Signs of hope in unemployment and factory pay

on
The state Labor Department reported Friday, the average weekly pay for factory workers hit a record for the 12-months ended June 30, 2012, rising to $1,046 from $996. That average is used to calculate the maximum weekly unemployment benefit for people who collect unemployment benefits. Which means the most anyone on unemployment can collect in […] [Read More]

Appraiser to pay $7.8 million to settle NY allegations it inflated housing prices for bank

on
A settlement with one of the nation’s largest appraisal companies indicates some of the jump in home prices during the boom was indeed manufactured by banks looking to hand out loans. New York Attorney General Eric T. Schneiderman, announced Thursday the state had reached a $7.8 million settlement with First American Corp. and its division […] [Read More]

Ref who blew Seahawks call is a BofA VP

on
Bankers have come in for a beating of late, much of it earned, but this is going a bit far. Turns out that the replacement referee most responsible for that disastrously blown call in the Seattle Seahawks-Green Bay Packers game Monday is a vice president of Bank of America in California. Shares in Bank of […] [Read More]
Categories: Banking, General
Tags: |

People’s United will report earnings on Oct. 18

on
Bridgeport-based People’s United Financial Inc. said Thursday it will release its third quarter financial results on on Oct. 18 at 4 p.m., with a conference call with analysts to follow at 5 p.m. The institution, with wealth management, commercial and retail banking services in six states, has been buoyed through the tough years following the […] [Read More]
Categories: Banking, General

Former foe missing Stop & Shop

on
The Mines got a call today from one of the 179 residents that lives behind the Madison Avenue Stop & Shop in Bridgeport, who wanted to know what’s going into the space. While rumors persist about a local university building a dorm on the site, we told her The Mines has not been able to […] [Read More]

Come East young men and women

on
Last week Gov. Dannel P. Malloy launched phase two of the state’s “Still Revolutionary” campaign, a national marketing campaign highlighting some of Connecticut’s premier companies. The Mines got a report out of Nevada the spots do paint Connecticut as a landscape of opportunity. Nevada has an unemployment rate of more than 12 percent and a […] [Read More]
Categories: Economy, General

9000 Conn. foreclosure victims might be owed money

on
Attorney General George Jepsen says Connecticut residents whose homes were taken through a flawed foreclosure process can now fill out an application to get some restitution. Post cards notifying eligible victims, those that lost homes between Jan. 1 2008 and Dec. 31, 2012, have already been sent out. About 9,000 residents were identified in the […] [Read More]

Connecticut not alone in seeing big employment swings in Aug.

on
The U.S. Bureau of Labor Statistics said the District of Columbia and 13 states, including Connecticut, experienced significant changes in employment in August compared to July. State’s with the most significant losses in employment: Virginia down 12,400 D.C. down 11,200 Washington down 8,800 Connecticut down 6,800 New Mexico down 5,900 Vermont down 2,400 Delaware down […] [Read More]

Huge drop in employment has Gov. experts questioning Labor Dept. accuracy

on
Connecticut’s labor situation took a worse than expected turn in August, showing a loss of 6,800 jobs and a jump of 0.5 percent in the unemployment rate, which now stands at 9 percent. The national rate was 8.1 percent for August. The brutal report prompted Gov. Dannel P. Malloy and some economists to question the […] [Read More]

Greenwich presence strong on Forbes 400 list

on
Greenwich has a near stranglehold on billionaires in Connecticut, based on the 2012 Forbes 400 list of richest Americans, which again showed Bill Gates, founder of Microsoft Corp., as retaining the top national spot with $66 billion — a $7 billion jump from 2011. With 11 billionaires, Connecticut has a long way to go to […] [Read More]
Categories: General