In a draft decision released Wednesday, the Public Utilities Regulatory Authority reversed its position that it did not have the authority to review a proposed merger between Northeast Utilities and Massachusetts-based NSTAR.

Continue reading "Regulators Reverse Utility Merger Decision" »

Tags: Northeast Utilities, NSTAR, merger, jepsen, PURA, Hugh McQuaid

As protesters prepare to start occupying New Haven’s upper Green this weekend, they’re hoping a veggie oil-powered box truck will create a supply network to keep similar going in New York City and in cities throughout the East Coast.

Continue reading "New Haven’s ‘Occupation’ Takes Shape" »

LIBERTY PARK—The money trail behind the burgeoning movement of protestors occupying Wall Street leads not to a money market or an off-shore account, but to a giant soup pot stuffed with dollar bills.

Continue reading "Anti-Bankers’ Dilemma: How To Process $$" »

Activists from Occupy Wall Street paid a call to Verizon Tuesday to make a connection with organized labor, as a movement against “corporate greed” gathered volume in its third week and New Haven sympathizers began plotting their own moves.

Continue reading "Wall Street Occupiers Page Verizon" »

Tags: Wall Street, Occupy, New Haven, New York

U.S. Sen. Richard Blumenthal said Thursday that the debt debate that’s certain to dominate the discussion when Congress meets again in September shouldn’t prevent Congress from passing a vital bill to protect citizens’ data privacy.

Continue reading "Blumenthal Seeks Input On Bill to Protect Consumer Data" »

Tags: Blumenthal, data privacy, corporate culture, computer, breach, UConn, Hugh McQuaid

Attorney General George Jepsen issued a statement Tuesday acknowledging the Auditors of Public Accounts had turned over their findings about misinformation allegations lodged against the Yankee Institute by the State Employee Bargaining Agent Coalition.

Continue reading "Attorney General Receives Report on Labor Misinformation Claims" »

Tags: SEBAC, jepsen, yankee institute, labor agreement, misinformation, Hugh McQuaid

Last year it was AT&T that drew the ire of union activists and advocates. This year it’s Bank of America.

Continue reading "Unions Take On Bank of America" »

Tags: Bank of America, unions, taxes

(Updated 4:30 p.m.) Former Gov. John G. Rowland was behind the microphone at WTIC 1080 Tuesday morning causing trouble for his successor and a little for himself.

Continue reading "Rowland Slams Rell on Corporate Welfare" »

West Hartford lawyers suing Webster Bank for anti-customer practices are buoyed by a Florida judge’s decision to pursue a similar class-action against the country’s big banks.

Continue reading "Class Action Targets Webster, Other Banks Over Punitive Overdraft Fee Practices" »

Stephen Blake, head of human resources for the beleaguered American International Group’s financial products division, testified Thursday at a Banks Committee public hearing on the retention bonuses the insurance giant paid to its executives after it received federal bailout funds.

Blake agreed to testify after AIG’s attorneys and the co-chairmen of the Banks Committee spent several days negotiating the 14 subpoenas they had issued to the company’s executives, none of whom agreed to testify Thursday citing numerous death threats they had received.

Blake and AIG’s attorney Ross Garber of Shipman and Goodwin repeatedly told the committee he was unable to answer several questions regarding the company’s finances or the specifics about financial instruments, such as credit default swaps. Instead Garber and Blake continued to offer up Patrick W. Shea, AIG’s outside legal counsel who drafted the opinion on why Connecticut law forced it to make these retention payments to employees.

Continue reading "Banks Committee Begins With Little Fanfare
AIG Executive Answers Few Questions" »