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Economic Development

GE is cutting 12,000 jobs

CNNMoney |

General Electric is cutting 12,000 jobs as its new CEO tries to turn the troubled company around.

Mohegan Sun aims to expand CT reach with Bridgeport Arena deal

Patricia Daddona |

Mohegan Sun, which is embroiled in a legal and public relations battle with MGM Resorts International over gaming rights in Connecticut, on Wednesday said it has partnered with Bridgeport's Webster...

UnitedHealth Group to buy Denver-based physician network for $5B

Patricia Daddona |

Minnesota-based health insurer UnitedHealth Group Inc., which has a strong presence in Hartford, said Wednesday that its Optum division will buy a Denver-based medical group for $4.9 billion.

MGM, tribes open new fight over casino expansion in Connecticut


The chief executive officer of MGM Resorts International courted a business audience in Trumbull Tuesday night, asking they join him in lobbying the General Assembly next year for legislation ending...

Downtown's 750 Main sold at $4.3M

Gregory Seay |

The New York operator of flexible office space in the Northeast has acquired downtown Hartford's historic 750 Main St. office tower for $4.3 million, authorities say.

Stanley Black & Decker to open advanced manufacturing center in downtown Hartford

Patricia Daddona| John Stearns |

New Britain toolmaker Stanley Black & Decker will announce Tuesday it plans to launch an advanced manufacturing center in downtown Hartford, in what will be the global manufacturer's first presence...

Eversource's $1.7B purchase of Aquarion complete

Patricia Daddona |

Electric utility Eversource has completed its $1.7 billion acquisition of Bridgeport's Aquarion Water Co. -- the only U.S.-based electric utility to also own a water utility.

Glastonbury fintech startup raises $6M

Patricia Daddona |

Glastonbury digital payments provider Payrailz said it will receive a $6 million capital infusion from an investment group that includes a financial firm, two venture firms and two banks.

W. Hartford law firm opens fourth office in Boston

Patricia Daddona |

West Hartford law firm Seiger Gfeller Laurie LLP has opened an office in Boston, its fourth in the Northeast.

The Hartford agrees to $3B life/annuity business sale

Patricia Daddona |

Property and casualty insurer The Hartford said Monday it will sell Talcott Resolution, its run-off life and annuity businesses, for $2 billion while retaining $950 million in tax benefits.

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