Mohegan Sun said it will seek a recount in Palmer, Massachusetts, after the town rejected its billion-dollar resort casino plan. The proposal was defeated by just 93 votes: 2,657 for, to 2,564 against.
The Connecticut-based casino giant had been planning to bid for the western Massachusetts license early next year. The defeat means that MGM's plan to build a casino in downtown Springfield will be the only bidder for the western Massachusetts license.
Expectations are high this week as Twitter gets ready to go public.
The company raised its initial public offering price yesterday to $25 a share, up from $23. That would put the company’s value at around$13.6 billion — almost 12 times the value of its projected 2014 sales.
Twitter has 230 million users and not all of them are following Lady Gaga or Justin Bieber. A new Pew study shows 8 percent of Americans use Twitter to get news.
It may not be enough anymore to just be tech-literate. There is a mainstream push to teach people, both kids and adults alike, to be code-literate. On an episode of Where We Live, there was a discussion with people who code, making the case for more code education.
Five million dollars in state funding has been awarded to more than 20 organizations that will promote start-up businesses in Connecticut through the state's entrepreneurial ecosystem. CT Next was launched a year ago to try to create a climate that would support entrepreneurs and foster successful startup businesses. But the first year got off to a slow start, and there was disagreement about who should take the lead in developing the ecosystem.
Connecticut saw a boost in home sales in September. According to the Warren Group, a Boston-based real estate data firm, 2,326 single family homes sold in the state in the month. That’s up 21.4 percent from September of 2012.
Our schools teach a variety of foreign languages: Spanish, French, even Latin. But should we be focusing on the language of computer programming? Even NBA star Chris Bosh is asking everyone from young kids to the homeless to learn to code. Why aren’t we teaching it more? It seems like President Obama needs an army of coders to fix the glitchy HealthCare.gov website.
I've been writing a newspaper column for The Hartford Courant since 1982. For my first 15 years or so, I tended to write the column at The Hartford Courant. In the last ten years, I have written columns in the following places: a sports bar in San Francisco; a boat moving along the Rhine; the famous Brasserie Balzar in Paris; an outdoor clearing in the Yucatan jungle where, bizarrely, there was WiFi; and a living room in Kobe, Japan.
As they contemplate the first anniversary of super storm Sandy, some shore dwellers have given up and moved inland. Others are still determined to rebuild and continue. One shoreline restaurant is about to embark on its second major comeback.
A North Branford trucking company has been ordered to withdraw a lawsuit against two former employees who blew the whistle on dubious safety practices at the business. The Occupational Safety and Health Administration ordered Palumbo Trucking, and owner David Palumbo, to withdraw a retaliatory lawsuit that the company filed against two former workers.
Originally published on Wed October 23, 2013 6:59 pm
A Manhattan jury has held Bank of America liable for fraud related to bad loans its Countrywide Financial Corp. unit sold to Fannie Mae and Freddie Mac as the housing market soured.
The verdict was returned on Wednesday after several hours of deliberation in a month-long trial that focused on loans Countrywide completed in 2007 and 2008, as the housing crisis was already underway. Countrywide was acquired by Bank of America in 2008.
United Technologies reported a boost in third quarter earnings of 13 percent, at $1.55 per share, beating analysts' expectations. The Hartford-based conglomerate trimmed its full-year revenue estimates, however, because of the government shutdown and cuts in military spending.
Community banks are a vital part of the credit landscape, according to a new report. Despite their popularity with customers, their numbers are shrinking. Federal regulators joined with state authorities to take an in depth look at community banking around the country in what's being viewed as the most comprehensive study of its kind.
October is “Manufacturing Month” in Connecticut, and efforts are underway to create the next generation of engineers and innovators as part of the state’s “Dream It. Do It” program. Companies, nonprofits, academic institutions and the state government are working together to promote the high-tech sector to youngsters through month-long events such as “Manufacturing Mania,” where school kids are exposed to manufacturers and career opportunities.
General Electric saw a fall in third quarter profits, but investors sent shares up anyway, because of a record backlog of orders for the company.
Fairfield-based GE is considered a bellwether for the U.S. economy because of its wide reach across many industries. In the third quarter, profits fell by 18 percent to just over $3 billion, brought down by a fall in revenues at GE Capital, the conglomerate’s finance arm. The numbers were also hit by the expense of foreign currency transactions.
For many online and other small businesses, getting a loan or a big cash advance is tough. Banks and other traditional lenders are often leery of those without years of financial statements and solid credit scores.
But some lenders and other financial services companies are beginning to assess credit risk differently — using criteria you might not expect.
Jeffrey Grossman is an acupuncturist in Bellingham, Wash. He's also a small businessman. He creates media marketing materials for other acupuncturists hoping to expand their practice.
The ripple effects of the government shutdown are starting to extend beyond federal employees into the private industry. Small businesses are bracing for a range of issues from delayed regulatory approvals to a possible crunch in cash flow.
The Royal Swedish Academy of Sciences on Monday honored the three "for their empirical analysis of asset prices." The Nobel committees have now announced all six of the annual $1.2 million awards for 2013.
People who immigrate to the United States are twice as likely as native born Americans to start their own businesses. A new organization in Hartford says that entrepreneurial spirit needs to be fostered to help the city's economy.
August saw a big boost in home sales in Connecticut, with 2,893 homes sold that month. It's the highest number of single family homes sold for that month in six years, up ten percent from the same month in 2012.
On the surface, air travel appears very much the same as it did before the government shutdown. But there have been big changes behind the scenes. Even when there isn't a government shutdown in effect, most people involved in putting planes in the air are invisible to travelers.
The national unemployment rate for veterans has improved in recent years, hovering around the civilian rate of seven percent. At the height of the recession, returning Iraq and Afghanistan war veterans were unemployed at nearly double the rate of non-veterans. A host of programs have been created to help former servicemembers support themselves after their military service ended.