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Economy & Labor

Wisely, Malloy's budget shows a pro-business approach

Gov. Dannel P. Malloy's two-year $40.6 billion budget proposal is liked by few, hated by many and loved by no one.

Malloy holds line on business taxes; maintains tax credits, incentives

Matt Pilon |

Gov. Dannel P. Malloy's proposed $40.6 billion biennial budget has businesses breathing a tentative sigh of relief, though plenty can happen between now and June 7, the last day of the legislative...

CT ranks No. 2 in U.S. for high concentration of millionaires

Patricia Daddona | 1

With a growing concentration of high earners holding a quarter of the nation's liquid wealth, Connecticut again ranked second nationally in 2016 for high percentages of millionaire households,...

College leaders warn proposed cuts would have big consequences


Top administrators from the state's public colleges told legislators on the state Appropriations Committee Wednesday they had deep concerns about the effect of funding cuts in Gov. Dannel P. Malloy's...

Survey: CT business owners eyeing retirement unprepared for exit

Patricia Daddona | 1

Of the 2,500 Connecticut business owners surveyed in a 2016 exit planning study, 60 percent said they plan to retire in the next five years, but most do not have an exit strategy.

Analysis: Fixed costs still a strain on CT's economic condition

Patricia Daddona |

S&P Global Ratings says fixed costs will remain problematic for Connecticut despite a proposed two-year budget by Gov. Dannel P. Malloy that could put the budget in balance.

Anthem sues to stop Cigna from killing merger

CNNMoney |

Anthem is suing to stop Cigna from killing their $54 billion merger.

Top Mohegan gaming executive Soper resigns

Patricia Daddona |

Bobby Soper, president and CEO of the Mohegan Tribal Gaming Authority, which oversees Mohegan Sun and is involved in launching Connecticut's third casino, has resigned.

CT college system implements hiring freeze

Patricia Daddona |

The Connecticut State Colleges and Universities (CSCU) system has implemented a hiring freeze across all 17 campuses amid the state's budget woes, officials announced.

New Hartford's Syntac acquired by N.C. company

Patricia Daddona |

A New Hartford-based company that designs and makes specialty adhesive-coated products has been purchased by North Carolina-based Shurtape Technologies LLC, which produces pressure sensitive...

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