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Treasury To Buy $4M Stake In SBT
Thursday, February 05, 2009 (520 reads)

SBT Bancorp, parent company of Simsbury Bank & Trust Co., has received approval to receive $4 million under the Treasury's Capital Purchase Program, in exchange for a preferred stock stake in the banking company.

U.S. Housing Market Bottom Within Sight?
Thursday, February 05, 2009 (599 reads)

U.S. housing markets from Florida to California have suffered price drops of 50 percent or more from their peak, but now, at long last, a bottom is within sight, likely in the fourth quarter, nationally, according to a report from Moody's Economy.com.

3-Acre Parcel In Putnam To Be Home To CVS
Thursday, February 05, 2009 (500 reads)

An investment group established by Milford brokerage George J. Smith & Sons Commercial & Investment Real Estate has sold a 3.1-acre parcel in Putnam, which will be the future home of a CVS Pharmacy.

New Haven A Natural Fit For Conservancy
Thursday, February 05, 2009 (475 reads)

The Nature Conservancy has leased an entire 11,760-square-foot floor in the eight-story building at 55 Church St. in New Haven.

Odyssey Subsidiary Appoints New Underwriting Officer
Thursday, February 05, 2009 (485 reads)

Newline Underwriting Management Limited, a unit of Stamford reinsurer Odyssey Re Holdings Corp., will appoint Philip T. Foley as active underwriter of Newline Syndicate 1218 at Lloyd's.

Wilton Coldwell Banker Adds 4 Associates
Wednesday, February 04, 2009 (675 reads)

Julie Carney, Diane Millas, Susan Resch and Cindy Watkins have joined the Wilton office of Coldwell Banker Residential Brokerage as independent sales associates.

Fines Collected By CID Way Up In ’08
Wednesday, February 04, 2009 (318 reads)

The Connecticut Insurance Department’s Market Conduct Division collected more than $4.1 million in fines for the state’s general fund in 2008, up 215 percent over 2007.

U.S. Commercial Property Values Post Big Quarterly Decline
Wednesday, February 04, 2009 (287 reads)

U.S. commercial property prices by institutional investors posted their greatest quarterly fall in 22 years, according to an index developed by the Massachusetts Institute of Technology Center for Real Estate.

Revenues At Avon’s COCC Up 9 Percent In ’08
Wednesday, February 04, 2009 (264 reads)

Avon-based COCC, the largest independent check image processor in New England and a provider of technology services to financial institutions, has reported a 9 percent bump in revenue for 2008, to $59.5 million.

Obama To Set Executive Pay Limits
Wednesday, February 04, 2009 (244 reads)

U.S. President Barack Obama kicks off a campaign Wednesday to rein in corporate compensation with rules limiting executive pay to $500,000 a year for companies getting taxpayer bailout funds in the future.