Plans filed for four-story apartment building on former Perkins Farm property

A Groton developer has filed a site plan application for a $20 million, 121-unit apartment building, the last approval he needs to begin construction of the first phase of a medical, research and residential campus on the former Perkins farm on...

Mechanical problem forces Mystic YMCA to alter project schedule

The Mystic branch of the Ocean Community YMCA has moved up its plans to close its pool and locker rooms as part of the facility’s $7.2 million renovation and expansion after a failure in the pool’s mechanical room forced the shutdown...

Fed raises key rate and foresees 2 more hikes this year

FILE - In this March 1, 2018, file photo, Federal Reserve Chairman Jerome Powell testifies as he gives the semiannual monetary policy report to the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve’s first meeting under Powell’s leadership will likely end Wednesday, March 21, with an announcement that the Fed will resume its modest interest rate hikes. (AP Photo/Jacquelyn Martin, File)

Fed boosts key interest rate by quarter-point and sticks with projection of 3 hikes this year




Business Briefs

Business Briefs

Fur is dead: Animal welfare groups cheer San Francisco ban

In this photo taken Friday, March 16, 2018, Benjamin Lin looks over a 60-year-old cheetah jacket he is restoring at the B.B. Hawk showroom in San Francisco.  San Francisco supervisors voted unanimously to ban the sale of fur, further burnishing the city's animal-loving credentials as it becomes the largest U.S. city to approve the prohibition. (AP Photo/Eric Risberg)

San Francisco could become the largest US city to ban the sale of fur, meaning no more fur salons at upscale department stores and no more key chains with real rabbit feet

New London applies for new Opportunity Zone designation

Mayor Michael Passero has nominated three city neighborhoods for inclusion in a new federal Opportunity Zone program, a designation that would provide tax incentives for private investments in low-income and underserved areas.