industry

JD Lasica flickr.com/photos/jdlasica / 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.

GotCredit/flickr creative commons

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. 

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. 

Daniel Mayer / Creative Commons

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. 

Sage Ross / Creative Commons

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. 

Mixabest / Creative Commons

New Haven and Fairfield Counties host many of the state’s fastest growing tech companies, according to a new listing. The Marcum Tech Top 40 is also strong on software and advanced manufacturing firms. 

Embracing Risk in Our Working Lives

Aug 13, 2015
Quinn Dombrowski/flickr creative commons

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.

Updated at 5:20 p.m. ET

The death toll from an industrial accident has risen to 50 in Tianjin, a port city in northeast China. Emergency crews are still working to locate missing people; 12 firefighters are among the dead, and more remain unaccounted for.

Updated 1:45 a.m. ET Thursday:

The death toll from the Tianjin warehouse explosions has risen to 44, according to China's official Xinhau News Agency.

Updated 10:50 p.m. ET

Huge explosions have rocked the port city of Tianjin in northeast China. Media reports say at least 17 people were killed and hundreds are injured. Two firefighters are missing.

StockMonkeys.com on Flickr Creative Commons

A lawsuit against General Electric is being closely watched in boardrooms around America, as the company defends its decision to shut down its retiree health care plan.

Terex Corporation

Terex Corporation will become incorporated in Finland as it merges with a Finnish company. But officials say the construction equipment maker will retain a significant presence in Connecticut.

U.S. Fish and Wildlife Service

Interstate fishery managers on the Atlantic coast are signing off on a management plan for a species of crab that is growing in value and volume of catch.

On Monday, Google CEO Larry Page announced the formation of a new parent company for Google called Alphabet. Page describes Alphabet as a collection of companies including Google, Life Sciences (which focuses on medicine and health issues), and Calico (a company that claims to tackle aging), among others.

The Massachusetts Gaming Commission has approved a delay in the opening of the MGM Springfield casino because of a highway reconstruction project.

The commission voted 5-0 Thursday to set a September 2018 opening date for the $800 million resort casino — a year later than originally planned.  

Although MassDOT says the reconstruction of I-91, which is right next to the casino site, could be done as soon as December 2017, MGM Springfield President Mike Mathis argued it was prudent to plan for a later finish.

Travelers CEO Jay Fishman to Step Down

Aug 5, 2015
Travelers

The Travelers Inc. said that Chairman and CEO Jay Fishman will step down as CEO on Decemeber 1 due to health problems. 

MGM Springfield

Casino developer MGM Resorts International has filed a lawsuit against three top Connecticut officials, including Democratic Governor Dannel Malloy.

Anthem, Cigna Finalize Rumored Merger

Jul 24, 2015

A definitive agreement is in place for Anthem to take over Bloomfield-based Cigna. The deal comes nearly a year into talks, and a month after an earlier attempt was rebuffed.

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

Daniel Deitschel/iStock / Thinkstock

It may be 2,500 miles from Connecticut to Southern California, but a highway problem there can still cause repercussions locally. 

UTC's Hayes Talks About Sale of Sikorsky

Jul 21, 2015
Christopher Ebdon / Creative Commons

One day after announcing the sale of its Sikorsky Aircraft Unit, Hartford-based United Technologies Corporation is talking about what comes next. 

Lockheed Martin to Buy Sikorsky

Jul 20, 2015
Sikorsky Aircraft

Hartford-based United Technologies announced last month it would look into the sale or spin-off of its helicopter business, Sikorsky Aircraft of Stratford. Now Bethesda, Maryland-based Lockheed Martin will purchase Sikorsky for $9 billion.

New Council Aims to Boost State's Shellfish Industry

Jul 13, 2015
pinay06 (Wikimedia Commons)

Connecticut's shellfish industry and state regulators are taking the first steps to working cooperatively to promote the industry.

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