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Pfizer

Pfizer's bid for rival pharmaceutical company AstraZeneca looks likely to fail, after the UK business turned down its latest offer.

Connecticut added more than two thousand jobs last month, according to the latest figures from the state Department of Labor. It adds to the positive trend seen through the early part of this year.

The Labor Department always cautions that monthly figures can be volatile, and subject to correction, but April marks the third straight month that the state saw positive job growth. Employers added 2,200 jobs and the unemployment rate, measured through a separate household survey, dropped to 6.9%, down 1/10ths of a percent.

Shana Sureck / WNPR

If you ask Michael Fazio how long he’s been in the pipe organ business, he’ll say, “How do I get out of it?”

The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington.

But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers.

"There really are serious issues in the first-time-buyer market," Eric Belsky, managing director of Harvard's Joint Center of Housing Studies, told the National Association of Realtors on Thursday.

New rules for how Internet traffic is governed were officially unveiled and approved for public comment following a 3-2 vote Thursday by members of the Federal Communications Commission.

Pfizer

Pfizer's chief executive will face questioning by politicians in the UK this week over the company's bid for rival pharmaceutical company Astra Zeneca.

Vibram USA — the maker of those shoes that look more like rubber gloves with separate compartments for each toe — has agreed to pay $3.5 million settlement in a class action suit for allegedly misleading their customers.

The lawsuit was brought by a woman who says the shoe company claimed to decrease foot injuries and strengthen foot muscles, but had no scientific research to prove it.

allnightavenue / Creative Commons

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.

Media industry veteran Jarl Mohn will be NPR's new CEO, the organization's board of directors has announced.

Mohn, 62, currently sits on the board of directors at several media organizations, including Scripps Networks Interactive and Web analytics company ComScore. He is also on the boards of KPCC Southern California Public Radio and the USC Annenberg School for Communication and Journalism.

Announcing the hire, Kit Jensen, who chairs NPR's board of directors, said Mohn has "an ability to find nuanced and new ideas." He is slated to start work at NPR on July 1.

White House

Former Treasury Secretary Timothy Geithner will give a lecture series at Yale this fall, based on his experiences during the financial crash.

Pratt and Whitney

Companies that supply planes and engines to commercial airlines are about to see a boom in business unlike anything that the industry can remember. There are more customers than ever before for airline flights, and alongside that, engine technology has taken a big leap forward. That means unprecedented investment, and Connecticut is at the epicenter of that change. 

ClearEdge

The market for fuel cells is growing, according to industry experts, despite the recent bankruptcy of one of Connecticut's largest fuel cell manufacturers.

Electric Boat

Electric Boat expects to hire more than 500 extra employees as it gets ready to work on the largest contract ever awarded by the U.S. Navy. The workforce can still expect pain in the short term.

The contract for ten Virginia class submarines represents five years of steady work building two submarines a year at the Groton yard, something that's been hard to come by in recent decades.

Steven Depolo / Creative Commons

After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long. One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.

Teen's App Helps Pay Family's Bills

May 5, 2014

Michael Sayman is a 17-year-old game developer from Miami, whose app — 4 Snaps — has been going strong in the iTunes App Store. Sayman was highlighted at Facebook's development conference last week by Mark Zuckerberg. He graduates from high school this month and starts an internship at Facebook headquarters later this summer. Sayman spoke with Tell Me More about his app, how he used the proceeds to help his family and how some schools and teachers are overlooking the importance of tech.

How did you get into tech?

Harriet Jones / WNPR

As May begins, Connecticut's tourism industry is gearing up in earnest for the summer season ahead. And there's cautious optimism that receipts may be up once again this year. One Old Saybrook business is investing in the future.

ctfastrak.com

Connecticut is to invest millions of dollars in an attempt to spur economic development along the route of the New Britain to Hartford busway, and the New Haven to Springfield rail line.

moodboard / Thinkstock

Okay, here's a borrowed analogy. My grandmother talked about the light bill to refer to what you call the electricity bill. And, that's because she lived at a time when literally, that's all electricity did-power the lights. And now, all sorts of things run on that same power. 

Jupiterimages/liquidlibrary / Thinkstock

The state senate has unanimously passed a bill to address many complaints against independent electricity suppliers.

Harriet Jones / WNPR

Do you ever wonder how the banner ad that pops up on your favorite website gets there, and who chooses what you’ll see?

At the moment, the buying and selling of digital ads is largely controlled by big legacy agencies. But there’s a tiny upstart company in Stamford that wants to disrupt the growing market.

Pfizer finally fessed up and told the world that it wants to buy British drugmaker AstraZeneca. It wasn't a very well-kept secret.

The New York-based drugmaker confirmed publicly that it approached AstraZeneca in January about getting together. AstraZeneca, based in London, rebuffed the New Yorkers.

David Butler II / Butler Photography, LLC

As World War II came to a close, manufacturing in Connecticut employed close to half the state's working population. Now it accounts for only eleven percent of employment. That dramatic decline over half a century is due to one irresistible force: off-shoring, and the loss of work to cheaper labor markets in Asia. But that force may not be so irresistible after all.

Electric Boat

The U.S. Navy has given Groton shipyard Electric Boat the largest shipbuilding contract ever awarded.

SpaceX will launch an official protest against the Air Force for its no-bid national security launch contracts to Boeing and Lockheed, SpaceX CEO Elon Musk said in a televised press conference.

He said his company thought the process was "unfair" and that he wanted to shine a light on the process.

"As I've said, sunlight is the best disinfectant. If everything's fine, then I guess that's great," Musk said. "But that seems unlikely to me."

State of Connecticut

Connecticut is “still revolutionary” all over again, with the launch of another year of the state’s tourism campaign. This time the theme is “revolutionary thoughts.”    

Pratt and Whitney

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.

Google, Intel, Facebook and many other tech giants are pooling their money together — for the first time — to fix a glaring hole in cybersecurity. They're launching a multimillion-dollar fund to protect open-source code — the code that anyone can use for free, and that often gets overused and underprotected.

Electric Boat

A labor union for 2,200 workers at submarine maker Electric Boat has agreed to a new, five-year contract through 2019 that includes annual pay raises of three percent or more. 

warriors-bikers-people-places-things.blogspot.com

Connecticut's historic Ovation guitars will no longer be made in the state. The New Hartford factory will close this summer.

Jonathan Haeber / Creative Commons

Changes in technology, energy and world labor markets are all driving a manufacturing renaissance in the U.S., but some economists believe Connecticut may miss out, despite its storied history as a manufacturing state.

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