Monthly Archive for August, 2012

: August, 2012

Risk on, sort of

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.

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

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

Publishers to pay $69 million for e-book Apple scandal

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

Greenwich nail salon clipped by feds

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

Shelton-based market research co. SSI expands in Denmark

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

Subway and Humane Society target crated pig meat production

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

NU taps Kansas utility exec as CL&P president

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

Chase Bank email scam worries Labor Department

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

Someplace other than Stamford gets state aid

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

Tax filing fudging gets Wilton lawyer two months in fed pen

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