Business news

Under fire for misleading governments and customers about its diesel cars' emissions, Volkswagen has a plan to recall millions of vehicles so it can fix the problem. The company has said it sold 11 million cars worldwide that use software to limit emissions only during official testing.

The news comes from a large internal meeting at the company led by Matthias Mueller, who took over as VW's leader last week after Martin Winterkorn's resignation.

Voters in Springfield may get a chance to weigh- in on the controversial changes proposed for MGM’s resort casino project. 

Springfield City Councilors at a special meeting Tuesday will consider adding a non-binding referendum to the Nov. 3 election ballot. 

The question proposed by council president Mike Fenton asks if voters support changing the development agreement between MGM and the city to eliminate a high-rise glass façade hotel from the casino project.

Citing a lack of enough oil to make the project worthwhile, Royal Dutch Shell Oil is halting its effort to drill for oil off Alaska's shore "for the foreseeable future." The company has spent some $7 billion on the exploration project.

Embattled carmaker Volkswagen has named Matthias Mueller to take the wheel after CEO Martin Winterkorn stepped down earlier this week in the wake of a growing scandal involving some 11 million diesel vehicles equipped with software that cheated emissions testing.

Connecticut Technology Council

A software firm that helps community banks comply with government regulations has been named as the fastest growing technology company in the state.

At Volkswagen, damage control is in full swing after it was revealed the automaker had, for seven years, equipped its vehicles with software capable of fooling emission tests.

A top state gambling official says New York remains on track to award up to three long-awaited casino licenses before the end of the year.

Officials from MGM Resorts Thursday sought to persuade at times skeptical Massachusetts casino industry regulators that proposed design changes to the company’s Springfield casino project would be an improvement and not a downsizing.

One day after Volkswagen CEO Martin Winterkorn announced his resignation over the German automaker's use of software to dupe emissions control tests, European countries are conducting new tests — and the Auto Bild site says a BMW diesel model also failed to meet European standards.

The city council in Springfield, Massachusetts has scheduled a special meeting to vote on a sizable tax break for a subway car manufacturer after a vote at a regular meeting was unexpectedly delayed. 

The Springfield City Council will meet Tuesday to vote on a tax incentive agreement with CRRC USA Rail Corp, which is planning to build a $95 million factory in east Springfield to build subway cars. The agreement,  if approved, would save the Chinese company $10 million over a 10-year period in exchange for a promise to create at least 150 jobs.

Report Warns Of Boston's High Inequality

Sep 23, 2015

Income inequality in Boston has widened considerably over the last dozen or so years, a new report from The Boston Foundation details. / Creative Commons

Connecticut hospital executives are asking the General Assembly to intervene and prevent $63.4 million in new cuts to state Medicaid payments to their health care facilities.

Wynn Resorts Holdings, LLC

Massachusetts is urging a judge to dismiss lawsuits challenging its decision to award Wynn a casino license.

MGM Springfield

MGM Resorts International has announced plans to reconfigure the hotel it will build as part of its new casino complex in Springfield, Massachusetts.

Mashpee Wampanoag Tribe / Facebook

Tribal and city officials are touting the economic benefits of a $500 million resort casino that the Mashpee Wampanoag tribe hopes to build in the city of Taunton, Massachusetts, 40 miles south of Boston.

When Apple recently updated its TV box the redesign included a remote that also functions as a game controller. Apple isn't trying to compete with powerful consoles such as Microsoft's Xbox or Sony's PlayStation. But, Apple is competing with Google and Amazon to attract a much bigger but different gaming audience.

Plans by the Mashpee Wampanoag Tribe to build a casino in Taunton, Massachusetts, will not affect Twin River's quest to create a so-called "convenience casino" in Tiverton, a Twin River spokeswoman said Monday,

"It has no bearing on our plans in Tiverton," spokesman Patti Doyle said.

The Mashpee Wampanoags are staging a noon Monday news conference at Taunton City Hall to discuss their plans.

A new study shows people exited New York in droves in 2013, and while there is disagreement as to why they left,  another report suggests taxes could be playing a significant role.

Ken Teegardin / Creative Commons

Connecticut's Insurance Commissioner has sold off stock she held in Cigna, her former employer. 

purple_onion / Creative Commons

It wasn’t that many years ago that gambling was seen as a pretty good bet when it comes to improving the state’s economic situation. In Connecticut, two tribal casinos were thriving and spinning off slot revenues into the general fund. Then came the recession and declining revenues just as other states started to get into the gambling business.

Now, in a move that couldn’t have been predicted a decade ago, both state tribes have agreed to work together on a new casino to help stave off a threat from Massachusetts. That plan is now under legal attack.

Carol M. Highsmith / Creative Commons

United Illuminating has reached an agreement with the state to pay for the massive environmental cleanup of a polluted former power plant site in New Haven.

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Apple Growers Enthusiastic About Fall Crop

Sep 17, 2015

It’s September, and apples are clustered on tree branches across New England and New York.  Orchardists are expecting an ample, though not quite bumper, crop across the region.

JD Lasica / Creative Commons

U.S. Senator Chris Murphy said that he, U.S. Senator Richard Blumenthal, and U.S. Representative Jim Himes met with General Electric Co. chief executive Jeff Immelt in an effort to keep the industrial giant from leaving Connecticut.

MGM Resorts International

MGM Resorts doesn’t have anything nice to say about the newly formalized partnership between the Mashantucket Pequots and the Mohegans in Connecticut. 

New Lebanon, New York is a town of roughly 2,300 people nestled in between the Berkshire Mountains and the Hudson Valley. In a town that small you might wonder why anyone would stop other than to fill up the gas tank or grab a bite to eat, never mind a tourist attraction. But what if the attraction was life in a small town itself? WAMC’s Jim Levulis explores an effort to immerse people in the backbone of America.

Chuck Miller / Creative Commons

A new commission charged with improving Connecticut's economic competitiveness wants input on exactly why companies like General Electric don't believe the state is a good place to do business. 

United Technologies Corp.

United Technologies Corp. officials have announced a reorganization that includes running the subsidiaries Otis Elevator and United Technologies Climate, Controls and Security as stand-alone businesses with new presidents. 

JD Lasica / Creative Commons

General Electric’s CEO said the company will decide in the fourth quarter of this year whether to move out of Connecticut.

Jeff Immelt spoke publicly for the first time about the possibility of the relocation in an interview on CNBC.

The tribes that own Connecticut’s two casinos signed a partnership today to pursue developing a third casino to compete with the planned MGM Resorts casino in Springfield.

MGM has denied it might downsize the $800 million dollar hotel-casino complex planned in Springfield if faced with competition close by in Connecticut. 

Springfield Mayor Domenic Sarno Thursday said he expects MGM to build a resort casino that will employ 3,000 people, as promised.