finance

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State regulators look poised to reject a $3 billion foreign takeover of Connecticut’s second largest utility. 

Manufacturers in Connecticut are among those who say they’ll suffer with the expiry of the federal Export-Import bank. There are more than a hundred companies in Connecticut that use the services of the federal agency, known as the Ex-Im bank.

Financial Compatibility for Couples

Jun 11, 2015
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Financial burdens take a toll on our social lives, and can ruin a relationship.  Money, or more simply debt, often leads to arguments and even divorce. 

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  A new list of  the "best and worst cities to retire" puts Hartford and New Haven near the bottom.

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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.

Former Speaker of the House Dennis Hastert was indicted Thursday by a federal grand jury in Chicago. The Illinois Republican, 73, is charged with trying to evade cash withdrawal requirements, and with lying to the FBI about it.

What Can We Do About Student Debt in Connecticut?

May 26, 2015
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The federal reserve has calculated the amount of American student loan debt is over $1 trillion, greater than car loan and credit card debt. Lawmakers are trying to provide relief for students.

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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. 

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.

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At the beginning of this century, when tech stocks were hot and dot-coms were appearing everywhere, Yale professor and renowned economist Robert Shiller was already warning of a bubble -- and he was right. Years later, when housing prices were skyrocketing and millions of American were betting big on real estate, Robert Shiller again predicted an impending crisis. Sadly, he was right again.

Now, with the housing market showing signs of improvement, many are getting the sense that we’re finally out woods. And with this feeling returns the idea that buying a home today means financial gains down the road.

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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.

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Two UConn professors who’ve been accused of misusing funds from the National Science Foundation didn’t fully read documentation that required them to disclose a conflict of interest, according to state auditors.

There was no good news for the state from its latest revenue numbers. The Malloy administration’s previous estimates for tax receipts proved optimistic, and an April reality check saw the budget office now projecting a deficit of almost $162 million.

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Each year, for-profit corporations spend billions of dollars on reported lobbying expenditures. It’s a significant investment that’s placed American businesses among the most powerful forces in Washington, and in state houses like the one in Hartford.

Office of Dannel Malloy

A non-partisan working group to help find funding options for Connecticut's transportation infrastructure overhaul met for the first time on Tuesday.

Connecticut’s fiscal crisis is making strange bedfellows. Two groups usually at opposite ends of the political spectrum came together recently, to ask legislators to think differently about saving for a rainy day. 

Courtesy CT-N

State Treasurer Denise Nappier wants to shake-up the way Connecticut pays off its debt.
 Her proposal follows a sharp disagreement with Governor Dannel Malloy’s budget chief over the amount that should be set aside to service state debt in the upcoming two-year budget.

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The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut. 

The project brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. 

General Electric has announced plans to sell a large part of its financial arm, GE Capital, as it focuses increasingly its industrial businesses. GE Capital is a big money generator, but also a source of risk that made stockholders nervous. Analysts have congratulated GE on a bold move.

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The state has eliminated its sales tax on certain non-prescription medicines. The change will eliminate taxes on over-the-counter items like antacids, cough syrup, and pain medication. It also gets rid of the sales tax on dietary supplements and vitamins.

Ken Teegardin/SeniorLiving.Org / Creative Commons

There's a potential financial windfall waiting for thousands of Connecticut taxpayers. 

U.S. Sen. Richard Blumenthal said Friday that he's learned there is $13.4 million worth of unclaimed tax refunds from 2011 owed to Connecticut taxpayers. 

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What do we make of this economy and stock market right now? Why aren't people more positive about the good numbers? Why do the markets react every time there is a whisper of  raising interest rates? Join us for conversation with Bob and Charles Kreitler, from New Haven's Kreitler Financial, affiliated with Raymond James.

James Malone / Flickr Creative Commons

At the beginning of this century, when tech stocks were hot and dot-coms were appearing everywhere, Yale professor and renowned economist Robert Shiller was already warning of a bubble -- and he was right. Years later, when housing prices were skyrocketing and millions of American were betting big on real estate, Robert Shiller again predicted an impending crisis. Sadly, he was right again.

Now, with the housing market showing signs of improvement, many are getting the sense that we’re finally out woods. And with this feeling returns the idea that buying a home today means financial gains down the road.

Grendelkhan / Creative Commons

Snowstorms are being blamed for a drop in revenue and slot machine bets at Connecticut's two casinos last month.

Senate Democrats / YouTube

State Senate Democrats are hoping to place a limit on administrative costs at public colleges to help reduce the cost of tuition.

Tracy O / Creative Commons

Another ratings agency has placed a negative outlook on Connecticut’s general obligation bonds.

Governor Dannel Malloy's administration welcomed news that three of the four major credit rating agencies have reaffirmed the state’s AA rating. But Treasurer Denise Nappier described the news as bittersweet, because Standard & Poor's outlook on the bonds went from stable to negative. 

Former Westfield State University President Evan Dobelle has withdrawn his federal lawsuit against state and school officials blaming them for his departure, saying the legal fight's cost was too great.

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The legislature's transportation committee heard testimony Wednesday on two issues: highway tolls, and ways to ensure that all money deposited in the special transportation fund will go specifically for transportation improvement projects -- the so-called lockbox.

Dobelle's Lawyers Want Out

Feb 25, 2015

Lawyers for former Westfield State University President Evan Dobelle, who is suing state education officials, cite an "irreconcilable difference" and a failure to pay bills, in their effort to drop him as a client.

Chion Wolf / WNPR

Forty-eight school districts across Connecticut got a total of $428,000 to help them reduce the number of tests taken by students.

Districts are expected to use the money to analyze their current tests to ensure that they align to new state standards, provide value, and are not redundant with other tests.

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