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Rob Varnon

Conn. 7th in foreclosure inventory

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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 the judicial process for clearing them remains slow, CoreLogic data shows. Connecticut completed 3,700 foreclosures in the 12 months ended in April. States without judicial […] [Read More]
Categories: General
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Single-family home prices moving out of reach for some

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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 first quarter. The increase in prices is a case of lower supply in the market both nationally and locally, experts say. […] [Read More]

Bic honors real tough mudders Wounded Warriors

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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 awareness for our wounded vets. And indications are, our men and women in the military are facing lean times as […] [Read More]

Apple all alone in eBook conspiracy allegations

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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 the fight against allegations by 32 states that it was part of a conspiracy of book publishers that joined with Apple to fix the prices […] [Read More]
Categories: General, Regulatory

New home sales jump nationally, but remained subdued here

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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 Department. That’s actually lower than the three previous months. It’s no surprise new home sales are not high in the […] [Read More]

Unemployed will take a 19.2 percent paycut

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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 compensation payments will drop beginning June 16 by 19.2 percent to comply with sequestration. Washington, D.C. politicians concocted a plan where by the bulging federal deficit […] [Read More]

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

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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. Founded a little more than a decade ago as Earthworks, the recently renamed e4sciences already has pieces of major projects, including the deepening […] [Read More]
Categories: Defense, Economy

PUFI installs hi-tech ATMS smart cards to follow?

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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 airlines, announced the installation of the first smart card machines in the U.S. for People’s. “They should get a lot of credit […] [Read More]
Categories: Banking

Conn. tweaks collective bargaining rules

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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 public hearing on June 10, at 10 a.m. at the Department of Labor, 200 Folly Brook Road, Wethersfield, where the public can […] [Read More]

Empty nesters in Greenwich list home for $190 million

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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 told the Journal their kids are grown and so they’re putting the homestead up for sale. You should know, […] [Read More]
Categories: Real Estate