Connecticut Business People - Finance and Economy
 



Budget challenges put Malloy, urban Democrats at odds
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Tuesday, 31 July 2012
Full Story
August 1, 2012

Here's a preview of political drama that may be running at the Capitol for the next two years.

The central character is Gov. Dannel P. Malloy, who is running out of popular options for solving Connecticut's fiscal woes.

The rest of the cast comes from Connecticut's urban centers -- which played a

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Dr. Hamid Malakpour Named Vice President/Connecticut Business Development Officer at TD Bank in Wilton PDF Send Print
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Oct 12, 2011
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Promotion
WILTON, Conn. – TD Bank, America’s Most Convenient Bank®, has promoted Dr. Hamid Malakpour to VP/Connecticut Business Development Officer. Based in Wilton, Conn., he is responsible for growing the bank’s market share
TD Bank
Wilton
 
DiMatteo Group promotes Murphy PDF Send Print
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Sep 30, 2011
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Promotion

SHELTON, CONN.—DiMatteo Group, which celebrated its 50th anniversary last year, promoted Jennifer Murphy of Brookfield, Conn., to personal lines account manager—team lead.

In her new position, Murphy, who was hired by

DiMatteo Group
 
Aya Beckles Swanson Joins CIC as VP of Community Lending PDF Send Print
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Dec 12, 2013
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New Position

Community Investment Corporation (CIC), a non-profit economic development lender based in Hamden, CT, recently hired Aya Beckles Swanson as Vice President of Community Lending.

Aya will work closely with small

Community Investment Corporation
Hamden
 
DiMatteo Group hires Cruz as personal lines account manager PDF Send Print
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Oct 24, 2013
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New Position

SHELTON, CONN.--DiMatteo Group recently hired Cecilia A. Cruz, of Bridgeport, Conn., as personal lines account manager.

In her new position, Cruz is a liaison regarding claims, endorsements and billing issues for

DiMatteo Group
 
DiMatteo Group hires Joshua A. Miller PDF Send Print
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Jun 20, 2013
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New Position

DiMatteo Group hired Joshua A. Miller, Bridgeport, Conn., as personal lines account manager.

As personal lines account manager, Miller is a liaison for clients regarding coverage, claims, endorsements and billing

DiMatteo Group
 
DiMatteo Group hires Patricia A. Golino PDF Send Print
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Jun 20, 2013
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New Position

DiMatteo Group hired Patricia A. Golino, East Haven, Conn., as commercial lines account manager.

As a commercial lines account manager, Golino acts as a liaision for clients regarding coverage, claims, endorsements and

DiMatteo Group
 
DiMatteo Group hires Jaiden Tyler Cirillo PDF Send Print
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Jun 20, 2013
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New Position

DiMatteo Group hired Jaiden Tyler Cirillo, Trumbull, Conn., as health benefits account manager.

As health benefits account manager, Cirillo offers support to DiMatteo Group's health benefits service clients and

DiMatteo Group
 
Stephen Fowler- IRS Resolution Specialist at Arendholz Bryan and Associates, PC PDF Send Print
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Dec 07, 2012
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New Position

Stephen Fowler is a 32 year veteran of the IRS and a new addition to the firm. He has extensive experience in the IRS collection process. His proficiency in IRS policy will benefit both individuals and businesses

Arendholz Bryan and Associates, PC
Branford
 
Zev Kizelnik Joins Rothstein & Company PDF Send Print
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Nov 13, 2012
New Position

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AVON, Conn

Rothstein & Company
Avon
 
How to complete IRS Form 1099-C PDF Send Print
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Oct 04, 2012
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Promotion

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IRS Form 1099-C is used by creditors (such as the federal government, banks or other financial institutions, credit card companies, or credit unions) to

 
Marcum LLP Names Jeffrey C. Solomon a Partner PDF Send Print
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Oct 01, 2012
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Promotion

Marcum LLP, one of the nation’s largest accounting and business advisory firms, today named Jeffrey C. Solomon a Partner in the Firm's New Haven, CT, office.

 

Jeffrey C. Solomon, CPA

Jeffrey Solomon

Marcum LLP
New Haven
 
Marcum LLP Names Brett McGrath a Partner PDF Send Print
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Oct 01, 2012
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Promotion

Marcum LLP, one of the nation’s largest accounting and business advisory firms, today named Brett McGrath a partner in the firm's Hartford, CT, office. 

 

 Brett McGrath, CPA

Brett

Marcum LLP
Hartford
 
As government funding dwindles, so may public disclosure
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Wednesday, 26 September 2012
Full Story
September 27, 2012

As Connecticut struggles to maintain and upgrade its aging infrastructure, residents may be faced with a choice:

* To pay less for expensive public works projects, and know very little about who's

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Malloy touts efficiencies as budget challenges loom
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Tuesday, 25 September 2012
Full Story
September 25, 2012

Faced with worsening economic news, Gov. Dannel P. Malloy tried Tuesday to frame his approach to the next state budget as a frugal one.

The Democratic governor, who used his monthly commissioners'

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Communities still feeling the property tax bite, municipal lobby says
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Monday, 24 September 2012
Full Story
September 24, 2012

Very small increases in municipal aid over the past two years -- while appreciated -- haven't been enough to reverse Connecticut's over-reliance on property taxes, the state's chief municipal lobby

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U.S. Census: More Connecticut families and children living below poverty level
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Thursday, 20 September 2012
Full Story
September 21, 2012

More Connecticut families fell below the poverty level last year, with children hit particularly hard, as the state struggles to get to its feet in a tepid recovery, a new U.S. Census survey

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State jobless rate records biggest jump since '76
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Thursday, 20 September 2012
Full Story
September 20, 2012

The Connecticut jobless rate jumped from 8.5 percent to 9 percent in August, the biggest one-month increase in 36 years, the state Department of Labor reported today. The state lost 6,800 jobs.

"It

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Nonpartisan congressional study: Tax breaks for rich don't grow jobs
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Monday, 17 September 2012
Full Story
September 17, 2012

A congressional research service is challenging the candidates who say that preserving Bush-era tax breaks for the rich are a way to increase jobs.

In fact, the non-partisan Congressional Research

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Economic picture grim as job losses reappear
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Friday, 14 September 2012
Full Story
September 17, 2012

After hitting its lowest point this past spring since emerging from the the recent recession, the state's economy might need until 2018 to recover all of the jobs it lost, the University of

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Lawmakers question practice of using long-term funds to provide short-term cash
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Wednesday, 12 September 2012
Full Story
September 13, 2012

State government continues to occasionally use money reserved for capital projects to cover operating bills, and then returns the funds later -- a practice several critics acknowledged Wednesday

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Malloy calls his China mission long overdue
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Wednesday, 12 September 2012
Full Story
September 12, 2012

In a late night conference call from China, Gov. Dannel P. Malloy described his trade mission Wednesday as an overdue effort to strengthen ties with a nation that has the world's fastest-growing

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Connecticut sales tax is competitive with most other states'
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Monday, 10 September 2012
Full Story
September 10, 2012

Though a popular target for critics, Connecticut's sales tax burden is fairly modest when compared with sales taxes in other states, according to a report from nonpartisan legislative analysts.

And

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Survey finds manufacturing thriving in Connecticut; other businesses struggle more
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Friday, 07 September 2012
Full Story
September 7, 2012

Rocky Hill -- Two percent of Connecticut businesses are very optimistic about their economic recovery, and 15 percent still consider the state to be an ideal place to do business, according to a 2012

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Jackson Lab, UConn leaders see a genomic powerhouse in their collaboration at future research facility in Farmington
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Thursday, 06 September 2012
Full Story
September 6, 2012

Storrs -- Leaders from Jackson Laboratory and the University of Connecticut urged an auditorium packed with biologists and researchers Thursday to pair up and share ideas to build one of the most

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Lembo says state must rein in spending to avoid another deficit
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Tuesday, 04 September 2012
Full Story
September 4, 2012

While confirming a deficit Tuesday for the last fiscal year, state Comptroller Kevin P. Lembo urged officials to keep an extra close watch on spending to avoid another shortfall this year.

The General

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Study finds widening poverty gap in Connecticut
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Wednesday, 29 August 2012
Full Story
August 29, 2012

The gap between Connecticut's top wage earners and others continues to grow in the aftermath of the Great Recession, according to a new study that also warns the "have-nots" make up an increasing share

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Study questions if Connecticut emerged from recession
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Tuesday, 28 August 2012
Full Story
August 29, 2012

New data shows Connecticut's economy was damaged more severely than most economists originally thought in the last recession, according to a provocative new report released Wednesday by the University

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Connecticut home sale prices show biggest decline in nation
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Tuesday, 28 August 2012
Full Story
August 28, 2012

Connecticut is leading the nation in declining home prices, one of just eight states to lose ground in the second quarter of this year, according to a new federal report.

And Fairfield County took a

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Is Connecticut's debt changing outlook for bonds on Wall Street?
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Monday, 27 August 2012
Full Story
August 27, 2012

When measured against its sluggish economy, Connecticut's huge bonded and pension debt ranks worst among all states, a leading Wall Street publication asserted this week.

But while Barron's, a financial

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Wall Street agency poses tougher test for state pensions' health
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Friday, 24 August 2012
Full Story
August 24, 2012

Just as Gov. Dannel P. Malloy's plan to bolster the state's cash-starved employee pension fund kicks in, a leading Wall Street credit-rating agency is posing a new way to test the pension system's

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Study panel fills its plate with major tax questions
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Tuesday, 21 August 2012
Full Story
August 21, 2012

Should Connecticut ease up on taxing gifts and inheritances?

How about placing a cap on the total amount of tax credits doled out to businesses?

And what can the state learn from the companies that

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Report: Connecticut companies, CEOs, don’t pay fair share of taxes
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Monday, 20 August 2012
Full Story
August 21, 2012

Correction: Jeffrey Boyd, CEO of Norwalk-based Priceline, benefited when the top income tax rate dropped from 39.6 percent to 35 percent. An earlier version of this story misstated the top U.S. income tax

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Gasoline prices rise as fall election season nears
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Monday, 20 August 2012
Full Story
August 20, 2012

Democratic state legislators appeared to be out of luck this summer in their bid to make relief at the gasoline pump a campaign issue.

Almost immediately after capping a volatile tax that jacks up

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Connecticut's challenge: retaining scientists while building a bioscience hub
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Friday, 17 August 2012
Full Story
August 20, 2012

In 2007, Jim O'Malley was laid off by Pfizer Inc. as the pharmaceutical giant started abandoning research and development operations in southeastern Connecticut. With more than a decade of experience as a

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Malloy 'skeptical' of report showing jobless rate rose in July
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Thursday, 16 August 2012
Full Story
August 16, 2012

How could Connecticut's unemployment rate have worsened significantly in July when the state gained more than 5,000 jobs last month?

Gov. Dannel P. Malloy called out the Department of Labor Thursday,

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Bridgewater to relocate to Stamford, creating 1,000 new jobs
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Wednesday, 15 August 2012
Full Story
August 16, 2012

Stamford -- Bridgewater Associates, a large hedge fund based in Westport, plans to build a 700,000-square-foot corporate headquarters here, Gov. Dannel Malloy announced Wednesday. He said the new facility,

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Malloy offers aid to entice hedge fund to Stamford
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Wednesday, 15 August 2012
Full Story
August 15, 2012

Connecticut is providing up to $115 million in incentives to a major hedge fund that is committing to the construction of a new $750 million headquarters in Stamford and a doubling of its present workforce of more than 1,000, Gov. Dannel P. Malloy said Wednesday.

Bridgewater

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Waterbury hopes rebuilding its manufacturing workforce will cut its region's chronic unemployment
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Thursday, 02 August 2012
Full Story
August 17, 2012

Waterbury -- The past few decades have been tough on this formerly bustling manufacturing city.

After losing some 5,000 manufacturing jobs between 1989 and 1992, the region partially recovered, only

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State investing $55 million to revitalize old buildings, create affordable housing in cities
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Thursday, 02 August 2012
Full Story
August 2, 2012

Ten vacant and deteriorated buildings in cities around Connecticut will soon be returned to residential use with the help of a $25 million state investment to create new affordable housing.

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Fraud happens at Connecticut's farmers' markets -- but not often
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Wednesday, 01 August 2012
Full Story
August 3, 2012

Rick Macsuga has heard the allegations for years. That "jobbing" -- farmers buying produce to sell as their own -- occurs regularly and illegally in the farmers' market system he oversees for the

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Task force gets first look at state's convoluted liquor regulations
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Wednesday, 01 August 2012
Full Story
August 1, 2012

A businessman issued a state permit to sell liquor at one venue, such as a package store or a restaurant, is barred by law from getting permission to sell at another.

That is, unless a restaurant

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For Danbury, immigrants are key to downtown renaissance
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Thursday, 26 July 2012
Full Story
July 31, 2012

Danbury -- When Mayor Mark Boughton talks about his city's downtown revitalization zone, he sometimes calls it "La Zona."

It is hard to know whether he is being flip or sincere, considering that his city has

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Lawsuit against Bass Pro Shops charging employment bias raises questions in Bridgeport
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Tuesday, 24 July 2012
Full Story
July 25, 2012

The recent announcement that Bridgeport's Steelpointe development -- 30 years in the making -- will finally get an anchor tenant has brought hope to a city that some say is on the brink of revitalization.

But

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Threat of defense industry cuts already resulting in layoffs
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Tuesday, 24 July 2012
Full Story
July 26, 2012

Washington -- Economists warn it will push the nation over a fiscal cliff, and Connecticut's defense industry says it will bleed jobs.

But Congress has not been able to come up with a way to avoid

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State unemployment rate ticks upward despite 1,400 new jobs
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Thursday, 19 July 2012
Full Story
July 19, 2012

The state’s unemployment rate rose above 8 percent last month for the first time this year -- despite the addition of 1,400 jobs, the Connecticut Department of Labor reported Thursday.

Government sector

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Study shows Connecticut's housing market stabilizing
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Wednesday, 18 July 2012
Full Story
July 18, 2012

A study released Wednesday finds signs of stabilizing housing prices after more than a year of declines.

Over the past year, prices have stabilized or increased throught most of the state market, and areas

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State offers $19 million in global HQ deal
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Wednesday, 18 July 2012
Full Story
July 18, 2012

The state is providing a low-interest, $19-million loan to two global steel companies that are combining to create a new business, Sustainable Building Systems, and open a North Haven headquarters that

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Malloy pickets with striking nursing home workers
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Wednesday, 11 July 2012
Full Story
July 11, 2012

Newington -- Gov. Dannel P. Malloy walked a picket line Wednesday with striking nursing-home workers, accusing HealthBridge Management of New Jersey of violating labor laws in its battle with employees at

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Expectations run high for liquor pricing task force
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Wednesday, 11 July 2012
Full Story
July 11, 2012

Legalizing Sunday liquor sales grabbed the headlines last spring, but the Connecticut legislature's 2012 venture into the complexities of liquor regulation and price controls was judged as much on what it

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