Business news

Homeowners interested in switching to solar energy will soon have the option to do so with no upfront costs. The nation’s largest rooftop solar installer is coming to Rhode Island. Starting this week, California-based SolarCity will offer Rhode Islanders loans to buy home solar systems.

Jonathan Haeber / Creative Commons

Scattered across Connecticut’s landscape are thousands of old mills and factories. Places like the Gardiner Hall Jr. Company in Willington and Whiting Mills in Winsted now stand as architectural relics from our rich, industrial past. 

Sage Ross / Creative Commons

The leader of Connecticut’s largest business organization has written to Governor Dannel Malloy asking for an emergency summit on the budget. 

Baystate Health, the largest employer in western Massachusetts, has announced a round of job cuts.

Twenty-four employees are being laid off, hours cut for 17 workers, and 45 vacant positions will go unfilled.  Baystate spokesman Ben Craft said the cuts are across the board and almost all at the flagship hospital in Springfield.

"Largely support and administrative positions in both the clinical and business areas of Baystate Health. There are  no physicians or bedside nurses affected. Ten management positions are included," he said.

Kaman Aerospace

Kaman Aerospace is to start making helicopters in Connecticut once again. The announcement comes more than ten years after production ceased in the state.

Subway to Remove Artificial Ingredients by 2017

Jun 5, 2015
Thomas Hawk / Creative Commons

Fast food sandwich chain Subway announced yesterday that it will join a growing number of companies dropping artificial ingredients from their products. The chain, based in Milford, Connecticut, plans to rework its menu to remove artificial dyes and preservatives by 2017.

Lockley / Creative Commons

General Electric has confirmed it’s formally considering a move out of Connecticut. This comes after the passage of a budget bill that hikes corporate taxes. 

David Monniaux, Wikimedia Commons

Sikorsky has announced it will close its Bridgeport plant, and consolidate all of its Connecticut operations in Stratford. One hundred eighty people will lose their jobs in the state, as the helicopter maker lays off 1,400 people worldwide -- just less than ten percent of its workforce.

alancleaver_2000 / Creative Commons

The new tax obligations Connecticut wants to impose on its corporations are a growing trend around the nation. And some advocates say it’s a movement that’s long overdue.

Lockley / Creative Commons

General Electric has called the tentative Connecticut budget deal reached over the weekend "discouraging," and says it’s considering whether to remain located in the state. The corporation is concerned about new taxes.

Chion Wolf / WNPR

The two tribes that are bidding to build more casinos in Connecticut have welcomed a bill passed in the early hours of Friday morning by the state House of Representatives.

Electric Boat

A workforce training effort in Eastern Connecticut could contain lessons for the rest of the nation, but the state’s congressional delegation said money will be the roadblock.

The economy may be struggling in Eastern Connecticut with the decline of the casinos, but submarine maker Electric Boat provides a bright spot — the company expects to hire 2,000 people this year alone in Connecticut and Rhode Island.

Dwight Burdette / Creative Commons

Charter Communications, which just announced a $55 billion deal to buy Time Warner Cable, has been based in Connecticut for just a few years.

Harriet Jones / WNPR

Health care costs and cybercrime are top of the list of concerns for businesses in a new survey. Insurer Travelers carried out this survey of more than a thousand businesses of all sizes, the second year it's created a Businesses Risk Index.

Time Warner Cable and Charter Communications announced Tuesday that they had reached a merger deal.

Kenneth Lu / Creative Commons

Connecticut businesses are increasingly making their living selling goods and services overseas. A survey by the Connecticut Business and Industry Association says the number of companies in the state exporting has grown from 53 percent to 79 percent in the last eight years. 

EyeLights/iStock / Thinkstock

Unexpected price spikes in home energy bills have been a focus for legislators this session, but a new study says even programs designed to lessen the impact of your monthly bill could still be impacting your wallet. 

Tanger Factory Outlets

The Tanger Outlet mall that opens at Foxwoods on Thursday morning could bring two to three million new visitors to the casino each year. That’s the bet that the casino’s owners are making with the new $120 million destination retail venue. 

Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland and UBS AG have agreed to plead guilty to felony charges and pay billions in criminal fines, the Department of Justice says. The offenses range from manipulating the market price of U.S. dollars and euros to rigging interest rates.

Harriet Jones / WNPR

A large number of gun parts were seized by federal investigators from a Connecticut manufacturer, according to a report in the Hartford Business Journal. The paper said 3,000 assault rifle parts were taken from Stag Arms in New Britain as part of a larger investigation into possible illegal activity. 


State regulators have so far heard two days of testimony on how and whether to allow the Connecticut’s second largest electric utility to be taken over by a foreign corporation.

Pratt and Whitney

Pratt and Whitney says it's signed a deal to monitor engine data for customers of the Canadian plane maker Bombardier. It's the first major win for Pratt's data service, which it rolled out earlier this year.

Sarah Simpson / Creative Commons

Eversource Energy, the former Northeast Utilities, has found itself placed last in a ranking for customer satisfaction. 

Wage theft is rampant in the booming residential construction industry in Massachusetts, according to research from UMass Amherst.

     It has become standard practice in the home building industry in Massachusetts for subcontractors to illegally misclassify workers -- particularly immigrants — as independent contractors. The workers sometimes go weeks without pay, get no compensation for overtime, and are often paid less than they were promised. 

   Tom Juravich, a Umass Amherst labor professor detailed the abuses in a new paper.

Adavyd / Creative Commons

Small businesses owners descended on the Capitol to protest proposals for tax hikes in the Democrats’ draft budget. At a public hearing organized by Republican lawmakers, companies provided seven hours of testimony on the budget bill, which would extend sales tax to a new range of services. 

Jay Cox / Creative Commons

Business closures were up sharply in Connecticut in the first quarter of this year. New data from the Secretary of the State’s office show that almost 3,300 companies closed their doors between January and March.

ShellVacationsHospitality / Creative Commons

In the United States, men named John, James, Robert, and William hold more corporate board seats than women hold altogether. It’s a pretty striking reality, which begs the question: Why aren’t there more women in corporate America? 

Updated at 9:55 a.m. ET

The U.S. economy added 223,000 jobs in April, hewing close to expectations from economists, but the numbers fell short of a threshold that forecasters believe would signal an early rise in interest rates.

The unemployment rate dipped to 5.4 percent, according to data released by the U.S. Labor Department's Bureau of Labor Statistics.

Courtesy Alexion Pharmaceuticals

Alexion Pharmaceuticals, the Cheshire-based company, will cut an $8.4 billion deal to buy another drug maker. Alexion says it has an agreement to buy Synageva BioPharma, located in Lexington, Massachusetts, for the equivalent of $230 a share. 

FuelCell Energy

The world’s largest fuel cell park could be built in Connecticut. The park, which would occupy eight acres in Beacon Falls, would produce 63 megawatts of power, making it four megawatts bigger than the world’s current largest installation, near Seoul, South Korea.