Fool’s gold? CFTC says 12 firms sell phantom metals

The CFTC is cracking down on firms playing up demand for metals during these uncertain economic times. The U.S. Commodity Futures Trading Commission announced Wednesday, it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against 12 firms and their executives for fraudulently marketing illegal, off exchange […] [Read More]

State has $1.8 million for Sandy-related work program

The Connecticut Labor Department has received $1.8 million in funding for a temporary work placement program for clean up, demolition, repair and reconstruction of damaged public structures. Only people who became unemployed as a result of Sandy or were unemployed prior ot the storm and no longer receive unemployment benefits or other income support are […] [Read More]
Categories: Economy, General, Labor

Sikorsky’s $3.5 billion CH-53K program enters test phase

The new Super Stallion is ready for lift-off, sort of. Sikorsky announced Tuesday the first prototype CH-53K being developed for the Marines has rolled off the assembly line in Florida and been delivered for tests. This is a ground test vehicle, which will be harnessed to earth for much of its existence where 1,300 sensors […] [Read More]
Categories: Defense, Sikorsky