Griffin Barely Profitable In Q2
Thursday, July 10, 2008 (121 reads)
Griffin Land & Nurseries, parent company of Bloomfield-based real estate firm Griffin Land, has reported a second quarter operating profit of just $41,000, a whopping 99 percent decline in profits compared to the second quarter of last year.
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Connecticut Insurance Dept. Fines Vermont Co.
Thursday, July 10, 2008 (128 reads)
The Connecticut Insurance Department has fined Vermont Mutual Insurance Co. $144,000 for having 104 agents who were not appointed, and 15 agents who were not licensed in accordance with Connecticut law.
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Former Fed President: Fannie, Freddie ‘Insolvent’
Thursday, July 10, 2008 (281 reads)
Mortgage lenders Fannie Mae and Freddie Mac are "insolvent" and may need a U.S. government bailout, former St. Louis Federal Reserve President William Poole was quoted as saying in an interview with Bloomberg.
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E. Hartford, Glastonbury Office Buildings Sold
Wednesday, July 09, 2008 (178 reads)
New Boston Fund, a private equity real estate investment, development and management firm, has sold four office buildings in East Hartford and Glastonbury to NPV/Direct Invest, which has offices in Boston.
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Student Loan Corp. To Cut 174 Jobs
Wednesday, July 09, 2008 (298 reads)
The Stamford-based Student Loan Corp., a subsidiary of Citibank, will eliminate 146 jobs and a further 28 positions in Citibank's South Dakota office, the company said today.
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Insurance Exec Sees Insurers' Returns Eroding
Wednesday, July 09, 2008 (100 reads)
John Charman, chief executive of Bermuda-based Axis Capital, says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns.
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