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Bob Duff

Possible GE Departure Called A 'Glaring Black Eye' For State

HARTFORD — An exit by General Electric Co. from its Fairfield headquarters would be a psychological blow to Connecticut's business reputation rather than a hit to the state's economy, say several business advocates and others who are bracing for a decision expected any day.

The industrial conglomerate that makes wind power turbines, locomotives, jet engines, medical devices and other equipment said in June it would consider moving its headquarters to another state in response to higher taxes being considered by the General Assembly. Chief Executive Jeff Immelt waded into the budget debate at the Capitol, telling employees that GE would consider "another state with a...