Amazon abruptly abandoned plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in tax breaks promised to what is already one of the world’s richest, most powerful companies.
As small business owners compile their income tax returns, they may have an unpleasant surprise – some popular business deductions have disappeared or been reduced under the new tax law.
The mayor of Hartford said the city is cutting ties with the bike-sharing company Lime.
The state’s would-be bid to snatch Amazon’s faltering New York headquarters and 25,000 employees remains a work in progress with Democratic U.S. Rep. Jim Himes, who represents Fairfield County, joining the fray.
A central Connecticut restaurateur with a trio of pubs serving gourmet pretzels is bringing a similar concept to downtown Bethel, envisioning a venue with appeal both as a casual daytime spot as well as a place to socialize in the evenings.
State officials have reached out to Amazon in response to the reported foundering of its plans for a headquarters in Queens, New York, and city officials are also tracking the situation.
With a new attorney general, Connecticut’s Democratic Senators believe they have a better chance of passing legislation that seeks to limit what employers can say to employees in the workplace.
A former Connecticut mayor has resigned as president of a local Chamber of Commerce after his Facebook post about a group of congresswomen at the State of the Union speech was condemned as misogynistic.
The fate of a bill that could bring a new casino to the state is uncertain, but MGM Resorts International wants to keep its Bridgeport-based project on people’s minds.
A bankruptcy judge on Thursday blessed a $5.2 billion plan by Sears chairman and biggest shareholder to keep the iconic business going.
The nation’s federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders.
The president of the Greater New Britain Chamber of Commerce has been put on leave for a misogynistic posting on Facebook made during President Donald Trump’s State of the Union address.
Charlotte Russe is the latest brand to announce a series of closures as the chain stores continue to feel the strain in the changing industry.
A federal grand jury has indicted a former armored truck driver on charges accusing him of taking more than $900,000 from the vehicle.
The Hartford Financial Services Group Inc. on Monday reported fourth-quarter net income of $196 million, after reporting a loss in the same period a year earlier.
Passing paid family and medical leave legislation tops the list of Connecticut Democrats’ list of priorities for 2019.
Some of Connecticut’s members of Congress are pressing the U.S. Department of Housing and Urban Development to do more to address the state of decrepit housing complexes in Hartford.
Massachusetts Gov. Charlie Baker wants Connecticut to help his administration collect millions of dollars in unpaid highway tolls, calling for a reciprocity agreement with neighboring state officials.
Gov. Ned Lamont, long dissatisfied with the way the state conducts economic development, will give details of a plan Friday in which three extremely high profile executives will form a public-private triumvirate in the hope of bringing more jobs to Connecticut.
Two state lawmakers proposing limits on Connecticut’s craft brewery industry have withdrawn their bills following an outcry from brewers.