Diageo gets hammered by SEC

on
The SEC leveled allegations of bribery against Diageo on Wednesday and the company coughed up $16 million to make it all go away. Washington, D.C., July 27, 2011 — The Securities and Exchange Commission today charged one of the world’s largest producers of premium alcoholic beverages with widespread violations of the Foreign Corrupt Practices Act […] [Read More]
Categories: General
Tags:

Energizer shares hit high boosted by Schick razor maker

on
Shares in Energizer Holdings, the parent of Milford-based Schick Wilkinson-Sword, shot up as much as 9 percent in Wednesday trading after the company announced results for the third fiscal quarter. Energizer reported net income for the quarter ended June 30 of $65.9 million, or 94 cents per diluted share, compared to $104 million, or $1.47 […] [Read More]
Categories: General
Tags: | |

W.R. Berkley shares surge after earnings

on
Shares in Greenwich-based insurer W.R. Berkley jumped more than 3 percent in morning trading after the company held a meeting with analysts to discuss its second quarter earnings. On Monday, WRB, reported earnings of 56 cents a share, beating the mean estimate of 42 cents, according to a survey of analysts by Factset. Shares in the […] [Read More]
Categories: General

UTC profits hit $1.3 billion

on
UTC reported net income Of $1.3 billion and EPS of $1.45. The Hartford corporation said all six of its units saw organic sales growth in the quarter, the first time that has happened since 2008. Sikorsky, UTC’s Stratford subsidiary, had $1.7 billion in net sales. It’s really more of the same for UTC this quarter. […] [Read More]
Categories: General

Sikorsky’s S-97 Raider program takes flight

on
Sikorsky Aircraft said its X2 experimental helicopter took its final flight Thursday marking the beginning of the Stratford helicopter maker’s effort to move into a production model, the S-97 Raider. The U.S. Army is looking for a new aerial scout and Sikorsky is pushing this as a possibility. Analysts have said concerns over the U.S. […] [Read More]
Categories: General

People’s trims its Mass. employment B of A hits Conn.

on
Two banks cut jobs in New England adding to a growing list of recent actions that will be adding to the unemployment ranks. People’s confirmed last week to The Boston Globe that it will trim about 91 positions in Massachusetts after closing on the Danversbank acquisition. People’s said the cuts were all back office jobs […] [Read More]
Categories: General

Amnesia and the sunshine economy

on
Downtown, after 9 a.m. it was difficult to find parking. By 11 a.m, the merciless heat chased people inside the multitude of shops and restaurants. This was Pasadena’s downtown shopping district, last week, where there was little evidence of a recession. Customer traffic was steady enough throughout the day and you didn’t get hit up for change by anyone […] [Read More]
Categories: General

People’s closes on Danvers

on
Bridgeport-based People’s United Financial Inc., announced Friday the final approvals for the purchase of Danvers Bancorp Inc. have been granted and the deal is now complete. Danvers will give People’s 28 branches in the key Greater Boston area as the Bridgeport-based institution continues to forge ahead with its claim to the title of largest New England-based […] [Read More]
Categories: General