Earlier today employees at Norwalk-based Norden Systems were told the company will be moving its manufacturing and engineering operations out of Connecticut within the next 18 months affecting 315 jobs. A spokesman for Northrop Grumman, Norden’s parent company, told Hearst Media about 30 to 50 employees will be offered a chance to move to Maryland Read More
Shelton-based Hubbell Inc. named David G. Nord President and chief operating officer, effective June 6. Timothy Powers will remain as chairman and CEO of the Company. “Dave is an experienced financial leader with a strong operational grounding,” said Tim Powers in an official announcement. “He has a demonstrated ability to establish a clear direction and Read More
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
Auditor Dale Ciccarelli, 57 of Southbury, was sentenced to 5 months in prison and ordered to make $1.7 million in restitution for his role in the F&S Oil fraud. Ciccarelli, a CPA, was F&S’ auditor in 2006 and 2007 when its president Chris Carr falsified accounts to obtain $4.5 million in loans from RBS-owned Citizens Read More
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.
Gov. Dannel P. Malloy announced Tuesday his hometown of Stamford will be the new headquarters for Tronox Inc., a global producer of titanium di-oxide used to whiten paint and other residential and commercial products. The state is giving Tronox a $3 million loan to move into 1 Stamford Place, where Tronox has pledged to invest Read More
Veterans with construction skills have until today to register for a jobs matching program which will take place in Middletown on June 14. Here’s some good information from U.S. Rep. Rosa DeLauro on the program with a link to register: NEW HAVEN – Congresswoman Rosa L. DeLauro is encouraging local veterans with experience in the Read More
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