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Steven Ricchiuto, of Mizuho Securities USA, and Robert Froehlich, of The Hartford, share their economic insights. (CNBC) CNBC - Business - Inves...

It's not quite a cut-rate $1 advanced fare, but the luxury bus between New York and Boston, LimoLiner, will reduce its one-way fares to as low ...

HARTFORD, MI—On the outside it may look like any other home, but within the walls of 6535 Maple Ave. lies a terrifying secret: Every night, when...

HARTFORD, Conn. — George David says he will retire as chairman of the board of United Technologies Corp. at the end of the year, ending 34 years at the conglomerate.

CEO Louis Chenevert will succeed David as chairman of the company that makes Pratt & Whitney jet engines, Otis elevators, Sikorsky helicopters and other aerospace and building products.

Chenevert says he sees no changes in the near future.

David hand-picked Chenevert, then president of Pratt & Whitney, as his likely successor more than three years ago.

David, 67, took the helm as CEO of United Technologies in 1994 and continued as chairman since April 2008 when Chenevert, 52, was elected CEO.

Former Democratic National Committee chairman Paul G. Kirk Jr. was the favored pick Thursday as Massachusetts Gov. Deval Patrick prepared to announce a temporary replacement for the late Sen. Edward M. Kennedy.

Kennedy's sons, Edward Kennedy Jr. and U.S. Rep. Patrick Kennedy, D-R.I., both lobbied for Kirk in separate phone calls to the governor, according to a family confidant and a Patrick aide. The governor scheduled a late-morning news conference at the Statehouse to declare his choice, and aides said Vicki Kennedy, the senator's widow, and his children were expected to attend as a sign of the family's approval.

Kennedy died last month of brain cancer, and an appointee will serve until a permanent successor is chosen through a special election scheduled for Jan. 19. The appointment will restore a critical 60th Democratic vote in the U.S. Senate as President Barack Obama pushes to pass a health care overhaul that was Kennedy's life passion. Sen. John Kerry, D-Mass., planned to attend the announcement ceremony, an aide said.

Kirk, 71, is a Boston attorney and was close friends with the senator. He and his wife, Gail, live on Cape Cod, and he was among the few regular visitors allowed at Kennedy's Hyannis Port home before his death.

Kirk knows the senator's staff intimately and would likely be assured of their loyalty given his relationship with Kennedy.