Originally published on Mon December 23, 2013 9:06 am
Target is trying to get back in its customers' good graces after a massive data breach affecting some 40 million credit and debit account holders. The giant retail chain offered its customers a 10 percent discount over the weekend as an act of atonement, but business was said to be down anyway.
The breach affected customers who used their credit and debit cards at one of Target's 1,750 stores during a three-week period after Thanksgiving.
At the end of this month, Connecticut will submit a plan for a radical change in the way health care is delivered in the state. Connecticut is one of 16 states bidding for a $45 million federal grant to develop a model for the future of health care.
Businesses don't like uncertainty, but between recessions and government budget standoffs, they've had to get used to it in recent years. A new study from UConn looks at just how much the economy has been affected by sustained crisis management.
Stamford-based Frontier Communications announced plans to buy the landline service of AT&T in Connecticut. About 1.4 million households in Connecticut will be affected by the sale of the business, which includes Internet subscribers and U-verse video customers.
The state Department of Consumer Protection is expected to award licenses by early 2014 to producers and dispensaries for the newly legalized medical marijuana market. In a ripple effect, other companies are also gearing up to grow market share in a new industry, estimated at $1.7 billion nationally by the Wall Street Journal, and predicted to quadruple in size during the next five years.
The budget deal reached last week in Washington will have a real economic impact on companies in Connecticut. United Technologies CEO Louis Chenevert welcomed the agreement, saying it gives his defense dependent corporation more ability to plan for the future.
Originally published on Mon December 16, 2013 1:17 pm
Bill Battle peers through the window of a pickup truck at his catfish farm, Pride of the Pond, near Tunica, Miss. The land is pancake-flat, broken up by massive ponds, some holding up to 100,000 pounds of catfish.
Cormorants fly low over the ponds, keeping an eye out for whiskered, smooth-skinned fish. Battle keeps a shotgun in the front seat; business is hard enough without the birds cutting into his profit.
Originally published on Mon December 9, 2013 6:17 pm
MGM Resorts International appears to have cleared a key hurdle in the quest to build a resort casino in Springfield, Massachusetts. The results of a 10-month investigation by Massachusetts gaming industry regulators were released today.
The Affordable Care Act wasn't aimed at people who already get health care through their employers, but it's having such a revolutionary effect on the marketplace, they might end up feeling its effects anyway.
Originally published on Tue December 10, 2013 12:56 pm
Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.
The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."
It’s been a momentous year for the gun industry in many ways, and for Connecticut’s gun makers more than for most. Events in Newtown changed the landscape for an industry which some people feel is implicated in the tragedy.
Originally published on Thu December 5, 2013 7:03 am
All this month, our friends at Tell Me More are digging into the role of blacks in technology. You can join the conversation on Twitter with the hashtag #NPRBlacksInTech.
Software development is a huge and growing industry, and there are likely to be far more jobs in the future than there are folks to do them. But today, there's a paucity of blacks and Latinos in software development positions.
The public will soon have access to a one-stop web portal for information on tax credits and direct financial assistance the state is offering to help businesses grow and expand in Connecticut. Governor Dannel Malloy at a press conference in Bloomfield said taxpayers have the right to know what their state government is doing to promote economic development and job creation.
One hundred seventy three acres of office space in Simsbury is up for sale, formerly The Hartford, but now what? It’s not a new story. Decades ago, many corporate headquarters moved from cities to the suburbs into sprawling campuses surrounded by trees. Now with downsizing and cost cutting, many of these suburban “temples” sit empty.