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Oxford Performance Materials gets investment from Hexcel

South Windsor's Oxford Performance Materials Inc. has received what it terms a strategic investment from Hexcel Corp. in the Stamford.

Chutes manufacturer sees OSHA fines quadruple

A manufacturer of galvanized chutes has seen federal fines more than quadruple because it allegedly did not correct repeated and serious safety violations as promised.

Group home operator to pay $1.5M for overbilling

A former Middletown group home operator has entered into a civil settlement agreement with the federal and state governments to pay $1.5 million to resolve allegations that it received overpayments.

Business basically bullish for next three months

Keith Griffin |

A new survey of CBIA members finds almost half expect business conditions to remain stable, while almost a third anticipate improvement over the next three months.

CT working-age population shrinking

Keith Griffin |

Connecticut will see a drop in its working-age population through 2040, but it's far from alone among Northeast and Midwest states.

Tax preparer sent to prison for tax evasion

Keith Griffin |

An East Hartford tax preparer convicted of tax evasion has been sentenced to four months of imprisonment, followed by six months of home confinement and three years of supervised release.

Bloomfield luxury apts. draw $52M

Gregory Seay |

The Hawthorne at Gillette Ridge, a 246-unit Bloomfield luxury apartment community built more than a decade ago by Cigna Inc., has sold for $52 million, brokers say.

Malloy signs bill restricting opioid prescriptions to 7 days

Eric Bedner | Journal Inquirer |

Gov. Dannel P. Malloy signed a bill into law that will deter the over-prescribing of opioid painkillers and ensure that first responders are better equipped to mange opioid addiction.

Wells Fargo is offering mortgages with 3% down payments

CNNMoney |

Another U.S. bank is now offering a low down payment mortgage. Wells Fargo introduced a program that offers home loans for up to $417,000 with down payments as little as 3 percent.

Controversial hedge fund aid passes with little opposition

Two members of the state Bond Commission this morning opposed providing $22 million in state bond funding to Bridgewater Associates, a Connecticut hedge fund that manages more than $130 billion.

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