industry

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.

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, Wikimedia 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.

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