Business news

Just a few months ago, the price of a barrel of crude oil reached a 30-year low. That price has inched up since then, but still, it remains 60 percent lower than it was in the summer of 2014.

Pratt & Whitney

Pratt and Whitney’s original engine has been designated as a national engineering landmark. The honor for the Wasp comes around the 90th anniversary of its first flight. 

Andrew Love / Creative Commons

Are you feeling overburdened by student loan payments or the growing stack of credit card bills on your kitchen table? If you answered "yes" to either of those questions, you're not alone (especially if you're a young American).

PORTLAND, Maine - Southern New England's fading lobster fishery will be the subject of a battery of new regulations to try to save the crustacean's population locally.

The interstate Atlantic States Marine Fisheries Commission's American Lobster Management Board voted on Monday to use new management measures to address lobster decline.

In 2013, the number of adult lobsters in New England south of Cape Cod was estimated at about 10 million. That is one-fifth the total in the late 1990s.

A last-minute offer by electric carmaker Tesla Motors to open a regional distribution center in Connecticut may not be enough to persuade lawmakers to pass a bill allowing the company to sell its vehicles directly to consumers.

Harriet Jones / WNPR

The U.S. Navy recently picked Groton's Electric Boat shipyard to build 12 new submarines in what could be a $100 billion contract. 

Senate Bill One is usually the flagship legislation of any session, the Big Idea that signals lawmakers’ vision for the state. This year, it’s all about building entrepreneurship in Connecticut, but it hasn’t received the kind of fanfare you might expect. 

This post was updated at 7:45 p.m. ET.

A central neighborhood in Boston had been left out of Amazon's plans for free same-day delivery in the city. The company said on Tuesday that will change.

A Bloomberg analysis last week showed that the predominantly black Roxbury community did not have access to the Amazon Prime service, which is offered to all adjacent neighborhoods. After looking at nationwide data, Bloomberg called the disparity in Boston "the most striking."

Momoneymoproblemz / Creative Commons

Mixed news in General Electric's latest quarterly results. The (for now) Fairfield-based conglomerate reported better-than-expected first quarter profits, after adjusting for one-time items, but revenues were down about one percent. 


Power markets and utility regulators need to rethink the way they do business, as new technologies begin to change how we generate electricity.

Uber drivers will stay independent contractors, not employees, in California and Massachusetts, just as the ride-booking company had maintained they were. Uber is settling class action lawsuits by drivers in the two states for a maximum of $100 million.

In a statement, the company says it will pay the plaintiffs $84 million, plus another $16 million if Uber goes public and within a year increases in value by one and a half times over its worth in December.

A buyback of emissions-cheating cars was one solution Volkswagen offered in federal court Thursday, outlining an agreement between the carmaker and the Justice Department over hundreds of thousands of diesel vehicles that were sold in the U.S. despite not meeting pollution standards.

Car owners would be able to choose between having their vehicle fixed or accepting a buyback; financial details weren't revealed about the plan, which both the government and VW are calling an "agreement in principle."

Connecticut has seen robust growth in businesses owned by women over recent years, and much of the increase appears to be driven by minority entrepreneurs. 

Jackie Filson / WNPR

Protein Sciences, the Meriden-based vaccine maker, is setting its sights on the Zika virus. 

Yahoo goes on sale Monday. At least some of you reading this are thinking, "Yahoo? Are they still around?"

Yes, this company founded in 1994, is ancient by Internet standards, but, according to the measurement company comScore, Yahoo sites are the third-most trafficked on the Internet. Among its properties are Yahoo Finance, News, Search, Mail, Tumblr and Flickr.

neetalparekh via flickr.com / Creative Commons

Connecticut employers added just 300 positions in March, a big dip from the 4,100 jobs created in February. 

Harriet Jones

Hundreds of workers in Hartford are expected to go on strike Thursday in the long-running campaign to raise the minimum wage. The one-day stoppage once again calls for $15.00 an hour.

Nearly 40,000 workers at Verizon have gone on strike, objecting to, among other things, outsourcing and temporary location transfers.

The two unions representing Verizon workers say their employees have been without a contract since August. They call the walkout, which began at 6 a.m. ET Wednesday, "by far the largest work stoppage in the country in recent years."

NPR's Joel Rose tells our Newscast unit:

"The striking employees mostly work in Verizon's wireline business — landline phone, video and Internet — on the East Coast.

Mary Lou Cooke photo illustration / frye1989 / pixabay / WNPR / Creative Commons

Connecticut’s “new normal” sees its economy underperforming the nation as a whole. But the state still has core strengths that it can leverage in an effort to improve its economic performance.

A New Hampshire-based bakery chain is showing its support for Equal Pay Day Tuesday by giving female customers a break on their bills.

Women who visit The Works bakery locations in Concord, Keene, Portsmouth and Durham today will be charged only 79 percent of their bills.

Men will still have to pay full price.

That’s meant to highlight the oft-cited statistic of women earning 79 cents on the dollar compared to their male counterparts.

Robert Markowitz and Bill Stafford / NASA Robonaut Lab

The U.S. and world economies were revolutionized by globalization and later by the digital revolution. What's coming next? This hour, we sit down with someone who has an idea of what's to come. Alec Ross served as Senior Advisor for Innovation to then-Secretary of State Hillary Clinton. He tells us how emerging fields like robotics and genomics are changing the way we live and work.

General Electric plans to donate $50 million over the next five years to Boston and the surrounding area.

David Brancaccio

If you want to know where the economy’s going, who would you want sit next to on a plane? Fed chair Janet Yellen is a good answer. So is Ray Dalio, a legendarily successful investor. Dalio is founder and CEO of Bridgewater Associates, the largest hedge fund manager in the world. Dalio bases his investment decisions less on abstract financial data, and more on his reading of the macro economy.

Alan Light / Creative Commons

More than 70 airports in upstate New York are eligible to compete for a share of $200 million in state funds up for grabs in a new state competition from Governor Andrew Cuomo.

Pfizer and Allergan won't be merging after all, the companies announced Wednesday.

U.S. drugmaker Pfizer and Irish competitor Allergan were planning to combine into the largest pharmaceutical giant in the world.