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
Connecticut Attorney General George Jepsen joined U.S. Attorney General Eric Holder in going after Apple and e-book publishers for alleged anti-trust activity. The state and federal governments are charging that Apple and publishers agreed to fix prices for e-books. Here’s what Jepsen’s office had to say about the matter at noon; Attorney General George Jepsen Read More
The carnage on Tuesday was severe, with many local companies’ shares falling more than 5 percent, but in Norwalk, Bolt Technology was able to eek out a 5 cent gain to $14.64 on the Nasdaq. Bolt, the maker of seismic exploration equipment, used in the search of deep sea oil, hung onto the gain despite Read More
NU and NSTAR closed their merger and executives will hold a press conference at 2 p.m. but a spokesman told The Mines job reductions are coming, but will come through attrition and not layoffs. “There will be no mass layoffs, and the merger is not expected to affect our operating companies,” said Al Lara, an Read More