Monthly Archive for October, 2012

: October, 2012

Insurance Department releases tips on filing claims for Sandy

Official release from Connecticut Insurance Department Connecticut Insurance Commissioner Thomas Leonardi today reminded consumers that there are a number of important steps to follow when filing

Confirming 10k job cuts, UBS to exit some fixed income lines of biz

Swiss-based UBS AG, confirmed Tuesday it would shed about 10,000 jobs between now and 2015 with much of those reductions coming in its fixed income business. The bank said in a press release it would

Sandy prep erases generator and battery inventories

Not exactly a news flash but generators and D batteries are gone, at least after checks of Post Road Home Depot and Lowes. One worker said he expects the next wave of sales for repairs. Colony Tools

UBS said to be planning 10,000 job cuts

The Financial Times and Bloomberg News both reported Friday, UBS is planning to cut 10,000 jobs. The company did not comment on the reports, based on unnamed sources, Friday, when contacted by The

Ridgefield’s Boehringer Ingelheim to pay states $95 million over drug marketing practices

Connecticut Attorney General George Jepsen said Friday Ridgefield-based pharmaceutical Boehringer Ingelheim will pay the states $95 million to settle allegations the company paid kickbacks to doctors

Rajat Gupta’s Westport mansion

Westport’s Rajat Gupta will be sentenced Wednesday for his role in a mammoth insider trading case that prosecutors say was the largest in history. Already, former billionaire hedge fund owner Raj

Praxair sees weaker economy after most recent quarter

Danbury-based Praxair, a global supplier of industrial gases, joined the growing list of companies reporting further weakening of the global economy. PX made the observation Wednesday while reporting

Sequestration: ‘It will not happen’

In the debate last night, President Obama said point blank the $500 billion in defense cuts and apparently an equal amount of cuts to other federal services over the next 10 years, will not happen.

UTC sales up as company gears up for more structuring

Hartford-based United Technologies Corp. said Tuesday net income attributable to shareowners slipped 3 percent to $1.2 billion, but sales, at $15 billion, were up 6 percent from a year ago for the

Xerox reports drop in net income

Xerox reported net income fell almost 12 percent in the third quarter to $282 million. The Norwalk-based company said it is in a transition mode as it focuses more on services. The tech sector is