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Back9Network flickr.com/back9network / Creative Commons

Hartford’s Ethics Commission has begun a search for disparities between state and city rules that restrict the use of public office for personal gain.

Americans collectively are losing billions of dollars a year out of their retirement accounts because they're paying excessive fees, according to researchers studying thousands of employer-sponsored retirement plans across the country.

The rearchers say part of the trouble is that many employers that offer 401(k) plans to their workers are outgunned by financial firms that sell them bad plans loaded with hefty fees. That's especially true, they say, for small and midsize employers that don't have much financial expertise in-house.

Jeff Cohen / WNPR

After WNPR reported that Hartford city Treasurer Adam Cloud used his work email to steer private investment to the Back9Network -- a business that had financial ties to his family -- Cloud has issued an apology.

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.

Back9Network flickr.com/back9network / Creative Commons

It was January 2012. The PGA golf association was hosting its merchandise show in Orlando, Florida – and the Back9Network was there.

Yale University / Creative Commons

Yale University reported that its endowment grew to a record high $25.6 billion based on an 11.5 percent return for the fiscal year that ended June 30.

Ken Teegardin flickr.com/photos/teegardin / Creative Commons

Connecticut's Insurance Commissioner has sold off stock she held in Cigna, her former employer. 

epSos .de / flickr creative commons

Recently Yale economist Robert Shiller said in an essay in The New York Times that no one can say for certain what the stock market drop means. He did, however, say we'd all be right to exercise great caution now.

Stocks opened Monday with a swan dive: The Dow Jones industrial average plunged about 1,000 points, or 5 percent, in just minutes.

By midday, enough brave buyers had waded back in to push up prices — up to where losses were only around 1 percent or so.

But that didn't last. Around 3 p.m., the Dow dropped again, sliding nearly 700 points.

Stress-filled minutes ticked down until 4 p.m.: CLANG, CLANG, CLANG.

The closing bell rang. Brows were wiped, and commentators scrambled to explain why investors had seen both panic selling and panic buying.

Led by an 8.5 percent drop in China's Shanghai composite index, U.S. and global stock markets took a dive Monday. Shortly after opening, the Dow Jones index fell by more than 1,000 points, or 5 percent. The Dow then zigzagged to close at 15,871, losing about 3.6 percent of its value.

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. 

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.

Debora Timms

Members of Connecticut’s Puerto Rican community met in Hartford on Friday with U.S. Senators Chris Murphy and Richard Blumenthal to discuss Puerto Rico’s debt crisis.

Across Connecticut, abandoned sites are being built back up. It’s complicated and expensive work, but in recent years, the state has put millions of dollars towards breathing new life into the long-forgotten spaces of the industrial era.

Bullion Vault / Creative Commons

The history of gold is a history of beauty, bloodshed and obsession. Gold has been fought for, worn ornamentally, traded as tender and at times even worshiped. This hour, we continue to mine it, covet it, and find uses for it even King Midas himself would never have imagined.

But why has the allure of this precious metal endured for so long? Investors will say its rarity ensures its worth. Numismatists will point to its ancient uses as currency to justify the appeal. And scientists may point to its uses in electronics and space travel as a means of explaining its value.

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