Kaman profits off from a year ago

on
Lagging aerospace sales dampened profits at Bloomfield-based Kaman Corp. in the first quarter. The company reported results after the market closed Monday. Its shares lost 91 cents to close at $34.38 on the New York Stock Exchange. While the company said net sales climbed 2.5 percent to $388.7 million in the most recent quarter, net […] [Read More]
Categories: Defense, Wall Street
Tags:

Up this week: Guns, wrestling, soundsystems, IT and electricity

on
Earnings season continues this coming week of April 30 to May 4, kicking off with Harman International Industries Inc. on Monday. Harman, which provides the sound inside many of the world’s premium cars, has continued to rack up contracts and roll out innovation in the last year. With auto-sales humming along, there should be some […] [Read More]
Categories: General, Wall Street
Tags: | | | | | More

Winter reprieve on utility bills ends May 1

on
Beginning May 1, utilities can turn the lights and gas off on people who haven’t paid their bills and the companies start pressing for people to set up payment plans. The amount of accounts in arrears can be large. Coming out of the winter of 2008/2009, United Illuminating Co. and Connecticut Light & Power Co. […] [Read More]
Categories: General, Main Street
Tags: | |

Still no contract between AT&T and CWA

on
The Communcations Workers of America, one of the major players in the 99 Power movement, is still locked in negotiations for a new contract covering the benefits and rights of about 4,000 Connecticut AT&T workers. The contract between the union and the Texas-based telecommunications giant expired more than 18 days ago. [Read More]
Categories: General, Main Street
Tags:

Former Latex International HR exec gets four years in the pen

on
A former human resources head at Shelton-based Latex International who pleaded guilty to embezzling $1.75 million was sentenced to 4 years in federal prison and will lose interest in three Vermont residences, six motorcycles and other vehicles, jewelry and furnishings in order to make restitution. U.S. District Judge Stefan R. Underhill in Bridgeport sentenced Newtown […] [Read More]

White House says insurers owe Conn. residents $14.5 million

on
The White House, citing a Kaiser Family Foundation report, said 212,106 Connecticut residents will receive $14.5 million in rebates from health insurance companies that failed to spend at least 80 percent of premiums collected on health care and related bills. Small businesses and the self-employed are expected to make up a large portion of this […] [Read More]
Categories: General, Insurance

CT Tax refund cards continue to trend negative

on
So, we’ve had some responses to Connecticut’s surprise decision to have Chase issue debit cards instead of cutting checks for state tax refunds. None have been positive. There are ways to avoid this next year: Go to your lawmaker and demand a change. Sign up for direct deposit. Claim more deductions so you won’t be […] [Read More]
Categories: General

Cigna draws the ire of the 99

on
Working Families Connecticut called The Mines today to tell us they’ll be at Cigna’s annual meeting, today at 3 p.m. at the Bushnell to protest the insurers’ Washington lobbying as part of the 99 Power movement. Cigna spent about $1.22 million in lobbying Congress in 2010, according to the website Open Secrets. The 99 Power […] [Read More]
Categories: General
Tags: |

Norwalk firms revisit Bear Stearns collapse in film and TV

on
Norwalk-based CABLEready, an international television program distribution and development company, acquired the exclusive worldwide television rights to Confidence Game , the new feature documentary film from Nick Verbitsky‚Äôs Blue Chip Films. Blue Chip Film, also of Norwalk, tells the inside story on Bear Stearns collapse and the near failure of the world financial system. The […] [Read More]

Sikorsky sales down in 1Q but UTC beats street

on
Sales were down by 15 percent at Sikorsky Aircraft in the first quarter, but the profit margin increased as the Stratford helicopter maker cut costs, its parent company, United Technologies Corp. reported Tuesday in its earnings release. Sikorsky delivered 39 helicopters, 34 for the military in the first quarter. During the same three months last […] [Read More]