GE announced first-quarter 2012 Operating Earnings of $3.6 billion, or $0.34 per share, up 1% and 3% respectively from the first-quarter of 2011. Earnings call at 8:30
Connecticut reported it lost 2,700 jobs in March, while the unemployment rate dropped to 7.7 percent from 7.8 percent the month before. This is a preliminary report and big losses were reported in construction and professional and scientific sectors. Both were down more than 1,000 jobs in the month, and could be indicative of a Read More
Less than three months after its chief executive resigned, the Board of Directors of Norwalk-based Heidmar Holdings LLC, the holding company for tanker pool management company Heidmar Inc., has hired a new CEO from within. The board selected Marc La Monte to serve as president and CEO of Heidmar Inc. Per Heilmann has been appointed Read More
BNC Financial Group, the holding company for The Bank of New Canaan, The Bank of Fairfield and Stamford First Bank has hired the former chief executive of NewAlliance to take over in September. Peyton R. Patterson, who led NewAlliance for nearly a decade building it through acquisitions, taking it public and then oversaw the sale Read More
Webster Financial Corp., the parent company of Webster Bank reported net income climbed 14 percent from a year ago. The bank said net income climbed to $38.3 million, or 42 cents per share, for the quarter ended March 31. FactSet Research said analysts were expecting 40 cents. A year ago, Webster posted net income of Read More
Beleaguered electronics retailer Best Buy listed the 50 stores it intends to close this year. No Connecticut stores were on the list. California and Illinois were hit hardest. But stores in Rhode Island, New York, and Massachusetts made the list.
Despite a two-egg, sausage, homefries and rye toast meal with coffee running from $7 to $10.10 in Connecticut these days, people are still out spending at their local diners here and nationally, a new report says. According to a Monday, April 16 Commerce Department report, retail and restaurant sales for March, were $411.1 billion, an Read More
Transamerica Life is looking to hike the premium on 7,124 long-term care policies in Connecticut by 25 percent in the coming year. The insurer filed an application to raise its rates with the Connecticut Insurance Department last month and said past denials of rate increases by the department has put it in the position to Read More