A tale of two summers for investors and rate payers

on
ISO New England, the region’s grid operator reported Friday there is adequate power to meet the demands of a typical summer in the region, but cautioned higher than normal temperatures could tax the system’s natural gas-fired plants. The ISO said the main issue appears to be in Boston, where there is concern about liquified natural […] [Read More]
Categories: Economy, General, Wall Street
Tags: | | |

WWE and Gartner report gains in earnings

on
Stamford-based companies Gartner Inc. and WWE Inc. both reported gains in income over last year but saw reception in early trading to their performance go in opposite directions. Shares in WWE rose 10 percent to $8.67 in morning trading after the multi-platform entertainment purveyor reported net income for the first quarter rose to $15.3 million, […] [Read More]
Categories: General, Wall Street
Tags: |

Ruger gains 4.37 percent in Wednesday trading

on
Sturm Ruger & Company Inc.’s shares climbed more 4.37 percent to top $57.55 Wednesday after the Southport-based gun maker reported better than expected earnings. Ruger held its annual meeting on Wednesday morning a day after after posting earnings that were almost double compared to a year ago. EPS for the most recent quarter came in […] [Read More]
Categories: General, Wall Street
Tags:

Kaman punished in early trading

on
Hit your numbers or pay the price. That’s the rule for this earnings season and Bloomfield-based Kaman Corp. suffered Tuesday in the morning after disappointing the street Monday evening when it reported first quarter results. Shares of the aerospace corporation fell more than 5 percent to $32.59 heading into a call with analysts. The company […] [Read More]
Categories: Defense, General, Wall Street
Tags:

Kaman profits off from a year ago

on
Lagging aerospace sales dampened profits at Bloomfield-based Kaman Corp. in the first quarter. The company reported results after the market closed Monday. Its shares lost 91 cents to close at $34.38 on the New York Stock Exchange. While the company said net sales climbed 2.5 percent to $388.7 million in the most recent quarter, net […] [Read More]
Categories: Defense, Wall Street
Tags:

Up this week: Guns, wrestling, soundsystems, IT and electricity

on
Earnings season continues this coming week of April 30 to May 4, kicking off with Harman International Industries Inc. on Monday. Harman, which provides the sound inside many of the world’s premium cars, has continued to rack up contracts and roll out innovation in the last year. With auto-sales humming along, there should be some […] [Read More]
Categories: General, Wall Street
Tags: | | | | | More

Norwalk firms revisit Bear Stearns collapse in film and TV

on
Norwalk-based CABLEready, an international television program distribution and development company, acquired the exclusive worldwide television rights to Confidence Game , the new feature documentary film from Nick Verbitsky’s Blue Chip Films. Blue Chip Film, also of Norwalk, tells the inside story on Bear Stearns collapse and the near failure of the world financial system. The […] [Read More]

Sikorsky sales down in 1Q but UTC beats street

on
Sales were down by 15 percent at Sikorsky Aircraft in the first quarter, but the profit margin increased as the Stratford helicopter maker cut costs, its parent company, United Technologies Corp. reported Tuesday in its earnings release. Sikorsky delivered 39 helicopters, 34 for the military in the first quarter. During the same three months last […] [Read More]

GE becomes target of rebranded Occupy movement

on
When General Electric Co.’s executives and shareholders gather this Wednesday in the Detroit Marriott at the Renaissance Center, an outgrowth of the Occupy Wall Street movement plans to have 1,500 protestors there to greet them. Calling itself 99 Percent Power, a coalition of unions, liberal political and social organizations have banded together to target 32 […] [Read More]

Xerox clings to 1 cent gain after earnings report

on
Norwalk-based Xerox Corp. clung to a 1 cent gain in its shares Monday after the Dow Industrial average slipped more than 100 points and the S&P was off 12 points. Xerox reported first quarter earnings Monday morning and told analysts the business services and technology company expects to meet its previous earnings projections for the […] [Read More]
Categories: Wall Street
Tags: