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Goodwill Is Costly For United Rentals
Tuesday, January 20, 2009 (158 reads)

Greenwich commercial construction equipment rental firm United Rentals anticipates recording a $1.1 billion fourth-quarter impairment charge related to goodwill arising out of acquisitions made by the company between 1997 and 2000.

Lawmakers Pushing Hartford-Waterbury Train Service
Tuesday, January 20, 2009 (127 reads)

Two Connecticut lawmakers are calling for the re-establishment of commuter rail service between Hartford and Waterbury, saying it would ease traffic on heavily congested Interstate 84.

Conn. Mortgage Rates Hover At 5 Percent
Tuesday, January 20, 2009 (117 reads)

The average 30-year fixed mortgage rate in Connecticut rose last week, ending the week at exactly 5 percent, compared to 4.96 percent the week prior, according to online mortgage tracker Zillow.

Report: Conn. Drivers Likely To Fight Toll Ideas
Tuesday, January 20, 2009 (103 reads)

Consultants studying the possibility of reinstating tolls on some Connecticut highways are warning that officials could face a tough battle from the public.

State Street Net Falls; Unrealized Losses Climb
Tuesday, January 20, 2009 (105 reads)

Boston-based investment firm State Street Corp. said quarterly earnings fell 71 percent and unrealized losses rose in its commercial paper program and investment portfolio, sending its shares down 37 percent in premarket trading.

Salisbury Bank & Trust Receives Preliminary CPP Approval
Monday, January 19, 2009 (156 reads)

Salisbury Bancorp Inc., the holding company for Salisbury Bank and Trust Co., has received preliminary approval from the U.S. Treasury to participate in its Capital Purchase Program to the tune of $8.8 million.

Conn. CLASS funds Triple A-OK
Monday, January 19, 2009 (115 reads)

Fitch Ratings has affirmed the 'AAA/V1+' ratings assigned to the Connecticut Cooperative Liquid Assets Securities System (CT CLASS) and Connecticut CLASS Plus (CT CLASS Plus). Both funds are local government investment pools.

Trentacosta Takes The Reigns At Newtown Savings
Monday, January 19, 2009 (149 reads)

John F. Trentacosta has been named the chief executive officer of Newtown Savings Bank, succeeding John Martocci, who retired as CEO Dec. 31.

Gutierrez Accepts BOMA Award, Nomination
Monday, January 19, 2009 (122 reads)

After accepting the member of the year award from the Building Owners and Managers Association of Southern Connecticut (BOMA), Jodi Gutierrez, vice president of property management for George Comfort & Sons, also accepted the vice presidency position with BOMA for the coming year.

Record Loss At RBS, Shares Slide To 23-Year Low
Monday, January 19, 2009 (162 reads)

Royal Bank of Scotland, which owns Rhode Island-based Citizens Bank, unveiled the biggest loss in British corporate history on Monday, overshadowing a second government bailout for the sector and sending its shares reeling to a 23-year low.