Another brick in the digital wall

on
Sacramento Bee owner, McClatchy reported better than expected earnings last week and executives told analysts all the McClatchy newspapers would have pay walls by the end of the year. While many see the move to pay walls as a way for the mediai to raise revenues to augment lackluster ad revenues it could also be […] [Read More]
Categories: General, Main Street
Tags:

Come for the Olympics, stay for the pickpocket championship

on
“Beware pickpockets.” The signs are every where in London and this great city has some of the best in the world. But with the Olympics coming to town, you could witness a sort of unofficial world championship of pickpocketing as the games attract the thieves from the continent, at least if reports ahead of opening […] [Read More]
Categories: General
Tags:

Ruger shares run hot on down day on Wall Street

on
Shares in Fairfield-based gun maker Sturm Ruger &Company Inc. gained almost 4 percent in Monday trading, despite the Dow’s plunge of more than 100 points. Gun makers saw mixed results Monday. While Ruger gained 3.88 percent to close at $44.23, National Presto Industries was down more than 3 percent to $68.46 and rival Smith and […] [Read More]
Categories: Economy, GE, General, Wall Street
Tags: | | |

Acme United overcomes Europe’s ills to post record profits

on
Shares in Fairfield-based Acme United Corp. increased more than 5 percent Friday after the company reported strong U.S. sales help second quarter profit to increase 18 percent despite  problems in Europe. “The results were the best the company has ever achieved,” Walter C. Johnsen, Acme’s chairman and chief executive officer of the company that makes […] [Read More]
Categories: General, Wall Street
Tags: | |

Bridgeport-Stamford suffers mediocre economic recovery

on
Of the 100 largest metropolitan regions in the U.S., the Bridgeport-Stamford area ranks 57th for the pace of economic recovery since the recession. Brookings rated the metropolitan regions based on improvement on employment and unemployment figures, output in gross metro product and home prices. Bridgeport-Stamford ranked 86th for job recovery, 63rd in unemployment levels, 18th […] [Read More]

State Labor market a mix of hardship and hope

on
The State Labor Department reported Thursday that Connecticut employers added 1,400 jobs in June raising the number of people with jobs by 8,800 compared to last year. The numbers alone paint an odd picture of growth and hardship, however as more people find jobs at a time when wages have dropped, reflecting what looks like […] [Read More]
Categories: General

BPA baby bottle ban official, now for soup?

on
The U.S. Food and Drug Administration has officially banned BPA from baby bottles and sippy cups after the industry stopped using it. In a federal notice published Tuesday, the FDA said the industry has verified it no longer uses the plastic additive Bisphenol A in those products. Several years ago, the baby products makers were […] [Read More]
Tags: |

Connecticut among leaders on digital access Census finds

on
Connecticut households had the fifth highest access to the internet at a time when finding a job and staying in touch with family and friends have become dependent on the world wide web. The Census Bureau reported Monday the results of the 2010 survey on internet access. It said 83 percent of individuals in Connecticut […] [Read More]

NY Fed launched blog tackling evolution of banking

on
The New York Fed has unveiled a new blog where it is discussing the evolution of banking and regulatory policies. Looks timely and well thought out and should be a conversation piece as we look for impacts from the oft-maligned Dodd-Frank Act. One area that should be interesting is the impact of regulations on what […] [Read More]

Keep your govt. hands off my Nectarine!

on
A colleague at The Mines recently quipped as he damaged his nectarine pulling off that country of origin sticker, “the presidential candidate that pledges to get rid of these is going to win.” This little complaint got the Mines thinking, why stickers? While it’s true, America’s labeling problem goes deeper than fruit. Everywhere you turn, […] [Read More]