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The rumors have been confirmed: Jeff Immelt has announced he’s stepping down as CEO of General Electric, after 16 years in the top job. Immelt was the moving force behind the relocation of GE’s headquarters from Fairfield, Connecticut to Boston. 

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Amazon has announced it’s to open a new distribution center in North Haven. The $255 million investment will eventually create 1,800 jobs.

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Several iconic Connecticut newspapers, including The New Haven Register, The Middletown Press, and The Register Citizen, have a new owner. New York-based Hearst Media has announced it has cut a deal to acquire the Connecticut assets of Digital First Media. 

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The Connecticut House of Representatives seems no nearer to a conclusion on expanding gambling in the state, and House Speaker Democrat Joe Aresimowicz said he doesn’t see the issue making it to a special session. 

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Connecticut’s biggest electric utility is to acquire one of its biggest water suppliers. Eversource has announced a deal to buy Aquarion in a $1.68 billion tie up. 

Updated at 11:46 a.m. ET

The U.S. economy added 138,000 jobs in May, according to the monthly jobs report released by the Bureau of Labor Statistics on Friday morning.

The national unemployment rate nudged lower, to 4.3 percent from 4.4 percent — a 16-year low. The 4.4 percent level had been the lowest since since 2007, before the recession hit.

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Economic development officials must grapple in coming months with the implications, should one of the state’s most iconic companies decide to move its headquarters out of Connecticut. 

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Health insurer Aetna has confirmed that it is in talks to move its headquarters out of Connecticut. But the company said it has no final destination yet. Nor has it said definitively what might happen to the thousands of employees currently based in the state. 

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The Connecticut Senate has passed a bill that would close the state’s fiscal deficit for this year. The unanimously approved measure plugs a $317 million hole, mostly by drawing on the state’s rainy day fund.

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New Haven-based Alexion pharmaceuticals, the company that specializes in the treatment of rare diseases, has been undergoing some turmoil in its executive ranks. That news is raising questions about the drug-maker's stability, and what it could mean for the city.

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Connecticut Governor Dannel Malloy said Thursday he might veto legislation aimed at providing more price transparency over prescription drugs. 

MMCT

The state Senate in Connecticut has approved a new satellite casino to be built in East Windsor by a joint partnership of the Mashantucket Pequot and Mohegan tribes. The measure passed 24-12 early Wednesday morning, marking a big step in a potential expansion of gambling in the state. 

United Nations Development Programme

The Department of Homeland Security has issued a six-month extension of temporary protected status (TPS) for thousands of Haitians. This allows them to live and work legally in the U.S.

Harriet Jones / WNPR

Connecticut lost jobs in April, according to the latest report from the state Department of Labor. And the state’s unemployment rate ticked upward 0.1 percent to 4.9 percent. The state shed 1,500 jobs in the month.

The WannaCry ransomware that attacked computers in 150 countries has lines of code that are identical to work by hackers known as the Lazarus Group, according to security experts. The Lazarus hackers have been linked to North Korea, raising suspicions that the nation could be responsible for the attack.

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