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Economy & Labor

S&P Global: MDC ratings downgrade reflects Hartford's distress

Patricia Daddona |

S&P Global Ratings has lowered its long-term rating on Metropolitan District general obligation (GO) bonds, to 'AA' from 'AA+'.

RBS settlement stabilizes CT's budget

Patricia Daddona |

Connecticut's budget director is projecting a $5.7 million shortfall for fiscal year 2017, stabilized by a $120 million state settlement with Royal Bank of Scotland (RBS).

CT jobless rate falls, but economy sheds jobs in Sept.

Patricia Daddona |

Connecticut's unemployment rate for September fell to 5.4 percent despite the state shedding 5,200 jobs during the month.

Can we secure the internet of things?

William Malik |

The internet of things — the internetworking of everyday physical objects — is all around us. Every day our cars, homes, offices and even our bodies through things like medical devices...

CT’s wealth gap a threat to economy

The United Way's second annual ALICE report painted another striking picture of two distinct Connecticuts.

Latest estimate puts state deficit at nearly $80 million

Connecticut's budget deficit is estimated at $77.9 million for this fiscal year, according to new projections from the state Office of Fiscal Analysis.

Amazon seeks hundreds of CT temps

Gregory Seay |

Amazon is seeking hundreds of Connecticut temporary workers among the 120,000 seasonal positions the e-tailer wants to fill nationally in time for the holiday-gift rush.

Fitch, S&P Global, rate CT GO bonds a “stable” AA-

Patricia Daddona | 1

Fitch and S&P Global ratings systems have both rated Connecticut's general obligation (GO) bonds, expected to sell on Oct. 18, 'AA-' – an outlook considered stable.

OFA: MGM casino impact on CT revenues likely to increase

Patricia Daddona | 1

Connecticut could lose as much as $68.3 million a year in revenue starting in fiscal 2019, once MGM Springfield casino opens, according to an updated estimate from the state's Office of Fiscal...

Survey: Businesses cultivating patience for CT economy

Patricia Daddona |

Nearly half of Connecticut business leaders expect stable conditions for their firms over the next quarter, a new economic survey from the Connecticut Business & Industry Association has found.

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