Conntact.com - CT Business News Journal

NORWALK, Conn.--(BUSINESS WIRE)--The Governmental Accounting Standards Board (GASB) today proposed that state and local governments should present five-year projections of cash inflows, cash outflows, and financial obligations that would accompany their financial statements as required supplementary information. The objective of this requirement is to better enable taxpayers, bond holders, and other interested parties to assess a government’s financial health. The GASB is seeking public comment

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Foundation (FAF) announced today that, as part of its oversight of the Governmental Accounting Standards Board (GASB), it has commissioned an independent and comprehensive academic study on the purposes of financial accounting and reporting of state and local governments. The study will examine the role of financial reporting standards and guidelines issued by the GASB in enabling users of governmental financial reports to assess the acco

ATLANTA--(BUSINESS WIRE)--Disaster survivors should not wait to settle with their insurance company before applying for disaster loan assistance. The SBA encourages survivors of the apartment building fire in West Springfield, Massachusetts that occurred on April 30, 2011 to return their completed applications, even if they have not settled with their insurance company. “Waiting to file an SBA application could cause unnecessary delays in receiving disaster assistance, and the survivors may miss

AVON, Conn.--(BUSINESS WIRE)--As America’s service members face wars and conflicts on multiple fronts and assist with recovery efforts in response to natural and man-made disasters here at home, the possibility of experiencing a traumatic event or the loss of a friend or colleague is great. While significant progress has been made in recognizing and treating mental health conditions such as post traumatic stress disorder, the stigma associated with mental illness means that those who need help o

WASHINGTON--(BUSINESS WIRE)--According to research from the Institute for Women’s Policy Research, access to paid sick days among employees in Connecticut is associated with positive health outcomes.

BOSTON--(BUSINESS WIRE)--A new 50-state analysis detailing the significance of the U.S. skilled nursing sector to the strength of America’s economy finds nursing facility-generated economic activity is $16.27 billion annually in the New England region, with 131,802 jobs tied directly to this key state economic driver and employer. The total number of jobs resulting from total nursing facility activity is 192,228 – thus making the skilled nursing sector the region’s second largest health facility

LOUISVILLE, Ky.--(BUSINESS WIRE)--The U.S. Environmental Protection Agency (EPA) today announced that GE Appliances & Lighting has been awarded the ENERGY STAR® Sustained Excellence Award for the sixth straight year.

MORRISTOWN, N.J.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today launched a series of national symposia, “Small Business, Big Opportunity,” to raise awareness and seek solutions for the issues facing small businesses across the country. At its first small business forum, held in Morristown, N.J., the Travelers Institute brought together business, government and community leaders to discuss recommendations for promoting job

NORWALK, Conn.--(BUSINESS WIRE)--IMS Health today introduced the IMS Institute for Healthcare Informatics – a new initiative that will leverage collaborative relationships in the public and private sectors to strengthen the vital role of information in advancing healthcare globally. The IMS Institute is focused on objective, relevant insights and research that will accelerate understanding and innovation critical to sound decision making and improved patient care. With access to the company’s ex

ATLANTA--(BUSINESS WIRE)--May 2 is the SBA’s deadline for private non-profit organizations in Connecticut to apply for disaster loans for physical damage as a result of the snowstorm on Jan. 11-12, 2011.

WASHINGTON--(BUSINESS WIRE)--Teleconference today with Connecticut Rep. Zeke Zalaski to discuss the potential impact of paid sick days legislation on businesses.

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) announced today the formation of a Trustee Working Group to address the important topic of accounting standard setting for nonpublic entities. The establishment of the Working Group represents a major development in the FAF’s ongoing work on this key strategic priority. As a first step in the process to look at one component of this issue, the FAF created the Blue-Ribbon Panel on Standard Setting

WASHINGTON--(BUSINESS WIRE)--IWPR will host a press teleconference Monday, February 28 at 11 a.m. E.T. on the impact of paid sick days legislation.

BOSTON--(BUSINESS WIRE)--The New England Power Generators Association, Inc. (www.nepga.org) cautions Connecticut policy-makers against embracing Governor Malloy’s proposed tax on Connecticut electric generators, warning of unavoidable rate increases, and unintended impacts on other revenue sources, and on cities and towns. The Association, whose member plants represent 96% of the total generating capacity in Connecticut, believes this tax will not come close to generating the promised $58 millio

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Foundation (FAF) today announced that Thomas J. Linsmeier has been appointed to a second five-year term as a member of the Financial Accounting Standards Board (FASB) beginning July 1, 2011. The reappointment was made by the FAF Board of Trustees, which oversees the activities of the FASB and the Governmental Accounting Standards Board. John J. Brennan, FAF chairman, stated, “Tom Linsmeier’s broad understanding of the securities markets,

STAMFORD, Conn.--(BUSINESS WIRE)--Frontier Communications Corporation (NYSE: FTR) commends the Federal Communications Commission (FCC) for taking a crucial first step today in reforming both intercarrier compensation and the Universal Service Fund through a Notice of Proposed Rulemaking. “Today’s FCC action to initiate reform of intercarrier compensation and the Universal Service Fund is an important first step towards ensuring America’s broadband future by fixing a broken system,” said Kathleen

STAMFORD, Conn.--(BUSINESS WIRE)--L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity solutions and services, today announced the completion of the sale of the L-1 intelligence services businesses (SpecTal, LLC, Advanced Concepts, Inc. and McClendon, LLC) to BAE Systems, Inc. As previously announced, the purchase price includes $295.8 million in cash and approximately $7.2 million of certain assumed obligations for a total value of $303.0 million. With the BAE Systems transac

ATLANTA--(BUSINESS WIRE)--The U.S. Small Business Administration is reminding disaster victims in Connecticut that March 8 is the filing deadline for federal economic injury disaster loans. Small businesses, small agricultural cooperatives and private non-profit organizations of all sizes throughout Connecticut may apply for disaster loans due to the above normal temperatures and warm nights resulting in insufficient chill hours for maple sap production that occurred from February 15 through Apr

ATLANTA--(BUSINESS WIRE)--The U.S. Small Business Administration is reminding businesses in Connecticut that Economic Injury Disaster Loans are still available to small businesses and non-profit organizations of all sizes affected by the severe storms and flooding that occurred from March 12 through May 17, 2010. “Small businesses and non-profit organizations that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before

NEW HAVEN, Conn.--(BUSINESS WIRE)--Supreme Knight Carl A. Anderson today expressed “profound sadness” at the shooting deaths of U.S. District Court Judge John M. Roll and five others in Tucson on Saturday. He asked the 1.8 million members of the Knights of Columbus and their families to pray for the recovery of Rep. Gabrielle Giffords and 12 other people who were seriously injured in the attack, and for the repose of the souls of those who died. Judge Roll, who was the chief judge for the Distri

ATLANTA--(BUSINESS WIRE)--The U.S. Small Business Administration reminds eligible Private Non-Profit Organizations (PNPs) located in Fairfield, Middlesex and New London counties in Connecticut that Jan. 24, 2011 is the deadline to submit loan applications. These Economic Injury Disaster Loans are available because of severe storms and flooding that occurred on March 12 through May 17, 2010. The SBA offers these loans to help meet working capital needs, such as ongoing operating expenses for elig

FAIRFIELD, Conn.--(BUSINESS WIRE)--GE announced today that it has advised the EPA that it will perform the second and final phase of the Hudson River dredging project.

HARTFORD, Conn.--(BUSINESS WIRE)--Governor M. Jodi Rell today announced that a key provision of the bipartisan Jobs Bill is triggering a $72 million investment in at least 25 Connecticut small businesses, helping to create jobs.