Monthly Archive for December, 2011

: December, 2011

Connecticut’s unemployment rate drops to 8.4 percent

Connecticut’s Labor Department said the unemployment rate dipped 0.3 percent to 8.4 percent last month as the national rate fell 0.4 percent to 8.6 percent during the same time. The number of people
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Kaman buys Illinois company

Bloomfield-based Kaman Corp. was still hanging onto its Monday stock gains after announcing it bought Illinois-based Catching FluidPower Inc. CFPI distributes fluid power products, most notably Parker
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More on Dalio’s new fund

Lawrence Delevingne at Absolute Return + Alpha reported earlier today that Dalio’s new fund will not target wealthy families, as some experts suggested, but will instead stick with institutional
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Morgan Stanley adds to cuts on Wall Street

Financial workers were greeted this morning with more news of job cuts on Wall Street, this time as Morgan Stanley announced 1,600 position reduction in the first quarter, according to numerous media
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Yale dubs Dow’s Liveris a legend

Yale Chief Executive Leadership Institute is honoring Aussie Andrew Liveris, Dow Chemical’s chairman and CEO with its Legend in Leadership Award. Liveris will be honored tonight at a ceremony in New
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Alcohol sales to teens plummet

This could be a sign the economy is truly on the mend. According to the Connecticut Consumer Protection Department, only 17 .33 percent of package stores and bars failed state liquor compliance checks
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Securities fraud charged against Natera’s Area 51/Hollywood East

The State Banking Department said this week, the failed Area 51/Hollywood East project to turn the Stratford Army Engine Plant into a movie studio, used money that was illegally raised. The project,
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Look out for GS alums setting up shop

Bloomberg reported Wednesday, Goldman Sachs lost 37 partners from the firm during one of its worst years for performance, since 2008. Plenty of Finance professors and analysts expect the world of
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GE investor conference generates energy expectations

GE Chief Executive and Chairman Jeff Immelt talked Europe, R&D and margin expansion with investors Tuesday but clearly laid out expectations that the Fairfield-based conglomerate will be competing
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Sikorsky’s new 76 engine wins key approval

Sikorsky announced Pratt & Whitney’s PW210S engine will be installed in Sikorsky’s new S-76D helicopter after winning a key FAA certification. Here’s Sikorsky’s Press Release on it: Sikorsky has
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