Monthly Archive for October, 2011

: October, 2011

Mass.-broker settles Milford Power charges flap

The State of Connecticut said it reached a $1.7 million settlement with a Massachusetts insurance broker who “allegedly” overcharged its client, Milford Power Co., for insurance fees and commissions.
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WR Berkley earnings slip on higher catastrophes

Greenwich-based W.R. Berkley Corp. said after the close of the New York trading Wednesday, net income was lower in the third quarter of this year compared to last year due to lower interest rates and
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$30 Million deal for Connecticut Bank & Trust

Connecticut Bank & Trust, which raised about $15 million in a public offering in 2005, has agreed to a deal with Berkshire Bank of Massachusetts. Berkshire, with branches in New York,
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Danbury’s PX says profits up 14 percent

Praxair reported net income rose 14 percent to $429 million in the third quarter of this year compared to $377 million for the third quarter of 2010. One of the world’s largest industrial gas
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UTC cuts to top 2,800 globally over the next year

In its formal SEC earnings report, UTC gave more details on its planned restructuring efforts. The company said during a conference call with analysts, it planned additional $100 million in
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Trumbull MAHLE Engine component to start closing in 2012

Germany-based MAHLE said it will close its factory in Trumbull and cut 99 jobs beginning on New Year’s Day. In a filing with the State Labor Department, the engine and component maker for the
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Free workshop for Investment Advisers at SHU

Connecticut Department of Banking regulators will be at Sacred Heart University on Dec. 9 to hold a workshop on some of the new federal rules that will affect them going forward. The forum will also
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Connecticut added 3,400 jobs in September

The State Labor Department said big increases in local government and hospitality and leisure increased employment in the state by 3,400 as the unemployment rate dipped below 9 percent. The department
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Bridgeport Stamford Metro third lowest poverty rate

The Census Bureau said Thursday the Bridgeport-Stamford metro region had the fourth lowest poverty rate in the country in 2010. The nation’s capital, where 8.4 percent of the population had the lowest
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Sikorsky facing more cuts after UTC’s $1.3B 3Q

United Technologies Corp. is gearing up for further turbulence in the economy as executives said Wednesday during a conference with analysts they are increasing restructuring costs across its
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