Financial

ID 121782861 © Lensvijay | Dreamstime.com
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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ID 109585728 © Chon Kit Leong | Dreamstime.com
December 28, 2018 - 2:42 pm
Hartford, Conn. (WTIC) - Wells Fargo Bank will pay $575 million to resolve claims that the bank violated state consumer protection laws. The settlement outlines the violations in that Wells Fargo opened millions of unauthorized accounts and enrolled customers into online banking services without...
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WTIC FILE PHOTO
AP
November 29, 2018 - 8:53 am
Participants on a former state panel charged with examining Connecticut's fiscal situation returned Wednesday as private citizens to issue additional dire warnings and recommendations, but this time to a new, incoming governor and General Assembly.
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AP
November 28, 2018 - 12:35 pm
HARTFORD, Conn. (AP) - A Connecticut businessman who avoided paying more than $4.8 million in federal income taxes has been sentenced to 7 1/2 years in prison. Federal prosecutors say 58-year-old David Adams was sentenced Tuesday in U.S. District Court in Hartford. The Old Saybrook man pleaded...
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AP
November 28, 2018 - 12:28 pm
BRIDGEPORT, Conn. (AP) - Connecticut-based People's United Bank has reached an agreement to acquire a Boston-area bank in a transaction valued at $327 million. People's United's holding company, People's United Financial, Inc., saidTuesday it had agreed to buy the parent company of Belmont Savings...
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AP
April 14, 2018 - 12:34 pm
HARTFORD, Conn. (AP) - Potential contenders for Connecticut's next governor are debating whether the state should eventually pay off $550 million of the capital city's debt. Some view it as an unfair taxpayer-funded bailout. Others consider the agreement a step toward Hartford's eventual fiscal...
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