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Business

Xerox Corporation

Xerox has announced it will keep its headquarters in Connecticut, after it splits off its document management arm into a separate company. The state will give Xerox a $4.4 million low-interest loan to retain its 150 workers in Norwalk. The company said it may also add between 20 and 40 jobs over four years. 

BMS

As one of Connecticut's giant pharma companies announced it will exit the state for good, advocates for the biotech sector said it's vital to try to keep talented workers from Bristol-Myers Squibb in the state. The pharmaceutical company has announced it will shutter its Wallingford campus by the end of 2018. 

Electric Boat

Submarine maker Electric Boat is about to resurrect its long-dormant apprenticeship program. It’s one more way to ensure the shipyard can find enough talented workers in coming years. 

Why We Leave and Why We Stay

Dec 8, 2016
Nicolas Raymond / Creative Commons

Recently we did a show about the science of loving where you live and we heard from plenty of Connecticut residents who really do love living here. But that sentiment is not shared by everyone. Some residents say high taxes are driving them away to places like Florida and North Carolina.

This hour, we talk about out-migration from Connecticut. We also explore the number of people who are moving into the state — what’s known as in-migration. And we want to hear from you. Are you looking to leave Connecticut once you retire? If not, why do you want to stay here?  

The Supreme Court has weighed in on a patent battle between Samsung and Apple, siding with Samsung by declaring that the patent infringement for an element of a design should be treated differently from the infringement of an entire design.

The dispute between the two tech giants isn't about whether Samsung violated Apple's patents, but rather about how much money it's reasonable for Samsung to pay for the infringement.

Emmanuel Huybrechts / Creative Commons

Connecticut’s declining jobs numbers in recent months have made the contrast with its New England neighbors even more stark. While the Nutmeg State has yet to regain all the jobs it lost in the great recession, Massachusetts is seemingly booming. 

Harriet Jones / WNPR

Thousands of machinists at Pratt and Whitney begin work under a new contract on Monday, after union members voted over the weekend to ratify the deal with management. 

A federal court has fined a Connecticut investment company $22 million for running a Ponzi scheme. Sharon-based Wilkinson Financial Opportunity Fund bilked 30 investors out of $11 million.

Lori Mack / WNPR

A federal judge has ordered a 24-hour grocery on the campus of Yale University to pay several former employees a total of $170,000 in damages, after they were forced to work for as little as $3.00 an hour.

FuelCell Energy, Inc.

Danbury-based FuelCell Energy, Inc., announced Thursday it will cut nearly 100 jobs, news which comes on the heels of a decision by the state to pass over several clean energy proposals submitted by the company.

Unemployment dropped by 0.3 percentage points, to 4.6 percent, last month — the lowest rate since 2007 — according to the monthly jobs report from the Bureau of Labor Statistics.

On Donald Trump's visit to Carrier in Indiana on Thursday, he mentioned a phone call that he made to the CEO of United Technologies, the air conditioning company's parent. As Trump describes it, that call led to Carrier announcing it will not move as many jobs to Mexico as it had planned.

"We can't allow this to happen anymore with our country. So many jobs are leaving and going to other countries, not just Mexico," Trump said.

The announcement that President-elect Donald Trump and Vice President-elect Mike Pence helped persuade Carrier to keep 1,000 factory jobs in the U.S. is a pretty big win. After all, they ran on a message of protecting The American Worker, and Trump isn't even in the White House yet.

Mystic Aquarium

The state’s chambers of commerce say they want to be the ones to step up and oversee regional tourism promotion, now that the state of Connecticut has defunded its tourism districts. 

Emmanuel Huybrechts / Creative Commons

Labor pains and lessons from the north.

As Connecticut comes to terms with recent job loss, Massachusetts emerges as a regional leader in statewide job recovery. This hour, we explore the latest job market trends and find out what Connecticut stands to learn from the Bay State. 

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