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Sikorsky parent “de-risks” $2.6 billion in pension obligations

Matt Pilon |

Defense giant Lockheed Martin, which acquired Stratford's Sikorsky for $9 billion just over three years ago, said it has inked deals to shift $2.6 billion in retiree pension obligations to Prudential...

Just 4% of companies boosted hiring because of tax cuts


The expensive 2017 tax law failed to encourage Corporate America to embark on a boom in hiring or job-creating investment.

Farmington landlord-entrepreneur Autorino dies

Gregory Seay |

Farmington landlord-entrepreneur Anthony D. “Tony” Autorino, once the youngest executive to run one of United Technologies Corp.'s divisions, has died. He was 80.

New Haven takes a quantum leap


The quest to develop the supercomputers of the future is now taking place in part at the corner of Winchester and Munson in New Haven, where a Yale-connected tech start-up formally has launched a new...

DECD's Smith steps down Friday

Joe Cooper |

Connecticut will be getting a new head of economic development, as Commissioner Catherine Smith told constituents Friday would be her last day leading the state Department of Economic and Community...

Record sales lift Amphenol’s 4Q earnings; completes $400M acquisition

Joe Cooper |

Wallingford fiber-optics components manufacturer Amphenol said record sales helped the company reverse a fourth-quarter loss from a year earlier.

UTC's 4Q profits jump 73%; CEO Hayes airs separation plans

Joe Cooper |

Farmington conglomerate United Technologies Corp., which plans to split into three separate companies, on Wednesday said its fourth-quarter profits soared 72.7 percent on booming aerospace sales and...

Hartford, E. Hartford 'innovation places' bows

Gregory Seay |

Hartford and East Hartford entrepreneurs and companies focused on manufacturing can now access 3-D printing, engineering design and other services, courtesy of the Technology Labs Assistance Program...

The tax cut investment 'boom' is already over. Some say it never really started


Proponents of the 2017 tax law predicted it would set off a wave of spending by American businesses.

Stanley's 4Q, '18 net slide

Gregory Seay |

New Britain hand- and power-tool maker Stanley Black & Decker's fourth-quarter profits ran red on its way to lower 2018 earnings despite strong sales.

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