Connecticut Contractor Sues Massachusetts City for $1M in Unpaid Work
A contractor alleging breach of contract is suing a Massachusetts city for $1 million.
Keller Williams Launches iBuyer Service, ‘Keller Offers’
Giant real estate firm Keller Williams has launched its own iBuyer service to compete with the likes of Zillow Offers.
West Hartford Consultancy Inks Deal for 17K SF in Bloomfield
West Hartford-based consultancy Hooker & Holcombe announced it is moving its main operations to a newly-designed space in Bloomfield.
Seeking to Consolidate Office, Major Hartford Law Firm Moves Towers
A major Hartford law firm is relocating from CityPlace I to the city’s Prudential Building.
A Trump Fed Choice Steps Aside, and Another Faces New Doubts
President Donald Trump’s efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed’s board withdrawing from consideration and another being enveloped by fresh doubts.
Health Care Policy Change Could Threaten Webster’s HSA Business
Despite a very profitable quarter, analysts pressed Webster Bank executives on the sustainability of its health savings accounts business, specifically as lawmakers consider the future of health care.
Fairfield Only Conn. County to See Population Growth Since 2010
Fairfield County was the only part of Connecticut to see population growth since 2010, according to new estimates released by the U.S. Census Bureau late last week.
$18M Mixed-Use Village Planned Near Berlin Train Station
Meriden isn’t the only city seeing developer interest in new housing, spurred by new transit connections.
23 Apartments Planned at Former New Haven Catholic School
A former religious school in New Haven’s growing Wooster Square neighborhood could soon be converted to apartments.
Lawmakers Mull Additional Capital Gains Tax
Some legislative Democrats are considering a new capital gains tax on Connecticut’s highest earners, instead of following through with some of Gov. Ned Lamont’s proposed sales tax changes.
Wallingford Man Pleads Guilty to Bankruptcy Fraud
A Wallingford man waived his right to be indicted and pleaded guilty earlier this week in Hartford federal court to one count of bankruptcy fraud.
Hartford Lures Idaho Insuretech’s HQ to NassauRe Building
Covr Financial Technologies, an insurtech firm in the life insurance space, has opened its corporate office in the NassauRe building in downtown Hartford.
Connecticut Loses 1,300 Jobs in March, Financial Sector Gains
Connecticut lost 1,300 jobs in March, according a preliminary report released yesterday by the U.S. Bureau of Labor Statistics; the state’s largest industry trade group blamed the decline on “the state legislature’s continued focus on costly workplace mandates.”
US Home Construction Slips 0.3 Percent in March
U.S. home construction slipped 0.3 percent in March, as housing starts are running below last year’s pace in a sign that inventory could be a challenge for would-be buyers.
Lamont Had Preliminary Talks with Private Firms on Tolls
Gov. Ned Lamont says he’s had “very preliminary” conversations with private investors who might help develop a proposed electronic highway tolling system in Connecticut.
United Bank Could See Major Losses as Result of Alleged Ponzi Scheme
The parent company of Hartford-based United Bank reported another profitable quarter to start the year, but major losses could be coming.
New York Fed: Trump Tax Reform Could Be Depressing Home Sales
Changes in federal tax laws passed by the Republican-controlled Congress in late 2017 and signed by President Donald Trump could be to blame for depressing home sales in 2018, according to research from the Federal Reserve Bank of New York.
Trump Administration Seeks to Boost Opportunity Zones
The Trump administration on Wednesday proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in Opportunity Zones in low-income areas.
Man Who Operated ‘Provisional Credit’ Fraud Scheme Pleads Guilty
A citizen of India pleaded guilty yesterday in federal court in Bridgeport to one count of bank fraud stemming from a “provisional credit” scheme.
US Retail Sales Soared 1.6 Percent in March
U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped.
