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Virtus sued over F-Squared tie

Gregory Seay |

Hartford wealth manager Virtus investment Partners faces a class-action lawsuit from stockholders who claim the value of their Virtus shares eroded because of its business ties to a Massachusetts...

Mohegans finalize succession plan for long-time CEO

The Mohegan Tribe on Monday announced it will promote three of its in-house executives as CEO Mitchell Grossinger Etess transitions into retirement over the next six months.

CT’s Jan. housing-permit tally listed

Connecticut saw 255 permits issued for single- and multi-family housing in January, authorities say.

Phoenix Cos.’ life unit restores net profits

The Phoenix Cos. Inc. says profitability for its primary life unit returned to black in 2014.

Kaman’s Keating compensation down 23%

Neil Keating, CEO, chairman and president of Bloomfield’s Kaman Corp., saw the total value of his compensation fall by nearly one-quarter last year, the manufacturer-distributor disclosed...

CT ups its billionaire count

Connecticut's billionaire-club just got a bit larger.

UIL, Iberdrola keep ratings after merger announcement

A proposed acquisition of Connecticut utility parent UIL Holdings Corp. by Iberdrola USA has not damaged or improved the various credit ratings of the two and their subsidiaries, according to...

Bankwell names CEO

New Canaan’s Bankwell Financial has named one of its predecessor's founding investors to replace former CEO Peyton Patterson, who resigned last year after personal financial troubles came to...

Lower expenses boost Magellan's 4Q net

Magellan Health, which has operations in Avon, said its fourth-quarter profits increased by nearly 17 percent, thanks mainly to a lower cost of care for the period.

CCAT included in Mass. manufacturing program

The Connecticut Center for Advanced Technology in East Hartford said a quasi-public Massachusetts agency has designated it as an “innovation center.”

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