Business

Business, economic news

Conn. hospital, workers trying to end lockout

Dec 4, 2013
Lawrence + Memoriail Strikes

Officials from Lawrence + Memorial Hospital in New London and the union representing nurses who work there met at the bargaining table on Tuesday to work on a deal that would end a lockout.

The state of Connecticut is giving the Stamford-based office technology company Pitney Bowes $10 million in forgivable loans and $17 million additional in loans, grants and tax credits, in order to keep the company in the state.

AP

The Long Island Power Authority announced a $3.5 billion budget Tuesday.  That’s $72 million less than last year before New Jersey-based PSEG took over near all operations.  Deep cuts were made to deliver on promises of a rate freeze.   

AP Photo/Jessica Hill

Connecticut Treasurer Denise Nappier announced on Thursday that the first sale of $560.4 million is going to cost the state 3.01% in interest  and it will have 15 years to pay it back. Nappier says the second wave of $314.3 million has a shorter maturity and will cost the state .5%  in interest. 

Kaomi Goetz

Stamford Mayor Mike Pavia announced Thursday that there are finally plans to develop a downtown plot called Parcel 38, or as it’s locally known, “the hole in the ground.” He says the $100 million development fits Stamford’s future. 

Pages