut lawmakers say they want to make another effort to save Thanksgiving. In the face of widespread store openings, Representative Matt Lesser said he’ll once again introduce a bill that would make stores pay their employees 2.5 times their normal rate on Thanksgiving. 

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Connecticut employers added 3,600 jobs in October, with the biggest gains coming in the retail sector. The state’s unemployment rate, which is based on a separate survey, remained steady from September at 6.4 percent. In the first ten months of the year, Connecticut has added 18,300 jobs, up from 13,700 in the same period of 2013.

State of Connecticut

Connecticut's insurance commissioner is moving on for a job in the financial services industry. Thomas Leonardi will leave the agency in December.

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Connecticut officials are seeking public input on a proposal to create a state-administered retirement plan for private sector workers. 

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Absenteeism among obese workers is costing the nation billions in lost productivity, according to a new study.

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Governor Dannel Malloy said he’s not among those who are calling for expanded gaming in Connecticut to counter new competition from Massachusetts. The governor told reporters that the decision whether to allow more gambling facilities is a legislative matter, and he won’t be playing a lead role.

The popular ride-service company Uber is in damage control mode after a senior vice president expressed interest in unveiling details about the private lives of journalists in retaliation for unflattering coverage of Uber's business practices.

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Connecticut regulators have approved higher rates to generate electricity for residential and business customers of two utilities. 

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Pfizer has signed a major cancer drug deal with German firm Merck. The news dampens speculation that Pfizer is still interested in a renewed bid for British drug maker AstraZeneca. 

The first 2015 Ford F-150 rolled off the assembly line this week, and it is no normal truck. The new F-150 pickup is the first with an aluminum body, making it hundreds of pounds lighter than its predecessors.

Ford isn't taking this gamble on just any truck — the F-150 is the company's most important vehicle. Morgan Stanley estimates the F-Series truck line and SUV derivatives represent 90 percent of Ford's global profits.

In gambling, they say, the house always wins. But that hasn't been the case in Atlantic City this year. By year's end, the city that once had an East Coast monopoly on gaming may lose its fifth casino.

The city is reeling from the closures. New Jersey Gov. Chris Christie said Thursday that the first order of business is to "stop the bleeding." So city and state officials are trying to reposition Atlantic City by literally building it up.

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Women’s position in the workplace in Connecticut has improved significantly over the last 15 years, according to a new report. But the study, commissioned by the Permanent Commission on the Status of Women, says too many disparities still remain, particularly for women of color. 

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More young people are moving to the heart of cities, according to a report from think tank City Observatory. This includes cities that we usually think of as “economically troubled,” like Buffalo, Cleveland, and, yes, even Hartford. Some of these cities have been losing their overall population, but gaining in their numbers of college graduates in their 20s and 30s.

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One of the biggest American myths is limitlessness. You'd think by now we'd understand our own limitations but the American myth - and you can hear it on Rush Limbaugh every day - is one where the horizon goes on forever and more growth is always possible and any failure from Vietnam to the 2008 crash that we've ever had is just a case of failing to fully exert our exceptional American qualities. 

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Both of Connecticut’s electric utility companies want to raise rates sharply in January. 

Microsoft — a company most associated with Word documents and Excel spreadsheets — is getting a makeover.

Under new leadership, the software developer is analyzing vast troves of data about its users to create social tools for the workplace. They've got the goods — just think of all those Office emails that bind us together — but the question is, will customers want to cozy up socially with Microsoft, on and off the job?

Old Data, New Strategy

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According to a new scorecard from the American Council for an Energy-Efficient Economy, Connecticut has dropped to sixth place in the national ranking of state energy efficiency. 

Harriet Jones / WNPR

In the week that Massachusetts removed the last challenge to its new gaming industry, voting down a potential repeal, one of Connecticut’s casinos showed off exactly how it’s preparing for competition from the north.

Chion Wolf

Economic development was a major part of the campaign rhetoric this election season, and it seems destined to be a high-profile part of Governor Dannel Malloy’s second term.

WNPR sat down with the administration’s economic development chief, Catherine Smith to talk about what a second term will look like.

Several years ago, South Carolina had a problem: a shortage of skilled workers and no good way to train young people for the workforce. So at a time when apprenticeship programs were in decline in the U.S., the state started a program called Apprenticeship Carolina.

"We were really, really squarely well-positioned at the bottom," says Brad Neese, the program's director.