Bridgewater hires Northern Trust for back-office services

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A little more than a year since Westport-based Bridgewater Associates turned over some of its back-office functions to BNY Mellon, the world’s largest hedge fund is hiring Northern Trust’ to replicate some of that work. Northern Trust announced the Bridgewater deal on Tuesday. According to Chicago-based NT, it will replicate certain middle and back-office services […] [Read More]

ABC finds China economic boom includes massive fraud

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It’s getting so you can’t trust anyone these days. After years of hearing experts in this country, and even Fairfield County, touting the advantages of a Chinese capitunism for manufacturing and investing, there are sizeable concerns about fraud in the Far Eastern country. ABC News is reporting this week that tens of billions of dollars […] [Read More]
Categories: Economy, General, Wall Street

One week down in 2013 and still no mass layoffs

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The first week of 2013 marks only the third time since 1998 that not a single mass layoff notice was filed, according to statistics from the state Labor Department. Nancy Steffens, a Labor Department spokeswoman, confirmed Wednesday that the agency’s Rapid Response unit has not received a single WARN notice this year. However, the lack […] [Read More]
Categories: Economy, Labor
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Great time to buy a mansion on credit

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Those seeking jumbo loans for homes paid on average just 0.14 percent more than people with conforming loans last week, as the spread between the two types of mortgages continues to shrink. The Mortgage Bankers Association reported Wednesday, conforming, 30-year fixed mortgages, for loans with outstanding balances of less than $417,500 nationally, got on average […] [Read More]