Webster and People’s shares diverge after banks’ strong earnings

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Shares in Bridgeport-based People’s United Financial and Waterbury’s Webster Financial each moved 2 percent Friday, but in opposite directions after the banks reported earnings and held conference calls with analysts. People’s shares dipped 2.5 percent, losing 32 cents to close at $12.39 Friday despite the bank reporting the day before earnings were up 47 percent […] [Read More]
Categories: Banking

Sikorsky Boeing team up to create Pentagon’s helicopter of the future

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The Pentagon’s Joint Multi-Role demonstrator program is the starting line for a race to win the most lucrative helicopter contract in U.S. history, that is if the government continues to fund it. On Friday, the two largest helicopter makers in the U.S. joined forces to go after the contract, which could ultimately lead to thousands […] [Read More]

Norwalk’s Southern Air to cut 120 jobs

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Southern Air Inc. filed a mass-layoff notice with the state this week saying 120 workers will lose their jobs in March. The cargo airline has struggled over the last few years and is trying to emerge from chapter 11 bankruptcy. A plan of reorganization was scheduled for Feb. 14 of this year. In November, the […] [Read More]