Monthly Archive for May, 2012

: May, 2012

Household debt drops to $11.44 trillion despite student loan jump

The New York Fed reported results of its quarterly survey for household debt this morning and found households across the nation have continued to deleverage, with much of that coming from reductions

Veteran unemployment set to jump?

U.S. Sen. Richard Blumenthal warned businesses Wednesday of a potential wave of veterans who could swell the ranks of the unemployed unless the private sector starts to realize the value of former

National $26 million manufacturing competition

The Commerce Department and several other federal agencies are once again fielding applications for the Advanced Manufacturing Jobs and Innovation Accelerator Challenge, which could split $26 million

Farmington Bank’s holding company pays 3 cent dividend

Farmington-based First Connecticut Bancorp Inc.’s Board of Directors has voted Friday to pay a cash dividend in the amount of 3 cents per share on June 14, 2012 to all shareholders of record as of

Pratt & Whitney cutting 200 jobs in the state

About 200 salaried employees at East Hartford-based Pratt & Whitney lost their jobs today in a surprise layoff. A tipster called this morning alerting Hearst Media theĀ  jet engine maker was making

In better credit market stakes rise for businesses

Businesses in the state are feeling better about credit conditions, with five percent more than a year ago reporting they are good in the quarterly CBIA/Farmington Bank Credit Availability Survey. But

Pensions, Fuel Cells, Martha and a mother of invention

Be sure to catch Thursday’s Business section as we look at the possibility that Danbury-based FuelCell Energy will post a profit for the first time due in large part to a drop in natural gas prices.

Nasdaq files non-compliance notice on Interactive Brokers

Greenwich-based broker and market maker Interactive Brokers Group Inc. announced is received a non-compliance notice from the Nasdaq Stock Market last week. IBG said Nasdaq said the Greenwich firm’s

W.E. Bassett makes official filing to close plant

Shelton-based W.E. Bassett officially notified the state this week that it is closing and 122 people will lose their jobs at the maker of nail clippers and other trimming products. The firm was

Roping electrons and wrangling natural gas in Durham

UIL Holdings said this week its electric linemen and natural gas workers will be at the Construction Pro Rodeo in Durham May 23 and 24 to demonstrate their skills and discus what it takes to be a