Risk on, sort of

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Well, Bernanke has spoken. He stands ready for more easing if necessary. The markets finished Friday on an up note and some experts are saying it’s time to put a little more risk into portfolios. Don’t go nuts people. Wall Street is still as tricky and as difficult as winning the big stuffed dog at […] [Read More]

Dow holds above 13,000 after briefly dropping below the mark

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The Dow briefly dropped below 13,000 this morning with Connecticut’s giants UTC and GE both getting pushed lower. Just before 11 a.m., the Dow dropped to 12,979 before scrambling back above 13,000 where it fought to stay for the rest of the day. It closed at 13,001. Fairfield-based GE closed down 18 cents to $20.64. […] [Read More]
Categories: General, Wall Street
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Publishers to pay $69 million for e-book Apple scandal

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Attorney General George Jepsen announced Wednesday three of the five publishers the state is suing for alleged price fixing of e-books with Apple Inc., have settled and agreed to pay $69 million to the states and territories involved in the suite. Connecticut and Texas led the investigation into alleged price fixing of best sellers that […] [Read More]

Greenwich nail salon clipped by feds

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The owner of a Greenwich nail salon has pleaded guilty to structuring payments and violating immigration laws. Jae Hee Yang, 57 of Englewood, N.J., pleaded guilty this week in Federal Court in Hartford to structuring currency transactions and employing an unauthorized alien. In 2009. Yang, owner of Tip top Nails, withdrew $100,000 in 15 cash […] [Read More]

Shelton-based market research co. SSI expands in Denmark

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SSI announced Wednesday it has launched a joint venture with Danish company Interresearch, which will add 35,000 respondents to its Nordic market. As part of the joint venture, SSI will take over some clients and hire some staff from Interresearch. “The Nordics is a very important market for SSI and through this investment we build […] [Read More]

Subway and Humane Society target crated pig meat production

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The Humane Society of the United States is lauding Milford-based Subway for demanding its meat providers eliminate the use of gestation crates in pig farming. In a blog, Wayne Pacelle, president and CEO of the Humane Society, says Subway is joining a growing list of other companies opposed to the practice. Pacelle said McDonald’s, Burger […] [Read More]

NU taps Kansas utility exec as CL&P president

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Just in time for hurricane season. Northeast Utilities has appointed a utility industry veteran from the Midwest as new president of Connecticut Light & Power Co.William P. Herdegen III will be CL&P’s president and chief operating officer. He brings 35 years of industry experience to the role in which he’ll be responsible for the construction, […] [Read More]
Categories: Energy, General, Main Street
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Chase Bank email scam worries Labor Department

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The state Department of Labor issued a warning people collecting unemployment insurance that someone posing as Chase Bank is sending out emails seeking access to accounts. Nancy Steffens, a Labor Department spokeswoman, said the emails are not just limited to UI recipients, but are targeting anything to do with Chase. She said the cyber missives […] [Read More]

Someplace other than Stamford gets state aid

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Gov. Dannel Malloy said he is awarding a $1.5 million state loan to Lex Products in Shelton to expand, but inadvertently revealed the firm is in the midst of acquiring an unnamed European company. Lex Products CEO Bob Luther took the revelation in stride Friday, but said he definitely couldn’t talk about the acquisition at […] [Read More]

Tax filing fudging gets Wilton lawyer two months in fed pen

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The U.S. Attorney for the District of Connecticut said this week that Wilton Attorney Joseph Colbert, 44 will spend two months in prison for filing false tax returns and obstructing an Internal Revenue Service audit. Colbert pleaded guilty in March to the charges. According to the US Attorney, Colbert claimed on 2006, 2007 and 2008 […] [Read More]
Categories: General, Regulatory, Taxes
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