industry

Rhode Island
3:58 pm
Tue December 16, 2014

Rhode Island Governor-Elect Taps Stefan Pryor as First Commerce Secretary

Stefan Pryor in a WNPR file photo.
Chion Wolf WNPR

Rhode Island's governor-elect Gina Raimondo has picked Connecticut Education Commissioner Stefan Pryor, a fellow Yale alum with experience leading economic-development efforts in New York and New Jersey, as her choice to be Rhode Island's first commerce secretary.

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Springfield
3:24 pm
Thu December 11, 2014

Hundreds Hear MGM Officials Outline Casino Construction Plans

Hundreds attended a construction information meeting hosted by MGM Resorts,which plans to start building an $800 resort casino in downtown Springfield next year

Originally published on Thu December 11, 2014 10:52 am

More than 400 business owners, contractors, and tradesmen packed a meeting Thursday morning to find out how to bid for work building the MGM Springfield casino. 

MGM officials outlined a construction timetable, explained hiring goals for women, minorities and veterans, and provided contact information. Hunter Clayton, MGM Resorts top construction official said building the casino, hotel, retail stores, restaurants and other amenities is a unique and special project.

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Hartford History
9:10 am
Thu December 11, 2014

Senate Vote Nears on Making Hartford's Coltsville a National Park

Hartford Mayor Pedro Segarra in October 2013 announced a plan to borrow $5 million and build more apartments at the former Colt factory.
Credit David Panagore

The effort to turn Hartford's historic Colt gun factory into a national park is continuing. 

A century and a half ago, the Colt complex was where Sam and Elizabeth Colt made the revolver. Now, it's a fundamental part of the country's industrial history, and supporters want to turn it and some of the surrounding neighborhood into a national park.

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Still Revolutionary
8:21 am
Thu December 11, 2014

Key Issues Forum Focuses on Innovation

Dan Haar moderates the Key Issues Forum.
CPBN

The Hartford Courant presented a Key Issues Forum on Thursday morning in collaboration with the Connecticut Public Broadcasting Network. 

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Journalism
2:51 pm
Wed December 10, 2014

Alan Rusbridger, Editor Of 'Guardian,' To Step Down

Alan Rusbridger said today that he will step down as editor in chief of the Guardian next summer. Rusbridger oversaw the U.K. newspaper's publication of Edward Snowden's leak of classified material.
Alastair Grant AP

Alan Rusbridger, best known in the U.S. for shepherding the Guardian newspaper through its Pulitzer Prize-winning coverage of Edward Snowden's leaks of classified material, will step down as editor in chief of the British newspaper next summer. He said today he will become the chairman of the Scott Trust, which runs the Guardian.

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Springfield
10:10 am
Wed December 10, 2014

MGM To Discuss Casino Construction Plans With Interested Builders

Originally published on Wed December 10, 2014 6:40 am

MGM officials have invited contractors to a meeting this week in Springfield, Massachusetts to discuss the company’s casino construction plans.

At the public meeting Thursday at the MassMutual Convention Center, there will be a presentation about the design and the construction timetable for the $800 million development in downtown Springfield.  Chris Boss, a carpenter from West Springfield said a project of this scope is a once in a lifetime opportunity for people in the construction trades.

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Connecticut Business Briefs
11:24 am
Tue December 9, 2014

UTC Appoints New CFO

UTC's new CFO, Akhil Johri.
Credit United Technologies

United Technologies is bringing back a long-time executive to serve as chief financial officer.

Akhil Johri succeeds Greg Hayes, who became president and CEO of the conglomerate last month after the unexpected departure of CEO Louis Chenevert. 

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Olive Oil
6:11 pm
Mon December 8, 2014

Olive Oil Producers In 'Crisis' From Weather, Pests And Disease

Damaged olives hang in the grove belonging to Augusto Spagnoli, an oil producer from Nerola, near Rome. Producers and experts declared Italy's 2014 olive harvest the worst in history, due to adverse climatic conditions that helped the olive fly proliferate, thus destroying the olives before they could be harvested.
Alessandra Tarantino AP

Originally published on Thu December 18, 2014 6:15 pm

There's been a dramatic drop in oil production, but it's not barrels of light sweet crude. It's olive oil.

Curtis Cord, publisher of the Olive Oil Times, tells Audie Cornish on All Things Considered there are many reasons why production has fallen so much in Italy and Spain this year.

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Health Care
11:32 am
Mon December 8, 2014

Operating Profits Drop at Connecticut Hospitals: New Report

Windham Hospital in Willimantic.
Credit C-HIT

Connecticut’s acute-care hospitals saw gains from their operations tumble 35 percent in the last fiscal year, with seven of 29 hospitals reporting operating losses, according to a new state report.

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Technology
4:14 pm
Tue December 2, 2014

Apple's Success Continues Under Tim Cook, But Steve Jobs Still Looms Large

Apple CEO Tim Cook discusses the iPhone 6 and iPhone 6 Plus. Apple's market capitalization neared $700 billion late last month.
Marcio Jose Sanchez AP

Originally published on Tue December 2, 2014 5:55 pm

Since Tim Cook has been CEO of Apple, the company's market capitalization (or the value of its outstanding shares) has increased by more than $300 billion. On Nov. 26, it reached its highest level yet, almost $698 billion.

Numerically, this is a feat. Quartz says, "In nominal terms no company has ever been as big as Apple." Of course, Quartz goes on to say that, adjusted for inflation, Microsoft was bigger at its 1990s peak.

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Orion
5:45 am
Tue December 2, 2014

NASA Prepares To Test New Spacecraft (That You've Likely Never Heard Of)

The Orion capsule is poised to make its first test flight Thursday. If all goes as planned, the unmanned vehicle will orbit Earth twice before splashing into the Pacific Ocean.
Kim Shiflett NASA

Originally published on Wed December 3, 2014 3:43 pm

NASA is about to launch a new spaceship into orbit, and Mallory Loe has never heard of it.

"I mean, technically, NASA doesn't have another spaceship, do they?" she asks incredulously during a visit to the Smithsonian National Air and Space Museum in Washington, D.C.

She's hardly the only one who doesn't know about this new spacecraft. In fact, none of a half-dozen tourists NPR interviewed in the museum's lobby was aware of the Orion spaceship.

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Emissions
3:12 pm
Wed November 26, 2014

EPA Proposes New Rules To Curb Ozone Levels

Environmental Protection Agency Administrator Gina McCarthy testifies at an oversight hearing of the Senate Environment and Public Works Committee on Capitol Hill in Washington on July 23.
J. Scott Applewhite AP

Originally published on Wed November 26, 2014 1:49 pm

The U.S. Environmental Protection Agency unveiled new rules today to reduce emission levels for smog-causing ozone, which is linked to asthma and other health problems.

The draft measure calls for lowering the threshold for ozone from 75 parts per billion to between 65 ppb and 70 ppb. The agency said it would take comments on an ozone level as low as 60 ppb.

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Corporate Leadership
2:15 pm
Mon November 24, 2014

Mystery Surrounds UTC Change of Command

New UTC CEO Greg Hayes
Credit UTC

Investors and employees have been left baffled by the sudden resignation of Louis Chenevert, the chief executive of United Technologies. 

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Connecticut Business Briefs
9:12 am
Mon November 17, 2014

Pfizer, Merck in Cancer Drug Partnership

Cancer cells in a 3D rendering. Merck and Pfizer will initially target lung and ovarian cancer.
Credit iStock / Thinkstock

Pfizer has signed a major cancer drug deal with German firm Merck. The news dampens speculation that Pfizer is still interested in a renewed bid for British drug maker AstraZeneca. 

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Automobiles
4:29 pm
Sat November 15, 2014

For Best-Selling Truck, Ford Bets Big On Aluminum

A 2015 F-150 rolls off the assembly line at the Dearborn Truck Plant in Dearborn, Mich. The aluminum-sided F-150 could set a new industry standard — or cost the company its pickup truck crown.
Paul Sancya AP

Originally published on Sat November 15, 2014 5:30 pm

The first 2015 Ford F-150 rolled off the assembly line this week, and it is no normal truck. The new F-150 pickup is the first with an aluminum body, making it hundreds of pounds lighter than its predecessors.

Ford isn't taking this gamble on just any truck — the F-150 is the company's most important vehicle. Morgan Stanley estimates the F-Series truck line and SUV derivatives represent 90 percent of Ford's global profits.

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Business
5:43 pm
Thu November 13, 2014

As Casinos Fold, Stakes Are High For Atlantic City Transformation

Atlantic City Mayor Don Guardian stands in front of an outdoor goods store under construction. The state's Casino Reinvestment Development Authority contributed land and $12 million for the project.
Rob Szypko NPR

Originally published on Fri November 14, 2014 6:46 pm

In gambling, they say, the house always wins. But that hasn't been the case in Atlantic City this year. By year's end, the city that once had an East Coast monopoly on gaming may lose its fifth casino.

The city is reeling from the closures. New Jersey Gov. Chris Christie said Thursday that the first order of business is to "stop the bleeding." So city and state officials are trying to reposition Atlantic City by literally building it up.

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Fishing Industry
4:17 pm
Tue November 11, 2014

Regulators Ban Cod Fishing In Gulf Of Maine As Stocks Dwindle

Fishermen Ed Stewart (left) and Tannis Goodsen mend groundfishing nets on Merrill Wharf, in Portland, Maine, last November.
Robert F. Bukaty AP

Originally published on Wed November 12, 2014 2:13 pm

The National Oceanic and Atmospheric Administration is shutting down cod fishing, from Provincetown, Mass., up to the Canadian border, in an effort to reverse plummeting numbers of the iconic fish in the Gulf of Maine.

Starting Thursday, no fishermen — commercial or recreational — may trawl or use certain large nets that might catch cod for the next six months. Local cod fishermen, who now face an uncertain future, say the government hasn't done enough to maintain cod populations, and they challenge NOAA's cod counts.

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Technology
7:23 pm
Mon November 10, 2014

Microsoft Wants To Mine Data Like A Social Network

Microsoft CEO Satya Nadella speaks at the Future Decoded conference in London on Nov. 10. The company hopes to create new social tools to increase productivity in and out of the workplace.
Kevin Coombs Reuters /Landov

Microsoft — a company most associated with Word documents and Excel spreadsheets — is getting a makeover.

Under new leadership, the software developer is analyzing vast troves of data about its users to create social tools for the workplace. They've got the goods — just think of all those Office emails that bind us together — but the question is, will customers want to cozy up socially with Microsoft, on and off the job?

Old Data, New Strategy

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Business
3:45 pm
Thu October 30, 2014

Frontier Offers Refunds to Customers Affected by Outage

Credit Thinkstock

Frontier Communications said it will offer refunds to customers who have been affected by outages in service. The Stamford-based company just switched over all of AT&T'’s landline, Internet and streaming video customers.

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Sexual Orientation
9:04 am
Thu October 30, 2014

Apple CEO Tim Cook Comes Out As Gay

Apple CEO Tim Cook waves to a crowd before he is honored by the Alabama Academy of Honor at the Alabama state Capitol on Monday.
Brynn Anderson AP

Originally published on Thu October 30, 2014 4:15 pm

Tim Cook, the head of the world's most iconic technology company, has come out today in an op-ed on Bloomberg Businessweek, saying he's never denied his sexual orientation but "I haven't publicly acknowledged it either, until now.

"Being gay has given me a deeper understanding of what it means to be in the minority and provided a window into the challenges that people in other minority groups deal with every day," Cook writes.

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Rocket Explosion
4:02 pm
Wed October 29, 2014

Russian Engines Could Be Focus Of Antares Launch Failure Probe

The Orbital Sciences Corporation Antares rocket suffers a catastrophic anomaly moments after launch at NASA's Wallops Flight Facility in Virginia on Tuesday.
Joel Kowsky AP

Originally published on Thu October 30, 2014 9:34 am

NPR's Geoff Brumfiel reports that as investigators examine what went wrong with the launch of an unmanned Antares rocket on Tuesday, they'll likely take a hard look at powerful engines originally destined to send cosmonauts to the moon, a project that was scrapped by the USSR more than four decades ago.

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The Business of Defense
3:44 pm
Wed October 29, 2014

Electric Boat Says $10 Million State Loan Guarantees 8,900 Jobs

Electric Boat president Jeffrey Geiger with state officials.
Credit Harriet Jones / WNPR

Electric Boat will use a $10 million loan from the state of Connecticut to buy and refit a building from nearby Pfizer. The Groton-based shipyard is launching a $31 million program to expand and upgrade its facilities.

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Corporate Defection
1:36 pm
Thu October 23, 2014

UBS Puts Stamford Building Up for Lease

UBS headquarters in Stamford.
Harriet Jones WNPR

UBS has put its massive, 12-acre Stamford complex up for lease, confirming rumors that it is mulling a move out of the city.

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Election 2014
1:13 pm
Thu October 23, 2014

How Far Apart, Really, Are Connecticut's Candidates for Governor on Economic Issues?

Governor Dannel Malloy breaks ground on Jackson Lab's new Farmington facility.
Jackson Labs

The two major candidates for Connecticut governor have clashed repeatedly in their debates over economic policy and jobs. But how far apart are they really in how they would tackle the pocketbook issues? Maybe not so far.

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Economic Development
2:38 pm
Tue October 21, 2014

Gov. Malloy Raises Doubts About UBS in Stamford

UBS headquarters in Stamford.
Harriet Jones WNPR

Governor Dannel Malloy says banking giant UBS may renege on its commitment to keep 2,000 jobs in Stamford. He made the remarks during an interview with the owners of the Stamford Advocate. 

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Technology
6:41 pm
Tue October 14, 2014

Microsoft Windows Flaw Let Russian Hackers Spy On NATO, Report Says

Microsoft says it's patching a Windows security flaw cited in a report on alleged spying by Russian hackers.
Ted S. Warren AP

A group of hackers, allegedly from Russia, found a fundamental flaw in Microsoft Windows and exploited it to spy on Western governments, NATO, European energy companies and an academic organization in the United States.

That's according to new research from iSight Partners, a Dallas-based cybersecurity firm.

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Nobel Prize
9:53 am
Mon October 13, 2014

French Economist Wins Nobel For Work On Regulating Big Business

French economist Jean Tirole won the Nobel prize for economics Monday for research on market power and regulation in industries dominated by a few powerful companies. The undated photo was provided by the Toulouse School of Economics.
AP

Originally published on Mon October 13, 2014 1:15 pm

Saying that he "clarified how to understand and regulate industries with a few powerful firms," the Royal Swedish Academy of Sciences has awarded the Nobel Prize in economic sciences to Jean Tirole, who teaches at the Toulouse School of Economics. He studies oligopolies, markets that are controlled by a handful of powerful (and interdependent) companies.

"I was very surprised, I was incredibly surprised," Tirole said shortly after he received the phone call informing him of the win. "The honor... it took me half an hour to recoup from the call. I still haven't recouped yet."

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Technology
3:39 pm
Fri October 10, 2014

Microsoft CEO Nadella's Remarks Add To Tech's Sexism Problem

Microsoft CEO Satya Nadella addresses the media during an event in New Delhi in September. This week, he was criticized for comments he made about women asking for raises.
Adnan Abidi Reuters/Landov

Originally published on Fri October 10, 2014 3:08 pm

Microsoft CEO Satya Nadella's comments on women asking for raises triggered an instant backlash, but they also raise more questions about the tech industry's male-dominated culture and spotlight the challenges women in tech face.

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Bioscience Expansion
10:04 am
Fri October 3, 2014

Jackson Lab Readies for Farmington Debut

Construction workers putting finishing touches to Jackson Lab's Farmington premises
Harriet Jones WNPR

Jackson Laboratory is putting the finishing touches to its new facility in Farmington. The $100 million building opens for business next week, and the non-profit says there are already plans for further expansion. 

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American Made
7:06 am
Fri October 3, 2014

U.S. Manufacturing: A Remembrance And A Look Ahead

A worker cuts slabs of steel at a mill in Cleveland in 2004.
Ron Schwane AP

Originally published on Fri October 3, 2014 11:28 am

If it weren't for American manufacturing, I wouldn't be here today.

Literally.

A century ago, my grandfather moved from Poland to Youngstown, Ohio, to work in a steel mill. At the time, Ohio factories were cranking out steel slabs, tires and cars — building a mountain of wealth that the next generation could climb. And the generation after that.

But what will happen in the 21st century? Is the path that led to higher ground blocked now?

The answer is complicated.

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