Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year, including at its corporate offices and jet engine-maker Pratt & Whitney in East Hartford.
With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer.
Connecticut’s governor said Monday he does not want to see schools closing their buildings because of isolated coronavirus cases and urged districts offering only distance learning to consider revisiting their plans.
The police chief of Connecticut’s largest city resigned Thursday hours after being arrested on federal charges that he teamed with Bridgeport’s personnel director to rig the hiring process to ensure he got the job two years ago.
The nation’s unemployment safety net is looking increasingly shaky, with a $300-a-week federal jobless benefit from the Trump administration running out just weeks after it began and millions of laid-off Americans nearing an end to their state unemployment aid.
Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank’s next chief executive, making Fraser the first woman to ever lead a Wall Street bank.
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
The former executive director of a Connecticut community development agency was sentenced Tuesday to five months in prison for stealing nearly $98,000 from the organization.
JPMorgan Chase said Tuesday that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.
At least there won’t be a government shutdown. But as lawmakers straggle back to Washington for an abbreviated preelection session, hopes are dimming for another coronavirus relief bill – or much else.
A Democratic-controlled special committee of Connecticut legislative leaders voted Friday to extend Democratic Gov. Ned Lamont’s emergency powers until Feb. 9.
The U.S. unemployment rate fell sharply in August to 8.4 percent from 10.2 percent even as employers slowed their hiring again in one of the final major barometers of the economy to be released before Election Day.
The Trump administration has issued a directive halting the eviction of certain renters though the end of 2020 to prevent the spread of the novel coronavirus, but the action has met a mixed reception among both housing advocates and real estate industry groups.
Macy’s Inc. on Wednesday reported a fiscal second-quarter loss of $431 million, after reporting a profit in the same period a year earlier.
Gov. Ned Lamont announced Monday he will file a request for a five-month renewal of his public health emergency powers with legislative leaders as the coronavirus pandemic continues, saying the new Feb. 9 deadline will provide continuity and give his administration flexibility if Connecticut’s COVID-19 situation changes and quick actions become necessary.
Connecticut’s minimum wage increased from $11 to $12 an hour on Tuesday, under a new state law designed to gradually raise the rate over several years.
Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
Officials at University of Connecticut say 57 students who have tested positive for COVID-19 are in isolation as university officials welcome back its 5,000 residential students.
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people, including 1,000 at its Massachusetts casino.
Top officials from Eversource on Thursday defended the utility’s electricity restoration efforts after Tropical Storm Isaias hit Connecticut earlier this month, but some state legislators remained unimpressed, questioning why vulnerable constituents were left in the dark for more than a week.