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HFMWeek Daily Snapshot - 8 September - HFMWeek
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HFMWeek Daily Snapshot - 8 September
HFMWeek
Amlicke is based in Connecticut, and reports to William Ferri, who was promoted as global head of UBS's alternative investments when Scoby left. ...

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BofA, JPMorgan Can Only Watch as U.S. Bancorp, PNC Seek Targets
Full Story
U.S. Bancorp and PNC Financial Services Group Inc. may lead the biggest boom in bank takeovers since 2007, and this time, the largest lenders can only sit and watch.
 
Thomas Scott McBriarty Joins the Ranks of Leading Professionals - 24-7PressRelease.com (press release)
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Thomas Scott McBriarty Joins the Ranks of Leading Professionals
24-7PressRelease.com (press release)
He also attained a teaching certificate in manufacturing technology in Connecticut. He is a member of The American Legion, Disabled American Veterans and ...

 
Bob Diamond takes over the top job at Barclays
Full Story
MAJOR change swept through the boardrooms of two of Britain's "big four" banks yesterday as Bob Diamond was confirmed as the new head of Barclays and HSBC chairman Stephen Green announced he is leaving to become trade minister in the coalition government.
 
BofA, JPMorgan Can Only Watch ...
Full Story
U.S. Bancorp and PNC Financial Services Group Inc. may lead the biggest boom in bank takeovers since 2007, and this time, the largest lenders can only sit and watch.
 
The new face of Barclays has plenty to smile about
Full Story
Bob Diamond smiles formally out of his latest photograph: serious but welcoming like the Barclays branch behind him.
 
Real Beats Mexican Peso as Growth Insulated From U.S. Slump: Brazil Credit - Bloomberg
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Real Beats Mexican Peso as Growth Insulated From U.S. Slump: Brazil Credit
Bloomberg
Drug-related violence in Mexico is also shaving 1.2 percentage points off growth per year in Latin America's second- largest economy, Finance Minister ...

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Newtown keeps AA+ bond rating -- with an extra plus
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The town's bond rating remains AA+ this year, one step below the highest level attainable, but the town received a Strong Financial Management Assessment -- the highest score possible.
 
FOREX-Dollar rises on euro zone fears; yen at 15-year high
Full Story
The U.S. dollar rose against most major currencies but fell to a 15-year trough versus the yen on Tuesday as renewed concern about the health of European banks sparked aversion to risk.
 
TREASURIES-Europe worries, strong US auction boost govt bonds
Full Story
U.S. Treasuries rebounded on Tuesday after three straight losing sessions as weaker stocks, worries about Europe's financial sector and a strong three-year auction lifted debt prices.
 
After failed bid for US Senate, 'Dr. Doom' has more gloomy forecasts - Westport-News
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After failed bid for US Senate, 'Dr. Doom' has more gloomy forecasts
Westport-News
I'm not going to do it unless I have real support in the [Republican] Party here in Connecticut and real financial backing. If that were to come together, ...

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NEWSMAKER-Patience pays as Diamond grabs top Barclays job
Full Story
After 14 years at Barclays building up its investment bank into a Wall Street power, BobDiamond will have no fear that the last American chief executiveat the bank lasted just a day in the job.
 
Barclays gives Bob Diamond top job as HSBC's Stephen Green joins government
Full Story
'Casino banker' Bob Diamond's salary will soar to 1.35m with millions more in bonuses when he becomes Barclays chief By Daily Mail Reporter Last updated at 4:36 PM on 7th September 2010 Bob Diamond is due to take over next year American's appointment likely to anger ministers He'll get 1.35m salary and bonus pot up to 3.375m Banker Bob Diamond
 
Official: Obama To Back Tax Breaks For New Business Investments
Full Story
— President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.
 
Barclays Names Diamond as CEO, Strategy Unchanged
Full Story
Robert Diamond, the architect of Barclays Plc's investment banking expansion, was appointed chief executive officer and pledged to boost the bank's consumer unit.
 
2: Bob Diamond's patience pays off
Full Story
Bob Diamond personifies our schizophrenic attitude to wealth and success. On the one hand, he is a hugely successful investment banker who built a world-beater, deservedly enjoying the riches that he earned not just for himself, but for other people too.
 
AP analysis: Economic pain failed to ease in July - The Associated Press
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AP analysis: Economic pain failed to ease in July
The Associated Press
Stress eased in counties whose work forces lean toward areas like agriculture, mining, wholesale trade and finance. By contrast, counties with many ...

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Barclays Names Robert Diamond CEO, Replacing Varley
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Barclays Plc, Britain's third- largest bank, named President Robert Diamond as chief executive officer to succeed John Varley.
 
S&P Bestows Highest Financial Management Recognition To Newtown
Full Story
Following a trip to the New York offices of Standard & Poor's on August 30 ahead of an anticipated refinancing of qualified municipal bonds planned for mid-September, the town was notified it was awarded the rating agency's top designation for its financial management.
 
Arch Chemical to close Cheshire facility?
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CHESHIRE — Arch Chemical’s research and development facility on Knotter Drive will be shut down next year as the company consolidates some of its operations.
 
Property owners to meet with BOE - New Britain Herald
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Property owners to meet with BOE
New Britain Herald
In excess of 85 years old, the CPOA is Connecticut's oldest taxpayer organization. Members and those interested in cost effective government are invited to ...

 
Obama Offers a Transit Plan to Create Jobs - New York Times
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New York Times

Obama Offers a Transit Plan to Create Jobs
New York Times
MILWAUKEE — President Obama, looking to stimulate a sluggish economy and create jobs, called Monday for ...

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A Special Prosecutor for ACORN Corruption? - Right Side News
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A Special Prosecutor for ACORN Corruption?
Right Side News
This term was used in the minutes of the Fed meeting at which the central bank discussed plans by the Federal Reserve Bank of New York to finance Bear's ...

 
Dollar rises on euro zone fears
Full Story
The U.S. dollar rose against most major currencies but fell to a 15-year trough versus the yen on Tuesday as renewed concern about the health of European banks sparked aversion to risk.
 
Week in Review: Hurricane, No, Stolen Gnomes, Yes - Patch
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Week in Review: Hurricane, No, Stolen Gnomes, Yes
Patch
Of course Earl then was projected to just graze Connecticut's coastline, and finally drifted out over the Atlantic. So it may seem the biggest Darien story ...

 
BHP may have to increase its offer if it doesn't want Potash to slip through ... - BBC News
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BHP may have to increase its offer if it doesn't want Potash to slip through ...
BBC News
The bank has agreed to purchase NewAlliance Bancshares, a bank based in Connecticut. The merger is the biggest for American banks since the 2008 financial ...

and more »
 
Heather Carey Joins Island Living Real Estate; Ready to Show Bahamas Real Estate for Sale
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Island Living Real Estate recently added an additional sales agent to its staff.
 
Eyesores & Opportunities - Hartford Business
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Eyesores & Opportunities
Hartford Business
In downtown Hartford, the city, which owns 12-story 101 Pearl St.office tower, is working with the Connecticut Housing Finance Authority, ...

 
Indecision on tax cuts drives economic gridlock - Indianapolis Star
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Indecision on tax cuts drives economic gridlock
Indianapolis Star
But even some staunch conservatives are now doubters, including Connecticut investor David Stockman, who served as budget director for President Ronald ...

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John H. Field: Economy would grow with return to 1925 attitude - Charleston Gazette
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John H. Field: Economy would grow with return to 1925 attitude
Charleston Gazette
Field was a Union Carbide executive in South Charleston, then became a senior vice president of Union Carbide Corp. He is retired and lives in Connecticut.

 
State has 4th-highest jobless rate [New Haven Register, Conn.] - Insurance News Net (press release)
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State has 4th-highest jobless rate [New Haven Register, Conn.]
Insurance News Net (press release)
"The State of Working Connecticut 2010" report also found that only the health and education jobs sector showed significant growth during the recession, ...
Report finds middle class losing groundCt Post
Report: CT long-term unemployment among
 
Stay secure in WiFi hotspots
Full Story
After someone sniffed out his password at a free WiFi hotspot and successfully hacked his computer, Igor Mello stays home for the majority of his Web use.
 
Ciena Expands Ultra-Low Latency Portfolio for Electronic Trading
Full Story
Ciena Corporation has expanded its portfolio of ultra low latency solutions, including both 1GbE and 10GbE cards for its CN 4200 FlexSelect Advanced Services Platform.
 
: Reports Critical NEWS ALERTS -- Enable Holdings, Inc. (OTCBB: ENAB ... - Trading Markets (press release)
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: Reports Critical NEWS ALERTS -- Enable Holdings, Inc. (OTCBB: ENAB ...
Trading Markets (press release)
Mr. Davis graduated from Connecticut College in 1979. We welcome Mr. Mahaffey and Mr. Davis to the board and would like to thank both Mr. Musser and Mr. ...

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Beware! The bugs are taking us back to the '20s
Full Story
The little monsters came out of nowhere, left their trail of destruction and disappeared while I was lost in unwary sleep.
 
NFL team preview: Buffalo Bills
Full Story
NFL team preview: Buffalo Bills Updated Sep 3, 2010 5:08 AM ET INSIDE SLANT Settle on a starting quarterback.
 
Get Briefed: The Summer 2010 Highlights
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Intelligent Investing interviewed some of the pivotal names in recent regulatory changes this summer.
 
UConn risk program proves popular overseas
Full Story
Serkan Oral came a long way from Ankara, Turkey, to enroll in the new financial risk management master's degree program at the Stamford branch of the University of Connecticut .
 
Indian employers try to lure country's talent back from US - Business Standard
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Indian employers try to lure country's talent back from US
Business Standard
“The Indian economy is booming and there is a sudden huge requirement for people to lead new projects and divisions,” says Nidhi Lauria, the national sales ...

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TD Bank profit rises 29 percent
Full Story
Toronto-Dominion Bank, the fifth largest bank operator in Connecticut with more than 80 branches, increased profit by 29 percent in the third quarter on a record quarter by its Canadian retail banking operations.
 
Bernanke Empowered - Bloomberg
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Bernanke Empowered
Bloomberg
Richard Bove, a banking analyst for Stamford, Connecticut- based Rochdale Securities LLC, says bank regulators have already done too much. ...

and more »
 
August's 5 Best-Performing Big Bank Stocks
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After decent performance in July when the great majority of stocks among the 50 largest public U.S. bank and thrift holding companies showed gains, August was a return to misery for the banking sector, with 49 out of 50 declining.
 
Low interest rates squeeze pension funds
Full Story
Thanks to stock market gyrations and the lowest interest rates in 60 years, millions of Americans are struggling to keep their retirement savings intact and secure their future.
 
Bernanke Says Fed, Regulators Could Have Tackled Risks Better
Full Story
Federal Reserve Chairman Ben S. Bernanke said the central bank and other regulators could have done a better job tackling mortgage and banking risks that helped precipitate the worst financial crisis in seven decades.
 
Blumenthal seeks info on NewAlliance sale
Full Story
Connecticut Attorney General Richard Blumenthal asked for justification of First Niagara Financial Group Inc.'s planned acquisition of his state's NewAlliance Bancshares Inc., Bloomberg News reports.
 
Deficit puts sales tax back in the spotlight - The Connecticut Mirror
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Deficit puts sales tax back in the spotlight
The Connecticut Mirror
"The conventional wisdom in Connecticut was that raising the sales tax really gets Democratic voters upset, that it disproportionately hurts lower and ...

 
Blumenthal Questions NewAlliance Sale
Full Story
Attorney General Richard Blumenthal today questioned the planned sale of New Haven -based NewAlliance Bank to a larger regional bank based in New York - raising concerns about potential job loss and contraction in lending to businesses.
 
Defiant Dick Fuld blames false rumours and the Fed for collapse of Lehma
Full Story
Boss of Lehman Brothers attacks regulator for lack of action, but admits: 'I myself did not see the depth and violence of the crisis' Former Lehman chief executive Dick Fuld at the Financial Crisis Inquiry Commission hearing today.
 
Supporters back bump in city's living wage [New Haven Register, Conn.] - Insurance News Net (press release)
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Supporters back bump in city's living wage [New Haven Register, Conn.]
Insurance News Net (press release)
The committee heard supportive testimony from representatives of the National Employment Law Project as well as the Connecticut Center for a New Economy. ...
Jones '11 continues to push living wage hikeYale Daily News
Living Wage Boost
 
No guarantees about city layoffs - Bristol Press
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No guarantees about city layoffs
Bristol Press
Most officials say the next governor is going to have to take drastic, difficult steps to get Connecticut's fiscal house in order. ...

and more »
 
Local gauge drops 10.3 percent
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Securities trading in August scorched most local stocks, peeling 10.3 percent off the Trib 30 index since July.
 
No guarantees - Bristol Press
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No guarantees
Bristol Press
Most officials say the next governor is going to have to take drastic, difficult steps to get Connecticut's fiscal house in order. ...

 
Mosler for Senate: Tea Party's Economic Agenda Would Cause Next Great ... - Benzinga
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Mosler for Senate: Tea Party's Economic Agenda Would Cause Next Great ...
Benzinga
After graduating from the University of Connecticut (BA Economics, 1971), and working on financial trading desks in NYC and Chicago, Warren started his ...

and more »
 
Mosler for Senate: Tea Party's Economic Agenda Would Cause Next Great ... - NewsBlaze
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Mosler for Senate: Tea Party's Economic Agenda Would Cause Next Great ...
NewsBlaze
After graduating from the University of Connecticut (BA Economics, 1971), and working on financial trading desks in NYC and Chicago, Warren started his ...

and more »
 
I-Bank Quits Norwalk for Elm City
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NEW HAVEN a ' Independent investment-banking firm Cronus Partners LLC has relocated from Norwalk to the Long Wharf Maritime Center at 555 Long Wharf Drive.
 
Wellington Financial Reports Welk Resorts Loan Increase - Hospitality 1st (press release)
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Wellington Financial Reports Welk Resorts Loan Increase
Hospitality 1st (press release)
Established in 1825, Liberty Bank (www.liberty-bank.com), based in Middletown, Connecticut, is that state's oldest mutual bank, with more than $3.2 billion ...

 
New Boston Fund lands leases
Full Story
On behalf of New Boston Fund, Inc., a Boston-based real estate investment management firm, CB Richard Ellis announced that two leases totaling 4,659 square feet have been inked at 10 New England Business Center in Andover, Massachusetts.
 
Dollar Gains Against Euro, Pound (UUP) - Benzinga
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Dollar Gains Against Euro, Pound (UUP)
Benzinga
Andrew Wilkinson, senior analyst at Interactive Brokers Group in Greenwich, Connecticut, expressed confidence that the Yen would weaken eventually. ...

and more »
 
Larry Gore Named President of New York Office of Wilmington Trust FSB
Full Story
Wilmington Trust, one of the nationa s leading wealth management companies, announced that Lawrence E. Gore has been named president of the New York office of Wilmington Trust FSB.
 
Ways to provide your Wi-Fi network
Full Story
After someone sniffed out his password at a free Wi-Fi hotspot and successfully hacked his computer, Igor Mello stays home for the majority of his web use.
 
High-Grade Bonds Whip Junk; GM Sets Terms on Loan for IPO: Credit Markets - Bloomberg
Full Story

High-Grade Bonds Whip Junk; GM Sets Terms on Loan for IPO: Credit Markets
Bloomberg
Issuance in the US may reach $125 billion in September as finance and utility companies seek to take advantage of the lowest borrowing costs on record, ...

and more »
 
State rep campaign kicks into gear; Reeves, Lavielle pound the pavement - Wilton Bulletin
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Wilton Bulletin

State rep campaign kicks into gear; Reeves, Lavielle pound the pavement
Wilton Bulletin
“Jobs and the economy top the list of people's concerns,” he said. Ms. Lavielle, who was elected to the Board of Finance last fall, said she has witnessed ...

 
EDITORIAL: Bank sale: Take the money and run - New Haven Register (subscription)
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EDITORIAL: Bank sale: Take the money and run
New Haven Register (subscription)
NewAlliance's territory stretches through Connecticut into Massachusetts. We expect DeStefano to insist on firmer and more definite commitments from First ...

and more »
 
Marketing Fight Likely After NewAlliance Deal
Full Story
The fight to become the super regional bank of the Northeast took a major turn last week when NewAlliance Bank agreed to sell itself to New York-based First Niagara Financial, moving a relatively unknown company in this state toward the top of the food chain.
 

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A man should never neglect his family for business.
Walt Disney

In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffett

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Should Connecticut Keep Special Incentives for the Film Industry?
 
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