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Author: Rob Varnon

Conn. 7th in foreclosure inventory

In April, 4.2 percent of Connecticut’s housing inventory was foreclosed upon, the seventh highest portion in the nation, according to a new report.The Nutmeg State’s foreclosure rate remains high as
Categories: General
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Single-family home prices moving out of reach for some

First timers might find it difficult to find an affordable single-family house in this market as prices accelerate at their fastest pace in 7 years nationally and were up 9.3 percent locally in the

Bic honors real tough mudders Wounded Warriors

As part of its $100,000 donation to the Wounded Warriors Project, Shelton-based Bic USA is sponsoring Tough Mudder and shaving heads at 35 of the events. Bic wants to make 10,000 people bald to raise

Apple all alone in eBook conspiracy allegations

Consumers might sympathize with Apple over the tax thing, but this eBook business is a different story. Connecticut Attorney General George Jepsen announced Wednesday Penguin Group got cold feet in
Categories: General, Regulatory

New home sales jump nationally, but remained subdued here

In April, new home sales hit their second highest level since the recession in America, but not in the Northeast. Here, new home sales in April were a more modest 30,000, according to the Commerce

Unemployed will take a 19.2 percent paycut

Unemployment checks for some Connecticut residents will be a little lighter come June, when sequestration takes a bite out of emergency benefits. The State Labor Department said emergency unemployment

Sandy Hook’s e4sciences lands $9.9 million Army Corp contract

A Sandy Hook firm is making waves in the engineering field, winning a competitive bid for a U.S. Army Corp of Engineers contract for engineering and architectural services in the North Atlantic.
Categories: Defense, Economy

PUFI installs hi-tech ATMS smart cards to follow?

People’s United Financial Inc has installed some of the highest tech ATMs in the nation in its Manhattan branch. NCR, the guys who make the ATMS and self-checkout kiosks in supermarkets and for
Categories: Banking

Conn. tweaks collective bargaining rules

New tweaks in collective bargaining rights in the state could force employers to post notices in break rooms announcing when employees can vote in a union. The State Labor Department is holding a

Empty nesters in Greenwich list home for $190 million

The Wall Street Journal said today that the owners of Copper Beech Farm are offering the more than 50-acre estate on Long Island Sound for the highest listing price in U.S. at $190 million. The owners
Categories: Real Estate