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Washington Trust Co. Q4 Net Off 20 Percent
Wednesday, January 28, 2009 (121 reads)
The Rhode Island parent company of The Washington Trust Co., which operates three branches in Mystic, has declared fourth quarter 2008 net income of $4.6 million, compared to fourth quarter 2007 net income of $5.8 million, a drop of more than 20 percent.
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NewAlliance Down Nearly 12 Percent In Q4
Wednesday, January 28, 2009 (144 reads)
New Haven’s NewAlliance Bancshares, the holding company for NewAlliance Bank, has declared net income for the fourth quarter of $9.6 million, compared to $10.9 million during the fourth quarter of 2007, a drop of almost 12 percent.
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Hubbell Up Slightly In ’08, Bracing For Rough ’09
Wednesday, January 28, 2009 (105 reads)
Hubbell Inc., the Orange-based manufacturer of electrical and electronic products for construction purposes, has declared net income in the fourth quarter of 2008 of $46.3 million, compared to $48 million at the same time in 2007, a nearly 4 percent dip.
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Fed To Hold Rates Near Zero, Mulls Other Tools
Wednesday, January 28, 2009 (142 reads)
The Federal Reserve resumed a policy meeting Wednesday that some investors hoped might end with a signal it was moving closer to buying long-term U.S. government bonds now that its traditional interest rate cutting tools have been exhausted.
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East Lyme Warehouse Changes Hands For $850K
Tuesday, January 27, 2009 (211 reads)
A 20,000-square-foot warehouse at 12 Colton Road in East Lyme has been sold for $850,000, according to the broker and information obtained from The Warren Group, The Commercial Record’s parent company.
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West Hartford, Shelton CPA Firms Merge
Tuesday, January 27, 2009 (207 reads)
West Hartford-based certified public accountants Blum, Shapiro & Co. P.C. and Shelton CPA firm Nishball, Carp, Niedermeier, Pacowta & Co. (NCNP) have merged.
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Hartford Mayor To Address Bribery Charges
Tuesday, January 27, 2009 (139 reads)
Hartford Mayor Eddie A. Perez is scheduled to hold a news conference at noon to discuss several charges, including bribery, brought against him related to home renovations done by a contractor who has performed millions of dollars of work for the city.
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New York Fed Names Dudley Its New President
Tuesday, January 27, 2009 (108 reads)
William Dudley, the New York Federal Reserve's chief trader, will succeed Timothy Geithner at the helm of the most important regional Fed bank, the New York Fed said Tuesday.
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