finance

RufusNunus / Creative Commons

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.

Sorin Popa/iStock / Thinkstock

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. 

thetaxhaven/flickr creative commons

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.

Mamata.mulay / Creative Commons

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.

Back9Network

The Back9Network, a cable and Internet-based network devoted to golfing that opened in Hartford with state assistance nearly two years ago, has suspended operations. Without elaborating Monday, Back9 cited a "temporary shortfall in capital."

The network said it is planning the next steps and will continue to seek long-term operating capital. 

Ethan Stock / Creative Commons

In a perfect world, we wouldn’t worry whether our food and working conditions were safe, or whether government regulators were keeping track of these things for us -- but we don’t live in a perfect world.

In fact, there’s a sense that if you run a big company, and you’re responsible for something really bad happening, that you’ll probably skate away with a slap on the wrist while somebody else has to live with the damage done.

A huge trove of leaked documents is shedding new light on the secretive Swiss banking industry.

The documents were downloaded by a former computer security expert at the giant bank HSBC, and they were released over the weekend by the International Consortium of Investigative Journalists.

Kuzma/iStock / Thinkstock

A Venezuelan hedge fund manager has been sentenced to 13 years in prison for running a massive Connecticut-based investment fraud scheme that involved hundreds of millions of dollars.

Francisco Illarramendi  expressed remorse during his sentencing Thursday in federal court in Bridgeport. He pleaded guilty to several fraud and conspiracy charges four years ago in what federal prosecutors have called their biggest white-collar criminal case ever in Connecticut.

A new report on the growth of court fines and fees that are charged to often-impoverished offenders is focusing on another group that pays: their families.

Jeff Cohen / WNPR

Republican legislative leaders held a press conference Thursday to call for changes in the state’s campaign finance laws, though leading Democrats said talking to them first might have been a better strategy. 

Joined by rank and file legislators, Senate Minority Leader Len Fasano and House Republican Leader Themis Klarides said state Democrats have consistently worked to undermine and erode the clean elections laws they worked to pass in 2005 after the conviction of former Governor John Rowland.

Chion Wolf / WNPR

Last week, Governor Dannel P. Malloy announced cuts to social services and health care in his second round of emergency rescissions to cut down the state budget deficit.

Malloy’s office projected a $121 million deficit last week. On Monday, the non-partisan Office of Fiscal Analysis estimated the deficit is closer to $202 million.

Chion Wolf / WNPR

Here's my favorite one. Eighty-four percent of Frenchmen rate themselves as above average lovers. Ninety-three percent of young drivers in another survey said they were above average. And, 68% of the faculty at the University of Nebraska place themselves in the top 25%.

All of those numbers reflect misplaced confidence. It seems to be genetically wired into us in certain ways.

The Archdiocese of St. Paul and Minneapolis has become the 12th U.S. diocese forced into bankruptcy by claims from alleged victims of clergy sexual abuse.

Chion Wolf / WNPR

Governor Dannel Malloy got a hint of the tough questions he may face over paying for his transportation priorities at Monday’s bond commission meeting. But the governor said he’s not yet ready to set limits on borrowing for this year.

CT-N

Governor Dannel Malloy announced that $5.75 million was approved Monday by the state Bond Commission to improve railroad stations on the Hartford Line and the New Haven Line. 

Andreas Poike/flickr creative commons

The end of the year is fast approaching, and our contributors on financial matters advise us to keep a close eye on capital gains.

Updated at 9:30 a.m. ET

Sen. Elizabeth Warren failed to stop a change in bank regulations last weekend, but she raised her profile yet again.

The Massachusetts Democrat tells NPR that her fight over a provision in a spending bill was a "warning shot." She intends to continue her fight against what she describes as the power of Wall Street, even though that fight brought her to oppose leaders of her own party.

vichie81/iStock / Thinkstock

Texas-based Tenet Healthcare has withdrawn a bid to buy five hospitals in Connecticut, citing regulatory demands. 

Post updated at 9:38 p.m. ET.

A massive federal spending bill finally won the House's approval Thursday night, less than three hours before a midnight deadline that threatened a federal shutdown. The measure's fate had been in doubt after it narrowly survived a rules vote earlier in the day. The final tally was 219-206.

Nathan Turner / Litchfield Jazz Festival

Several performing arts and literary publications in Connecticut have been awarded grants from the National Endowment for the Arts, totaling $290,000.

Oleksiy Mark/iStock / Thinkstock

United Technologies' stock has bounced back just a day after the departure of CEO Louis Chenevert. Shares in the Hartford based conglomerate ended Monday down 1.4 percent, following the shock announcement that former CFO Greg Hayes would take over the top slot. 

Pages