NY Fed launched blog tackling evolution of banking

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The New York Fed has unveiled a new blog where it is discussing the evolution of banking and regulatory policies. Looks timely and well thought out and should be a conversation piece as we look for impacts from the oft-maligned Dodd-Frank Act. One area that should be interesting is the impact of regulations on what […] [Read More]

Mixed reaction from stocks and experts to SCOTUS Health Care decision

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The decision is in and fortunes are rising and falling following the Supreme Court decision on health care. If you missed it, SCOTUS basically upheld it as a power to tax. Remember folks, all things necessary and proper. Here’s some early share numbers. Cigna was down 4.69 percent but finished off just 2.69 percent Aetna […] [Read More]

Fairfield-based Acme added to Russell Microcap Index

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Acme United Corp., the maker of cutting implements, office and school supplies and first aid kits, was added to Russell’s Microcap Index this month. Acme’s shares are traded on the NYSE’s Amex board and were priced at $10.09 Wednesday. Company has reported record profits in its most recent quarter and this month acquired the assets […] [Read More]
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Madoff feeder fund settles with NY AG for $410 million

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New York Attorney General Eric T. Schneiderman announced this morning an agreement with  J. Ezra Merkin, to make restitution to clients whose funds he handed over Bernard Madoff, who was running a Ponzi scheme. The AG said Merkin controlled four funds- Ariel Fund Ltd., Gabriel Capital L.P., Ascot Fund Ltd. and Ascot Partners L.P. – […] [Read More]
Categories: Regulatory, Wall Street
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Shares in NU drop from 1 % gain after AG calls to limit storm payment

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Attorney General George Jepsen has filed a brief with the state’s Public Utility Regulatory Authority demanding Northeast Utilities’ Connecticut Light & Power Co. subsidiary be barred from collecting more than 70 percent of the costs related to Tropical Storm Irene and the October Nor’easter. In March, as NU sought approval to merge with NSTAR, the […] [Read More]

Connecticut insurance regulator extends reach around the globe

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The Connecticut Insurance Department is now able to peer into the financial activities of insurance holding companies to look for potential issues that could raise premiums and jeopardize services. Commissioner Thomas B. Leonardi heralded the passage of two new laws that provide his department with greater financial oversight of large, globally active insurance companies and […] [Read More]

Kaman board declares dividend

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Kaman’s board authorized a 16 cent quarterly dividend today to shareholders of record on June 19. It is payable on July 3, the same day as the West Haven fireworks. Kaman shares were up a penny to $28.50 in trading on Tuesday. [Read More]
Categories: Defense, General, Wall Street
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When will the house fall on the witch?

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Well, heading into this week, one can only say “It’s a twister, it’s a twister! Jeez, look across the Atlantic and the countries lining up to bail out their banks is seemingly as long as the line of displeased Facebook IPO investors. And then there was that ugly jobs report last Friday topped by news […] [Read More]
Categories: Economy, General, Wall Street
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