industry

The Jackson Laboratory

Connecticut officials have welcomed a report on the progress of the Jackson Laboratory site in Farmington. Jackson Labs said its new facility is on schedule and on budget.

Harriet Jones

The latest employment report from the state Department of Labor showed a hopeful pick-up in job creation in Connecticut last year. But it also revealed a big loss in jobs in the first month of this year.

I started my journey at the famed Gdansk Shipyard, home of Poland's solidarity movement in the 1980s. It was nearly midnight when I arrived and saw for the first time the Maersk McKinney Moller, the world's largest container ship.

I simply wasn't prepared for just how massive it is. The whole ship really can't be taken in, even standing at a distance, so I gave my neck a good stretch by scanning this behemoth end to end, and up and down.

On a cold, blustery day at Port Elizabeth in New Jersey, one of several massive cranes whirs along a rail high above the pier, picks up a heavy container from a ship's deck and loads it on a waiting truck back on land. The truck drives away, another arrives, and the whole process starts again.

It's a scene played out every day along America's coasts as massive container ships from across the globe pull into deep-water seaports, waiting to be unloaded. The ships are enormous — some 10 stories high and several football fields long.

Pratt and Whitney

The deal offered to United Technologies to redeem extra tax credits could be extended to other corporations in Connecticut. A legislative hearing Monday revealed more details about the huge economic development agreement.

Chion Wolf

In the second season of the Netflix series, House of Cards, the protagonist Frank Underwood, played by Kevin Spacey, pulls out an old family typewriter, an Underwood of course, to write a pseudo-heartfelt letter to the President.

Frank's father gave him the typewriter saying this Underwood built an empire. Now you go build another.

Harriet Jones

The state's poor business climate is a perennial complaint for Connecticut's largest business organization. And now it's launched a campaign to make it an urgent priority. 

This post has been updated.

The nation's unemployment rate edged up to 6.7 percent in February from 6.6 percent the month before, but employers added more jobs than expected, the Bureau of Labor Statistics said Friday.

According to BLS, the number of jobs on public and private payrolls grew by 175,000 last month — about 25,000 more than economists had expected.

South by Southwest Interactive is the technology-driven part of the annual Austin-based festival for digital, film and music and it starts on Friday. An expected 30,000 people will take part in the interactive and film week that precedes music, and they love it for the spontaneity and the chaos. They also hate it because of the chaos — parties on every corner, marketing handouts at every turn and a sprawling program of panels, screenings and speakers that span at least a dozen city blocks in the heart of Texas.

Harriet Jones / WNPR

Before he traveled to New Britain for this afternoon’s event with President Obama, Governor Dannel Malloy faced what might be his most skeptical audience on the issue of minimum wage.

Pratt and Whitney

The state of Connecticut has struck a multi-million dollar deal with United Technologies, which it hopes will safeguard the future of research and manufacturing operations here.

Under the agreement, the state will allow UTC to exercise tax credits it has already built up. The conglomerate can exchange $20 million in tax credits each year, up to a maximum of $400 million.

Just how big a deal is the "gigafactory" that Tesla Motors says it's going to build to make batteries for its electric cars?

-- It's projected to cost $5 billion between now and the year 2020. Tesla expects to invest about $2 billion. Partners — who it's rumored could include Apple and Panasonic — would invest the rest.

Gubcio / iStock / Thinkstock

A legislative committee wants to delay for a year when the state's insurance marketplace, Access Health CT, could begin negotiating prices with the insurance companies selling products through the exchange. 

Facebook's purchase of messaging service WhatsApp — at a price tag of up to $19 billion — is its largest acquisition yet. To put things in perspective, the social giant tried to purchase Snapchat for a fraction of that cost — $3 billion. And it successfully bought Instagram for $1 billion.

U.S. Navy

A former defense worker charged with trying to ship stolen proprietary information to Iran about the Air Force F-35 Joint Strike Fighter Program and military jet engines has pleaded not guilty in Connecticut.

EEPaul / Creative Commons

Oysters have been part of the human diet for thousands of years. It’s no wonder then that many of us know them as a favored menu item. But these beloved bivalves have a history that extends far beyond the dinner plate. 

An announced $45 billion merger between Comcast and Time Warner Cable — the largest and second-largest cable companies in the U.S., respectively — is under scrutiny not just for its massive size but also for its potential impact on Internet use.

Reports: Comcast To Buy Time Warner

Feb 13, 2014

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."

(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:

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. 

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.

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.

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. 

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.

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.

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.

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.

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

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."

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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