Commercial Record E-News


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Futures Frozen After Steep Plunge
Friday, October 24, 2008 (136 reads)

U.S. stock index futures tumbled so sharply Friday they had to be frozen at several points, as markets tumbled on signs the global economy is in the throes of recession.

Savings Institute Posts $7.1M In Q3 Securities Losses
Thursday, October 23, 2008 (233 reads)

SI Financial Group, parent company of Willimantic’s Savings Institute Bank and Trust Co., reported a net loss of $4.7 million in the third quarter, largely because of securities losses.

FTC Extends Red Flag Deadline
Thursday, October 23, 2008 (303 reads)

The Federal Trade Commission will suspend enforcement of the new "Red Flags Rule" until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs.

Subway Subleases 28,000 S.F. In Milford
Thursday, October 23, 2008 (307 reads)

Subway Shipping Co., the distribution arm of Milford-based Subway sandwich restaurant chain, has subleased 28,000 square feet of warehouse space in Milford.

Rell: Overseas Banks Committed To Connecticut
Thursday, October 23, 2008 (162 reads)

Gov. M. Jodi Rell says officials from several overseas banks have assured her of their commitment to keep doing business in Connecticut.

Boston Fund Invests In Connecticut Portfolios
Thursday, October 23, 2008 (195 reads)

A Boston real estate investment fund has completed two loans to help finance two portfolios that include apartment and industrial properties in Waterbury, Southington, Wolcott and East Hartford.

Lincoln Expands Into Connecticut
Wednesday, October 22, 2008 (415 reads)

Global commercial real estate firm Lincoln Property Co. is expanding into Connecticut with a new office in Stamford.

‘Catastrophic’ Q3 Costs Travelers $682 Million
Wednesday, October 22, 2008 (162 reads)

Massive catastrophe losses in the third quarter cut 82 percent out of The Travelers Cos. earnings compared to the same period last year, the company said today.

'Notch' Dispute Revived Between Conn., Mass.
Wednesday, October 22, 2008 (325 reads)

A centuries-old dispute between Connecticut and Massachusetts over a border area known as the "notch" is heating up again.

Aetna First To Offer Records In Online ‘HealthVault’
Wednesday, October 22, 2008 (124 reads)

Aetna Inc. is becoming the first health insurer to team with Microsoft Corp. to give its customers an Internet-based vault for storing medical records they can access even if they change jobs or leave their health plan.