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Odyssey Re Comes Through Stormy Q3 Unscathed
Friday, October 31, 2008 (75 reads)
Stamford insurance holding company Odyssey Re Holdings Corp. reported net income of $123.2 million in the third quarter, up almost 8 percent compared to the same quarter last year.
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U.S. Consumer Spending Drops In Sept.
Friday, October 31, 2008 (148 reads)
U.S. consumers cut their monthly spending for the first time in two years during September, evidently bracing for hard times as jobs continue to disappear and credit conditions tighten.
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Phoenix Loses $340M In Q3
Thursday, October 30, 2008 (98 reads)
Hartford financial planning company The Phoenix Cos. has reported a net loss of $339.5 million in the third quarter, compared to a profit of $34.8 million at the same time last year.
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Securities Snafus Cost New England Bancshares $2.5M
Thursday, October 30, 2008 (125 reads)
New England Bancshares, holding company for Enfield Federal Savings and Loan Association and Valley Bank, reported a net loss for the quarter ended Sept. 30 of $2 million, compared to net income of $247,000 reported for the same quarter a year ago.
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Lawyers Help New Haven Stay Full
Thursday, October 30, 2008 (143 reads)
The growth of several law firms in downtown New Haven helped lower the city’s vacancy rate to 13.7 percent in the third quarter, according to commercial real estate firm Colliers Dow & Condon.
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National Economy Recedes In Q3
Thursday, October 30, 2008 (98 reads)
The U.S. economy shrank at a 0.3 percent annual rate in the third quarter, its sharpest contraction in seven years as consumers cut spending and businesses reduced investment in the face of rising fears that recession was setting in.
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