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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