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Business Briefs

ELECTED Following the 148th Annual Meeting of Corporators on March 30, Jewett City Savings Bank announced the election of Christian Sarantopoulos of Pomfret Center as corporator. Sarantopoulos is a practicing attorney and owner of...

Nutmeg Pharmacy adds New London location

Pharmacy Manager Jason Navallil, left, helps customer Carol Golart, of Waterford, at the new Nutmeg Pharmacy location in New London on Monday, April 12, 2021.

This is the fifth location for the 10-year-old Connecticut chain, joining ones in Higganum, Centerbrook, Taftville and Moodus.

Fed's Powell says U.S. economy will grow, but COVID still threat

In this Dec. 1, 2020, file photo, Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. During an interview broadcast Sunday, April 11, 2021, on CBS'

The chairman of the Federal Reserve says the U.S. economy is poised for an extended period of strong growth and hiring even though the coronavirus still poses some risk




General Motors and Ford halt production at more factories as global semiconductor shortage worsens

In this aerial photo, a General Motors assembly plant is seen in Wentzville, Mo.  As the U.S. economy awakens from its pandemic-induced slumber, a vital cog is in short supply: the computer chips that power our cars and other vehicles, and a vast number of other items we take for granted.  (Jeff Roberson/AP Photo)

The pandemic-related chip shortage has hit nearly every major automaker, leading to production cutbacks worldwide that have affected Toyota, Volkswagen, Honda and others.

Dozens of America's biggest businesses paid no federal income tax -- again

White House press secretary Jen Psaki points to a corporate tax rate chart on April 1, 2021, during a news briefing. Last year, 55 of the nation's largest corporations paid no federal income tax on more than $40 billion in profits, research shows. (Demetrius Freeman/The Washington Post)

In fact, they received a combined federal rebate of more than $3 billion, for an effective tax rate of approximately negative 9%.

Customers are flocking to the just-opened Mexican restaurant La Llorona in Niantic

Chef Chris Herbert works on making enchiladas Thursday, April 8, 2021, at La Llorona in Niantic. The new Mexican restaurant opened in early April.  (Sarah Gordon/The Day)

La Llorona is a family venture by relatives who have worked in restaurants in the area but had never opened their own place.La Llorona is a family venture by relatives who have worked in restaurants in the area but had never opened their own place.