<![CDATA[NBC Connecticut - Business News]]>Copyright 2017http://www.nbcconnecticut.com/news/business http://media.nbcnewyork.com/designimages/NBC_Connecticut.png NBC Connecticut http://www.nbcconnecticut.comen-usMon, 29 May 2017 21:34:44 -0400Mon, 29 May 2017 21:34:44 -0400NBC Owned Television Stations <![CDATA[How Best Buy Escaped the Retail Apocalypse]]> Thu, 25 May 2017 19:52:10 -0400 http://media.nbcconnecticut.com/images/213*120/Best+Buy+General+copy.jpg
Shares of Best Buy surged more than 20 percent Thursday after the company posted unexpected sales growth in same store locations.Best Buy is a retail anomaly because it's an enjoyable place to shop, CNBC...

Photo Credit: Alexandra Clark/AP, File]]>
<![CDATA[Race Car Costs: The High Price of Fielding a Racing Team]]> Thu, 25 May 2017 11:54:23 -0400 http://media.nbcconnecticut.com/images/213*120/indy500.jpg
Gentlemen, start your engines — of your money-munching machines.While waiting for the flag to drop at the Indianapolis 500 this Memorial Day weekend, are you fantasizing about becoming a race car driver?...

Photo Credit: AP]]>
<![CDATA[Vineyard Vines Coming to Westfarms]]> Fri, 19 May 2017 10:12:32 -0400 http://media.nbcconnecticut.com/images/213*120/Vineyard_Vines_Gives_Back_Through_Charity_1200x675_346356291664.jpg
Vineyard Vines is coming to Westfarms in the fall with a 4,000-square-foot store on the upper level, near Center Court.

Photo Credit: NBCConnecticut.com]]>
<![CDATA[Tesla Workers Suffer Fainting Spells, Dizziness: Report]]> Thu, 18 May 2017 21:48:15 -0400 http://media.nbcconnecticut.com/images/213*120/GettyImages-479833756-Musk.jpg
Workers at Tesla's car factory in California have been fainting, experiencing dizziness and even having seizures, often requiring medical attention.The symptoms have led to more than 100 calls for ambulances...

Photo Credit: Getty Images (File)]]>
<![CDATA[US Dollar Surges After Traders Speculate on Trump ]]> Thu, 18 May 2017 15:48:09 -0400 http://media.nbcconnecticut.com/images/213*120/stockmarketsgeneric_1200x675.jpg
The U.S. dollar suddenly surged against the British pound and other currencies Thursday after the reemergence of former FBI Director James Comey saying Trump never asked to end the probe, reported CNBC.The...

Photo Credit: Getty Images]]>
<![CDATA[Companies Stashing Bitcoin in Anticipation of Cyberattacks]]> Thu, 18 May 2017 08:11:47 -0400 http://media.nbcconnecticut.com/images/213*120/bitcoins.jpg
Companies are stockpiling bitcoins in preparation of future "ransomware" attacks, which have grown exponentially over the past few years, NBC News reported. According to cybersecurity experts and firms, about...

Photo Credit: Getty Images]]>
<![CDATA[Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook]]> Wed, 17 May 2017 19:28:18 -0400 http://media.nbcconnecticut.com/images/213*120/CISCO_AP_16229651180299.jpg
Cisco announced Wednesday that it will be cutting 1,100 employees as part of its expanded restructuring plan.The new job cuts come only months after the enterprise technology company cut 5,500 jobs —...

Photo Credit: AP Images, File]]>
<![CDATA[Stocks Suffer Worst Day of the Year Amid White House Chaos]]> Wed, 17 May 2017 16:14:02 -0400 http://media.nbcconnecticut.com/images/213*120/wall-street-sign.jpg
U.S. stocks closed sharply lower on Wednesday as investors digested the latest news out of Washington, with the Dow Jones averagine about 370 points lower, Goldman Sachs contributing the most losses, CNBC...

Photo Credit: AP]]>
<![CDATA[Lucky Charms to Give Away Boxes with Marshmallows Only]]> Wed, 17 May 2017 13:45:31 -0400 http://media.nbcconnecticut.com/images/213*120/luckycharms.jpg
General Mills is holding a contest to give away 10,000 boxes of Lucky Charms filled with only marshmallows.]]>
<![CDATA[StubHub to Move from East Granby Next Year]]> Tue, 16 May 2017 19:33:04 -0400 http://media.nbcconnecticut.com/images/213*120/Confessions-of-a-stubhub-scalper.jpg
StubHub is moving its customer service center out of East Granby next summer after 12 years in town.

Photo Credit: StubHub]]>
<![CDATA[Outage Jolts Starbucks Customers at Some Stores]]> Tue, 16 May 2017 15:02:35 -0400 http://media.nbcconnecticut.com/images/213*120/511143580-Starbucks-generic.jpg
Customers at some Starbucks shops hit a snag Tuesday while trying to fill up their coffee cups, CNBC reported. Registers were knocked offline by a technology update that was being installed overnight,...

Photo Credit: Ben Pruchnie/Getty Images, File
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<![CDATA[How to Stay Safe If an Active Shooter Comes to Your Job]]> Tue, 16 May 2017 10:57:09 -0400 http://media.nbcconnecticut.com/images/213*120/active-shooter-training-GettyImages-567382253.jpg
Active shooter scenarios are unpredictable but now more and more businesses want to be prepared.One security consulting firm said inquiries about what to do have surged after recent workplace tragedies...

Photo Credit: LA Times via Getty Images, File]]>
<![CDATA[Whole Foods Shakes Up Board as Key Sales Figure Falls Again]]> Wed, 10 May 2017 17:38:20 -0400 http://media.nbcconnecticut.com/images/213*120/Whole+Foods.png
Whole Food Markets on Wednesday announced a shakeup of its board and named a new CFO as it works to turn around its struggling business, which has seen seven straight quarters of same-store sales decline.Keith...

Photo Credit: NBC 5]]>
<![CDATA[Snap Plunges on First Earnings Report as Public Company]]> Wed, 10 May 2017 17:41:51 -0400 http://media.nbcconnecticut.com/images/213*120/snapchatonwallst_1200x675.jpg
Snap, parent company of social media site Snapchat, reported quarterly financial results for the first time on Wednesday, posting revenue that missed estimates and slower-than-expected user growth.Shares...

Photo Credit: Getty Images]]>
<![CDATA[Amazon Fires Back at Wal-Mart, Lowers Free Shipping Minimum]]> Wed, 10 May 2017 09:02:34 -0400 http://media.nbcconnecticut.com/images/213*120/AP_93380942358.jpg
Amazon has lowered its free shipping threshold from $35 to $25, undercutting Wal-Mart by $10 and escalating a battle between the the e-commerce giant and the largest big-box retailer, CNBC reported.Earlier...

Photo Credit: AP]]>
<![CDATA[Apple Pledges $1 Billion Boost to US Manufacturing ]]> Wed, 03 May 2017 19:28:46 -0400 http://media.nbcconnecticut.com/images/188*120/apple-GettyImages-516837044.jpg
Apple plans to start a $1 billion fund to create more advanced manufacturing jobs in the United States, company CEO Tim Cook told “Mad Money” host Jim Cramer on Wednesday.As CNBC reports, the fund fits...

Photo Credit: Getty Images (File)]]>
<![CDATA[Bank Shares Rise After Trump Talks of Breaking Up Big Banks]]> Mon, 01 May 2017 16:31:40 -0400 http://media.nbcconnecticut.com/images/213*120/tru4AP_171015770945192.jpg
President Donald Trump said Monday he is "looking at" breaking up some of the nation's biggest banks, returning to a campaign promise that he'd since seemed to have put on the back burner.Major averages...

Photo Credit: AP (File)]]>
<![CDATA[Chipotle Reports Payment System Was Hacked]]> Wed, 26 Apr 2017 06:25:55 -0400 http://media.nbcconnecticut.com/images/213*120/chipotle9.jpg
Mexican fast food chain Chipotle announced Tuesday that its customer payment system had been breached, CNBC reported.In a statement on the company's website, Chipotle said it detected "unauthorized activity"...

Photo Credit: Lynne Sladky/AP, File]]>
<![CDATA[Bebe Is Closing All 175 of Its Stores]]> Fri, 21 Apr 2017 09:35:45 -0400 http://media.nbcconnecticut.com/images/213*120/bebe5.jpg
Bebe expects to close all of its brick-and-mortar locations by the end of May, the clothing retailer said in a filing Friday with the Securities and Exchange Commission. The chain had previously said it...

Photo Credit: AP]]>
<![CDATA[MasterCard Rolls Out Cards With Fingerprint Sensor]]> Thu, 20 Apr 2017 11:07:55 -0400 http://media.nbcconnecticut.com/images/213*120/MasterCard-34123792165_e987246927_o.jpg
MasterCard is testing payment cards with fingerprint sensors in South Africa and hopes to roll it out to the rest of the world by the end of the year, the company said Thursday.

Photo Credit: Courtesy MasterCard]]>
<![CDATA[Green Initiatives of Top Companies ]]> Wed, 19 Apr 2017 21:00:25 -0400 http://media.nbcconnecticut.com/images/213*120/DIT+Earth+Week+Companies+THUMB.jpg
In honor of Earth Week, NBC looked at 5 of the most valuable companies to see what kind of green initiatives they are engaged in.]]>