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Financial Sector

October 20, 2016

Connecticut Faces Third Straight Month of Job Losses, Though Its Unemployment Rate Continues to Fall

by Christine Stuart | Oct 20, 2016 12:41pm
Posted to: The Economy | Energy Sector | Technology sector | Leisure & Hospital Sector | Manufacturing Sector | Financial Sector | Trade, Transportation, Utilities Sector | Jobs | Labor

shutterstock Connecticut shed 5,200 jobs in September after losing 300 it thought it gained in August, according to the latest estimates from the Connecticut Labor Department.

Continue reading "Connecticut Faces Third Straight Month of Job Losses, Though Its Unemployment Rate Continues to Fall" »

September 19, 2016

July Job Gains Turn Into Job Losses

by Christine Stuart | Sep 19, 2016 12:32pm
Posted to: The Economy | Energy Sector | Technology sector | Leisure & Hospital Sector | Manufacturing Sector | Financial Sector | Trade, Transportation, Utilities Sector | Jobs | Labor

shutterstock Connecticut’s labor market fell off a cliff in July and was unable to make up all of the losses in August, according to the latest numbers released by the Connecticut Department of Labor.

Continue reading "July Job Gains Turn Into Job Losses" »

September 9, 2016

OP-ED | Who’s Minding the Store?

by Sarah Darer Littman | Sep 9, 2016 8:59am
Posted to: Analysis | Economic Development | Jobs | Opinion | Taxes | Stamford | Financial Sector

DECD's 2015 Annual Report
Earlier this week, Dealbreaker wrote a snark piece about how UBS Stamford’s trading floor transformation into “Connecticut’s largest laser tag arena” was “nearly complete.”

Continue reading "OP-ED | Who’s Minding the Store?" »

August 26, 2016

OP-ED | First Five Report Doesn’t Tell Us Much

by Sarah Darer Littman | Aug 26, 2016 8:00am
Posted to: Analysis | Business | Corporate Watch | Economic Development | Jobs | Opinion | Taxes | Financial Sector

CT.GOV
Curious taxpayers finally got a look at the state Department of Economic and Community Development’s long-awaited analysis of the First Five Plus economic incentive program on Tuesday. The document raises as many questions as it purports to answer.

Continue reading "OP-ED | First Five Report Doesn’t Tell Us Much" »

August 15, 2016

Malloy Responds To Trump’s Criticisms, Touts Summer Meal Program

by Christine Stuart | Aug 15, 2016 2:11pm
Posted to: Economic Development | The Economy | Technology sector | Financial Sector | Election 2016 | State Budget | Taxes | White House | East Hartford | Fairfield

Christine Stuart photo Republican presidential nominee Donald Trump pulled no punches Saturday when it came to the performance of Connecticut’s Democratic Gov. Dannel P. Malloy.

Continue reading "Malloy Responds To Trump’s Criticisms, Touts Summer Meal Program" »

June 3, 2016

OP-ED | Lembo Wisely Draws The Line On Crony Capitalism

by Terry Cowgill | Jun 3, 2016 5:30am
Posted to: Analysis | Business | Economic Development | FOIA | State Budget | Taxes | Transparency | Financial Sector

Christine Stuart file photo
The news last week provoked an uneasy mixture of disgust and resignation. Only weeks after the General Assembly passed a budget that included lay-offs of state employees and cuts in services, the state Bond Commission approved $22 million in loans and grants for the world’s largest hedge fund whose chief is ranked ninth on the Forbes 2016 list of hedge fund managers.

Continue reading "OP-ED | Lembo Wisely Draws The Line On Crony Capitalism" »

June 1, 2016

Banking Department Says Tribal Payday Lending Companies Don’t Have Sovereign Immunity

by Christine Stuart | Jun 1, 2016 5:30am
Posted to: Business | Consumer Protection | Legal | Tribes | Financial Sector

Connecticut’s Department of Banking has concluded that two payday lending companies owned by the Otoe-Missouri Tribal Nation are not protected by sovereign immunity and can be pursued by the department for violating Connecticut’s lending laws.

Continue reading "Banking Department Says Tribal Payday Lending Companies Don’t Have Sovereign Immunity" »

May 24, 2016

State To Give Hedge Fund Money for Expansion, Job Creation

by Christine Stuart | May 24, 2016 5:30am
Posted to: Business | The Economy | Financial Sector | Norwalk | Westport | Wilton

Courtesy of the DECD Plans to build a new waterfront headquarters in Stamford were scuttled, but the world’s largest hedge fund regrouped and will still receive money from the state to expand its footprint in Westport.

Continue reading "State To Give Hedge Fund Money for Expansion, Job Creation" »

May 19, 2016

Two Wall Street Firms Downgrade Connecticut Bonds

by Christine Stuart | May 19, 2016 3:17pm
Posted to: Business | The Economy | Financial Sector | State Budget | Pensions | Taxes | State Capitol | Wall Street

Two of the four Wall Street rating agencies lowered Connecticut’s credit rating one notch prior to an upcoming bond sale.

Continue reading "Two Wall Street Firms Downgrade Connecticut Bonds" »

May 12, 2016

Financial Services Corp. Warns Against Changes to Public Retirement Program

by Christine Stuart | May 12, 2016 5:30am
Posted to: Business | The Economy | Financial Sector | Jobs | Legal | Special Session | Pensions

A Fortune 100 financial services organization on Tuesday warned top lawmakers and Gov. Dannel P. Malloy that the revisions proposed to a state-run retirement program could end up costing individuals who participate in the plan.

Continue reading "Financial Services Corp. Warns Against Changes to Public Retirement Program" »

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