Connecticut sets record for foreign exports in 2013

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Connecticut was among 16 states in the country that set a record for its foreign exports in 2013, according to the U.S. Department of Commerce in a press release last week. The state ranked 12th with $16.5 billion worth of merchandise exports, representing an increase of 3 percent over last year. The total record-setting value […] [Read More]
Categories: Economy, Exports

Update: Malloy unveils legislation to assist social entrepreneurs

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In a follow-up to an earlier blog post previewing the governor’s economic development announcement, Malloy today introduced that he plans to introduce legislation to help businesses that promote social benefits, also known as social enterprises. “By creating a new corporate entity – the benefit corporation – Connecticut entrepreneurs can start businesses that compete in the […] [Read More]
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The cost of gridlock

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Much of the media has been fastened on New Jersey Gov. Chris Christie’s Bridgegate scandal. Some have surmised that readers have been devouring the story, in part because who can’t relate to a traffic jam? Here in southwestern Connecticut, it’s a daily reality for driving to work. But what exactly is the cost of all […] [Read More]
Categories: Economy, General

Shelton High grad turned Citigroup CEO garnering praise

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He was brought in, in part, to get Citgroup out from under the regulators’ microscope. He was brought in, perhaps, to be a little boring. Today, former Shelton High football star Michael L. Corbat — whom we profiled this past summer — got some rather unconventional praise in a New York Times piece that ran […] [Read More]

Busy season kicks up for holiday road races…

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Last week, we at the Hearst Connecticut business desk looked into the blooming market for Thanksgiving Road Races, or Turkey Trots, and came up with some interesting finds — for one thing, Thanksgiving is now the most popular road-racing day each year for Americans, with some 840,000 people finishing them across the country in 2012. […] [Read More]
Categories: Economy, General, Main Street

How’s Connecticut stack up in energy efficiency?

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If you’re interested in energy efficiency and care about how Connecticut stacks up then you should be looking forward to this afternoon. That’s when the American Council for an Energy-Efficient Economy will announce its 2013 “State Energy Efficiency Scorecard.” The ranking covers all 50 states and Washington D.C., but it will highlight the best 10 […] [Read More]
Categories: Economy, General, Main Street

Banking giant to speak at Westport women’s lunch

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Peyton Patterson, president and CEO of Bankwell Financial Group, will offer the keynote address at next Thursday’s second-annual Working Women’s Luncheon, put on by the Westport-Weston Chamber of Commerce. There are still spots open to register — $65 for chamber members; $75 for “future” members — for the event at The Inn at Longshore, which […] [Read More]

Fairfield business incubator hatches today

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Three lucky, aspiring entrepreneurs will be unveiled today in Fairfield’s latest iteration of what’s becoming a statewide trend: the business incubator. Financial Mines is told the three businesses that’ll enjoy the privilege of launching operations at the “Fairfield Accelerator and Mentoring Enterprise,” or FAME, represent three different industries. We at Hearst Connecticut will be on […] [Read More]
Categories: Economy, General, Main Street

Yale’s Shiller among Nobel prize winners

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Three American professors won the Nobel prize for economics Monday for shedding light on how stock, bond and house prices move over time— work that’s changed how people around the world invest, the Associated Press reports. Two of the winners — Eugene Fama, 74, and Lars Peter Hansen, 60 — teach at the University of […] [Read More]
Categories: Economy, Real Estate

Banks pay $7 million for bad behavior in 4,670 Connecticut foreclosures

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Remember when the banks faked court documents to speed up the foreclosure process and kept losing the paperwork from desperate people trying to modify mortgages in the heart of the downturn? Well, the checks are finally in the mail paying 5,000 residents in the state $1,480 each for their troubles thanks to Attorney General George […] [Read More]