finance

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Honeywell said it has dropped its pursuit of United Technologies. The announcement comes just days after it made its merger bid public. 

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New estimates show the projected deficit in Connecticut's main spending account has grown to about $266 million.

Ryan Caron King / WNPR

Say you’re a cash-strapped city, and scattered around town are houses where owners are behind on their property taxes.

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Governor Dannel Malloy seems to be at odds with his transportation commissioner over the issue of congestion pricing. It’s a way to discourage drivers from using highways, but its place in the state’s comprehensive transportation plan is uncertain.

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Home sales finished the year strongly, with a 17.9 percent bump in sales in December of 2015. It marked the best December for the housing market in Connecticut since 2006.

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Connecticut Governor Dannel Malloy is unveiling his proposed changes to the two-year state budget enacted last year.

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Hartford Treasurer Adam Cloud will take four years to pay taxpayers back roughly $10,000 -- money he was given for a raise no one remembers approving.

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Connecticut has received a $54 million federal grant to improve shoreline infrastructure and make portions of the state more resilient.

Chion Wolf / WNPR

A court monitor said the state is failing to meet critical measurements because of a lack of funding.

Ryan Caron King / WNPR Connecticut Public Radio

Governor Dannel Malloy's budget office is projecting Connecticut will end the current fiscal year with a deficit, despite a recent special legislative session that attempted to fix the fiscal problem.

University of Connecticut

A  new study shows few low-income Connecticut students earn bachelor degrees within six years of transferring from a community college. 

Ryan Caron King / WNPR

Hartford Mayor Luke Bronin announced Wednesday a deal between the city, the developer of Hartford’s new minor league baseball stadium, and the Hartford Yard Goats that will cover a $10.3 million shortfall to complete the stadium.

The city said the stadium will be ready for the team's home opener on May 31. The stadium was originally scheduled to open April 7. 

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New state revenue estimates show Connecticut continues to face deficit problems despite recent efforts by lawmakers to make spending reductions. 

Ryan Caron King / WNPR

The University of Connecticut has announced plans to award an additional $5,000 annually to students from Hartford public schools who meet certain academic and attendance goals. 

O.H. Bailey and Co. / Norman B. Leventhal Map Center at Boston Public Library

A Republican state representative in Rhode Island received maps of Providence dating back to 1882 as part of a public records request for information about the state's plan to install truck tolls. But information about possible toll locations was not included in the bundle of documents.

Jeff Cohen / WNPR

Hartford city Treasurer Adam Cloud said he will give back a $20,000 raise that neither the mayor nor the city council remembers approving.

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It goes by many names: the sharing economy, the collaborative economy, the peer economy, just to name a few. Whatever you want to call it, one thing's for sure: this new way of doing business -- where idle assets equal big profits, and the hard-earned currency of trust comes through user reviews -- is changing the economic landscape of our country.

One day after he was arrested on fraud charges, controversial drug executive Martin Shkreli has resigned his post as the leader of Turing Pharmaceuticals. Shkreli is currently free on bail.

Turing announced the change Friday, naming Ron Tilles, its current board chairman, as the interim chief executive officer.

"We wish to thank Martin for helping us build Turing Pharmaceuticals into the dynamic research focused company it is today, and wish him the best in his future endeavors," Tilles said in a statement about the move.

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Vin Baker was an Olympic basketball player and four-time NBA All Star. The journey from University of Hartford to professional basketball got him rich quick, but it was a lifestyle he couldn't keep up with.

Baker's struggle with alcoholism is well-documented, as is the fact he blew through $100 million. He lost his home and restaurant.

Former NBA Player Vin Baker: From Big Bucks to Starbucks

Dec 17, 2015
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Vin Baker, who grew up in Old Saybrook, was a four-time NBA All-Star player. He attended the University of Hartford and eventually became an Olympian. He went from relative obscurity to the big time in a flash. 

Ryan Caron King / WNPR

The off-the-air Back9Network allegedly didn't pay rent for things like video equipment and a robotic camera, according to a new lawsuit filed in state court. 

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The University of Connecticut's Board of Trustees has raised tuition by more than 30 percent over four years.

The two largest chemical companies in America will become one entity named DowDuPont, as Dow Chemical and DuPont say they're joining in a "merger of equals." The new company will have a market capitalization of around $130 billion.

After the merger, the resulting behemoth would be split into what Dow Chairman and CEO Andrew Liveris calls "three powerful new companies," with a combined revenue of around $83 billion.

Jeff Cohen / WNPR

Failed insurance executive Earl O’Garro took hundreds of thousands of dollars from the city of Hartford as part of an effort to enrich himself and buy a million-dollar beachfront condo in the Dominican Republic, prosecutors alleged during the first day of O’Garro’s federal trial Tuesday.

Jeff Cohen / WNPR

The federal criminal trial of a former insurance executive who brought unwanted attention to Hartford City Hall begins this week. 

UConn Today flickr.com/photos/uconntoday/6213709043 / Creative Commons

University of Connecticut officials plan to raise tuition by more than $3,000 for in-state students and $4,000 for out-of-state students over the next four years.

Puerto Rico has managed to make a payment due today on its bond debt, but officials are warning that the commonwealth's fiscal position remains tenuous.

As a result, the government will have to pay for essential government services by using money budgeted for upcoming debt payments, said Melba Acosta Febo, president of the Government Development Bank for Puerto Rico, in a statement. She added:

Consumers seeking health policies with the most freedom in choosing doctors and hospitals are finding far fewer of those plans on the insurance marketplaces. And the premiums are rising faster than for other types of coverage.

The U.S. drug giant Pfizer and its smaller rival Allergan have agreed to merge, creating the world's biggest pharmaceutical company by sales.

The $160 billion deal is the largest example so far of a corporate inversion, in which a U.S. company merges with a foreign company and shifts its domicile overseas in order to lower its corporate taxes.

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Are you wondering whether to buy or rent a home? Or how much to save for your child’s education? How much should you set aside for retirement, depending on your age? 

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