Business, economic news

Bridgeport Library Becomes Hub For Small Business

Nov 30, 2015
Cassandra Basler

The aroma of evergreen embers filled the conference room at the Bridgeport Public Library, but it wasn’t coming from the fire that burned in the stone hearth.

Volkswagen admitted it intentionally cheated on federal emissions tests. The German automaker now faces billions of dollars in fines and litigation, plus the cost of fixing some 11 million diesel cars worldwide.

That's just the company. The scandal is costing owners, too — at least those who are trying to sell their VW diesels. Not surprisingly, resale prices for the affected cars have been falling.

(AP Photo/Jessica Hill)

Disney's ESPN is cutting about 300 jobs, or 4 percent of its staff, amid signs that the traditional cable bundle is less far-reaching than it once was.

ESPN spokeswoman Amy Phillips confirmed the number of job losses Wednesday.

The Bristol, Connecticut-based sports channel is one of the linchpins of the traditional cable bundle of hundreds of channels, which is under pressure from viewers migrating online. A few are choosing to bypass paying for a cable subscription entirely, opting instead for a growing number of choices of online TV alternatives.

U.S. Department of Justice

The court appointed trustee unwinding the Madoff Ponzi scheme announced more checks will be mailed-out to victims later this year. Those who invested less $1.1 million dollars will be getting a full payback.

(AP Photo/Toby Talbot)

The Suffolk County Legislature has voted unanimously to hire attorneys and sue drug companies that make opioid-based painkillers.