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U.S. and world news for July 5

https://youtu.be/nLpNDbOaPyo Highland Park mass shooting: Robert E. Crimo III, is being held by authorities in connection with their investigation into the mass shooting during yesterday’s July...

Cuomo to McConnell: ‘Really dumb’ to tell states to go bankrupt

  https://www.youtube.com/watch?v=CbKJA7C5SqI&feature=youtu.be “This is one of the really dumb ideas of all time,” Gov. Andrew M. Cuomo said today about U.S. Senate Majority Leader Mitch McConnell's...

S&P: Connecticut poorly prepared for recession

The first year of a moderate recession would cost Connecticut $1.15 billion in revenue; the state’s reserve fund currently stands at about $127 million.

Academic deans of distinction

Five area college and university leaders are working to better integrate their schools with the outside world – in one case, a world away

Cato Institute: F for Malloy

The Cato Institute flunked Gov. Dannel P. Malloy’s tax and spending record in a new report.

LED turns 50

General Electric Co. marked the 50th anniversary of Nick Holonyak Jr.’s invention of the LED.

Report: Conn., Ill. in worst pension shape

Only Illinois has a greater ratio of unfunded state pension liabilities than Connecticut, according to a new report.

Blumenthal warns FHFA

U.S. Sen. Richard Blumenthal spoke out against plans by the Federal Housing Finance Agency to hike fees on Connecticut borrowers.

Conn. omitted from hospital list

The Joint Commission omitted Connecticut hospitals from a list of those excelling in key quality measures.

Verdict: Connecticut middling on business law

A think tank ranked Connecticut in the middle of the pack nationally for its legal environment’s impact on corporations.

Greenwich co. buys 15 hotels

Greenwich-based Wheelock Street Capital spent $221 million to acquire 15 hotels in two separate transactions.

Chefs’ Warehouse buys Ohio co.

Chefs’ Warehouse swallowed Michael’s Finer Meats, a food distributor in Columbus, Ohio.

Conn. foreclosure increase leads U.S.

RealtyTrac said Connecticut had the largest year-over-year increase in foreclosure actions in the nation.

GE Transportation moving HQ

GE Transportation is relocating its headquarters operation to Chicago from Erie, Pa.

Stuffing the mattress

The former CEO of Latex International admitted to illicitly feathering his own nest.