Business

Bottom Five
11:02 pm
Wed July 2, 2014

Business Climate: Is Connecticut Really That Bad?

Perception or reality?

A recent study saw Connecticut drop once again in the ranking of business-friendly states. According to CNBC, we’re now among the bottom five states in the nation in terms of our business climate.

There is a view out there, however, that things may not be so bad after all.

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Unionization
10:53 pm
Wed July 2, 2014

Connecticut Studies Supreme Court Decision on Home Health Aides

Supreme Court
Getty Images

Governor Dannel Malloy’s office will study the implications of a Supreme Court ruling that weakens the power of unions to organize home health care workers.

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Hard Hittin' History
2:48 pm
Tue July 1, 2014

Voices From the Hardware City

Fafnir Bearing Company.
New Britain Industrial Museum

New Britain may lose its baseball team to Hartford, another blow to a city that, over the years, has lost many of its jobs, and many of the the iconic brands associated with the city.

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The Colin McEnroe Show
10:02 am
Tue July 1, 2014

Can Technology Save the World?

Wendell Wallach is the Chair of Technology & Ethics at the Yale Interdisciplinary Center for Bioethics
Chion Wolf

Let's take the most dire problem facing humankind: Climate change has so many negative implications it would take all day to list them. Meanwhile, there's the possibility of a sudden acceleration of a problem caused by the melting of Arctic ice, which exposes more ocean water to warming, which causes more melting, which causes more...well, you get the picture.

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Social Media
10:57 am
Thu June 26, 2014

Facebook's Diversity Numbers Are Out, And They're What You Expect

Numbers out Wednesday show almost 7 out of 10 Facebook staffers are male.
Photo Illustration: Joel Saget AFP/Getty Images

Originally published on Mon June 30, 2014 3:42 pm

The summer of tech company demographic data dumps continues apace. Facebook is the latest big firm to share its staff's racial and gender breakdowns, following similar releases from Google and Yahoo. Other tech firms NPR has reached out to say they are having conversations about whether they will do the same.

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Technology
11:27 am
Fri June 20, 2014

Yo Is The Buzzy App Of The Moment, Whether Yo Like It Or Not

justyo.co

Originally published on Fri June 20, 2014 2:41 pm

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Globalization
7:50 am
Fri June 20, 2014

Fairfield County a Mecca for Foreign Investment

Many of Stamford's finance jobs are provided by foreign-owned firms
DBen Wikimedia Commons

Fairfield County had the highest proportion of employment provided by foreign-owned companies of any metro region in the country. The figures came in a new study on the impact of overseas investment in the U.S.

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Preserving Michelangelo
11:58 am
Thu June 19, 2014

Carrier to Install New HVAC System in the Sistine Chapel

The famous frescoes of the Sistine Chapel
Antoine Taveneaux Wikimedia Commons

Farmington-based Carrier is to install a new heating, ventilation and air conditioning system in the Sistine Chapel as part of an effort to preserve the frescoes of Michelangelo.

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International Trade
9:32 am
Wed June 18, 2014

Connecticut Creates Deep Water Port Authority

Gov. Dannel Malloy signs the Connecticut Port Authority legislation in New London
Harriet Jones WNPR

Governor Dannel Malloy has signed into law a bill that will create a comprehensive port authority for the state of Connecticut.

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Made in Connecticut
9:26 am
Wed June 18, 2014

Connecticut Vaccine Company Gets $50 Million in Federal Funding

The Meriden labs of Protein Sciences.
Credit Harriet Jones / WNPR

Meriden’s Protein Sciences has been awarded a multi-million dollar extension to its contract with the federal government to provide flu vaccines.

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Courts
6:51 pm
Tue June 17, 2014

SunTrust To Pay Nearly $1 Billion For Mortgage Practices

SunTrust has agreed to pay $968 million as part of a settlement with the government over charges that it failed to comply with standards required for federally backed mortgages.

The settlement between SunTrust Mortgage and the Justice Department and other agencies includes money for homeowners and a requirement that the company improve its procedures for mortgage loans and foreclosures.

The Wall Street Journal reports:

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Made in Connecticut
11:09 am
Mon June 16, 2014

Helping Manufacturers Save For the Future

Hugh McCann at his Bridgeport factory.
Harriet Jones WNPR

As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.

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Made in Connecticut
9:27 am
Fri June 13, 2014

How Connecticut Manufacturing Businesses Have Beat the Odds For 100 Years

Bill Potvin at Hosmer Mountain Soda continues to sell flavors that are uniquely New England.
Sujata Srinivasan WNPR

The odds were never in favor of small businesses. Data from the Small Business Administration shows that only about one-third of all start-ups make it beyond the first ten years. 

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Technology
1:14 pm
Thu June 12, 2014

Facebook Ad Targeting Will Use Even More Of Your Data

Facebook says that starting soon, ad targeting will "include information from some of the websites and apps you use," making ads more relevant to users' interests.
iStockphoto

Originally published on Fri June 13, 2014 11:53 am

Facebook says it will pull from more user data, including browsing histories, to better target ads to consumers. As the changes roll out over the next few weeks, users will also have more control over their own data profiles, the ones that help determine which ads they see.

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State Growth
9:21 am
Thu June 12, 2014

Connecticut Economy: Good News! We're Not Dead Last

Credit Tracy O / Creative Commons

Connecticut's economy is showing positive growth, but it's very modest, according to newly-revised figures from the federal government.

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Manufacturing
2:43 pm
Tue June 10, 2014

CCAT Installs "World's Most Advanced" 3D Printer

Machining Applications Specialist Eric Wold uses the new ProJet printer.
Matthew Perry CCAT

The Connecticut Center for Advanced Technology has installed what it says is the world's most advanced 3D printer.

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Succession at The Stag
12:55 pm
Mon June 9, 2014

Liam McGee Steps Down as CEO of The Hartford

Retiring Hartford CEO Liam McGee.
Credit The Hartford

Liam McGee has announced he will relinquish day-to-day control at The Hartford Financial Services Group, after treatment earlier this year for a brain tumor.

McGee will be succeeded as CEO by Christopher Swift, who steps up from his position as Chief Financial Officer. Another internal candidate, Douglas Elliot, will become President. McGee will stay on as executive director of the board until the next shareholders' meeting.

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Made in Connecticut
4:49 pm
Thu June 5, 2014

Harpsichords Brought to Life at Zuckermann's Stonington Workshop

Artist Tatyana Nivina paints the soundboard of a harpsichord at Zuckermann Harpsichords International.
Shana Sureck WNPR

The little seaside town of Stonington has a storied reputation when it comes to one historic instrument. For the last 40 years, it's been a center of harpsichord production.

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Submarine Contract
9:47 am
Wed June 4, 2014

Connecticut Companies Urged to Bid for Navy Work

Electric Boat will build ten more Virginia Class submarines in the next five years.
Credit Electric Boat

Local manufacturers are being urged to consider offering their services to Electric Boat as the shipyard ramps up production in coming years.

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LEGO Heists
3:21 pm
Tue June 3, 2014

Leggo My Legos! Australian Toy Stores Hit By Series Of Thefts

An Australian detective says a recent string of Lego thefts sounds like the work of organized criminals.
iStockphoto

Originally published on Tue June 3, 2014 12:11 pm

Toy stores in Australia have been hit by a series of high-dollar Lego heists, and a police detective thinks the thefts might be the work of a crime syndicate specifically targeting the toys.

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Laying the Keel
12:36 pm
Tue June 3, 2014

Michelle Obama Sponsors New Electric Boat Sub

First Lady Michelle Obama signs her initials on a plate that will be mounted on the USS Illinois
Rhode Island Public Radio

First Lady Michelle Obama visited Rhode Island to help lay the keel for a new submarine being built by Groton's Electric Boat.

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Made in Connecticut
10:18 am
Mon June 2, 2014

Connecticut Manufacturers Foresee a Hiring Crisis

A representative from Capewell Components talks to a potential job candidate at a manufacturing careers fair.
CBIA

Connecticut's manufacturers expect to be doing lots of hiring in the next few years, but a recent survey shows they're worried about where all those new workers are going to come from.

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Extreme Weather
9:17 am
Mon June 2, 2014

Insurers Warn Against Complacency In Hurricane Season

State of Connecticut

Hurricane season has just begun, and insurers are gearing up to educate their customers on preparing for the storms ahead.

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Manufacturing
8:20 am
Fri May 30, 2014

DIY Dulcimer Kits Are a Musical Hit in Connecticut

Students at the Middle School of Plainville play dulcimers in teacher Laurel Schwartz's class.
Diane Orson WNPR

The word dulcimer means "sweet sound." There’s no better way to describe this American folk instrument.

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New York Times
7:47 am
Fri May 30, 2014

'Period Of Turmoil' Preceded Abramson Firing, Says Top Editor At 'Times'

New York Times Executive Editor Dean Baquet, seen in 2006 while serving as editor of the Los Angeles Times, said in an interview with NPR that he doesn't believe his predecessor, Jill Abramson, was fired because of gender.
Bill Haber AP

Originally published on Fri June 6, 2014 9:57 am

Dean Baquet sat in his new office in Midtown Manhattan, the very picture of composure and precision, as he described the top-level dysfunction that led to the firing of Jill Abramson as executive editor of The New York Times and his promotion to replace her as the top news executive there.

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International Trade
2:08 pm
Thu May 29, 2014

Middlefield Firm Wins Top National Export Award

tcly/iStock Thinkstock

A Middlefield company has been presented with the President's Award for Exports at a ceremony in Washington, D.C.

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Technology
5:34 pm
Wed May 28, 2014

Apple Buys Dr. Dre's Beats Electronics For $3 Billion

Apple announced Wednesday that it is acquiring Beats Electronics for $3 billion. Beats, the headphone and music streaming specialist, also brings the swagger of rapper Dr. Dre and recording impresario Jimmy Iovine.
Michael Dwyer AP

Originally published on Wed May 28, 2014 7:41 pm

Apple announced Wednesday that it is acquiring Beats Electronics, agreeing to pay $3 billion for the audio equipment and subscription streaming music service founded by Dr. Dre and producer Jimmy Iovine.

While it is relatively small in comparison with major acquisitions made by other tech companies, the deal represents the largest-ever for 38-year-old Apple.

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Technology
2:56 pm
Wed May 28, 2014

Google Is Becoming A Car Manufacturer

Google X is building a few hundred self-driving cars that have no steering wheel, accelerator pedal or brake pedal.
Google

Originally published on Wed May 28, 2014 4:35 pm

Google is taking a detour into the world of automobiles, by becoming a carmaker.

But not just any car: a car that drives itself. In an effort to create a fully, 100 percent self-driving vehicle — something that needs no human being at the steering wheel — the company is building a car without a steering wheel.

Scientists at the company's research wing, Google X, have been working on this project hush-hush for the past year.

Today's Self-Driving Car

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Banking Regulation
8:45 am
Wed May 28, 2014

Reports: Royal Bank of Scotland to Slash Hundreds of U.S. Jobs

The Royal Bank of Scotland's headquarters building in Stamford.
Credit Royal Bank of Scotland

The Royal Bank of Scotland could lay off hundreds of its U.S. employees, according to new reports. The company has its North American headquarters in Stamford.

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Pharmaceuticals
8:36 am
Tue May 27, 2014

Pfizer Drops $119 Billion Bid For AstraZeneca

William Vazquez AP

Originally published on Tue May 27, 2014 7:57 am

It would have been the biggest deal the pharmaceutical industry has seen in more than a decade. But for now, it's off the table.

Pfizer has withdrawn its offer to buy British drug company AstraZeneca for about $119 billion.

American pharmaceutical giant Pfizer, which makes Lipitor and Viagra, has been circling its smaller rival AstraZeneca for months.

AstraZeneca, which makes Nexium and Crestor, has rejected every offer saying Pfizer undervalues the company, and that it wants to remain independent.

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