GE wins uncoveted footnote award for 2012

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General Electric captured 40 percent of the vote for worst footnote of 2012 on the popular biz blog, footnoted.com. GE, which revealed it was going to pay a former executive more than $80,000 a month for a decade, edged out Texas-based Dell for the win, Monday, according to an official announcement. Check out footnoted’s announcement. [Read More]
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Fiscal Cliff deal in sight

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Senate leaders and the President claimed to have seen the shadow of a deal to prevent America from plunging off the fiscal cliff. But then everyone realized it just means we’ll have six more months of gridlock. (It’s a joke based on the ground hog seeing its shadow.) AP reported just after 4 p.m., Congress […] [Read More]

Eliminating assault weapons could cost jobs but save lives

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This wasn’t the right Christmas to buy that semi-automatic assault weapon for your loved one. Fresh off the murder of 20 children in Newtown, six school staff members and the crazed killer’s mother, four firefighters were shot and two of them killed in Webster, N.Y., just before Christmas. It is time for Congress to pass […] [Read More]
Categories: General

Last Call!

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Better think ahead if you want to chase your hangover with something from home on New Year’s Day, the package stores will all be closed. The Department of Consumer Protection send out a press release this weekend urging people to get their alcohol before New Year’s Day, to drink responsibly and to not drink and […] [Read More]

Smith and Wesson buys back $20 million in shares in less than a month

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Massachusetts-based Smith and Wesson said Thursday it bought back $20 million in shares since Dec. 6 and its board has authorized another $15 million repurchase program. Gunmaker shares have been under pressure following a rampage by a gunman in an elementary school in Newtown and calls for stricter regulation on guns. The gunman used a […] [Read More]
Categories: Wall Street

GE’s $89,000-a-month man lands on footnoted’s dubious list

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Footnoted, the business blog that dives into the financial filings of publicly traded companies, has listed a GE footnote as one of the six worst for 2013. GE disclosed earlier in the year that Jack Krenicki, a vice president in the energy division, would be leaving the company after a 29 year career. Later, Footnoted […] [Read More]
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SEC charges Aussie analyst hiding in Hong Kong

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The Securities and Exchange Commission said it’s now charging a research analyst with insider trading after the man allegedly fled the U.S. and is now hiding in Hong Kong. On Wednesday, the SEC added the name of Trent Martin, to a complaint of insider trading involving shares of SPSS, which was acquired in 2009 by […] [Read More]
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Coal for Ruger: down more than 4 percent Wednesday

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Shares of Fairfield-based gunmaker Sturm Ruger fell more than 4 percent the day after Christmas, while industrial gas maker Praxair in Danbury and Westport-based industrial equipment maker Terex clung to slight gains. Ruger seemingly faces some difficulties ahead as gunmakers face a push by federal and some state lawmakers to find a way to reduce […] [Read More]
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Christmas in the Mines

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Merry Christmas from the Mines. As the hours tick off, shoppers in the area rushed out for those last remaining items. The Target toy section in Milford looked like the bread and milk aisles in grocery stores five hours before a Nor’easter. It looks like retailers pulled another one out, this season. Ultimately, we hope […] [Read More]
Categories: General

Gunmakers shares fall after NRA presser

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Heading into the National Rifle Association press conference Friday, shares in the two publicly traded gunmakers, Sturm Ruger and Smith and Wesson, began to rally. As the conference went on, the recovery in share prices faltered and then fell, as the NRA’s Wayne LaPierre blamed the massacre in Newtown and other places on an irresponsible […] [Read More]
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