State lawmakers are turning up heat on Northeast Utilities over rumors the utility giant will outsource its information technology functions. The legislators say the company isn't playing straight with them. For several weeks, gossip has been circulating about the intentions of Northeast Utilities with regard to its IT department.
Most of us have gone through the process of buying an automobile. It can be both exciting and excruciating. And sales are up to almost pre-recession levels. A boom caused by “more widely available credit, an increasingly aged fleet, and a host of new models.”
Online travel site KAYAK will move its headquarters to Stamford, with the help of a $2.5 million state loan. KAYAK is already headquartered in Norwalk, Connecticut, and was recently acquired by the state's other online travel giant, Priceline.com.
It’s Harvest Time for farms all over Connecticut, and that means a growing number of small farms that work on the “community supported agriculture” model. In CSAs, members share the risk of a volatile New England growing season, and share in the bounty as well.
Executives from several Connecticut companies, along with U.S. Department of Commerce officials from Middletown, are on a trade mission in Australia this week to promote exports, inbound investments and tourism. It’s all hands on deck. Officials dressed up as Mark Twain and Nathan Hale at “The Tastes and Sights of Connecticut” event, which kicked off the week-long visit.
People who lost money in the Bernard Madoff Ponzi scheme after investing in feeder funds could get a share in more than $2 billion recovered by the government. So far, feeder fund investors have been shut out of compensation.
No doubt most of you reading this post have looked at Yelp or Google+ Local to check the user reviews before you tried that fish store, bakery or even dentist. On occasion, you may have wondered if some of those reviews were too good to be true.
Originally published on Mon September 23, 2013 3:29 pm
Sales of its new iPhone 5s and 5c models have surpassed other iPhone releases and exceeded initial supply, Apple says. The company says it has sold 9 million of the phones since their launch on Friday and that "many online orders" will ship in coming weeks.
"This is our best iPhone launch yet — more than nine million new iPhones sold — a new record for first weekend sales," Apple CEO Tim Cook said in a Monday press release. He added that "while we've sold out of our initial supply of iPhone 5s, stores continue to receive new iPhone shipments regularly."
Officials' estimates say that in the next twenty years there could be as many as 30,000 drones flying in US airspace. Depending on your point of view, that's either a great technological leap forward, or a very scary prospect. Businesses are similarly divided about our drone future.
According to the government, there are 46.5 million Americans who live below the poverty line. In other words, that's how many people are officially poor. But pretty much everyone who studies poverty agrees: The way we arrive at this figure is completely wrong.
On today's show, we figure out how we got here, why still measure poverty in a way that so many people agree is wrong, and how could we do it better.
Firebox executive chef Sean Farrell, at right. Even though organic, local ingredients are more expensive, business is booming. “We’ve seen a 20 percent growth across the board in sales throughout this full year,” Farrell said.
Credit Sujata Srinivasan
Michael Corcoran, waiter at Max Amore in Glastonbury.
Credit Sujata Srinivasan
Farmer Lisa Griffin at Oxen Hill Farm in Suffield.
This week was Farm-to-Chef week, as the Connecticut Department of Agriculture makes an effort to promote local produce at Connecticut restaurants. The state’s eateries report they are seeing more demand for locally-grown food.
Have you visited the Quiet Corner lately? In nighttime satellite imagery, it shows up as a swath of darkness in a field of twinkling lights. This rural area is larger than you might think - it’s about half the size of Arizona’s Grand Canyon, and about ten times the size of Acadia National Park in Maine. And it’s almost 80 percent forest and farmland.
Economists at the University of Connecticut are calling on the state to use bonds that have been approved by the legislature but never issued. The Connecticut Center for Economic Analysis forecast reports that if the state relies only on traditional drivers like the housing market to grow the economy, it could begin to lose jobs again in 2014.
The president of Electric Boat, Kevin Poitras, has announced his retirement, just over a year after taking the reins at the Groton submarine yard. He'll be succeeded in the top job by Jeffrey Geiger, who's currently president of the Bath Iron Works in Maine. The two yards are both owned by General Dynamics.
Poitras garnered praise for his tenure at Electric Boat, where he's worked since the early 1970s. Second district Congressman Joe Courtney noted particularly his relationships with local colleges to develop training and mentoring opportunities.