Business news

The first casino in Massachusetts netted $18 million in its first full month in business.

 People gambled $181 million at the Plainridge Park Casino in July, according to the Massachusetts Gaming Commission.  The casino kept $18 million. Over a full year it works out to $217 million in gross gaming revenue, which would be more than the state’s full-year projection of $200 million.  

Casino industry expert Clyde Barrow said Plainridge Park had a spectacular opening.

Mixabest / Creative Commons

New Haven and Fairfield Counties host many of the state’s fastest growing tech companies, according to a new listing. The Marcum Tech Top 40 is also strong on software and advanced manufacturing firms. 

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Connecticut manufacturers are closely watching events in China as the country allows its currency to devalue. Government control of the yuan has for years been a point of contention for companies, who said it gives Chinese manufacturers an unfair advantage in export markets.

Steven Depolo / Creative Commons

Connecticut’s annual sales tax-free shopping week begins on Sunday, but some shoppers might need to plan their purchases carefully to qualify. Only clothing and footwear items under $100 are eligible for tax-free purchase this year; in previous years, items could be up to $300.

Jason Tester Guerrilla / Creative Commons

A federal judge has dismissed a lawsuit brought against the ride-sharing service Uber by taxi and limousine companies in Connecticut. 

Embracing Risk in Our Working Lives

Aug 13, 2015
Quinn Dombrowski/flickr creative commons

Gone are the days of graduating from college, paying your dues with a few entry-level positions, and landing a 30-year career with a big corporation, complete with retirement benefits. on Flickr Creative Commons

A lawsuit against General Electric is being closely watched in boardrooms around America, as the company defends its decision to shut down its retiree health care plan.

Terex Corporation

Terex Corporation will become incorporated in Finland as it merges with a Finnish company. But officials say the construction equipment maker will retain a significant presence in Connecticut.

On Monday, Google CEO Larry Page announced the formation of a new parent company for Google called Alphabet. Page describes Alphabet as a collection of companies including Google, Life Sciences (which focuses on medicine and health issues), and Calico (a company that claims to tackle aging), among others.

The Massachusetts Gaming Commission has approved a delay in the opening of the MGM Springfield casino because of a highway reconstruction project.

The commission voted 5-0 Thursday to set a September 2018 opening date for the $800 million resort casino — a year later than originally planned.  

Although MassDOT says the reconstruction of I-91, which is right next to the casino site, could be done as soon as December 2017, MGM Springfield President Mike Mathis argued it was prudent to plan for a later finish.

Updated at 9:50 a.m. ET

The U.S. economy added 215,000 jobs last month, just shy of the number forecast by economists. The unemployment rate remained unchanged at 5.3 percent.

Wages were up slightly, and the number of long-term unemployed remained the same as June.

M 93 / Creative Commons

You don’t have to be an expert to see the auto industry is finally back on track. After the financial crisis several years ago and the $80 billion government bailout of GM and Chrysler, car manufacturers around the country seem to be doing quite well on their own these days.

Ryan Caron King / WNPR

Ninety-five people will lose their jobs at the state Department of Labor as Connecticut officials attempt to save $16 million a year in costs.

photoguyinmo / Creative Commons

Eight cities from Jackson, Mississippi, to Seattle are the first winners in a $42 million, 100-city data-use contest sponsored by former New York Mayor Michael Bloomberg's foundation.

Travelers CEO Jay Fishman to Step Down

Aug 5, 2015

The Travelers Inc. said that Chairman and CEO Jay Fishman will step down as CEO on Decemeber 1 due to health problems. 

Sage Ross / Creative Commons

Aetna has reported second-quarter earnings of $731.8 million, a 33 percent bump on the same time last year, and a number that exceeded analysts’ expectations. 

CIGNA Inc. / Wikipedia

The CEO of Cigna said he believes it will take a year to 18 months for regulators to review his company’s proposed merger with Anthem. 

Ray Hardman / WNPR

Musicians from the Hartford Symphony Orchestra and supporters gathered for a rally on Thursday at the Bushnell Center for the Performing Arts. 

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The Eastern Connecticut Health Network, which owns Manchester Memorial and Rockville Hospitals, is to be taken over by a California-based for-profit company.


The executive in charge of United Technologies Corp's building systems business, Geraud Darnis, is leaving the company in the latest management change under new CEO Greg Hayes. 

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

Goats Seized at Cornwall Farm Up for Auction

Jul 24, 2015
Courtesy Department of Agriculture

Thirteen goats from a herd which became part of the legislature’s budget discussions are being auctioned off. 

One of the nation’s most recognizable coffee chains, Dunkin’ Donuts, is expanding in the United States and abroad.

Dunkin’ Brands announced today that it opened 80 new Dunkin’ Donuts stores in the U.S. and 154 worldwide in the second quarter. The company is making a push into the coveted West Coast market, where the competition is brutal.

A new report says delays in building the two licensed resort casinos in Massachusetts could cost the state $ 1 billion in lost revenue. 

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It may be 2,500 miles from Connecticut to Southern California, but a highway problem there can still cause repercussions locally. 

UTC's Hayes Talks About Sale of Sikorsky

Jul 21, 2015
Christopher Ebdon / Creative Commons

One day after announcing the sale of its Sikorsky Aircraft Unit, Hartford-based United Technologies Corporation is talking about what comes next. 

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The Connecticut economy gained 600 jobs last month,  according  to a new analysis from the state Labor Department. Unemployment fell to its lowest level since July of 2008 : 5.7 percent.

Lockheed Martin to Buy Sikorsky

Jul 20, 2015
Sikorsky Aircraft

Hartford-based United Technologies announced last month it would look into the sale or spin-off of its helicopter business, Sikorsky Aircraft of Stratford. Now Bethesda, Maryland-based Lockheed Martin will purchase Sikorsky for $9 billion.

Katie McAuliffe

Eighty-six years to the day after ground was broken for Pratt and Whitney's East Hartford campus, company executives and workers and state and local officials gathered for a ceremonial groundbreaking for a new 425,000-square-foot global headquarters and engineering facility.

Seattle Municipal Archives / Creative Commons

A 1965 Senate subcommittee predicted that Americans would work 14-hour weeks by the year 2000. Needless to say, their prediction was a little off. Fifty years later, the five-day, 40-hour work week remains the standard here in the U.S.