industry

CPBN

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

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.

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.

UTC Appoints New CFO

Dec 9, 2014
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. 

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.

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.

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.

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.

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.

UTC

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

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. 

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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. 

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.

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."

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.

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. 

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.

Pratt and Whitney

U.S. Senator Chris Murphy said that in the past seven years, the Pentagon has spent more than $160 billion of taxpayer money on foreign-made goods. He’s accusing the defense department of abusing legislation that requires it to buy American.

Hollywood is getting the green light to fly its own drones.

The Federal Aviation Administration is giving approval to six movie and TV production companies to use drones for filming. And the move could pave the way for the unmanned aircraft systems to be used in other commercial ventures.

The FAA will permit the six companies to use remote-controlled drones to shoot movies and video for TV shows and commercials, but there will be certain limitations.

The Groton shipyard of Electric Boat may be looking forward to making two Virginia Class submarines per year, but members of the state’s congressional delegation say they’ll continue to push for an additional major building program.

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