Financial

Latest Connecticut Financial

Logo from Crumbs web site

Cupcake Shop Crumbs Closing Its Doors

NEW YORK (AP)/CBS Connecticut – Crumbs says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq. The New York City-based company said all employees were […]

07/08/2014

Kevin Lembo (Courtesy Office of the State Comptroller)

State Surplus Pegged At $43.4 Million

HARTFORD, Conn. (AP) – State Comptroller Kevin Lembo says Connecticut is on track to end the current fiscal year with a $43.4 million budget surplus. In a letter sent Monday to Gov. Dannel P. Malloy, […]

06/02/2014

Connecticut map

Magazine: Slight Improvement In Connecticut Business Climate

(Greenwich, Conn./CBS Connecticut) – Connecticut ranks 44th out of 50 states when it comes to the best and worst for business in the country. That’s one notch up from where the state ranked in 2013 […]

05/14/2014

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Ex-Treasury Secretary Geithner To Deliver Yale Lectures

NEW HAVEN, Conn. (AP) – Yale University has announced former U.S. Treasury Secretary Timothy Geithner will deliver a series of lectures in the fall on the global financial crisis. Geithner will discuss lessons from the […]

05/07/2014

Mayor Pedro Segarra Hartford State of the City March 10 2012 Michael Guerrera Photo

Segarra Delivers FY 2015 Budget

(Hartford, Conn./CBS Connecticut) – Hartford Mayor Pedro Segarra has submitted a $557 million-plus budget to the City Council. The mayor this afternoon said the spending plan for FY 2015 is a difficult one. He says […]

04/21/2014

Connecticut State Capitol (WTIC's Michael Guerrera)

Committee Advances Tax Package

By SUSAN HAIGH   Associated Press   HARTFORD, Conn. (AP) _ Gov. Dannel P. Malloy’s proposed $55-per-person tax refund cleared a key hurdle Tuesday, passing the General Assembly’s tax-writing committee with mostly Democratic support. The concept […]

04/01/2014

connecticut-state-capitol_16x9

Comptroller: State Surplus Grows

(Hartford, Conn./CBS Connecticut) – Connecticut’s budget surplus for the current fiscal year continues to grow. According to state Comptroller Kevin Lembo, Connecticut is poised to end FY 2014 with a surplus of $504.9 million. Lembo, […]

04/01/2014

(Courtesy United Technologies website)

UTC Reports Revenue Up, But Steep Drop In Fourth-Quarter Profit

United Technologies Corp. is reporting a steep drop in fourth-quarter profit, but its revenue edged up.

01/22/2014

A billboard sums up the 2005 search for Jennifer Wilbanks, who fled Georgia before her wedding day. (Getty Images)

Wedding Insurance Expands As Nuptials Get Pricier

Plans cover everything from extreme weather to cold feet.

01/21/2014