LA and London firms buy BJ’s

on
London-based CVC Capital said on it’s website it and LA-based Leonard Green Partners have an agreement to buy the shopping club for more than $52 a share. It’s too early to tell what if any changes are in store for BJ’s workers and shoppers in Conn. [Read More]
Categories: General

With a slight bump to income, spending stalls in nation

on
The American consumer is like a tired rock climber, perched halfway up a mountain face. They can either summon the strength to climb up to the top, or edge down and find a ledge to rest on, or fall…. The U.S. Commerce Department reported American spending stalled in May as incomes only edged slightly higher. However, […] [Read More]
Categories: General

Connecticut Number One in new economic growth poll!

on
Just kidding. Well, once again our state got hammered in an economic poll, this time it’s the ALEC-Laffer State Economic Competitiveness Index. The Nutmeg State was 43 in economic performance and 35 in economic outlook. I’ve been told by credible statistical and linquistic experts that “index” is a derivation of an old French word meaning, “I […] [Read More]
Categories: General

Conn. drops 2,900 jobs in May

on
Connecticut shed 2,900 jobs in May, but the the Labor Department said a revision of April’s numbers uncovered an additional 500 jobs, briging last month’s gain to 8,400. According to the report, releasedd at just after 2:40 p.m. June 16, the retailers cut 1,300 jobs in the month of May, with professional and scientific employers, […] [Read More]
Categories: General

Greenwich homes only 8th least affordable!

on
Coldwell Banker released new data on affordability this morning. While Greenwich remains the most exclusive and unaffordable market in Connecticut it has yet to claim the top spot nationally. Here is the release from the realty group.   New Britain is Connecticut’s Most Affordable Market; Greenwich Tops the State’s Most Expensive List   RIDGEFIELD, Conn. […] [Read More]
Categories: General

Non profit to dad: You’re a financial dunce

on
The national Foundation for Credit Counseling has tapped into a way to make its opinion poll on financial literacy relevant this week — calling fathers financially illiterate. The press release headlined, “FATHER KNOWS BEST – OR DOES HE? Survey Reveals Definite Lack of Financial Skills,” regards the NFCC’s poll on financial literacy. The poll itself […] [Read More]
Categories: General

Hack attacks and regulators

on
Hackers have stolen more credit card data, this time about 200,000 accounts from Citi. And regulators are once again saying the banks need to improve security. AP’s Kelvin Chan has a good piece on this on today’s CTPost.com. “Federal regulators have taken notice and are asking banks to improve security. “Both banks and regulators must […] [Read More]
Categories: General

Funny thing happened on the way to the disaster

on
A cab broke down on State Street and Park Avenue in Bridgeport Monday morning. Traffic was building up at the busy corner, yes there are such things in the Park City. Then, a man in a white T-shirt and shorts came over, talked to the cab driver and pushed the car out of the way. […] [Read More]
Categories: General