Abercrombie closing up to 60 stores after posting wider loss

Abercrombie & Fitch Co. says it's closing up to 60 stores in the United States and reported a wider fiscal second quarter loss, as both U.S. and international sales fell

Christie nixes bill to raise New Jersey minimum wage to $15

Gov. Chris Christie has shot down an attempt to raise New Jersey's minimum wage to $10.10 an hour in the next year and to at least $15 over the next five years

US consumer confidence in August highest in 11 months

US consumer confidence rises in August to highest reading in nearly a year

DILBERT

BUSINESS SNAPSHOT

LOCAL

Region set for Innovation Places effort

Spark Makerspace and the CURE Innovation Commons are collaborating on an effort to have the Thames River designated as one of Connecticut's Innovation Places, enabling the region to develop facilities and programs to attract high-growth companies.

Illegally operating firms pay $1.1 in state fines

Fines against out-of-state companies doing business illegally in Connecticut brought $1.1 million into the general fund last fiscal year, the state announced Tuesday.

Affordable housing forum planned in October

The Eastern Connecticut Association of Realtors has won a $5,000 grant from the the National Association of Realtors to help fund an affordable-housing forum this fall.

NATIONAL

Medical care costs loom as retirees’ biggest financial obligation

A new analysis from Fidelity Retiree Health Care Cost Estimate says a 65-year-old couple retiring in 2016 will need an whopping $260,000 to cover health care costs in retirement.

Pork pie problem: UK food traditions to lose EU support

UK farmers stand to lose a lot from Britain's exit from the European Union