February 26, 2010
ESPN parent company inks $2.25Bdeal
New credit arrangement by parent company Walt Disney Company used to support commercial paper.
February 26, 2010
ATM president scams $11M from CT-based bank
Federal prosecutors have charged an executive of Mount Vernon Money Centers for stealing from Webster Bank, based in Waterbury, CT.
November 27, 2009
Berkshire County unemployment numbers fall
Unemployment numbers fall to 7.7% from a previous 8.3%. Is the decline significant in such a slow recovery?
October 22, 2009
Swine flu helps area businesses
A handful of regional drug makers are pushing to get H1N1 vaccines to the masses.
August 18, 2009
A restored Plymouth Superbird might fetch a princely sum as the owner attempts to sell his investment.
August 18, 2009
CT biotech firm gets another $5M from investors
Startup Kolltan Pharmaceuticals is poised to continue development on a tumor-fighting drug.
August 6, 2009
Feeling the urge to splurge? Unlimited spending is not the goal, but consumers are ready to hit the stores again.
July 2, 2009
Millionaires don't feel like a million
In spite having upwards of $3.5M in investable assets, close to half of millionaires just don't feel that wealthy. What gives?
June 16, 2009
Governor Deval Patrick signs new bill
Legislation is designed to close loopholes in the state's pension system.
June 16, 2009
AETNA breathes big sigh of relief
Court dismisses two year old case against the Hartford, CT-based insurer accused of using improper pricing strategies.
June 16, 2009
CT legislation shortens bank mergers
Governor Jodi Rell signs law that shortens amount of time a healthy bank can acquire assets of a failed bank.
June 16, 2009
A snapshot of business briefs coming from western New England.
June 16, 2009
Former General RE officer given probation
John Houldsworth, the former chief executive officer of an Irish affiliate of Berkshire Hathaway's General Re, was also fined $5,000 and ordered to perform 400 hours of community service during the probation period.
June 1, 2009
The Travelers Companies, based in Hartford, Connecticut, takes a place onto the Dow Jones stock index displacing troubled CitiGroup.
June 1, 2009
Gas prices rise in time with good weather
For the eighth consecutive week, the average price of regular unleaded has gone up $.08/gallon.
May 19, 2009
CT based mortgage firm to settle
Mortgage Lenders Network is expected to settle employees' suit against them for $2.7M
May 4, 2009
CT state treasurer okay with BofA chairman stepping down
Among shareholders and directors alike, the CT state treasurer is breathing a sigh of relief.
May 4, 2009
Banking activity in western Massachusetts prompts promotion of senior level executives.
May 4, 2009
Overland carriers feeling the pinch of a tight economy.
April 14, 2009
MassMutual layoffs to be permanent
Up to 65 full time employees are expected to lose their jobs.
April 14, 2009
Local marketing firm gets state loan to expand
Suffield, CT-based Windsor Marketing Group is receving a $2 million loan from Connecticut to help with their physical expansion.
March 26, 2009
Liberty Mutual to pay Connecticut big fines
State of Connecticut has ordered Liberty Mutual to pay fines and restitution for over charging customers.
March 20, 2009
What keeps a CT CEO up at night? Read some of their comments.
March 20, 2009
Boehringer Ingleheim Pharmaceuticals plans to grow
Connecticut-based firm plans on expanding their footprint in the towns of Danbury and Ridgefield.
March 11, 2009
Global demands heads south forcing Connecticut's largest employer to make some difficult decisions.
February 25, 2009
CT auto dealers continue meltdown
Auto dealers across Connecticut continue to go out of business as the nation's economy continues its slow burn.
February 25, 2009
The dividend payout scheduled for May 1 will be affected.
February 9, 2009
New jobs, new workers, new thinking
Being inventive taking a second, even non-traditional job can be worth investigating in these troubled times.
February 6, 2009
Crowded job fairs speak volumes
Over 800 individuals show up for approximately 50 positions at this Connecticut job fair.
February 6, 2009
Mortgage restrictions cuff consumers
In Connecticut and throughout New England, new details in the fine print make it more challenging for homeowners to refinance their mortgages.
February 6, 2009
Unemployment benefits extended
Massachusetts residents who have exhausted their unemployment may be eligible for an additional 13 weeks
December 18, 2008
The U.S. Navy has awarded Connecticut based Sikorsky Helicopters a multi-year contract for 42 helicopters.
November 24, 2008
Auto dealers in western MA see a few bright spots.
November 24, 2008
Tool makers & designers needed. Now!
Overall, Connecticut manufacturing may be down, but certain specialty skills in that sector are in need of workers. And the need is "right now."
November 12, 2008
MassMutual standing on its own
Insurance giant is not going to seek Federal bailout money but remains cautious going forward.
November 12, 2008
VBrick Systems, Inc. of Connecticut draws VCs
Creator of special electronic device can stream both live and stored video onto the Internet.
November 12, 2008
Hartford Steam Boiler & Insurance to get aid
Parent company of HSB&I to get Federal aid in exchange for partial ownership.
October 8, 2008
CT nascent fuel-cell technology likely to grow
The Federal bail-out package is likely to help several Connecticut companies focused on energy efficiency.
October 6, 2008
Allianz SE to invest in Hartford Financial Services Group, Inc.
The giant German financial services firm will invest $2.5b to strengthen financial position in turbulent markets.
October 6, 2008
Residents of the richest state in the U.S. to benefit from the federal plan.
September 30, 2008
Guiliani impresses importance of bail out plan
While campaigning for John McCain in New Hampshire, former NYC Mayor Rudy Guliani espouses the signifiance of the Federal bail out plan.
September 30, 2008
Are CT commercial lenders worried?
According to this report, the Federal bail out will have little if any affect on Connecticut's lending institutions.
September 30, 2008
Small business powers refrigerator in novel way
This Ridgefield, CT gym uses cycle power to keep things nice and chilly. In the 'fridge, that is.
September 26, 2008
Home foreclosures continue to rise
Residential properties continue to suffer foreclosure activity in much of western Massachusetts.
September 26, 2008
The state's turnpike authority discussing ways to reduce debt by raising tolls across I-90.
September 26, 2008
Trendy Northampton vies to keep business alive
Local storekeepers from Main Street to Thornes adapt to the new pressures brought on by the financial crisis.
September 26, 2008
Columnist offers a different take on a Greenwich, CT mansion formerly owned by an indicted securities advisor.
September 23, 2008
Aetna permits review of canceled insurance policies
Aetna allows patients to have their cases reviewed by a panel of independent physicians.
September 23, 2008
MA braces for state-wide program cuts
Citing a reduction in revenues and the fallout from the financial crisis, lawmakers are preparing for worse-case scenarios as the bailout plan takes shape to help troubled investment banks.
September 23, 2008
Falmouth Hospital receives $10M gift
A Cape Cod couple donated $10 million to the local hospital in order to create a new oncology treatment facility.
September 18, 2008
Merrill Lynch and Bank of America deep in CT
Their roots are here in Connecticut, but do these roots run too deep? How will communities tied to these institutions fare in light of the ongoing, ever-changing financial market crisis?
September 18, 2008
There are signs, but you have to know what to look for, where too look and when. Find out here.
September 18, 2008
Ice River Springs gets reprieve
In an effort to promote business, Canda's Ice River Springs is now allowed to build a production plant for their bottled water products.
September 18, 2008
Money markets caught in the turmoil
Experts suggest not to put your cash under the mattress. There may be a "domino effect" but this may be more emotional than actual.
September 8, 2008
Are you a downsizing survivor?
Professionals still left standing at their companies can be just as stressed as those who've been let go. Learn how to survive the changes and expectations of a new order without your colleagues.