Gillibrand Bill Backs Employee-Owned Businesses

May 15, 2018
Jacquelyn Martin / AP

Senator Kirsten Gillibrand of New York wants to make sure small businesses can stay open when their owner retires. She announced new legislation to make it easier for owners to transfer their business to their workers.

Charles Dharapak / AP

Congressman Jim Himes says he’s confused by President Donald Trump’s announcement that he would work with China to create jobs for the Chinese phone maker ZTE.

Sacred Heart University

Connecticut’s economy is anything but boring. Revenue streams are fluctuating with a very volatile stock market. Last month the state was facing a $200 million deficit for this fiscal year. Now, state officials say, much to their surprise, there’s a $1 billion surplus.   

John Minchillo / AP

The conglomerate General Electric is still considering a breakup of the 126-year-old company. In an earnings call with investors, executives said the company’s current business is profitable, but dragged down by past ventures.

Jenny Kane / AP

Spotify, the popular music streaming service starts, trading on the New York Stock Exchange Tuesday morning. The company opted to forego the traditional IPO and instead list and trade its shares without the help of an investment bank. Many in both the tech and music industries are watching the stock closely.