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Connecticut Post Business
- Stocks open lower after report on jobless claims
NEW YORK - Wall Street is giving back some of its recent gains as investors absorb lackluster reports on jobless claims and orders for big-ticket items. - U.S. on hook for nearly $7 trillion
WASHINGTON -- Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit - Jewelry store adds staff to handle repairs on-site
GREENWICH -- It's one thing to sell fine designer jewelry and watches, but it's another to know how to service them. That's why Manfredi Jewels, of Greenwich, has added three full-time artisans to - AIG cuts pay to company's top executives
American International Group Inc., under pressure to limit executive compensation after a U.S. bailout, froze pay and scrapped bonuses for seven top leaders and said Chief Executive Officer Edward - Bayer to pay $97m to settle kickback allegations
WASHINGTON (AP) - German medical conglomerate Bayer will pay $97.5 million to settle U.S. government allegations that it paid kickbacks to medical suppliers to boost sales of its diabetes products. - Business roundup
Danbury company fined by OSHA DANBURY -- The U.S. Labor Department's Occupational Safety and Health Administration cited Sand Cut Properties LLC for multiple safety violations with attached fines - UI buys Orange theater site for operations center
ORANGE -- The United Illuminating Co. said Tuesday it has bought the former Showcase Cinemas site for $21.25 million and will use the property as its operations center. - Stocks finally show some stability
NEW YORK -- Wall Street showed some signs of stability Tuesday as investors, heartened by government plans to aid consumer lending companies, selectively bought more stocks following a huge two-day - Congress wants sacrifices from automakers
DETROIT (AP) - A list of job cuts, shuttered factories, canceled bonuses and commitments to fuel-efficient cars won't be enough next week when U.S. automakers get another shot to persuade Congress - Deadline Friday to claim stimulus checks
WASHINGTON (AP) - Taxpayers who believe their economic stimulus checks went astray must update their addresses with the Internal Revenue Service by Friday. - Consumer confidence rise in November
NEW YORK (AP) - Consumer confidence rose in November amid receding gas prices, but Americans' views on the economy remain the gloomiest in decades as they grapple with massive layoffs, slumping - AIG restricts exec compensation
CHARLOTTE, N.C. (AP) - American International Group Inc. said Tuesday it is limiting how much it pays its top executives, including granting a $1 salary for this year and the same for 2009 to its - Safety group issues holiday toy warnings
WASHINGTON (AP) - If the toy fits inside the tube from a toilet roll, it's too small for the tiny tots, consumer advocates warned Tuesday. U.S. Public Interest Research Group said parents shopping - Oil prices tumble; gas falls to 2004 levels
COLUMBUS, Ohio (AP) - Oil prices fell 5 percent Tuesday and gasoline prices fell to levels not seen since 2004 as a raft of lousy news about the economy, housing and the consumer state of mind - Analysis: Why Citi had to be rescued
WASHINGTON -- Taxpayers may be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. - Stocks soar after government bailout of Citigroup
NEW YORK -- The government's latest bailout of a big financial company -- this time, Citigroup Inc. -- sent Wall Street soaring Monday for the second straight session as investors bet that the worst - Citigroup bailout may help some homeowners
Bailout may help some homeowners WASHINGTON -- The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling - Stop & Shop recalls butternut squash in dinners
QUINCY, Mass. -- Stop & Shop Supermarket Co. is recalling all butternut squash side dishes that are packaged with the supermarket chain's prepared turkey and ham holiday dinners. - AG and UI tussle over electric rates
Attorney General Richard Blumenthal called on state regulators to not only reject The United Illuminating Co.'s proposed 8.9 percent rate increase but also to trim the utility's rates by $10. - GM ends 9-year endorsement deal with Tiger Woods
DETROIT -- General Motors is bailing out on Tiger Woods. Woods, a global icon in sports with his 14 major championships, has been carrying the Buick logo on his golf bag for the last nine years and - Turbulent time for alternatives to fossil fuels
ALBANY, N.Y. -- Wind development in New York has hit a bit of turbulence. The nationwide financial crisis has put the brakes on a wind farm under construction in northern New York and another - AAA expects slight dip in holiday travel
Thanksgiving travelers can expect a bit less stuffing this year -- the kind that happens when too many people jam the nation's roads and airports. AAA said Monday it expects a 1. - More housing aid sought as prices sink further
WASHINGTON -- With nationwide sales of existing homes falling more than expected last month and the median sales price plunging to $183,000, the U.S. housing market keeps getting worse. - Stocks soar on Citigroup bailout
NEW YORK (AP) - The government's latest bailout of a big financial company - this time, Citigroup Inc. - sent Wall Street soaring Monday for the second straight session as investors bet that the - New York may lose 225,000 jobs
New York may lose as many as 225,000 jobs and $6.5 billion in securities industry-related tax revenue over the two-year period ending in October 2009, state Comptroller Thomas P. - End-of-year tax planning takes election year twist
NEW YORK - Heading into the holidays it's likely you're going to be thinking a lot about money. And this time of year tax advisers like to remind us that there are ways to minimize our tax bill next - Feds pump $20B into sinking Citigroup
WASHINGTON -- Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow $20 billion into the company. - Winter salt costs jump 32 percent
The salty dogs of the state Department of Transportation are ready to roll this winter, though the state did see its per-ton price for salt go up more than 30 percent. - Before co-signing a loan, some points to remember
If you turn down a relative's request to borrow some cash, they may ask you to co-sign a loan instead. Co-signing a loan isn't a mere character reference. - Web connects homeowners, contractors
TRUMBULL -- Two years ago Tom Watson and Stephen Lein Jr. came up with a simple idea for a business: help people find licensed, insured contractors who would call them back. - How to protect your cash when making a family loan
Digesting your turkey and sweet potatoes may be tougher this Thanksgiving, when that uncle you rarely hear from pulls you aside to ask for a loan. So this holiday season, be prepared to protect - Trek introduces chainless bicycles
RICHMOND, Va. -- Pedalers of the world, unite! You have nothing to lose but your chains.If you've ever been riding down the street and had y