Aquarion Water Co. has cut a deal to buy United Water’s regulated business for $38 million. The deal is expected to close in the third quarter.
The Boston Globe revealed an alleged embezzler at a Mass. library intercepted $450,000 of GE Foundation matching grant donations. It’s a sad story about betrayal of trust at a library where retired GE workers were sending donations. In all the library worker is accused to taking $800,000. Imagine all the good a library could do Read More
The Internal Revenue Service said Thursday it has about $14 million in tax refunds from tax returns that were never filed in 2008 and time is running out for collecting it. People owed money from 2008 have until April 17 of this year to file for that money. If they don’t, Uncle Same keeps it. Read More
Orange-based Tangoe Inc. announced Thursday it has acquired U.K.-based ttMobiles for an undisclosed amount, moving the Connecticut company solidly into the European market. This is Tangoe’s third acquisition since going public in the summer of last year and while it is not its first foray into the international market, the deal gives it a solid Read More
In its quarterly report filed with the SEC today, Royal Bank of Scotland revealed it trimmed its payroll costs to 8.6 billion pounds in 2011, compared to costs of 9.6 billion for 2010. RBS, a key business in Stamford, has trimmed payroll and slashed bonuses, following the massive investment in the bank by the British Read More
We’re not sure if Attilio Anthony Foschini is a fan of Monty Python’s Flying Circus, but it sure sounds like it from an investigation by the Connecticut Banking Department. The Circus performers often put on odd skits involving strange situations, including ones about a pet store that sold a dead parrot nailed to a perch, Read More
“Ye be warned.” According to an SEC complaint and lawsuit after lawsuit filed in federal courts in California and New York, China-based Puda Coal, sold shares to a shell company to American investors and raised millions. The SEC allegations are mirrored in several investor lawsuits against Puda and they say the chairman of the company, Read More
Some business owners refuse to surrender, like this one on Surf Ave, who has continued to advertise for snow removal help all season. Still, temps are expected to get securely into the 50s today as we roar out of winter and into spring. But, we’re pulling for you! Snow! Feb. 24. Update. Yes!