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Prudential: Conn. Single Family Sales Down 27 Percent
Tuesday, July 29, 2008 (601 reads)

Single-family home sales in Connecticut fell 27 percent year-over-year in the first half of 2008, although there are a handful of bright spots in certain counties, according to a new report from Rocky Hill-based Prudential Connecticut Realty.

The Hartford Down More Than 50 Percent In First Half
Tuesday, July 29, 2008 (119 reads)

Hartford insurer The Hartford Financial Services Group reported net income for the first half of 2008 of $688 million, a 54 percent year-over-year decrease compared to the same period in 2007.

Class Action Filings Nearly Double In Past Year
Tuesday, July 29, 2008 (281 reads)

Driven largely by continuing turmoil related to the subprime mortgage/credit crunch, securities-related class action lawsuit filings have nearly doubled in the year-ended June 30, according to a report released today by Cornerstone Research, in cooperation with Calif.-based Stanford Law School's securities class action clearinghouse.

Corporate Audits Getting Less Expensive
Tuesday, July 29, 2008 (101 reads)

Audit fees paid by S&P 500 companies with more than $1 billion in annual revenue increased by “only” 3.2 percent in 2007 over audit costs in 2006, according to a study by Compliance Week magazine.

Emcor Up Big In Q2
Tuesday, July 29, 2008 (127 reads)

Norwalk mechanical and electrical construction company Emcor Group reported a 68 percent increase in net income in the second quarter compared to the same period a year ago.

Chicago Insurer Fined $96K For Noncompliance
Monday, July 28, 2008 (129 reads)

Chicago-based commercial insurer CNA Financial Corp. has been fined $96,000 by the Connecticut Insurance Department for incorrectly licensing and appointing agents, loss of use and inadequate notice of renewal for commercial lines in Connecticut.

GE Streamlines Business Operations, Promotes UConn Alum
Monday, July 28, 2008 (130 reads)

Fairfield-based General Electric has streamlined its business operations, from six segments down to four, and has promoted University of Connecticut alumnus John Krenicki to a vice chairman position.

U.S. Deficit Seen Near $490B In Fiscal 09
Monday, July 28, 2008 (114 reads)

The Bush administration Monday plans to project the U.S. budget deficit will soar to a new record of nearly half a trillion dollars in fiscal 2009 as the economic outlook darkens.

DiDonato Named Senior Partner At Sorin Capital
Monday, July 28, 2008 (111 reads)

Stamford investment firm Sorin Capital Management has named Brian R. DiDonato a senior partner and member of the company’s investment committee.

Travelers Travels Together To Third Place Finish
Monday, July 28, 2008 (116 reads)

Employees of insurance giant Travelers Cos., which has offices in Hartford, managed to cobble together more than 8,500 shared commuter miles during the recent Tri-State Five Million Mile Rideshare Challenge, good enough for third place regionally.