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
Organizers of Occupy 2.0 staged a series of protests across the country, May 1 in order, as one participant told ABC News, to show the 1 percent what it would be like without the labor of the 99 percent. It was by many reports, a flop — at least on May 1. The most humorous Read More
A Wolcott resident who, with his ex wife and her current husband, defrauded Webster Bank of $6.2 million was sentenced to a year and a day in prison for one count of bank fraud and one count of filing a false tax return. According to the U.S. Attorney’s office for Connecticut, Kevin Caffrey, 47 was Read More
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
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
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
Beginning May 1, utilities can turn the lights and gas off on people who haven’t paid their bills and the companies start pressing for people to set up payment plans. The amount of accounts in arrears can be large. Coming out of the winter of 2008/2009, United Illuminating Co. and Connecticut Light & Power Co. Read More
The Communcations Workers of America, one of the major players in the 99 Power movement, is still locked in negotiations for a new contract covering the benefits and rights of about 4,000 Connecticut AT&T workers. The contract between the union and the Texas-based telecommunications giant expired more than 18 days ago.