industry

Acquisitions
8:22 am
Thu February 13, 2014

Reports: Comcast To Buy Time Warner

Originally published on Thu February 13, 2014 12:22 am

Comcast is expected to announce its acquisition of Time Warner on Thursday, various media outlets report.

Bloomberg, citing "four people familiar with matter," says Comcast will buy the cable company for about $44 billion, "combining the largest two U.S. cable companies in an all-stock deal."

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Cable Companies
6:45 am
Thu February 13, 2014

Will Comcast Get Federal OK To Buy Time Warner?

Gene J. Puskar AP

Originally published on Thu February 13, 2014 10:44 am

(We put a new top on this story at 9:25 a.m. ET and added an update at 10:15 a.m. ET.)

As NPR's David Folkenflik pointed out earlier today, Comcast's proposed $45 billion purchase of fellow cable company Time Warner will receive some scrutiny from federal officials. Here's some more about that part of the story:

Politico writes that:

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Connecticut First
6:16 pm
Wed January 22, 2014

Deep Freeze Hits Connecticut; Blumenthal Focuses On Medicare

As the snow from the most recent winter storm ends, cold temperatures are moving in. Total snowfall accumulations ranged from one to four inches in northwestern Connecticut to six to 12 inches to the south and east of Hartford. Highs were into the teens across most of the state today. The deep freeze is expected to remain through the end of the week with high temperatures in the teens going up to 20. 

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Health Insurance Changes
10:00 am
Thu January 16, 2014

Aetna CEO Sees Retail Market in Health Care

Mark Bertolini is CEO of Aetna.
Credit Chion Wolf / WNPR

Health care costs are going to be increasingly shifted to consumers. That was the message from Aetna CEO Mark Bertolini at a presentation Wednesday.

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Economic Development
8:56 am
Thu January 16, 2014

Commission on Connecticut's Future Meets

Catherine Smith, Commissioner of the DECD.
Credit CT-N

The Commission on Connecticut's Future met on Thursday morning to revisit economic development topics in the state. At its last meeting, economist Patrick Flaherty presented jobs data and workforce trends. Catherine Smith, Commissioner of the Department of Economic Development, presented a slideshow called "Focus on Economic Growth."

Minutes of the December meeting are available here.

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Benefit Corporations
1:55 pm
Tue January 14, 2014

Social Entrepreneur Supporters Lobby Connecticut Lawmakers to Recognize B-Corps

Kate Emery of The Walker Group speaks before the Commerce Committee.
Credit CT-N

Supporters of social entrepreneurship are once again lobbying lawmakers to create a new business structure in the state. They want Connecticut to pass a law allowing social enterprises to register as B-Corps, or benefit corporations. That would set them apart from other business entities that don't have a declared social mission. 

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Energy
8:10 am
Fri January 10, 2014

Natural Gas Boom Cuts Into Pennsylvania's State Forests

An oversized truck load slowly moves equipment along an icy mountain road in Pennsylvania's Tiadaghton State Forest.
Marie Cusick WITF

Originally published on Thu January 9, 2014 7:36 pm

On the side of a mountain road in Pennsylvania's Tiadaghton State Forest, I'm trying to avoid a steady stream of heavy truck traffic. Acres of freshly cut tree stumps stretch out in front of me.

Kevin Heatley lives in the area and has come to these woods for years to hike. He's an ecologist by trade and he's concerned about what he's seeing.

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Aerospace Contracts
8:00 am
Mon January 6, 2014

Sikorsky to Pay Damages Over Canadian Delays

Sikorsky's Cyclone maritime helicopter at the Paris Air Show.
Credit Creative Commons

Sikorsky will pay damages to the Canadian government over a delay in fulfilling a helicopter order. But Canada said it will continue with the contract despite the difficulties.

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Fish Industry
5:22 am
Thu January 2, 2014

Why The Cod On Cape Cod Now Comes From Iceland

With local cod so scarce, Chef Toby Hill of Lyric Restaurant in Yarmouth Port, Mass., tries out a dogfish salad — served here with garlic aioli on toast — instead. Dogfish is still plentiful in New England waters, but wholesale fisheries say there's not much demand for it in the U.S.
Christine Hochkeppel Courtesy of Cape Cod Times

Originally published on Thu January 2, 2014 2:53 pm

Good luck finding local cod in Cape Cod, Mass.

The fish once sustained New England's fishing industry, but in recent years, regulators have imposed severe catch limits on cod, and the fish remain scarce.

"I've never seen cod fishing this bad," says Greg Walinsky, who has been fishing on Cape Cod for more than 30 years. "It looks to me like it's over. And I can't catch any codfish."

It's so bad, many fishermen say, that for the first time, they cannot catch enough cod to even reach shrinking government quotas.

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Federal Budget
10:14 am
Mon December 16, 2013

UTC Chief Welcomes Stability in Budget Deal

UTC's headquarters building in Hartford.
Credit Creative Commons

The budget deal reached last week in Washington will have a real economic impact on companies in Connecticut. United Technologies CEO Louis Chenevert welcomed the agreement, saying it gives his defense dependent corporation more ability to plan for the future.

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Infrastructure
2:59 pm
Thu December 12, 2013

Connecticut Businesses to State Government: "Fix Our Roads"

Aleksandra Glustsenko / iStock Thinkstock

Business leaders said in a new survey that their top priority for transportation in Connecticut is addressing overcrowded roads.

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Business
5:12 am
Tue December 10, 2013

BP Argues Companies Are Unfairly Cashing In On 2010 Spill

The Deepwater Horizon oil rig burns in the Gulf of Mexico in April 2010.
Gerald Herbert AP

Originally published on Tue December 10, 2013 12:56 pm

Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.

The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."

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Labor Negotiations
4:18 pm
Mon December 9, 2013

Machinists Ratify Contract and Face Job Cuts

Pratt and Whitney's East Hartford headquarters.

Machinists at jet engine maker Pratt and Whitney have voted narrowly to accept a new three year contract. The deal was controversial because of differences over job security.

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Code Switch
3:32 pm
Thu December 5, 2013

Why Isn't Open Source A Gateway For Coders Of Color?

The hands of this ostensibly black stock photo model might be coding on an open-source project. But probably not.
istockphoto

Originally published on Thu December 5, 2013 7:03 am

All this month, our friends at Tell Me More are digging into the role of blacks in technology. You can join the conversation on Twitter with the hashtag #NPRBlacksInTech.

Software development is a huge and growing industry, and there are likely to be far more jobs in the future than there are folks to do them. But today, there's a paucity of blacks and Latinos in software development positions.

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Forecasting the Future
9:44 am
Tue December 3, 2013

Connecticut Manufacturing Shows Dynamic Growth and Destruction

The F119 engine, made in Connecticut by Pratt & Whitney
Credit Pratt & Whitney

Connecticut has created 40,000 new manufacturing jobs since the end of the recession. But paradoxically, the sector is still shrinking.

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Online Retail
9:52 am
Mon December 2, 2013

Delivery By Drone? Amazon Says A New Era Looms

In an image taken of a test flight, an Amazon Prime Air drone carries a package. The online retailer could begin 30-minute deliveries within four to five years, CEO Jeff Bezos told 60 Minutes Sunday.
Amazon

Originally published on Mon December 2, 2013 12:21 pm

Amazon is looking at drastically reducing its delivery times — to 30 minutes or less — as it plans a new service called Prime Air that it says could debut in a few years. In an interview on CBS' 60 Minutes, CEO Jeff Bezos said the giant online retailer plans to use semi-autonomous drones to carry purchases to customers.

That's got tech experts buzzing about whether the idea will fly.

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Economic Development
9:14 am
Mon December 2, 2013

Commission on Connecticut's Future Meets to Discuss Industry, Sustainability

Economist Patrick Flaherty of the Connecticut Department of Labor’s Office of Research presented jobs data Monday morning.
Credit CT-N

The Commission on Connecticut's Future meets Monday morning to discuss economic renewal in the state. The commission is examining the manufacturing industry and defense-related industries along with environmental sustainability. A report is due to the governor by this time next year. 

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First Five
3:20 pm
Wed November 20, 2013

Pitney Bowes to Remain in Stamford, Get State Loan

Pitney Bowes' Stamford headquarters

Technology giant Pitney Bowes has announced it will remain in Stamford, ending a months-long search for a new location. The company will also add 200 new jobs in Connecticut, after striking a deal with the state for a low-cost loan.

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Engineering
10:32 am
Wed November 20, 2013

UTC Funds $10 Million Engineering Institute at UConn

A Sikorsky Black Hawk helicopter: just one of the complex engineering systems built by United Technologies.
Credit UTC

United Technologies is to donate $10 million to UConn to found a new engineering initiative. The UTC Institute for Advanced Systems Engineering, as the new partnership will be known, is expected to be accepting students by next spring. 

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Trans Pacific Partnership
7:09 am
Thu November 14, 2013

Delegation Splits Over Free Trade Protest

Credit Diane Orson / Chion Wolf / WNPR

The effort to oppose a new free trade agreement seems to have caused a rare split in the ranks of Connecticut's congressional delegation. Connecticut's five U.S. House members are all Democrats, and usually stand together on a wide range of issues. But a huge new free trade agreement currently being negotiated between the U.S. and ten other Pacific nations is causing some friction between colleagues.

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Economy
1:18 pm
Wed November 13, 2013

Economic Forecaster Sees Flat Jobs Growth This Year

Connecticut looks likely to maintain its level of job growth this year, according to the New England Economic Partnership, but the forecasting group says the state’s recovery will continue to lag behind the national average.

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Insurance
7:24 am
Wed November 13, 2013

Insurance Conference Defends State Commissioner System

Credit Harriet Jones / WNPR

Insurance professionals heard on Tuesday an impassioned plea from the governor to keep regulation at the state level. Hundreds from the industry gathered at the Connecticut Convention Center in Hartford for an annual market forecast. 

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Technology
9:47 am
Fri November 8, 2013

Can Connecticut Retain Its Star Tech Companies?

Credit Harland Quarrington / Creative Commons

Connecticut has its share of tech giants, like Priceline.com and TicketNetwork. But it's increasingly up against stiff competition from other states to grow and retain technology companies. 

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Occupational Safety
11:45 am
Thu October 24, 2013

Trucking Company Violated Whistleblower Laws

Two Palumbo Trucking workers reported a potentially unsafe truck to police and the DMV in 2012.
Credit Veronica538 / Creative Commons

A North Branford trucking company has been ordered to withdraw a lawsuit against two former employees who blew the whistle on dubious safety practices at the business. The Occupational Safety and Health Administration ordered Palumbo Trucking, and owner David Palumbo, to withdraw a retaliatory lawsuit that the company filed against two former workers. 

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Defense
7:15 am
Wed October 23, 2013

United Technologies Beats Street, But Sees Defense Downside

Credit DanielPenfield / Creative Commons

United Technologies reported a boost in third quarter earnings of 13 percent, at $1.55 per share, beating analysts' expectations. The Hartford-based conglomerate trimmed its full-year revenue estimates, however, because of the government shutdown and cuts in military spending.

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Earnings
1:29 pm
Fri October 18, 2013

General Electric Reports Fallen Profits, But Record Backlog

The afterburner of a General Eletric J79 turbojet engine. The company reports a large order backlog helping to offset a slump in profits in the third quarter.
Credit Threecharlie / Wikimedia Commons

General Electric saw a fall in third quarter profits, but investors sent shares up anyway, because of a record backlog of orders for the company.

Fairfield-based GE is considered a bellwether for the U.S. economy because of its wide reach across many industries. In the third quarter, profits fell by 18 percent to just over $3 billion, brought down by a fall in revenues at GE Capital, the conglomerate’s finance arm. The numbers were also hit by the expense of foreign currency transactions.

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Community College
11:21 am
Fri September 20, 2013

Connecticut Community Colleges to Receive Federal Job Training Grants

Capital Community College in Hartford, one of the grant recipients.
Credit John Phelan / Wikimedia Commons

The Obama Administration has announced more than $400 million in job-training grants to community colleges and universities nationwide. Two Connecticut schools will receive more than $4 million in funding: Capital Community College in Hartford, and Housatonic Community College in Bridgeport.

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Connecticut Jobs
8:26 am
Fri September 20, 2013

Connecticut's Unemployment Rate is Unchanged

Credit Tony Alter / Wikimedia Commons

The state labor department says Connecticut's unemployment rate remained unchanged at 8.1 percent in August. Local government job cuts, particularly in schools shut for the summer, far surpassed private sector job gains.

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Submarines
11:47 am
Thu September 19, 2013

Changes at Electric Boat in Groton

Electric Boat in Groton.
Electric Boat

The president of Electric Boat, Kevin Poitras, has announced his retirement, just over a year after taking the reins at the Groton submarine yard. He'll be succeeded in the top job by Jeffrey Geiger, who's currently president of the Bath Iron Works in Maine. The two yards are both owned by General Dynamics.

Poitras garnered praise for his tenure at Electric Boat, where he's worked since the early 1970s. Second district Congressman Joe Courtney noted particularly his relationships with local colleges to develop training and mentoring opportunities.

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Economy
11:06 am
Tue September 17, 2013

Why Is The Global Shipbuilding Business Struggling?

Laborers stand on a new ship at a Rongsheng Heavy Industries shipyard in Nantong, China, in 2012. The troubles at Rongsheng, China's largest private shipbuilder, mirror what's happening in the global industry.
Aly Song Reuters/Landov

Originally published on Tue September 17, 2013 12:43 pm

There's news this week that shipbuilder STX Finland will close what it describes as "the world's leading ferry builder," a yard where the company also built small cruise ships, icebreakers and naval craft.

The company blamed economic conditions for the closure of the Rauma Shipyard. Work from there will be shifted to the company's facility in Turku. About 700 people will lose their jobs.

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