Connecticut

Biotech Amgen has agreed to pay $95 million to settle a class action filed on behalf of investors with Connecticut Retirement Plans and Trust Funds as lead plaintiff.

Kroll's downgrade to AA-minus should have little effect on Connecticut's $500 million GO sale, said state Treasurer Denise Nappier.

Connecticut, which expects to empty most of its rainy-day fund as it struggles with its budget, received a downgrade from Kroll Bond Rating Agency

Brexit, the United Kingdom’s referendum vote to leave the European Union, may complicate the fiscal strife facing many Northeast states by adding another variable to problems that were already present.

The Connecticut Housing Finance Authority intends to offer up to $63 million in fixed-rate bonds on Tuesday and $23 million as variable rate on July 13.

A transfer from Connecticut's rainy-day fund to cover a projected $316 million fiscal 2016 budget gap would be a credit negative, Moody's said.

State Treasurer Denise Nappier announced a reduction in the Connecticut Higher Education Trust management fee, now that the direct-sold plan has exceeded $2.5 billion in assets.

Hartford, Conn., Mayor Luke Bronin has called a $47 million performance bond on the developer of a minor-league baseball park, citing delays and cost overruns.

The budget problems of Connecticut, which received two downgrades Thursday, are also a problem for its three largest cities.

Standard & Poor's and Fitch Ratings both downgraded Connecticut's general obligation bonds to AA-minus from AA in advance of the state's $511 million sale.

The grim financial picture in Hartford, Conn. includes rating downgrades, doomsday budget forecasts and two stadium fiascos.

Connecticut's House of Representatives is scheduled to debate a nearly $20 billion state budget for fiscal 2017, one day after Senate approval.

The Connecticut Housing Finance Authority intends to offer $189 million in tax-exempt bonds to finance single-family mortgages.

Hartford, Conn., received a one-notch downgrade from Moody’s Investors Service, to Baa1 from A3.

The University of Connecticut intends to sell $342 million of GO bonds under its UConn 2000 infrastructure improvement program, including a $42 million refunding.

Connecticut lawmakers approved a plan to close an estimated $220 million deficit for fiscal 2016, while a nearly $1 billion shortfall for the following year hovers.

Connecticut, home to the two tribal casinos that launched a gambling boom in the northeast, may become a victim of that boom as gambling behemoth MGM builds a casino just across the state line in Massachusetts.

Revised outlooks to negative from two of the four bond rating agencies represent “bittersweet” news for Connecticut, said state Treasurer Denise Nappier.

Connecticut’s bond outlook was revised to negative from stable by Moody’s Investors Service, citing budget strains from weakening demographics.

The Schaghticoke Tribal Nation filed a lawsuit against Connecticut, asserting a casino law is unconstitutional.