Connecticut

Connecticut will receive $36 million of a $1.4 billion multistate settlement with Standard & Poor's over allegations that S&P misled investors, state officials announced.

Attorney Lisa Grasso Egan will serve as Connecticut's undersecretary for labor relations, state budget director Benjamin Barnes announced Jan. 30.

Connecticut's Bond Commission approved $5.1 million to create two microgrid projects in Bridgeport and Milford that will help keep critical buildings and facilities powered in case the electric grid goes down.

The calendar and a stronger sense of storm preparedness will help soften the blow of this winter's first major Northeast blizzard, capital markets observers said Tuesday.

A major Northeast winter storm caused issuers to postpone about $1.7 billion of bond sales , including a $1 billion Pennsylvania GO offering.

Connecticut is providing Bridgeport, Conn., $300,000 to redevelop its historic Remington Arms Factory site.

Gov. Dannel Malloy reduced Connecticut's executive branch budget by roughly $25 million, as the state looks to plug a $121 million budget for fiscal 2015.

Standard & Poor's raised the rating of New Britain, Conn.'s general obligation pension funding bonds three notches to A from BBB, the city's rating last year after a downgrade.

Connecticut's Bond Commission approved $5.75 million toward new railroad stations on the New Haven-Hartford-Springfield line and the New Haven line, Gov. Dannel Malloy said.

Law firms Locke Lord and Edwards Wildman Palmer closed their $675 million merger and will operate as Locke Lord Edwards, with 1,000 lawyers in 23 locations.

Connecticut needs a secure transportation lockbox that all funds raised for transportation is spent on that, said Gov. Dannel Malloy on the cusp of his second term.

Susan Weisselberg will become deputy secretary of the Connecticut Office of Policy and Management, OPM Secretary Benjamin Barnes announced.

The Green Energy Park is expected to earn Bridgeport, Conn., more than $7 million in tax revenue over its 20-year lease with United Illuminating, said Mayor Bill Finch.

Connecticut OPM operative Karen Buffkin will serve as general counsel to Gov. Dannel Malloy’s office when he begins his second term.

Connecticut receives $30 million in grants for restoration and resiliency to infrastructure in municipalities affected by Hurricane Sandy, Gov. Dannel Malloy announced.

Connecticut received nearly $12.5 million in discretionary federal funding to expand preschool programs in 14 high-need communities.

The Town of Brookfield, Conn. has disclosed that water facilities financed with some of its tax-exempt bonds may have private business use.

Connecticut's $557 million GO sale will save the state $35.4 million through refinancing and also attracted green investors, said state Treasurer Denise Nappier.

Connecticut Treasurer Denise Nappier's office has issued a request for proposals for private investment consulting services.

In-state investments by the Connecticut Retirement Plans and Trust Funds totaling more than $400 million are generating solid investment returns, state Treasurer Denise Nappier said.