A top official with MGM Resorts International Monday pledged the company’s strong commitment to building a casino in Springfield. MGM upped the ante by announcing plans to take a former school department building off the city’s hands and redevelop it.

 A Vermont boot brand is coming back after several years off the market — a return that is a déjà vu experience for the boots' creator.

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The Phoenix Companies is to be sold to a newly formed reinsurance investment firm. New York-based Nassau Reinsurance will pay $217.2 million for the Hartford company, and then take it private.

Under fire for misleading governments and customers about its diesel cars' emissions, Volkswagen has a plan to recall millions of vehicles so it can fix the problem. The company has said it sold 11 million cars worldwide that use software to limit emissions only during official testing.

The news comes from a large internal meeting at the company led by Matthias Mueller, who took over as VW's leader last week after Martin Winterkorn's resignation.

Citing a lack of enough oil to make the project worthwhile, Royal Dutch Shell Oil is halting its effort to drill for oil off Alaska's shore "for the foreseeable future." The company has spent some $7 billion on the exploration project.

Embattled carmaker Volkswagen has named Matthias Mueller to take the wheel after CEO Martin Winterkorn stepped down earlier this week in the wake of a growing scandal involving some 11 million diesel vehicles equipped with software that cheated emissions testing.

Connecticut Technology Council

A software firm that helps community banks comply with government regulations has been named as the fastest growing technology company in the state.

At Volkswagen, damage control is in full swing after it was revealed the automaker had, for seven years, equipped its vehicles with software capable of fooling emission tests.

Apple growers say good growing weather means they are expecting a bumper crop this year, but when the pick-your-own customers get to the orchards they may notice some changes.

One day after Volkswagen CEO Martin Winterkorn announced his resignation over the German automaker's use of software to dupe emissions control tests, European countries are conducting new tests — and the Auto Bild site says a BMW diesel model also failed to meet European standards.

The software that allegedly causes Volkswagen cars to cheat official emissions tests exists in only one type of diesel engine, according to the carmaker — and it has sold 11 million of them around the world. The company says it's setting aside 6.5 billion euros (around $7.25 billion) to fix the cars.

Providing an update to a scandal that began Friday, when the EPA said it found wide variations in emissions from VW cars that use a "defeat device" to fool emissions tests, the German company said that it's "working at full speed" to investigate the problematic software.

When Apple recently updated its TV box the redesign included a remote that also functions as a game controller. Apple isn't trying to compete with powerful consoles such as Microsoft's Xbox or Sony's PlayStation. But, Apple is competing with Google and Amazon to attract a much bigger but different gaming audience.

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Connecticut's Insurance Commissioner has sold off stock she held in Cigna, her former employer. 

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Every week for the past seven-and-a-half years, the U.S. Food and Drug Administration has identified an average of two dietary supplements being sold to consumers that were “tainted” and “potentially hazardous,” a Connecticut Health I-Team analysis of data revealed.

"On FanDuel I've won over $62,000 — try FanDuel today."

"This is DraftKings. Welcome to the big time. You can play when you want with the team you want. Just pick your contest, pick your team, and pick up your winnings."

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U.S. Senator Chris Murphy said that he, U.S. Senator Richard Blumenthal, and U.S. Representative Jim Himes met with General Electric Co. chief executive Jeff Immelt in an effort to keep the industrial giant from leaving Connecticut.

United Technologies Corp.

United Technologies Corp. officials have announced a reorganization that includes running the subsidiaries Otis Elevator and United Technologies Climate, Controls and Security as stand-alone businesses with new presidents. 

JD Lasica / Creative Commons

General Electric’s CEO said the company will decide in the fourth quarter of this year whether to move out of Connecticut.

Jeff Immelt spoke publicly for the first time about the possibility of the relocation in an interview on CNBC.

Embracing Risk in Our Working Lives

Sep 10, 2015
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Gone are the days of graduating from college, paying your dues with a few entry-level positions, and landing a 30-year career with a big corporation, complete with retirement benefits.

One Connecticut lawmaker is calling for a special session to repeal a new tax on corporations which he says is forcing General Electric out of the state. 

The United Airlines chief executive officer, Jeff Smisek, and two other high-ranking United employees resigned Tuesday amid internal and federal investigations.

"Jeff's departure is in connection with the company's previously disclosed investigation," board member Henry Meyer said in a conference call with analysts, according to Reuters.

Hiring an employee is an expensive proposition. Workers' compensation, social security and other expenses can run thousands of dollars a year, so it's no surprise that companies often try to reduce expenses keeping workers off the payroll, calling them independent contractors instead.

But sometimes they do so in violation of state law. And in a new report, State Auditor Doug Hoffer says the state isn't doing enough to stop a practice known as "misclassification."

Construction to upgrade one of Connecticut’s most important freight rail lines can begin, after the state received an $8 million federal grant. The funding arrives as the issue of how we move goods around the state is coming front and center. 

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In an era awash in the rollout of brand new gadgets, gizmos, fashions, and fads, it's easy to think of obsolescence as part of the natural order: Remember popped lapels, pay phones and laserdisc players? But the idea that an object should quickly fall from favor, lose functionality, and find itself in a landfill somewhere is quite new -- and it didn't come about by accident.

The Jackson Laboratory

The Jackson Laboratory is partnering with UConn to found a new center that will focus on what’s called single cell genomics. 

Chion Wolf / WNPR

Governor Dannel Malloy says he last visited with General Electric two weeks ago, as the conglomerate prepares to make a decision about relocation. The governor spoke for the first time about the possibility that GE might leave.

The Ethan Allen furniture company is under pressure from one of its investors to either sell itself or divest some of its real estate assets. Sandell Asset Management, which owns 5.5 percent of Ethan Allen, said the company's stock is underperforming. 

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Just a day after revelations about New York's bid to move General Electric's headquarters, Bloomberg is reporting that Georgia is also in the market for GE. Citing unnamed sources, the business news service says that executives are planning to meet with a property agency in Atlanta in coming weeks.

Marc A. Hermann / MTA New York City Transit

The governor of New York is reported to be courting General Electric to make a move across the state border. 

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The Department of Justice will extend its anti-trust review of Aetna’s proposed merger with Humana for another 30 days. The Hartford based health insurer just announced it's re-filing its notification with the department to allow for the month-long extension.