Financial

Dave Mager, WTIC News
Dave Mager
October 08, 2019 - 4:38 pm
After almost fifty years in Tolland, the Dari Farms frozen foods distribution center will shut down at the end of next week. Almost 100 jobs will be lost. Dari Farms had been owned by the locally-based Silva family until August of last year, when it was bought out by Diversis Capital, LLC of Los...
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AP
July 07, 2019 - 8:44 am
HARTFORD, Conn. (AP) _ State Comptroller Kevin Lembo says Connecticut is on track to wrap up the fiscal year that ended June 30 with an almost $701 million surplus. The Democrat says that amount will be reduced by nearly $541 million to cover the cost of a new special reserve fund for the Teacher's...
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Photo by WTIC's Will Purcell
AP
June 04, 2019 - 10:15 pm
By SUSAN HAIGH Associated Press HARTFORD, Conn. (AP) _ A two-year, $43 billion state budget cleared the Connecticut Senate Tuesday and advanced to the governor's desk mostly along largely party lines, marking a departure from two consecutive years of bipartisan budgets. The bill passed on a vote of...
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AP
January 11, 2019 - 3:25 pm
NEW YORK (AP) - Stocks slipped Friday as falling oil prices dragged down energy companies, but the S&P 500 remained on track to close out its third straight winning week following a brutal stretch in December. KEEPING SCORE: The S&P 500 was down 7 points, or 0.3 percent, at 2,589, as of 3 p...
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Wavebreakmedia Ltd - Dreamstime.com
AP
January 04, 2019 - 4:46 pm
NEW YORK (AP) - Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild three months for markets. Hopes for progress in the U.S.-China trade dispute, a strong report on the U.S. jobs...
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AP
January 02, 2019 - 6:21 pm
SAN FRANCISCO (AP) - Apple acknowledged that demand for iPhones is waning, fulfilling the worst fears of investors concerned that the company's most profitable product has lost some of its luster. The reckoning came in the form of a warning that Apple CEO Tim Cook delivered to the company's...
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