investment

Huntstock / Thinkstock

Connecticut Innovations, the state agency that invests in tech companies, said it's seeing a rise in entrepreneurial activity in the state. It's also seeking new opportunities to invest both in Connecticut companies and globally.

geralt/pixabay / Creative Commons

Sturm, Ruger and Co. is among the gun makers to see its stock price surge the day after the Orlando massacre. 

U.S. Cities Facing Issues Over Pension Packages

Apr 7, 2016
pensions_0.jpg
Andy Uhler

A task force aimed at preventing Philadelphia from going bankrupt has urged the city’s mayor to figure out how to deal with its almost $6 billion pension deficit. Philadelphia hasn't been or isn't the only region in the country dealing with this issue, though. 

Detroit was the poster child of cities running out of money. In 2013, the city filed for bankruptcy after accumulating $18 billion of debt. The pension program was said to account for a sixth of that total.

c-George/iStock / Thinkstock

About half of Connecticut businesses oppose the idea of the state getting further into the retirement business. That’s the finding of a survey commissioned by the Connecticut Retirement Security Board. 

Ryan Caron King / WNPR

Bankruptcy proceedings for the failed television venture called the Back9Network are continuing, and a federal judge said Monday that she would approve a plan to let the Hartford-based company borrow more money. 

Senado Federal / Flickr

It goes by many names: the sharing economy, the collaborative economy, the peer economy, just to name a few. Whatever you want to call it, one thing's for sure: this new way of doing business -- where idle assets equal big profits, and the hard-earned currency of trust comes through user reviews -- is changing the economic landscape of our country.

Ryan Caron King / WNPR

The state-funded, off-the-air Back9Network has filed for bankruptcy, with the hope of emerging with an existing group of shareholders who will restructure the company. 

Back9Network flickr.com/back9network / Creative Commons

The federal Securities and Exchange Commission wants to know more about the relationship between Hartford Treasurer Adam Cloud and the off-the-air, state-funded golf channel called the Back9Network. 

Jeff Cohen / WNPR

The Back9Network has been on life support since February, having burned through the millions of dollars it raised from the state and private investors. Now another group of people is being squeezed by Back9’s demise: unpaid contractors who built the network’s downtown Hartford studio. 

Back9Network flickr.com/back9network / Creative Commons

A husband and wife who allege they were duped into investing in the Back9Network now say that one of their signatures related to an investment was forged, and the dispute is playing out in state court. 

Back9Network flickr.com/back9network / Creative Commons

Hartford’s Ethics Commission has begun a search for disparities between state and city rules that restrict the use of public office for personal gain.

Americans collectively are losing billions of dollars a year out of their retirement accounts because they're paying excessive fees, according to researchers studying thousands of employer-sponsored retirement plans across the country.

The rearchers say part of the trouble is that many employers that offer 401(k) plans to their workers are outgunned by financial firms that sell them bad plans loaded with hefty fees. That's especially true, they say, for small and midsize employers that don't have much financial expertise in-house.

Jeff Cohen / WNPR

After WNPR reported that Hartford city Treasurer Adam Cloud used his work email to steer private investment to the Back9Network -- a business that had financial ties to his family -- Cloud has issued an apology.

Daderot / Creative Commons

The Phoenix Companies is to be sold to a newly formed reinsurance investment firm. New York-based Nassau Reinsurance will pay $217.2 million for the Hartford company, and then take it private.

Back9Network flickr.com/back9network / Creative Commons

It was January 2012. The PGA golf association was hosting its merchandise show in Orlando, Florida – and the Back9Network was there.

Yale University / Creative Commons

Yale University reported that its endowment grew to a record high $25.6 billion based on an 11.5 percent return for the fiscal year that ended June 30.

Ken Teegardin flickr.com/photos/teegardin / Creative Commons

Connecticut's Insurance Commissioner has sold off stock she held in Cigna, her former employer. 

epSos .de / flickr creative commons

Recently Yale economist Robert Shiller said in an essay in The New York Times that no one can say for certain what the stock market drop means. He did, however, say we'd all be right to exercise great caution now.

Stocks opened Monday with a swan dive: The Dow Jones industrial average plunged about 1,000 points, or 5 percent, in just minutes.

By midday, enough brave buyers had waded back in to push up prices — up to where losses were only around 1 percent or so.

But that didn't last. Around 3 p.m., the Dow dropped again, sliding nearly 700 points.

Stress-filled minutes ticked down until 4 p.m.: CLANG, CLANG, CLANG.

The closing bell rang. Brows were wiped, and commentators scrambled to explain why investors had seen both panic selling and panic buying.

Led by an 8.5 percent drop in China's Shanghai composite index, U.S. and global stock markets took a dive Monday. Shortly after opening, the Dow Jones index fell by more than 1,000 points, or 5 percent. The Dow then zigzagged to close at 15,871, losing about 3.6 percent of its value.

The Ethan Allen furniture company is under pressure from one of its investors to either sell itself or divest some of its real estate assets. Sandell Asset Management, which owns 5.5 percent of Ethan Allen, said the company's stock is underperforming. 

StockMonkeys.com on Flickr Creative Commons

A lawsuit against General Electric is being closely watched in boardrooms around America, as the company defends its decision to shut down its retiree health care plan.

Debora Timms

Members of Connecticut’s Puerto Rican community met in Hartford on Friday with U.S. Senators Chris Murphy and Richard Blumenthal to discuss Puerto Rico’s debt crisis.

Across Connecticut, abandoned sites are being built back up. It’s complicated and expensive work, but in recent years, the state has put millions of dollars towards breathing new life into the long-forgotten spaces of the industrial era.

Bullion Vault / Creative Commons

The history of gold is a history of beauty, bloodshed and obsession. Gold has been fought for, worn ornamentally, traded as tender and at times even worshiped. This hour, we continue to mine it, covet it, and find uses for it even King Midas himself would never have imagined.

But why has the allure of this precious metal endured for so long? Investors will say its rarity ensures its worth. Numismatists will point to its ancient uses as currency to justify the appeal. And scientists may point to its uses in electronics and space travel as a means of explaining its value.

Jeff Turner / Flickr Creative Commons

At the beginning of this century, when tech stocks were hot and dot-coms were appearing everywhere, Yale professor and renowned economist Robert Shiller was already warning of a bubble -- and he was right. Years later, when housing prices were skyrocketing and millions of American were betting big on real estate, Robert Shiller again predicted an impending crisis. Sadly, he was right again.

Now, with the housing market showing signs of improvement, many are getting the sense that we’re finally out woods. And with this feeling returns the idea that buying a home today means financial gains down the road.

Cliff / Creative Commons

Each year, for-profit corporations spend billions of dollars on reported lobbying expenditures. It’s a significant investment that’s placed American businesses among the most powerful forces in Washington, and in state houses like the one in Hartford.

Jessica Hill / The Associated Press

Governor Dannel Malloy has struck back at a marketing campaign mounted by supporters of an Oklahoma Indian tribe after controversy over payday loans which charged illegal interest rates. 

Some typical crowdfunding proposals posted online may look like this: Help my band record our next album or please contribute to my child's medical expenses.

But here's one thing the average investor can't do through crowdfunding: buy stake in a private company. That policy, however, is under closer scrutiny. With more competition for venture capital funding, equity crowdfunding is getting more attention.

Banco Carregosa / Creative Commons

Two men from Massachusetts and Connecticut have been charged in an insider trading scheme that prosecutors say netted more than $1 million. 

Pages