Posts by Author

Rob Varnon

Pensions, Fuel Cells, Martha and a mother of invention

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Be sure to catch Thursday’s Business section as we look at the possibility that Danbury-based FuelCell Energy will post a profit for the first time due in large part to a drop in natural gas prices. Also, with Europe burning does that mean you’re pension will get smoked? We check out what the ruckus over […] [Read More]
Categories: General
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Nasdaq files non-compliance notice on Interactive Brokers

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Greenwich-based broker and market maker Interactive Brokers Group Inc. announced is received a non-compliance notice from the Nasdaq Stock Market last week. IBG said Nasdaq said the Greenwich firm’s last 10-Q report was missing Sabannes-Oxly certifications and and had not been reviewed by auditors. Nasdaq requires the company to file a plan by July 16 […] [Read More]
Categories: Wall Street
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W.E. Bassett makes official filing to close plant

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Shelton-based W.E. Bassett officially notified the state this week that it is closing and 122 people will lose their jobs at the maker of nail clippers and other trimming products. The firm was acquired by a California company and will be consolidating its operations. Hearst first reported the closing in March. W.E. Bassett has been […] [Read More]
Categories: Economy, General, Main Street

Roping electrons and wrangling natural gas in Durham

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UIL Holdings said this week its electric linemen and natural gas workers will be at the Construction Pro Rodeo in Durham May 23 and 24 to demonstrate their skills and discus what it takes to be a natural gas wrangler. Here’s the official release for those interested: During the career demonstration portion of the event, […] [Read More]
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The usual suspects in JPM European trade debacle

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The Wall Street Journal appears to have sniffed out who was on the end of those ill-fated J.P. Morgan trades in Europe, which the bank estimates could cost it $2 billion. It’s the usual suspects, including Goldman Sachs, the Journal reported. Reminiscent of its role in AIG’s horror show in 2008, Goldman shows its talent […] [Read More]
Categories: Banking, Wall Street

Wait for it! Crowdfunding not live, yet

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The SEC warned today that crowdfunding is not yet available in the U.S. Here is what the SEC says on the matter: On April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act was signed into law. The Act requires the Commission to adopt rules to implement a new exemption that will allow crowdfunding. Until […] [Read More]
Categories: General

Facebook Friday hits the Street and digital world

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Well, well well, looks like Facebook was very appropriately priced at $38 as it closed at $38.23 Friday in its inaugural trading day. FB opened at $43 a share, and as one veteran newswoman remarked in Stamford, mirrored the internet bubble in one day. At one point, the social network site was up 10 percent, […] [Read More]
Categories: General, Wall Street
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Connecticut drops 4,100 jobs in April

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Employment in Connecticut fell by 4,100 in April but the unemployment rate remained at 7.7 percent as more people dropped out of the labor force. The State Labor Department reported the disappointing numbers on Thursday, but noted key industries, like construction, which saw an early boost in hiring because of warm weather, showed some losses. […] [Read More]
Categories: General