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Stanley Black & Decker to acquire iconic Craftsman brand for nearly $1B

Patricia Daddona |

New Britain's Stanley Black & Decker has agreed to buy the Craftsman brand from Sears Holdings Corp. in a deal valued at $900 million that will also expand the company's U.S. footprint and create...

Alexion reports mixed results of internal drug sales probe

Patricia Daddona |

New Haven-based Alexion Pharmaceuticals Inc.'s internal investigation into alleged improper sales of its drug Solaris has revealed no wrongdoing, the company has announced.

Otis elevators to be featured in London office tower

Patricia Daddona |

A new 59-story office tower in London will use 57 Otis elevators and 10 escalators, representatives for developer Lipton Rogers announced Wednesday.

Analyst: 2017 looks good for Pratt & Whitney

Howard French | Journal Inquirer |

Pratt & Whitney and other military contractors should have a successful 2017, despite shadows thrown by President-elect Donald Trump.

Pratt awarded $314M F-22 Raptor engine contract change

Patricia Daddona |

The U.S. Air Force has modified a contract for Pratt & Whitney by $313.9 million so the East Hartford jet engine maker can maintain engines that power the F-22 Raptor Aircraft.

CT’s economic malaise likely to continue

Fred Carstensen |

As of Nov. 2017, total employment in Connecticut is below the level of jobs that existed in Feb. 1989. That equates to 27 years without any permanent job growth in the state.

Big challenges, yet hopeful outlook for 2017

Peter Gioia |

Connecticut has great economic potential.

Newell tools integration, deal-making top Loree’s challenges

John Stearns |

It didn't take Jim Loree long to make a splash as the new president and CEO of New Britain-based Stanley Black & Decker Inc., a position he ascended to Aug. 1. Barely two months later he engineered...

Pratt's engine director Stone is out

Gregory Seay |

A director involved in selling Pratt & Whitney Co.'s embattled engine for all engines has left thee East Hartford jet-engine builder, officials say.

Hong Kong client relies on Pratt engine in maiden flight

Patricia Daddona |

A Pratt & Whitney PurePower geared turbofan engine powered the Hong Kong-based HK Express’ first Airbus A320 flight, Pratt announced Wednesday.

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