industry

Rhode Island is gaining notice as a contender in the high-stakes battle over General Electric's possible relocation from Connecticut, thanks to the state pension overhaul spearheaded by Governor Gina Raimondo in 2011.

Starwood

Starwood, the hotels group which is Stamford’s largest employer, is being bought by Marriott International. Marriott will pay $12.2 billion for Starwood. The combined company will be the largest hotel group in the world, with more than 5,000 properties.

Harriet Jones / WNPR

For 40 years, Connecticut has been home to one of the titans of the Dow, General Electric. But now the state is playing a game of “will they or won’t they” with one of its most high profile corporate citizens. 

Harriet Jones / WNPR

Aerospace professionals from across the globe are in Groton this week, as local supply chain companies get an opportunity to network with overseas counterparts and with big U.S. defense companies. 

MichaelTK (Flickr) / Creative Commons

Interstate fishing regulators are considering what to do about southern New England's collapsed lobster population, and fishermen fear new restrictions could land on them as a result.

Pratt and Whitney

Connecticut defense contractors will soon have an opportunity to meet other businesses and government officials to boost exports and develop global business relationships.

Rep. Joe Courtney and Anne Evans, district director of the U.S. Department of Commerce in Connecticut, said an Aerospace and Defense International Trade Summit is scheduled for Nov. 8-10 in Mystic.

People entering North Adams will soon see new signs that highlight the past, present and future of Massachusetts’ smallest city.

Niall Kennedy / Creative Commons

Pratt & Whitney has congratulated Northrup Grumman on winning the contract to make the military’s next generation stealth bomber, but it still isn’t clear if the East Hartford jet engine maker will benefit. 

Uber has shaken up what it takes to get from point A to point B in cities across the country with a simple premise: If you need a ride, a driver nearby could pick you up within minutes.

Behind that idea is an algorithm, which promises to keep supply and demand in constant balance, encouraging drivers toward busy areas and tempering customer requests by increasing the price of each ride. It's called surge pricing.

Lars Plougmann / Creative Commons

A new wood product used in construction could help create greater demand for materials from local forests. Some tree buffs say more desire for New England timber could actually be a good thing for preserving Connecticut woodlands. 

The company that makes Legos has landed at the center of a social-media firestorm after Chinese artist Ai Weiwei complained that it refused to supply a bulk order of the toy bricks for his art.

Ai said he wanted to use the bricks for an exhibition on free speech at Australia's National Gallery of Victoria. The museum attempted to place an order but was told by the company that it "cannot approve the use of Legos for political works."

"We've been refused, and the reason is Lego will not support political art, which is very frustrating," Ai said in an interview with NPR.

sipo / Creative Commons

The Iranian government has criticized the decision by a U.S. court to sentence an engineer with dual citizenship to more than eight years in prison for trying to send sensitive military documents to Iran. 

Volkswagen admitted it intentionally cheated on federal emissions tests. The German automaker now faces billions of dollars in fines and litigation, plus the cost of fixing some 11 million diesel cars worldwide.

That's just the company. The scandal is costing owners, too — at least those who are trying to sell their VW diesels. Not surprisingly, resale prices for the affected cars have been falling.

For centuries, Vermont has been able to turn fall foliage into tourist dollars for the state. But there are two men who are now exporting the colorful leaves — for a price.

In America's fine-dining restaurants, how much workers get paid is closely correlated to the color of their skin.

If you've bought a bottle of nice wine recently, you'll know that the costs have gone up. And the price of really fine wines – the ones that cost at least several hundred dollars – have doubled, tripled and more over the past few years.

As prices rise, so, too, do the number of thefts.

Prima restaurant in Walnut Grove, Calif., has a celebrated wine list, with a number of Bordeauxs and Burgundies that can set you back several thousand dollars. Thieves have successfully targeted those wines several times now.

In a message to employees that was posted online, ESPN CEO John Skipper announced that the company would be making "organizational changes" that include the "elimination of a number of positions, impacting friends and colleagues across the organization."

A source at ESPN confirmed to NPR that the number of eliminated positions would be around 300, approximately 4 percent of the channel's 8,000-person workforce.

In a blog post published Monday morning, Amazon is pushing back against an August story in The New York Times that portrayed it as a soul-crushing workplace where employees were forced to work long hours and encouraged to tear each other apart at meetings.

Rhode Island’s largest provider of hospice care will merge with an Eastern Massachusetts hospice provider. The deal involves Home Care and Hospice of New England, which plans to join Hope Health. 

Home Care and Hospice of New England says in a statement the merger will create the largest nonprofit hospice provider in New England. The parent organization will adopt the Hope Health brand name and operate three nonprofit subsidiaries, two in Rhode Island and one in Massachusetts. That includes a visiting nurse service. 

On Thursday, German authorities issued a mandatory recall of all Volkswagen diesel cars outfitted with emissions-cheating software.

Shortly after the German Federal Motor Transport Authority ordered the recall of 2.4 million diesel cars in Germany, Volkswagen announced it would be recalling 8.5 million cars across Europe.

Mattpopovich / Creative Commons

Organized labor and the state's chief business group are taking the first steps in an unlikely alliance to confront Connecticut's slow economic growth. 

Momoneymoproblemz / Creative Commons

General Electric Co. has established an energy company that combines its LED, solar, energy storage, and electric vehicle businesses and a software system to help customers improve efficiency. 

Wynn Resorts

The battle between casino developer Steve Wynn and the city of Boston is intensifying, with Wynn filing a libel lawsuit against an unidentified foe. 

General Electric says it has completed its sixth and final year of dredging sediment contaminated with polychlorinated biphenyls from the upper Hudson River.

The president of the Springfield, Massachusetts City Council isn’t giving up on getting a popular vote on MGM’s controversial casino redesign.

City Council President Mike Fenton said he’ll appeal to the Massachusetts Gaming Commission to order a binding voter referendum on the proposed new design for the Springfield casino.

Fenton said MGM’s plan to eliminate a 25-story hotel from the project substantially changes the host community agreement Springfield voters approved two years ago.

A top official with MGM Resorts International Monday pledged the company’s strong commitment to building a casino in Springfield. MGM upped the ante by announcing plans to take a former school department building off the city’s hands and redevelop it.

 A Vermont boot brand is coming back after several years off the market — a return that is a déjà vu experience for the boots' creator.

Daderot / Creative Commons

The Phoenix Companies is to be sold to a newly formed reinsurance investment firm. New York-based Nassau Reinsurance will pay $217.2 million for the Hartford company, and then take it private.

Under fire for misleading governments and customers about its diesel cars' emissions, Volkswagen has a plan to recall millions of vehicles so it can fix the problem. The company has said it sold 11 million cars worldwide that use software to limit emissions only during official testing.

The news comes from a large internal meeting at the company led by Matthias Mueller, who took over as VW's leader last week after Martin Winterkorn's resignation.

Citing a lack of enough oil to make the project worthwhile, Royal Dutch Shell Oil is halting its effort to drill for oil off Alaska's shore "for the foreseeable future." The company has spent some $7 billion on the exploration project.

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