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CT borrows $725M for roads, housing, schools, nonprofits

The Bond Commission authorized approximately $725 million in borrowing, the bulk of which will go to transportation infrastructure.

Millstone shuts down nuclear reactor

Millstone Power Station in Waterford was forced to shut down its 900-megawatt nuclear generator on Saturday after the station's crews failed to fix a poorly functioning feedwater pump.

Federal regulators OK Frontier-AT&T deal

The Federal Communications Commission has approved Frontier Communications’ proposed $2 billion acquisition of AT&T’s Connecticut wireline and U-Verse businesses, Frontier announced.

CT’s housing permits doubled in June

The pace of Connecticut’s new housing construction quickened in June, with permit totals for most towns one third greater in the first six months than the first-half of 2013, state data shows.

100-plus people to rappel down Hartford hotel

A fundraiser for drug and alcohol addiction treatment next week will feature more than 100 people rappelling down the Hilton Hartford next week, organizers announced.

Wethersfield healthcare consultancy partners on $53M contract

Wethersfield’s Qualidigm said it has partnered with a Rhode Island company that recently won a $53 million contract from the U.S. Centers for Medicare & Medicaid Services.

Lower 2Q taxes boost First Niagara profits

The New York parent of First Niagara Bank, which has a Connecticut branch network, said its second-quarter profits grew 4.1 percent, mainly thanks to lower income taxes and an uptick in interest...

Higher costs reduce Magellan's 2Q net

Despite a 5.4 percent uptick in revenue in its second quarter, Magellan Health Inc.'s net income fell 159 percent, the Avon healthcare company reported.

Acquisition drives Barnes’ sales growth

Bristol aerospace manufacturer Barnes Group’s profits returned to normal levels in its second quarter, a year after the sale of its distribution business brought in over $200 million.

Stanley’s 2Q net up on higher sales, lower costs

New Britain tool and industrial manufacturer Stanley Black & Decker said its second-quarter profits grew nearly 16 percent, due to higher revenue and lower costs.

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