Business

Fearing future strikes, hospital shuts out workers
10:27 am
Wed December 4, 2013

Conn. hospital, workers trying to end lockout

The entrance to Lawrence Memorial Hospital's main campus in New London, Connecticut
Credit 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.

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"First Five" economic development program
7:00 pm
Wed November 20, 2013

Pitney Bowes receives millions in state funds to stay in Conn.

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.

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First budget with PSEG at helm
6:15 pm
Tue November 12, 2013

LIPA delivers rate freeze with cuts and grants

Credit 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.   

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State finances
10:14 am
Fri November 1, 2013

Conn. completes major bond sales

The Connecticut State Capitol building (file photo)
Credit 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. 

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Economy
12:18 pm
Thu October 31, 2013

Stamford's "Hole in the ground" buyer plans hotel, apartments

A view of the 4.3-acre parcel purchased by developer Tom Rich and partners to develop a $100 million mixed-use project in downtown Stamford.
Credit 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. 

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