Saturday, April 27th, 2024

Category: Business

CT is owed $95 million by Purdue Pharma. Here’s why the state is still waiting for its money

A year ago this week, Connecticut Attorney General William Tong announced that the state would settle one of its longest-running and most-contentious lawsuits. Today, the state still awaits the tens of millions of dollars...

TAP regrets strike. “We are doing our best to reach an agreement”

TAP said today that it respects and regrets the decision of the National Civil Aviation Flight Staff Union (SNPVAC) to go on strike this month and assured that it is doing everything possible to...

How the stock market has moved with all 5 of the Fed interest rate increases

Even with worries about an impending recession, investors have been surprisingly upbeat on the days when the Fed has increased interest rates. Investors were unhappy. On Sept. 21, just minutes after the Federal Reserve...

As US scrutinizes drug price inflation, CT considers step toward price controls

With pharmaceutical companies entering their first month of federal drug pricing reform under the Inflation Reduction Act, a Connecticut board meets Tuesday to weigh any initial impact of the law in Connecticut and other...

Aldi promises to continue to offer lowest prices despite big drop in profits

Giles Hurley, the chief executive of the supermarket chain, has made the commitment despite the company’s pre-tax profits for 2021 falling more than 86% from the previous year. Aldi has pledged to continue to...

It’s not just money. Unions are fighting for better schedules, safety and work conditions

There has been a surge in union activism — including strikes and organizing efforts — in the last year that is being driven by factors far beyond pay rates and benefits packages. If pay...

Global M&A dealmaking smashes all-time record to top $5 trillion

Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fueled frenetic levels...

The economy is still a long way from normal

Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal.

Here’s when the Pumpkin Spice Latte returns to Starbucks

Starbucks is bringing back the Pumpkin Spice Latte on Tuesday for those people already craving fall. It marks the earliest return date ever — the drink is arriving a day earlier compared to last...