industry

A Beijing-based banking and insurance company has lost the fight for Starwood Hotels, leaving Marriott as the prospective new owner of the company that operates the Sheraton and Westin hotel chains.

Announcing its exit from takeover talks Thursday, the Anbang Insurance Group cited "various market considerations." The withdrawal came days after Starwood said there was a good chance the Chinese firm would make a "superior proposal" to Marriott's.

Tesla, the maker of electric vehicles, Thursday night unveiled its mass-market Model 3. The car is expected to have a range of 215 miles at a base price of $35,000 ($27,500 after federal tax credits).

Tesla CEO Elon Musk told a crowd of loyal fans in Hawthorne, Calif., he is "fairly confident" the vehicle will go on sale in 2017. That the assembled crowd laughed at the statement is a sign of the near-cult following Tesla (and Musk) enjoy.

By 10 p.m. PDT, the company had received 140,000 advance orders, according to Musk, for a car almost no one had seen.

General Electric wants to be removed from the federal government's list of too-big-to-fail financial institutions, arguing that it's no longer a major player in the financial services industry.

Simon Cunningham / Creative Commons

This campaign season has seen the attack on the concept of government in full swing, with Republican candidates pledging to cut taxes and downsize federal agencies.

Harriet Jones / WNPR

Fairfield University said it will partner to redevelop the headquarters campus that General Electric is leaving in the town.

David Ohmer / Creative Commons

For the United States, the 20th century marked a period of vast and unparalleled prosperity thanks -- in large part -- to an economic model known as the “mixed economy.” Under that model, the nation's government and markets operated in tandem, creating a robust coalition from which health, wealth, and well-being not only grew, but flourished. 

DC Central Kitchen / Creative Commons

They say it's important to eat breakfast every day. But what if you eat two breakfasts?

According to a new study, students who eat two breakfasts -- one at home and one at school -- are less likely to experience unhealthy weight gain than students who skip the meal altogether

General Electric wants to be one of the first American companies to capitalize on the thaw in U.S.-Cuba relations. The Fairfield-based conglomerate expressed its interest in providing power, aviation and medical equipment to the Cuban government in an agreement signed Monday. 

The FBI may have found a new way to crack into the locked iPhone of one of the San Bernardino shooters — a method that doesn't require Apple's help.

This is a major new development in the increasingly heated debate between the tech giant and the government, which has argued that Apple should be compelled to write new special software that would override some security features. That was the only way, investigators previously had said, that they could crack the phone's passcode without jeopardizing its contents.

The Supreme Court agreed Monday to hear Samsung's appeal of a Federal Circuit Court ruling in the company's patent infringement dispute with Apple.

At issue in the case: What portion of the profits is a design-patent infringer liable to pay?

Apple accuses the South Korean tech giant of copying patented aspects of the iPhone's design, such as the round-cornered front face and the colorful icon grid.

Starwood

The drama involving Stamford’s Starwood Hotels and Resorts continues. It now looks as if the company will go with its original merger partner after all. 

Daniel Orth / Creative Commons

Some residents say a Bloomfield attorney should have recused himself from offering the town legal advice on a tax abatement for a water bottling plant because he works for the water authority.

Doctors have long disputed the accusation that the payments they receive from pharmaceutical companies have any relationship to how they prescribe drugs.

There's been little evidence to settle the matter, until now.

A ProPublica analysis has found that doctors who receive payments from the medical industry do indeed prescribe drugs differently on average than their colleagues who don't. And the more money they receive, the more brand-name medications they tend to prescribe.

Bossi / Creative Commons

It was a battle of dueling economic reports before the state legislature Thursday as lawmakers considered whether to commission yet another study on the impact of a potential third casino. 

Web Summit/Creative Commons

Connecticut is the latest state to consider regulating the fast-growing fantasy sports industry.

Keoni Cabral / Creative Commons

The project to bring a bottled water facility to Bloomfield will be up for discussion at the State Capitol Friday.  There's a public hearing on a bill that would make it harder for bottling companies to get discounts on the public water they buy. 

Gov. Dannel Malloy/flickr creative commons

This week’s opening in New Haven of Alexion Pharmaceutical's new global headquarters marks the completion of the first phase of the city’s revitalization effort.

Chion Wolf / WNPR

Tribune Publishing has shaken up the newspaper world with an announcement that it is getting rid of its publishers and giving that job to its editors. That means more responsibility for the leader at The Hartford Courant

 

The Connecticut Automotive Retail Association says the latest legislative effort to allow electric car-maker Tesla Motors to sell directly to consumers is too broad.

CARA President James Fleming said Tuesday this year's version of the bill would allow all electric vehicle manufacturers to sell directly to consumers, not just Tesla.

CARA is teaming up with General Motors and the Alliance of Automobile Manufacturers to oppose the legislation. 

Becky Wetherington via Flickr.com / Creative Commons

Honeywell said it has dropped its pursuit of United Technologies. The announcement comes just days after it made its merger bid public. 

Lori Mack / WNPR

Alexion Pharmaceuticals said it will have 1,000 workers at its new headquarters building in New Haven by the end of this month. Connecticut’s most successful homegrown bioscience company, Alexion showed off its global headquarters Monday. 

Ed Schipul via Flickr.com / Creative Commons

General Electric is promising to boost its earnings by about 15 percent in each of the next three years and dole out $67 billion to shareholders as CEO Jeffrey Immelt tries to create a "digital industrial" company.

Harriet Jones / WNPR

United Technologies Aerospace Systems has opened a new worldwide research lab in Windsor Locks, the first part of a multi-million-dollar investment spurred by a state tax credit deal. 

A growing threat to airline safety is the illegal use of lasers to damage pilots’ eyes. Now an international company Revision, with offices in Essex, Vermont, has developed a protective eyewear that blocks the damaging effects of lasers.  

The Department of Justice has filed a motion to compel Apple to cooperate with a government investigation and help access data on an iPhone used by one of the San Bernardino assailants.

The motion filed in the U.S. District Court for the Central District of California (read it in full below) lays out the government's legal case for why Apple should provide technical assistance.

When a federal judge ordered Apple earlier this week to unlock a phone used by one of the assailants in a mass shooting in San Bernardino, Calif., she cited a law from 1789. It could make you wonder if the nation's legal system is having a hard time keeping up with the fast pace of technological change. So, I asked a few legal experts if our old laws can apply to this particular situation.

Keoni Cabral / Creative Commons

Residents opposed to a new Niagara water bottling facility in Bloomfield are holding a public meeting Thursday. They say the company and the town chose to keep the public out of the loop until it was too late. And they say public records back that up. 

Remember the cryptex, the little handheld safe from The Da Vinci Code where entering the correct combination will reveal the secret message and entering the wrong one will destroy it?

Now replace the little safe with an iPhone, and instead of a secret message, it's holding evidence in a terrorism case. The critical combination? It's a passcode — one the FBI doesn't know, and one that Apple is reluctant to help the agency figure out.

Maple industry groups have sent a letter to the Food And Drug Administration asking it to take enforcement action against food companies that label items “maple” when they don’t actually contain maple.

This hour -- from Holocaust survivor to iconic twentieth-century inventor -- we hear about the life and career of Hartford's own H. Joseph Gerber. His story is chronicled in the new biography, The Inventor's Dilemma.

Also, urbanist Richard Florida gives us his take on GE's move from Fairfield to Boston

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