industry

Program Aims to Boost State's Manufacturing

Jul 9, 2015
Electric Boat

Connecticut and eleven other regions around the country will be part of a federal economic development program designed to boost manufacturing. 

Massachusetts Lottery officials say they are prepared for the new competition from the casino industry.

State lottery officials say they are using zip code analysis to detect any shift in sales patterns in the convenience stores, gas stations, and bars located near Plainridge Park, the state’s first casino that opened to capacity crowds on June 24. 

State Treasurer Deborah Goldberg, who oversees the lottery, vows the agency will compete with the casinos.

Sage Ross / Creative Commons

Aetna will become the nation’s second largest health insurer as it announces a deal to buy Kentucky-based Humana. The $37 billion dollar deal will significantly increase Aetna’s presence in the market for government plans like Medicare Advantage, which offers privately-run versions of Medicare plans. 

The Justice Department says it is investigating "possible unlawful coordination" by several major airline carriers. American, Delta, Southwest and United Airlines have all confirmed receiving letters from the Justice Department.

In a statement, American said the department "seeks documents and information from the last two years that are related to statements and decisions about airline capacity."

A United spokesman said the company is complying fully in regard to the probe.

Office of Governor Dannel Malloy / Creative Commons

Business leaders in Connecticut say the changes in the budget implementer bill that passed the General Assembly this week are only a start.

Невідомий / Creative Commons

State regulators look poised to reject a $3 billion foreign takeover of Connecticut’s second largest utility. 

NASA

Oysters, lobsters, and bass were once the Long Island Sound’s  largest exports. But in recent years, changes in water temperature and pollution have triggered  a “dead zone” in the Sound --  an area where fish and other wildlife are unable to flourish. The Long Island Sound Blue Plan was passed by the state legislature this past spring to combat this challenge, among others.

Dustin Chambers / Propublica

Most of us don’t know much about Workers’ Compensation until we need it -- and your experience will depend a lot on where you live. 

Caps on benefits and higher bars to qualify as “injured” are a few of the changes made in most states beginning in the 1990’s to lower the cost of Workers’ Compensation. 

Employers say the program costs too much for them to remain competitive, and convinced legislators and unions on both sides of the aisle to reduce benefits.

Aundreá Murray / WNPR

Governor Dannel Malloy said he’s not worried about a potential visit to Connecticut by Florida’s governor, Rick Scott. Florida has become the latest state to begin courting Connecticut corporations after the controversy over business taxes in the state budget. 

When you hear the words "green brewery," you might picture gleaming solar panels or aerodynamic wind turbines. But the most valuable piece of technology at the $24 million headquarters of Smuttynose Brewing Co. on the seacoast of New Hampshire isn't quite as sexy.

"The place you have to start is the building envelope," says Smuttynose founder Peter Egelston.

The first casino in Massachusetts opens to the public Wednesday.

Plainridge Park Casino, located at a harness race track near the Rhode Island border, has 1,200 slot machines, but no table games.  

The more upscale resort casinos planned in Springfield and greater Boston won’t open for at least two years. 

Casino industry expert Clyde Barrow said Massachusetts should do well with its first casino.

sphilbrick, via Wikimedia Commons

After weeks of rumors at least one potential deal in the health insurance industry is out in the open - but it may be going nowhere. On Sunday Bloomfield’s Cigna publicly rejected an offer from Anthem, calling the $47 billion bid "deeply disappointing." 

ARTS_fox1fire / Creative Commons

Historic West Hartford firearms maker Colt has filed for Chapter 11 bankruptcy protection. But the company says it plans to keep its doors open. 

Rob Dozier / WNPR

A coalition of activists and labor unions has written an open letter to General Electric, accusing the corporation of paying no taxes in the state of Connecticut, and commending the legislature for its attempt to increase business taxes in the recent budget bill.

Daniel Schwen / Creative Commons

The state of Indiana is suggesting three major Connecticut employers that openly criticized planned tax increases consider moving to the Hoosier State. 

What if there were an app where a user could have all of the news he was interested in, from the outlets he trusted, all in one place?

That's the goal of Apple's new iOS 9 feature, called, simply, News. It will be a permanent fixture on the iPhone and iPad home screen, just like Calendar, Maps and Weather.

Homeowners interested in switching to solar energy will soon have the option to do so with no upfront costs. The nation’s largest rooftop solar installer is coming to Rhode Island. Starting this week, California-based SolarCity will offer Rhode Islanders loans to buy home solar systems.

Jonathan Haeber / Creative Commons

Scattered across Connecticut’s landscape are thousands of old mills and factories. Places like the Gardiner Hall Jr. Company in Willington and Whiting Mills in Winsted now stand as architectural relics from our rich, industrial past. 

Kaman Aerospace

Kaman Aerospace is to start making helicopters in Connecticut once again. The announcement comes more than ten years after production ceased in the state.

Lockley / Creative Commons

General Electric has confirmed it’s formally considering a move out of Connecticut. This comes after the passage of a budget bill that hikes corporate taxes. 

David Monniaux, Wikimedia Commons

Sikorsky has announced it will close its Bridgeport plant, and consolidate all of its Connecticut operations in Stratford. One hundred eighty people will lose their jobs in the state, as the helicopter maker lays off 1,400 people worldwide -- just less than ten percent of its workforce.

alancleaver_2000 / Creative Commons

The new tax obligations Connecticut wants to impose on its corporations are a growing trend around the nation. And some advocates say it’s a movement that’s long overdue.

Lockley / Creative Commons

General Electric has called the tentative Connecticut budget deal reached over the weekend "discouraging," and says it’s considering whether to remain located in the state. The corporation is concerned about new taxes.

Dwight Burdette / Creative Commons

Charter Communications, which just announced a $55 billion deal to buy Time Warner Cable, has been based in Connecticut for just a few years.

Ryan Caron King / WNPR

If you've ever moved, you know how tricky it can be to transport a mattress. They're bulky, tough to carry, and take up lots of space. They're also really hard to throw out.

Now Connecticut is looking to solve that problem by introducing the nation's first-ever mattress recycling program. The goal is to get old beds off the curb and into the renewable waste stream.

Dustin Chambers / ProPublica

Most of us don’t know much about Workers’ Compensation until we need it - and your experience will depend a lot on where you live. 

Caps on benefits and higher bars to qualify as “injured” are a few of the changes made in most states beginning in the 1990’s to lower the cost of Workers’ Compensation. 

Employers say the program costs too much for them to remain competitive, and convinced legislators and unions on both sides of the aisle to reduce benefits. 

Time Warner Cable and Charter Communications announced Tuesday that they had reached a merger deal.

Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland and UBS AG have agreed to plead guilty to felony charges and pay billions in criminal fines, the Department of Justice says. The offenses range from manipulating the market price of U.S. dollars and euros to rigging interest rates.

CT-N

State regulators have so far heard two days of testimony on how and whether to allow the Connecticut’s second largest electric utility to be taken over by a foreign corporation.

Phil Roeder / Creative Commons

Certain home improvement contractors in Connecticut could soon be obligated to hold liability insurance.

Pages