Goodwill in Urgent Need of Donations of Small Appliances

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Goodwill released the following plea today. Goodwill stores are in urgent need of small appliances like blenders, toasters, mixers, coffee makers, food processors and hair dryers that are in working order. Currently the stores are seeing these items fly off the shelves, making it difficult to keep an adequate stock. Since Goodwill stores rely heavily […] [Read More]
Categories: General

Mixed reaction from stocks and experts to SCOTUS Health Care decision

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The decision is in and fortunes are rising and falling following the Supreme Court decision on health care. If you missed it, SCOTUS basically upheld it as a power to tax. Remember folks, all things necessary and proper. Here’s some early share numbers. Cigna was down 4.69 percent but finished off just 2.69 percent Aetna […] [Read More]

Fairfield-based Acme added to Russell Microcap Index

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Acme United Corp., the maker of cutting implements, office and school supplies and first aid kits, was added to Russell’s Microcap Index this month. Acme’s shares are traded on the NYSE’s Amex board and were priced at $10.09 Wednesday. Company has reported record profits in its most recent quarter and this month acquired the assets […] [Read More]
Categories: General, Wall Street
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The ugliness continues in the job market

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Challenger, Gray and Christmas reports May layoffs jumped. Here’s the placement firm’s brief synopsis: Job cuts hit an eight-month high in May, as employers announced plans to shed 61,887 workers from their payrolls.  The May total was 53 percent higher than the 40,559 job cuts announced in April and 67 percent higher than the same […] [Read More]
Categories: Economy, General
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A possible down side to new technology

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New technology is usually seen as a good thing, given it often makes tasks easier to perform as well as boosts efficiency for users as well as revenues for creators. A surefire win-win for all, right, or why else would the time and resources be invested in creating it? I am ever eager to applaud […] [Read More]
Categories: General

Madoff feeder fund settles with NY AG for $410 million

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New York Attorney General Eric T. Schneiderman announced this morning an agreement with  J. Ezra Merkin, to make restitution to clients whose funds he handed over Bernard Madoff, who was running a Ponzi scheme. The AG said Merkin controlled four funds- Ariel Fund Ltd., Gabriel Capital L.P., Ascot Fund Ltd. and Ascot Partners L.P. – […] [Read More]
Categories: Regulatory, Wall Street
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Shelton man sentenced to 3 years for $300k fraud

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Shelton resident John H. Goldsmith was sentenced Friday in U.S. District Court in Bridgeport to 36 months in prison for securities fraud related to a multi-year scam that took more than $300,000 from family and friends. U.S. District Judge Stefan R. Underhill increased the sentence beyond the guidelines, telling Goldsmith he made his decision based […] [Read More]
Categories: General, Main Street
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Stratford biz owner at Opryland Hotel during explosion

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Irony was in hyper drive at the Gaylord Opryland Resort and Convention Center this week when a boiler explosion disrupted conventions for sheriffs and disaster recovery construction firms. No one is believed to have been hurt in the Tuesday nigh explosion, but Paul Plouffe, owner of Servicemaster of Greater Bridgeport, with his wife Mary Jane, […] [Read More]
Categories: General

Sikorsky Aerospace Services grabs top maintenance repair honors

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This just in from Sikorsky, its overhaul and repair biz has won a top honor. Here’s the official announcement: Aviation Week’s Overhaul & Maintenance Magazine has presented its prestigious 2012 MRO of the Year Award for military center of excellence to Sikorsky Aerospace Services (SAS). SAS, which received the award at the recent MRO Americas […] [Read More]
Categories: Defense, General
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On hot day, a chilling agreement hits Gold Coast

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It might be blazing hot outside,but the U.S. Treasury Department just announced an agreement that should send a chill into some mansions on the Gold Coast. Treasury announced an agreement with the Swiss that will help the IRS track down wealthy Americans hiding money in Swiss bank accounts in an effort to avoid paying U.S. […] [Read More]