Financial Mines now a-tweeting

on
For those that want to stay in the know, Financial Mines has found twitter at last. Check us out as Hearst Connecticut’s business section tweets big meetings, updates financial, insurance, corporate, Wall Street and economic stories that impact Southwest Connecticut and beyond. Like the blog, our focus will also include regulatory, credit and debt issues […] [Read More]
Categories: General

Earnings to fixed charges ratio slips at UBS parent

on
UBS AG told the SEC Monday its earnings to fixed charges ratio slipped to 1.50 percent for its fiscal year ended Sept. 30, 2011. In the previous year, its ratio was 1.53 percent. The ratio is higher than it was in 2006-2009, but earnings are well below what they were during that three year period. […] [Read More]
Categories: Banking, Wall Street
Tags:

Kaman up more than 4 percent Friday

on
Bloomfield-based aerospace company Kaman Corp. saw its shares surge more than 4.7 percent Friday to $28.08 a share on the Nasdaq. It held onto a 3.54 percent gain to close at $27.75 on a day when the major indexes were flat. The reason for Kaman’s surge in price was not immediately clear. The company had […] [Read More]
Categories: Defense, Wall Street
Tags: |

New Pentagon strategy should give Sikorsky, GE and EB work

on
Initial assesments of the Pentagon’s new military priorities indicate Connecticut companies are in good position to continue to capture defense contracts down the road. However, the hundreds of billions of dollars in cuts planned could still reduce head counts and overall orders. The Pentagon and President Barack Obama released the initial strategy for the 21st […] [Read More]
Categories: Defense, GE, Sikorsky
Tags: | |

Swiss bankers indicted for helping Americans evade taxes

on
As promised, the U.S. Justice Department and IRS are going after Americans evading taxes and the bankers who help them. For those who scoffed at the ability of the U.S. to pry open the secret Swiss banking system and kept their money hidden off shore, it might be time to find a lawyer…. On Tuesday, […] [Read More]
Categories: Banking, Regulatory
Tags: |

Not so holly jolly after all

on
The GAP and Toys R Us reported disappointing sales figures for December. While Toys R Us reported a percentage increase in comparable same-store sales from a year ago, it noted it didn’t open as many stores for the holiday and in fact domestic sales were down for the month. In a press release, the toy […] [Read More]
Categories: Economy, Main Street

Zillow takes Google over Adobe

on
Google grabbed another convert to its analytics platform, as Zillow announced it has signed up with the California-based behemoth. In an SEC filing Thursday, Zillow said it is no longer using Adobe’s Omniture to measure web traffic, but Zillow noted it believes the data from both companies is comparable. Like television and radio viewership, tracking […] [Read More]
Categories: General, Wall Street
Tags:

Societe Generale closing Stamford energy operation

on
Societe Generale confirmed Wednesday it will shut down its Societe Generale Energy Co. operation in Stamford and begin laying off 129 workers in March. In December, the company stopped taking new clients in its North American physical gas and power trading business and starting winding down its positions. Job cuts will begin on March 6 […] [Read More]
Categories: General, Wall Street

Lampert’s Sears hires a retailer to fix things

on
Greenwich resident Edward Lampert has added a retail pro to the leadership of Sears as concerns rise over the future of this icon of American commerce. Sears announced it has hired Ron Boire to be the chief merchandising officer and president of Sears and Kmart stores. Lampert, whose hedge fund ESL Partners owns 60 percent […] [Read More]
Categories: GE, Main Street

Webster, GE, UTC winners on 2012′s first trading day

on
GE, UTC, Xerox and Webster Bank were among the Connecticut-based companies that saw their share prices outpace the S&P 500′s 1.55 percent gain Tuesday, the first day of trading in 2012. The S&P closed at 1,277.06, a gain of 1.55 percent from the final day of trading in 2011. Waterbury-based Webster Bank held onto a […] [Read More]
Categories: GE, General, Wall Street