industry

Ryan Caron King / WNPR

If you've ever moved, you know how tricky it can be to transport a mattress. They're bulky, tough to carry, and take up lots of space. They're also really hard to throw out.

Now Connecticut is looking to solve that problem by introducing the nation's first-ever mattress recycling program. The goal is to get old beds off the curb and into the renewable waste stream.

Dustin Chambers / ProPublica

Most of us don’t know much about Workers’ Compensation until we need it - and your experience will depend a lot on where you live. 

Caps on benefits and higher bars to qualify as “injured” are a few of the changes made in most states beginning in the 1990’s to lower the cost of Workers’ Compensation. 

Employers say the program costs too much for them to remain competitive, and convinced legislators and unions on both sides of the aisle to reduce benefits. 

Time Warner Cable and Charter Communications announced Tuesday that they had reached a merger deal.

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.

CT-N

State regulators have so far heard two days of testimony on how and whether to allow the Connecticut’s second largest electric utility to be taken over by a foreign corporation.

Phil Roeder / Creative Commons

Certain home improvement contractors in Connecticut could soon be obligated to hold liability insurance.

Jay Cox / Creative Commons

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.

Courtesy Alexion Pharmaceuticals

Alexion Pharmaceuticals, the Cheshire-based company, will cut an $8.4 billion deal to buy another drug maker. Alexion says it has an agreement to buy Synageva BioPharma, located in Lexington, Massachusetts, for the equivalent of $230 a share. 

FuelCell Energy

The world’s largest fuel cell park could be built in Connecticut. The park, which would occupy eight acres in Beacon Falls, would produce 63 megawatts of power, making it four megawatts bigger than the world’s current largest installation, near Seoul, South Korea. 

The Connecticut Mirror

Waterbury Hospital has found a new buyer. The financially troubled institution could be acquired by a California-based hospital group.

Harriet Jones / WNPR

Governor Dannel Malloy wants to sell his transportation plan to businesses as a way to boost economic growth. He began with a company that likes to think differently about the way its employees get to work: insurance giant Travelers.

Looking for new growth and promising better restaurant experiences for customers, McDonald's President and CEO Steve Easterbrook is changing how the chain manages global markets and plans to boost the number of franchised restaurants.

"The reality is, our recent performance has been poor," Easterbrook said in a video released Monday. "The numbers don't lie. Which is why, as we celebrate 60 years of McDonald's, I will not shy away from resetting this business."

Is Fast Food Going Out of Style?

May 4, 2015
Corna. QTR ♥ أستغفر الله / Creative Commons

McDonald’s has more or less dominated the world of fast food since its debut in 1955, but not anymore. The franchise has struggled over the past several years, leading to the termination of its CEO. 

Huntstock / Thinkstock

Connecticut staked its claim as a leader in the field of stem cell research this week, as it hosted StemConn, a conference bringing together the latest discoveries in the field. 

Lockley / Creative Commons

General Electric has posted a loss in the first quarter, because of the sale of large parts of its financial arm.

The Fairfield-based conglomerate took a one time charge of $16 billion in connection with the massive reshaping of its portfolio — selling off most of GE Capital, which became the cornerstone of its profits in the last decade. 

A string of insults aimed at a woman who works at a towing company were recorded by a surveillance camera. Now they've come back to sting sports reporter Britt McHenry. After the video emerged of McHenry, 28, dishing out profane verbal abuse, ESPN announced she'll be punished.

"Britt McHenry has been suspended for one week effectively immediately," the media company said.

Saying that Google has abused its dominant position in the search market "by systematically favoring its own comparison shopping product," the European Commission has sent a list of antitrust charges to the search giant. The European Union has also opened a new inquiry into the Android mobile system.

"I am concerned that the company has given an unfair advantage to its own comparison shopping service" and broken European law, says the EU commissioner in charge of competition policy, Margrethe Vestager.

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.

The New England Council

New England can reclaim its title as a manufacturing hub by working together to nurture the development of the advanced manufacturing industry. That's the conclusion of a new report being released Wednesday by the nonpartisan New England Council

MGM Resorts International

A study, paid for by Connecticut’s two tribal casinos, estimates out-of-state competition could soon divert $703 million a year from Mohegan Sun and Foxwoods. 

The two are seeking to bolster their case for legislation that would allow three new gaming sites within the state, as a way to fight back against new facilities in Massachusetts. 

Harriet Jones / WNPR

Pratt and Whitney says 2014 was a transformational year for the company, and it’s ready to put development problems behind it, as its new family of engines goes into service this year. 

Some typical crowdfunding proposals posted online may look like this: Help my band record our next album or please contribute to my child's medical expenses.

But here's one thing the average investor can't do through crowdfunding: buy stake in a private company. That policy, however, is under closer scrutiny. With more competition for venture capital funding, equity crowdfunding is getting more attention.

UTC

United Technologies Corp. has announced a change in leadership at Sikorsky Aircraft, less than a month after announcing it may spin off the helicopter-making subsidiary.

UTC on Thursday appointed Robert Leduc as president of Sikorsky, moving predecessor Mick Maurer to the newly created role of UTC senior vice president of strategic projects. 

Pratt and Whitney

Jet engine maker Pratt and Whitney is harnessing big data to try to cut down on engine maintenance problems, and save airlines money. 

Starwood

Connecticut’s Starwood Hotels and Resorts is one of the companies condemning efforts by state legislatures to pass discriminatory legislation. 

The current upheaval in Yemen is a sharp reminder of the fragility of the global oil market. Airstrikes by Saudi Arabia against Houthi rebels in Yemen has stoked fears of a disruption to the supply market.

Yemen and Saudi Arabia, the world's largest oil producer, share a long border. While Yemen is only a small producer of crude oil, it controls the Bab el-Mandeb Strait at the southern entrance to the Red Sea.

Harriet Jones / WNPR

Connecticut is one of just two or three places in the U.S. where stationary fuel cells are made on a large scale. While it's been an important industry here for decades, it's never been profitable. But could that be about to change? 

Brad Bedard / Creative Commons

Connecticut is one step closer to adding more casinos. The legislature's public safety and security committee voted this week 15-to-eight in favor of the legislation

Chion Wolf / WNPR

Connecticut lawmakers are considering an expansion of the state’s gambling enterprise, urged forward by competition from Massachusetts. Operators of Connecticut's two existing casinos believe that if this legislation passes, their business will remain competitive.

On Thursday, the legislation -- Senate Bill 1090 An Act Concerning Gaming -- was approved 15 to eight by the General Assembly's Public Safety and Security Committee. It awaits further action in the Senate to clarify details still under negotiation.

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