Wishing corporations would throw a Thunder Chicken Christmas bash

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Bet their parties won’t be as good as Pete Lazetich’s. Challenger Gray and Christmas, the recruitment outsourcing firm, reported this week that 83 percent of corporations are planning year-end holiday parties, in which they will finally unleash some of the $2.2 trillion in cash they’ve built up on their balance sheets. That’s up from 68 […] [Read More]
Categories: Economy, General

Westport’s I. Joseph Massoud banned from securities industry

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I. Joseph Massoud, 44 and founder of Westport-based private equity firm Compass Group Management, agreed to pay $1.4 million to settle SEC allegations he profited off of insider information while trading in Patriot Capital stock in 2009. He is also barred from working in the securities industry or serving as an officer or director of […] [Read More]

A 12 Days of Christmas that’s 99 percent less expensive

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The figures are in for the 12 Days of Christmas, a whopping $107,300, according to the Associated Press. That’s an increase of 6.1 percent from last year. Here in the Mines, we realize not everyone is in the tax bracket that can afford the 12 Days, so we offer you another 12 Days of Christmas […] [Read More]

Buffalo-based M&T Bank plans to open in Stamford

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Manufacturers and Traders Trust Co., a New York-chartered bank and trust company has filed an application with the Connecticut Banking Department to open its first  commercial branch in Stamford. The branch would be located at 4 High Ridge Park, where M&T’s Wilmington Trust Wealth Management office is. M&T Bank Corp., according to its website, is […] [Read More]
Categories: Banking, Wall Street

Skyrocketing white collar crime besmirches region

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Southwest Connecticut is fast gaining an embarrassing reputation as the crime capital of the United States – not because it is rife with poor souls breaking into pharmacies to obtain drugs or desperate people robbing package stores to get money to buy food or Christmas gifts for their kids. No, these crimes are on a […] [Read More]
Categories: General

U.S. Households charge into 2013: Credit card debt rises $2 billion

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U.S. Households were able to reduce $74 billion in overall debt in the third quarter, despite racking up $2 billion of new credit card borrowing in an economy that’s showing signs of stress. The Federal Reserve Bank of New York published its quarterly report on U.S. Household Debt late Tuesday. The NYFED said the overall […] [Read More]

Former Walmart CEO saw unsafe conditions in Bangladesh in 2005

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A Walmart supplier was getting clothing from the Bangladesh factory where a fire killed 112 workers Saturday, opening up the world’s largest retailer to criticism following Black Friday protests here in the U.S. While not directly employing workers there, a former Walmart CEO told a gathering in Chicago in 2005, western companies operating in Asia […] [Read More]
Categories: General

But what will it do to peanut butter prices?

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U.S. Food and Drug Administration suspended the food facility registration of Sunland Inc., Monday as the organic peanut butter maker and purveyor of other nut products continues to be unable to return to production after its products were linked to a salmonella outbreak. The company, on its website, said it was disappointed in the FDA […] [Read More]
Categories: Economy, Main Street

UTC holds to $58 billion sales forecast

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Hartford-based United Technologies Corp. said Tuesday company officials met with investors and affirmed UTC’s outlook for 2012. The company anticipates earnings per share of $5.25 to $5.35 from continuing operations on sales of approximately $58 billion. Executives also expect strong cash flow. UTC was off 24 cents to $78.44 in morning trading. [Read More]
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Ethan Allen grants special holiday dividend of 41 cent

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‘Tis the season to keep investors happy with dividends ahead of any hike in tax on them. Danbury-based furniture seller Ethan Allen Interiors said Monday its Board of Directors declared a special cash dividend of 41 cents per share which will be payable to shareholders of record as of December 6, 2012 and will be […] [Read More]
Categories: Wall Street