Business news

Updated at 9:50 a.m. ET

The U.S. economy added 215,000 jobs last month, just shy of the number forecast by economists. The unemployment rate remained unchanged at 5.3 percent.

Wages were up slightly, and the number of long-term unemployed remained the same as June.

M 93 / Creative Commons

You don’t have to be an expert to see the auto industry is finally back on track. After the financial crisis several years ago and the $80 billion government bailout of GM and Chrysler, car manufacturers around the country seem to be doing quite well on their own these days.

Ryan Caron King / WNPR

Ninety-five people will lose their jobs at the state Department of Labor as Connecticut officials attempt to save $16 million a year in costs.

photoguyinmo / Creative Commons

Eight cities from Jackson, Mississippi, to Seattle are the first winners in a $42 million, 100-city data-use contest sponsored by former New York Mayor Michael Bloomberg's foundation.

Travelers CEO Jay Fishman to Step Down

Aug 5, 2015

The Travelers Inc. said that Chairman and CEO Jay Fishman will step down as CEO on Decemeber 1 due to health problems. 

Sage Ross / Creative Commons

Aetna has reported second-quarter earnings of $731.8 million, a 33 percent bump on the same time last year, and a number that exceeded analysts’ expectations. 

CIGNA Inc. / Wikipedia

The CEO of Cigna said he believes it will take a year to 18 months for regulators to review his company’s proposed merger with Anthem. 

Ray Hardman / WNPR

Musicians from the Hartford Symphony Orchestra and supporters gathered for a rally on Thursday at the Bushnell Center for the Performing Arts. 

scantaur/iStock / Thinkstock

The Eastern Connecticut Health Network, which owns Manchester Memorial and Rockville Hospitals, is to be taken over by a California-based for-profit company.


The executive in charge of United Technologies Corp's building systems business, Geraud Darnis, is leaving the company in the latest management change under new CEO Greg Hayes. 

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

Goats Seized at Cornwall Farm Up for Auction

Jul 24, 2015
Courtesy Department of Agriculture

Thirteen goats from a herd which became part of the legislature’s budget discussions are being auctioned off. 

One of the nation’s most recognizable coffee chains, Dunkin’ Donuts, is expanding in the United States and abroad.

Dunkin’ Brands announced today that it opened 80 new Dunkin’ Donuts stores in the U.S. and 154 worldwide in the second quarter. The company is making a push into the coveted West Coast market, where the competition is brutal.

A new report says delays in building the two licensed resort casinos in Massachusetts could cost the state $ 1 billion in lost revenue. 

Daniel Deitschel/iStock / Thinkstock

It may be 2,500 miles from Connecticut to Southern California, but a highway problem there can still cause repercussions locally. 

UTC's Hayes Talks About Sale of Sikorsky

Jul 21, 2015
Christopher Ebdon / Creative Commons

One day after announcing the sale of its Sikorsky Aircraft Unit, Hartford-based United Technologies Corporation is talking about what comes next. 

glegorly/iStock / Thinkstock

The Connecticut economy gained 600 jobs last month,  according  to a new analysis from the state Labor Department. Unemployment fell to its lowest level since July of 2008 : 5.7 percent.

Lockheed Martin to Buy Sikorsky

Jul 20, 2015
Sikorsky Aircraft

Hartford-based United Technologies announced last month it would look into the sale or spin-off of its helicopter business, Sikorsky Aircraft of Stratford. Now Bethesda, Maryland-based Lockheed Martin will purchase Sikorsky for $9 billion.

Katie McAuliffe

Eighty-six years to the day after ground was broken for Pratt and Whitney's East Hartford campus, company executives and workers and state and local officials gathered for a ceremonial groundbreaking for a new 425,000-square-foot global headquarters and engineering facility.

Seattle Municipal Archives / Creative Commons

A 1965 Senate subcommittee predicted that Americans would work 14-hour weeks by the year 2000. Needless to say, their prediction was a little off. Fifty years later, the five-day, 40-hour work week remains the standard here in the U.S. 

Mr.TinDC / Creative Commons

Comcast, which operates 12 of Connecticut’s 25 local cable television franchises, is rolling out a new service.  It’s part of the effort by the cable industry to keep up with the changing demands of consumers -- but it may also be a warning sign for a Connecticut employer.

Meriden Named Part of Internet Access Initiative

Jul 16, 2015
Dennis Skley / Flickr Creative Commons

Meriden is one of more than two dozen locations around the country where low-income households will get high-speed Internet service under a federal program announced by the president Wednesday. 

Connecticut Ranked Most Energy-Expensive State

Jul 15, 2015
Ron Dauphin / Flickr Creative Commons

A study by the website ranks Connecticut top in the country in overall energy costs.  

New Rules For "Connecticut Grown" Label

Jul 14, 2015
Connecticut Department of Agriculture

Shoppers buying agricultural products certified Connecticut Grown at farmers markets will now be able to pinpoint their farm of origin.

Comcast to Add Mobile Streaming Video Option

Jul 14, 2015

The operator of 12 of Connecticut's 25 local cable television franchises has announced a new streaming video service. 

The Environmental Blog on Flickr Creative Commons

Amid complaints that planned federal rules to cut carbon emissions will hurt the economy, a new study says the northeastern states that already have moved in that direction are seeing economic benefits.

BotMultichillT / Creative Commons

The Commerce Department reports Connecticut exports reached a record $10.5 billion last year -- 30th in the nation. But the state’s U.S. senators warn that Congress’s inaction on the federal agency known as the Export-Import Bank could be putting some of that business at risk.   

Connecticut's Exports Reach Record $10.5 Billion

Jul 13, 2015
Jun Seita / Creative Commons

Federal officials say Connecticut exports powered by the aerospace industry reached a record $10.5 billion last year, ranking it the 30th largest export market in the nation.

New Council Aims to Boost State's Shellfish Industry

Jul 13, 2015
pinay06 (Wikimedia Commons)

Connecticut's shellfish industry and state regulators are taking the first steps to working cooperatively to promote the industry.

Can Big Data and Privacy Coexist?

Jul 13, 2015
Chion Wolf / WNPR

"Big Data" describes vast data sets that, when analyzed by algorithms, may reveal patterns, associations, and trends. In particular, these findings relate to human behavior and interactions.