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When the National Security Agency lost control of the software behind the WannaCry cyberattack, it was like "the U.S. military having some of its Tomahawk missiles stolen," Microsoft President Brad Smith says, in a message about the malicious software that has created havoc on computer networks in more than 150 countries since Friday.

Brett Hondow / Creative Commons

One of the major ratings agencies has downgraded Connecticut’s general obligation bonds, making it more expensive for the state to borrow money. Fitch Ratings downgraded the state from A+ to AA-. 

Updated Sat. May 13 at 10:10 a.m. ET

Cyber security experts are still scrambling to contain a global ransomware attack that has infected tens of thousands of computers in nearly 100 countries, including the U.S., U.K., Russia, China, Ukraine, and India.

The Walt Disney Co. reported better-than-expected quarterly earnings on Tuesday.

Theme park profits, which climbed 20 percent, and movie incomes, which soared 21 percent, helped the company beat analysts' estimates for the January through March quarter.

Adding to the company's success was the live-action adaptation of Beauty and the Beast. The remake of the 1991 animated movie has become the highest-grossing PG-rated movie of all time in the U.S.

Sinclair Broadcast Group, based outside Baltimore, announced Monday it had struck a $3.9 billion deal to obtain dozens of local television stations by acquiring Tribune Media.

The move, seen as likely to win approval of federal regulators with only modest concessions, would further propel consolidation in the industry. It would also offer a greater reach for one of the nation's most conservative media companies.

The U.S. economy added 211,000 jobs to nonfarm payrolls in April, the Bureau of Labor Statistics says. The number is a sharp rebound from March, when fewer than 100,000 jobs were created.

Both the national unemployment rate, at 4.4 percent, and the number of unemployed people, at 7.1 million, saw only incremental changes last month, according to the bureau. By falling from 4.5 percent to 4.4 percent, the unemployment rate remains at low levels that were last seen in 2007, before the recession hit.

Connecticut must decide whether to continue with a project to help private sector workers save for retirement, after the U.S. Senate scrapped a rule supporting the plan. Republican senators voted to remove an Obama-era guideline that helped states to administer retirement plans for workers whose employers don't offer the benefit.

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Economic incentives like loans and tax breaks for companies have been a controversial subject in recent years. And now a new study shows Connecticut doesn’t follow national best practices in monitoring the effects of its own generosity. 

Fox News co-President Bill Shine has resigned and will leave the network within a few weeks, Fox News announced Monday afternoon.

Shine's departure is part of the aftershocks of the sexual harassment scandal that has gripped the network since last summer, leading to the departure of former Fox News Chairman Roger Ailes last July and of star host Bill O'Reilly last month.

ESPN

Bristol-based sports media giant ESPN has announced major layoffs. The company said the cuts are linked to changes in how fans want to watch sports. 

Harriet Jones / WNPR

There was a lot of talk during the election campaign about bringing jobs back to America, and revitalizing manufacturing.

That’s a topic that resonates in Connecticut, where there’s a complex ecosystem of aerospace parts makers.

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The Hartford announced plans to donate $3 million to the Boys and Girls Clubs of America for a new workforce development initiative. 

Fox News star Bill O'Reilly has been ousted from the network after fresh allegations of sexual harassment surfaced last month, and the TV franchise again faces scrutiny over whether its culture perpetuates such behavior. Fox already ousted its CEO, Roger Ailes, over claims of sexual harassment, and The New York Times reported the network has already paid out $13 million to settle five claims against O'Reilly since 2002.

Updated at 6:15 p.m. ET

Fox News is parting ways with Bill O'Reilly, who for years stood as one of cable news' most popular hosts. The network's parent company, 21st Century Fox, announced the move in a statement Wednesday.

"After a thorough and careful review of the allegations, the Company and Bill O'Reilly have agreed that Bill O'Reilly will not be returning to the Fox News Channel," the statement read.

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Yet another legislative committee grappled this week with the best way to expand casino gaming in the state. The Finance Committee was considering a bill that would solicit bids for the building of a third casino in the state in an open competitive process. 

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