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CT Child Tax Credit Push Gains Legislative Momentum
Connecticut advocates say they have the votes to pass a child tax credit bill, but still face uncertainty over whether Gov. Ned Lamont will sign it.
Business
Business Coverage
The latest business news from Connecticut and the Nutmeg State.
02
Connecticut's Defense Corridor Has a Palladium Problem. A 132% Tariff and a Greenland Acquisition Just Made It Real.
Greenland Mines Corp. acquisition by NASDAQ-listed Klotho closes March 4, bringing a $68 billion palladium asset into focus for Connecticut's defense industrial corridor.
David Rizzo ·
03
Avon Financial Adviser Indicted on Federal Fraud Charges in $3.3M 'Free-Riding' Scheme
An Avon investment adviser who previously founded a financial planning firm focused on autism services faces federal fraud charges in connection with an alleged scheme that cost three financial services companies more than $3.3 million, according to federal prosecutors.
David Rizzo ·
04
Connecticut Tourism Generates $19.5 Billion Economic Impact as State Welcomes 70 Million Visitors
Connecticut's tourism industry generated $19.5 billion in total economic impact in 2024, according to the state's latest official tourism economic impact figures, as approximately 70 million visitors traveled to destinations including Bridgeport, Hartford, New Britain, New Haven, and New London.
James Carvalho ·
05
Shelton Manufacturer Acme United Sees Earnings Rise Despite Tariff Disruptions
Tariff volatility and shifting federal trade policy disrupted customer orders at Shelton-based Acme United Corp. throughout 2025, according to the company's fourth-quarter earnings report, even as the cutting tools and first-aid products manufacturer posted higher annual earnings.
Priya Sharma ·
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06
Stanley Black & Decker to close last New Britain manufacturing plant, eliminating 300 jobs
Stanley Black & Decker will close its final manufacturing facility in New Britain, ending more than 180 years of production in the city known as "Hardware City," the company announced Thursday.
07
Nvidia Leads Market Higher Ahead of Earnings Report as Investors Eye AI Spending Concerns
Nvidia drove U.S. stock markets higher Wednesday as investors awaited the chip giant's earnings report, which analysts expect to show massive profits from the artificial intelligence boom.
08
Connecticut Child Care Crisis Deepens as 3,844 Children Wait for Subsidies Despite State Investment
Connecticut faces a worsening child care crisis as families struggle with rising costs and lengthy waits for assistance, even as the state prepares major reforms scheduled for 2027.
09
New Haven Sues Major Insurers and Drug Companies Over Alleged Insulin Price-Fixing Scheme
The City of New Haven has filed a sweeping lawsuit against major insurance companies and pharmaceutical manufacturers, alleging they operated a coordinated scheme to artificially inflate insulin prices over nearly a decade.
10
Santander's $12.3B Webster Acquisition Targets $800M in Savings, Sparking Job and Branch Concerns
Banco Santander's planned $12.3 billion acquisition of Webster Financial Corp. will significantly reshape Connecticut's banking landscape while raising questions about potential job losses and branch...
11
New Haven Auto Parts Maker Proliance Beats California EV Rival
Proliance International, based in New Haven, shows higher earnings than San Diego electric vehicle company Nuvve despite lower revenue in latest comparison.
12
Norwalk's FactSet Hits 52-Week Low Despite Strong Earnings
The Norwalk-based financial data giant traded as low as $201.50 Tuesday, even after beating earnings expectations with $4.51 per share last month.
13
CT regulators cite failures at unnamed credit union
Connecticut banking regulators cited a state credit union for governance and compliance failures, highlighting ongoing oversight challenges in the sector.
14
Lamont budget holds transit funding flat amid service concerns
Gov. Lamont's budget keeps transit funding flat, disappointing advocates seeking expanded Metro-North and bus service along Connecticut's Gold Coast corridor.
15
Jordan's Furniture bets on UConn for March Madness promotion
Jordan's Furniture will refund all purchases if both UConn basketball teams reach the Final Four, potentially costing the retailer $2 million in its latest promotional bet.
16
Santander's $12.3B Webster deal reverses CT branch closures
Banco Santander's $12.3B Webster Financial acquisition would expand the Spanish bank's Connecticut presence after years of branch closures in the state.
17
Santander to acquire Webster Bank in $12.3B deal
Stamford-based Webster Financial agrees to $12.3B acquisition by Spain's Banco Santander, creating sixth-largest U.S. regional bank with major Connecticut presence.
18
Stamford firm offers free Connecticut court case tracker
Silver Golub & Teitell releases SGT Docket Rocket app for real-time alerts on Connecticut court filings, improving on state's delayed notification system.
19
Stamford's HARMAN International Announces $1.8 Billion Automotive Tech Acquisition
The Samsung subsidiary headquartered on Atlantic Street will acquire ZF Group's advanced driver assistance systems business, adding 3,750 employees and expanding its automotive technology footprint.