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Economy & Labor

St. Francis settles pension suit for $107M

John Stearns| Matt Pilon |

St. Francis Hospital and Medical Center has agreed to pay $107 million to settle a lawsuit alleging it underfunded its pension plan.

State launches manufacturing jobs challenge

Keith Griffin |

The state's public community colleges and several manufacturers have joined together to launch a “300 Jobs, 300 Days” campaign to enroll and graduate a minimum of 300 students in the...

Walmart deems CT veterans hiring program a success

Retail giant Walmart said it has hired almost 600 veterans in Connecticut since launching its Veterans Welcome Home Commitment in May 2013, despite overall vet unemployment numbers being low.

Optimism and pessimism about state's economy

Keith Griffin |

Connecticut residents are embroiled in a fiscal dichotomy. On the one hand, they feel good about their personal finances but give low marks to the state government's budget.

Weary legislators depart, leaving behind flawed system

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Connecticut's fiscal crisis is taking its toll on our elected leaders, with nearly two dozen state legislators publicly announcing their retirement this year.

Murphy pushes 'Buy American' reforms in Congress

Q&A talks with U.S. Sen. Chris Murphy on steps he's taking in Congress to strengthen Connecticut manufacturing.

Hartford co. paying towards student loans

Foley, a provider of compliance, financial and insurance services for the transportation and employment industries, is establishing a student loan repayment program for its current and future...

CT’s debt downgraded; outlook stable

Two major rating agencies have lowered their credit ratings on and provided stable outlooks for Connecticut’s general obligation bonds, raising concerns about the state’s budget...

CT adds 3,500 jobs; unemployment down slightly

Keith Griffin |

The state added a net of 3,500 jobs in April for a small year-over-year improvement in the unemployment rate.

CT ranks high for debt-to-income ratio

Keith Griffin |

Connecticut’s debt-to-personal income ratio, as well retiree healthcare liabilities, are among the highest in the nation. Its unfunded pension costs also run high on a per-capita basis.

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