CT office workers got more pink slips in fourth quarter 2012

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The job market for office workers remained a rough one in 2012 as the sector continued to lead Southwest Connecticut for job losses, according to the Labor Department’s quarterly survey. The department said in the fourth quarter of 2012, there were 1,711 people who had lost office jobs in the Bridgeport Stamford market, up 18 […] [Read More]

Park City won’t be flushed away in April

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Good news Bridgeport, come April, there’s a solid chance someone will be running the sewage treatment plants. Mayor Bill Finch’s office said this week the Water Pollution Control Authority has a winning bidder for the city’s two sewage plants, but is still doing due diligence on the award. The city says the winner is Severn […] [Read More]

Call for Conn. companies for Germany and Paris shows

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The International Affairs office for the Connecticut Department of Economic and Community Development says there is government funding to help state businesses attend an energy conference in Germany and the Paris Airshow this year. The State Trade and Export Promotion program provides funding to help small businesses increase their exports and the shows in Hanover, […] [Read More]

In case the boss doesn’t buy the blizzard excuse

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Earlier this week, Harris Interactive and CareerBuilder conducted a survey of hiring managers and workers nationwide looking for the most outrageous excuses for arriving late to work. Well, thanks to winter storm Nemo, which in some forecasts is expected to dump snow in feet and not inches, workers in New England aren’t going to have […] [Read More]

Norwalk’s Southern Air to cut 120 jobs

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Southern Air Inc. filed a mass-layoff notice with the state this week saying 120 workers will lose their jobs in March. The cargo airline has struggled over the last few years and is trying to emerge from chapter 11 bankruptcy. A plan of reorganization was scheduled for Feb. 14 of this year. In November, the […] [Read More]

Conn. contractors missing from national construction survey

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The Associated General Contractors of America’s annual outlook on the industry found that 31 percent of firms in the industry plan to add staff this year and there is optimism that work on highways and hospitals will pick up this year. Overall, the association said 2013 will be an improvement over 2012 with firms reporting […] [Read More]

National Consumer Protection unleashes new mortgage rules

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The U.S. Consumer Financial Protection Bureau released new rules on mortgage lending that limits the debt-to-income ration for people taking on conforming mortgages to 43 percent of a household’s monthly income. In high priced states like Connecticut, what does this mean? Could it depress prices? Could it slow down sales? We’ll be checking into this […] [Read More]

Bridgewater hires Northern Trust for back-office services

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A little more than a year since Westport-based Bridgewater Associates turned over some of its back-office functions to BNY Mellon, the world’s largest hedge fund is hiring Northern Trust’ to replicate some of that work. Northern Trust announced the Bridgewater deal on Tuesday. According to Chicago-based NT, it will replicate certain middle and back-office services […] [Read More]