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Obama Turns Down CIGNA's Invitation
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President Obama criticized health insurers in Pennsylvania today and the White House said "thanks, but no thanks" to CIGNA's invitation to visit its headquarters while he was in the neighborhood.
 
Regulation of nonbank lenders urged
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While much of the congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the scenes over whether and how to regulate payday lenders, debt collectors, check-cashing outlets, title and installment lenders and even pawnbrokers.
 
GE's Immelt declines bonus, total pay nudges up - Reuters
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Washington Post

GE's Immelt declines bonus, total pay nudges up
Reuters
The Fairfield, Connecticut-based company is now retrenching. On Monday, GE closed on its sale of its security arm to United Technologies, expects to close ...
GE Must Keep Focus on Industrial Units, Immelt WritesBusinessWeek

all 177 news articles »
 
Performing arts groups dealing with hard times
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In 1765, the economy in the British colonies in North America was in shambles. A Philadelphia newspaper headline said, "The Times are Dreadful, Doleful, Dismal, Dolorous, and Dollar-less." For the past two years, many not-for-profit performing arts organizations would have agreed that this assessment could be applied to the present day.
 
Conn. Lawmakers: Tax TARP Execs To Pay For Jobs
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Democrats are pushing a bill that they say would preserve and create jobs, and, while Republican leaders spoke favorably of the bill in testimony Monday, they disagreed with one component: the TARP bonus tax.
 
Think Tank Blasts "SustiNet," Board Says, "Not So Fast" - NBC Connecticut
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Think Tank Blasts "SustiNet," Board Says, "Not So Fast"
NBC Connecticut
... reduced employment, longer waits, higher costs and fewer choices. "Connecticut residents who are worried about the big government health care bills ...

 
Webster Receives Approval From Treasury Department to Repurchase $100 Million of Preferred Stock
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WATERBURY, Conn., March 1 /PRNewswire-FirstCall/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that it has received U.S. governmental approvals to repurchase 25 percent of the shares of preferred stock that were issued to the U.S. Departmen
 
Foley's Platform In Governor's Race A Tissue Of Cliches
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Here's how a campaign for governor ought to germinate, bloom and grow: A person with an interest in politics and public affairs has some ideas on how government ought to work.
 
High-Speed Government Waste - The Ledger
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High-Speed Government Waste
The Ledger
How will Florida high-speed rail benefit the taxpayers from Idaho, Texas, Connecticut or the other 47 states? Millions of dollars have been spent on ...

 
Arrest In $12 Million Theft From Webster Bank ATMs
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Robert Egan's company was supposed to restock cash in Webster Bank ATMs, but ended up making quite a hefty withdrawal instead, law enforcement officials say.
 
Filmmakers Fight Plan To Alter Connecticut Tax Credit
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Moviemakers are coming to Connecticut, though Sen. Gary LeBeau says the state can keep them coming and save money at the same time by adjusting its film tax-break program.
 
The courage to bring Connecticut back - Ridgefield Press
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The courage to bring Connecticut back
Ridgefield Press
Compare Connecticut's government employee paid portion for health insurance of $28 to the $150 that federal employees pay. Other spending excesses include a ...

 
What Simmons lacks in star power, the Senate contender says he more than makes ... - American Chronicle
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What Simmons lacks in star power, the Senate contender says he more than makes ...
American Chronicle
Businesses that receive loans from the Small Business Administration should instead be allowed to postpone the principal or interest payments until the end ...

and more »
 
Natural-gas vehicle program gets $26.8M boost
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A four-year, $26.8 million program involving public and private sector money will bring 183 new natural gas-powered vehicles into the state and allow for the creation of 10 fueling stations, according to an announcement made Friday.
 
Obama Targets Connecticut Health Insurance Rates - Hartford Courant
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Boston Globe

Obama Targets Connecticut Health Insurance Rates
Hartford Courant
The Obama administration, in criticizing health insurers this week, singled out Connecticut and three other ...
Fight Over Health-Care Premiums Heats UpWall Street Journal
Blue Cross Blue Shield used by Sebelius as example of health costs run amokThe Detroit
 
Cos Cob parents stage rail station rally against cell towers [Connecticut Post, Bridgeport]
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Via Acquire Media NewsEdge) Feb. 19--Greenwich state legislators are proposing a bill that would prohibit building cell towers within 750 feet of a school or day care, but some parents say that distance isn't far enough to ensure their kids' safety.
 
 
Water company acquires 3 systems
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CLINTON — The Connecticut Water Co. has spent about $600,000 to acquire two small water systems that serve 55-and-older housing complexes in Killingworth and Mansfield, as well as a small utility in Old Lyme.
 
Shaw's Selling All Stores In Connecticut
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The owner of the Shaw's supermarket chain said today it is selling all its 18 stores in Connecticut.
 
Developer pulls out of Powder Ridge deal
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MIDDLEFIELD — The developer with whom the town had been negotiating to buy Powder Ridge and turn it into a year-round recreation area has pulled out, citing the state’s high cost of electricity and heavy tax burden.
 
Future of Middletown plant remains unclear - Danbury News Times
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Future of Middletown plant remains unclear
Danbury News Times
That contract was set to begin in 2011, according to Mitch Gross, a Connecticut Light & Power Co. spokesman. The contract was cited by a Project Finance ...

and more »
 
United Tech Considers 'Bigger Bets' In Clean Tech
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United Technologies Corp is interested in making bigger investments in alternative energy, possibly including a majority stake in wind turbine maker Clipper Windpower Plc , a top executive at the diversified U.S. manufacturer said on Thursday.
 
UConn Forecast: Job Loss Will Continue in Connecticut
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Westport R ex Wednesday, February 10, 2010 Job loss will continue in Connecticut through 2011, according to the latest quarterly economic forecast by UConn's Connecticut Center for Economic Analysis , and growth may not resume until 2012 or even later.
 
Peter Olson Named Co-chair of CoreNet Global’s Connecticut/Westchester Chapter PDF Send Print
Appointment

The Connecticut/Westchester chapter of CoreNet Global has named Peter Olson co-chair of the chapter. Olson, who heads up Real Estate Solutions, a Connecticut-based consulting practice, succeeds Karen Odlum, real

 
Yale Beats Harvard Selling Bonds in Rush for Scarce Connecticut Muni Debt
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Yale University, the top-rated Ivy League school founded in 1701, won lower 15-year tax-exempt yields than Harvard University, also ranked AAA, thanks in part to demand from its home state of Connecticut.
 
Millstone Nuclear Complex Announces Layoffs
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Between 50 and 75 people will be laid off April 1 at Millstone nuclear power complex, Connecticut's largest power plant.
 
Gambling proposal may be gaining - Boston Globe
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Gambling proposal may be gaining
Boston Globe
“We plan to be able to compete with casinos in Rhode Island and Connecticut, with no problem,'' Carney said. “We're not just going to throw a few hundred ...

and more »
 
Aetna Lays Off 100 in Connecticut
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Or a plumber, or an electrician...I'd have a trade to last a lifetime. So what's up with Connecticut's tech schools? Read It politics Feb 3, 2010 First U.S. Transportation Secretary Ray LaHood said owners of Toyotas under recall should stop driving them immediately, then he said he "misspoke." Read It local_beat Feb 3, 2010 If you lost your job
 
Sen. Dodd Complains President's Banking Plan Complicates Bill
Full Story
Tuesday, February 2, 2010 The chairman of the Senate Banking Committee has chided the Obama administration for recommending new banking restrictions late in his negotiations for a sweeping overhaul of financial regulations.
 
Connecticut Accountant Admits Role in Conspiracy to Defraud Mortgage Lenders
Full Story
Nora R. Dannehy, United States Attorney for the District of Connecticut, today announced that JOSE I. FLORES, 50, of Fairfield Avenue, Stamford, waived his right to indictment and pleaded guilty yesterday, January 20, before United States District Judge Christopher F. Droney in Hartford to one count of conspiracy to commit wire fraud stemming from
 
State Unemployment Highest Yet During Current Recession
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The unemployment rate in Connecticut hit its highest point in the Great Recession last month, jumping to 8.9 percent from November's 8.2 percent, according to a state report issued today.
 
Ten Companies Get Venture Capital Funding
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Ten Connecticut companies received venture capital funding in the last quarter of 2009, all in New Haven and Fairfield counties, according to the MoneyTree report by PricewaterhouseCoopers and the national Venture Capital Association.
 
Blumenthal Objects to Banking Industry Fee Structures on WNPR Business Desk
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Connecticut's Attorney General says the banking industry has admitted it is charging higher credit card fees to low risk customers, in order to be able to lend to those with less credit.
 
Kolltan collects $2.5M in new funding
Full Story
Connecticut biotech Kolltan Pharmaceuticals Inc. has raised $2.5 million in new funding, according to federal documents.
 
Online drive urges bank customers to go local: War cry for consumers...
Full Story
"Let's turn big banks into smaller banks." With that rallying cry, online news maven Arianna Huffington and four dinner-party guests this week launched an online appeal to consumers to move their money from the bailout-hungry and credit-hoarding banks on Wall Street to the more agile, loan-friendly banks on Main Street.
 
Connecticut Dem says time for Dodd to go
Full Story
As Connecticut voters remain wary of Sen. Chris Dodd, one state Democrat is openly suggesting the five-term senator abandon his re-election bid "for the good of the party." "Chris has had Obama in for him, Biden in for him, a lot of TV ads and they haven't moved the numbers," former Connecticut Democratic Party Chair Ed Marcus told local
 
Madoff Victims Join Stanf...
Full Story
Victims of Bernard Madoff and accused Ponzi schemer R. Allen Stanford are banding together to lobby Congress for a law that could require Wall Street firms to pay billions of dollars to cover some of the losses they suffered.
 
Waltham woman's business a four-legged frolic - Daily News Tribune
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Waltham woman's business a four-legged frolic
Daily News Tribune
A Pennsylvania native, Applebaum graduated from the University of Connecticut with a degree in English literature. Entering the workforce as a reporter, ...

and more »
 
Obama prods undecided to pass climate, energy bill - Boston Globe
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Boston Globe

Obama prods undecided to pass climate, energy bill
Boston Globe
A bill sponsored by Senators John F. Kerry, Democrat of Massachusetts, Lindsey Graham, Republican of South Carolina, and Joe Lieberman, a Connecticut ...

 
Senate Said to Weigh $50 Billion Fund to Wind Down...
Full Story
Senate negotiators are closing in on a deal to create a $50 billion trust fund from fees on large financial firms that may include Goldman Sachs Group Inc.
 
Madoff Victims Join Stanford Investors to Lobby for...
Full Story
Victims of Bernard Madoff and accused Ponzi schemer R. Allen Stanford are banding together to lobby Congress for a law that could require Wall Street firms to pay billions of dollars to cover some of the losses they suffered.
 
Defaults Signal Bursting Muni Junk Bubble on High-Yield Surge - BusinessWeek
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Defaults Signal Bursting Muni Junk Bubble on High-Yield Surge
BusinessWeek
The Hartford, Connecticut-based firm doesn't buy below investment-grade municipal bonds. Rising taxes are also driving investors to munis, ...

and more »
 
Obama meets leader of ailing Greece
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Global financial reform topped the agenda Tuesday as President Obama huddled with Greek Prime Minister George Papandreou, whose country is at the center of Europe's debt crisis.
 
Lawmakers considering revision to RI tax system - Providence Journal
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Lawmakers considering revision to RI tax system
Providence Journal
Some details of the plan emerged during interviews with several participants at a Bryant University conference on Tuesday about the Rhode Island economy. ...

 
Corker Pushes 'Surgical' Senat...
Full Story
Senator Bob Corker, the Republican leading Banking Committee negotiations on legislation to overhaul financial rules, said the bill will be "surgicala and probably amended in committee and on the floor.
 
World stock markets news summary (US, UK, Europe, Asia) (March 09, 2010) - Stock Markets Review
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World stock markets news summary (US, UK, Europe, Asia) (March 09, 2010)
Stock Markets Review
Also says severe downside risks have diminished, employment trends surprisingly robust, but economy response to GBP drop is disappointing. ...

and more »
 
Supply-Side Financial Reform - City Journal
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Supply-Side Financial Reform
City Journal
As Connecticut Senator Chris Dodd, who is leading the legislative effort with the White House's support, sees it, the protection bureau would govern ...

 
MOVES-Citi, Heartland Financial, Deutsche Bank - Reuters
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MOVES-Citi, Heartland Financial, Deutsche Bank
Reuters
He was formerly chief operating officer of Century Atlantic Capital Management LP, a Connecticut-based hedge fund that he co-founded. ...

and more »
 
FDIC May Invite Pension Funds to Buy Stakes in U.S. Banks Facing Seizure
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The Federal Deposit Insurance Corp. is trying to encourage public retirement funds that control more than $2 trillion to buy all or part of failed lenders, taking a more direct role in propping up the banking system, said people briefed on the matter.
 
L.A. Sparks Revolt Against Banks and Wall Street Shakedowns, Abuses
Full Story
What do the titans of Wall Street do for an encore after they created the country's worst recession since the 1930s and then conned the U.S. taxpayers out of $14 trillion in loans and guarantees ? On top of all that, big banks and Wall Street firms still hold billions in so-called toxic assets that are now backed by the U.S. government, even as ...
 
feature photo
Full Story
The story thus far: Not content with plunging the world's economy into the worst crisis since the 30's, the avaricious and reckless bankers have been saved from ruin - momentarily - by our taxes, yet they continue to treat us with breathtaking contempt.A Far from feeling any remorse or humility, they pay themselves annual bonuses larger than what
 
 
Share This
Full Story
The story thus far: Not content with plunging the world's economy into the worst crisis since the 30's, the avaricious and reckless bankers have been saved from ruin - momentarily - by our taxes, yet they continue to treat us with breathtaking contempt.A Far from feeling any remorse or humility, they pay themselves annual bonuses larger than what
 
 
 
Berkshire Taconic Foundation distributes $7 million - Berkshire Eagle
Full Story

Berkshire Taconic Foundation distributes $7 million
Berkshire Eagle
GREAT BARRINGTON -- The Berkshire Taconic Foundation announced that despite the tough economy, it distributed $7 million last year throughout its service ...

 
FDIC Said to Encourage Pension Funds to Invest in Banks
Full Story
U.S. regulators are encouraging public pension funds that control more than $2 trillion to inject capital directly into the banking system by buying failed lenders, said people briefed on the matter.
 
3 Reasons to Feed your Green Machine
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Nutmeg State Federal Credit Union has a long history of financial service and innovation.
 
Singapore plans hedge-fund capital
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SINGAPORE: Singapore is planning to create its own hedge-fund capital modelled after Greenwich, Connecticut, in a cluster of ex-British army homes called Nepal Hill, a 15-minute cab-ride from the city-state's main banking district.
 
The Motley Fool: Consider more than broker's price
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Got a question for the Fool? Send it in care of this newspaper. Q: What do brokerages charge for trading stocks? - K.M., Goshen, Ind.
 
Connecticut Banks Return To Black In 2009
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Although 15 of Connecticut's 55 federally insured banks were unprofitable in 2009, earnings for the industry soared last year overall compared to a dismal 2008.
 
Atlantic City visitors change with the times - Cherry Hill Courier Post
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Atlantic City visitors change with the times
Cherry Hill Courier Post
The formula rolled merrily along for years, even as places such as Delaware and Connecticut entered the East Coast casino marketplace. ...

and more »
 
Lenders hoarding up to $1.29 trillion
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U.S. lenders, criticized for being too reckless in the past and too stingy in the present, have been sitting on as much as $1.29 trillion in cash, equal to a record 98 cents for every dollar of existing business loans.
 
DeLeo speech stirs pot over gambling expansion - Daily News Transcript
Full Story

Boston Globe

DeLeo speech stirs pot over gambling expansion
Daily News Transcript
“Our plan will be to become the gatekeeper of Mass. residents currently passing by our facility on the way to Rhode Island and Connecticut,” where large ...
Slots stumble at the gateWorcester Telegram
WIN SOME, LOSE SOME ; DeLeo backs 2 casinos, but his slots bet is
 
OR pension fund considering stake in banks
Full Story
The deal's unusual structure and hefty fees raise concerns, particularly in light of the Oregon Investment Council 's recent insistence that it would push for better terms, more transparency and better corporate governance from investment managers it does business with.
 

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