aetna
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thehartford

HARTFORD: Good news finally for employees of Hartford based insurance companies. First off some ready money as both The Hartford [NYSE: HIG] and Travelers [NYSE:TRV] are giving their employees bonuses of $1,000 each if they earn $75,000 or less annually. The companies have cited the passing of the new US tax reform package as the motivation for their bonus plan.

The best news however came from the CEO of CVS, Larry Merlo that his company which was acquiring Aetna, saw Hartford as the “center of excellence for insurance,” he suggested that future growth was possible in Hartford for the company, rather than a relocation of headquarters personnel to New York City. In $500 Million for Bertolini But Aetna May Not Make Big Apple Move soon after the merger announcement this space predicted that the frugal Merlo would dispense with the NYC move.

chefsRIDGEFIELD: The Chefs’ Warehouse, Inc. [Nasdaq:CHEF], a distributor of specialty food products in the United States and Canada, completed a public offering of 1,900,000 shares of its stock, resulting in net proceeds of approximately $34.0 million to the company

Jefferies LLC acted as the sole underwriter for the offering. The company said, “it expects to use the net proceeds from the sale of its common stock for general working capital and corporate purposes.”

Washington – The Westport-based Newman’s Own Foundation was on the verge of securing a provision in the federal tax overhaul that would have spared it from an unusual 200 percent tax hike it is facing, when the Senate parliamentarian forced lawmakers to strip it out of the massive bill.

That decision could result in the sale of late actor Paul Newman’s food company and “significantly damage the foundation’s ability to give grants at anywhere near the level we have been doing in the past,” said Bob Forrester, president and CEO of the Newman’s Own Foundation.

All profits from the sale of Newman’s Own food products are given away though the foundation, which has to date donated $512 million to charities helping veterans, children with cancer, low-income students and dozens of other causes.

enslein
Enslein: "Out of box thinking."

Stamford: Sublime Communications has been named the marketing and advertising Agency of Record for Eureka®, the Floorcare brand,w hcih says it is “the world’s leading home cleaning appliance manufacturer”

Nicole Enslein, the CEO and Founder of Sublime, said, “we have big plans for Eureka and we've already started to implement multiple elements of an integrated marketing program that will bring well-deserved attention and awareness to this classic brand." Enslein added. "I knew our concepts would have the immediate impact needed. We started by launching a new microsite for the FloorRover."

jobs downWETHERSFIELD: while the US unemployment rate and neighboring states continue to see job growth Connecticut continues to lose jobs. The Connecticut Department of Labor reports that the Nutmeg state lost 3,500 jobs in November and the state’s unemployment rate increased to 4.6%.

The total number of Connecticut jobs is 1,677,500,

November’s job losses come on the heels of job losses of 6,200 jobs in October and a 300 job gain in September.

subwaysandwichesMILFORD: Eight months after appointing Karlin Linhardt as Subway's North American senior marketing vice president, , the company has made an about face.

Linhardt a former McDonalds [NYSE: MCD]marketing executive came to the company in April from the consulting firm Acenture [NYSE: ACN] to help lead a sales turnaround. Karlin reportedly tendered his resignation amid what some describe as an “uprising” among franchises of his marketing plans, emphasizing discounting.

moheganUNCASVILLE: Slot revenue may be down but the Mohegan Sun Arena recorded what the Casino says is “another successful year of A-list national tours and national awards in 2017.”

Two major awards were “Prime Site” and “Casino of the Year,” bringing the total to 15 national awards for the Arena over nine years. Named in Connecticut Magazine as “Best of Connecticut 2017” for large entertainment venue, Mohegan Sun Arena continues to be one of the busiest venues in the world, and surpassed 11 m