Finance


Norwich Public Utilities is Economic Engine for Norwich, Region

The Day – Norwich Public Utilities (NPU) has always done well when evaluated by typical metrics for a utility company. Our rates are often lower and always competitive with investor-owned utilities; exceptional storm response is a point of pride within the organization, and our customer service is available to Norwich residents every minute of every day of the year.

But a recent study by the Connecticut Center for Economic Analysis (CCEA) measuring the economic impact of NPU in Norwich and New London County provides a new way of appreciating the value of NPU. The CCEA is a University Research Center in the School of Business at the University of Connecticut.

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As Layoffs Mount, RBS Holds on in Stamford

Stamford Advocate – The Royal Bank of Scotland’s daisy-wheel logo still stands on top of 600 Washington Blvd. — even after many rounds of cutbacks at the downtown financial hub.

Battered by weak earnings and legal and regulatory pressures, the bank has slashed some 700 jobs in the past three years at its Americas headquarters. In an industry that has undergone seismic changes in the past decade, RBS is unlikely to bring back the lost positions. But the bank says Stamford remains vital to its business, and the firm’s strong ties to the area suggest it will carry on its curtailed Connecticut operations.

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Reinsurance Firms Ride Out Wave of Storm Losses

Greewich Time – The reinsurers figure out how to cover their losses long before the storms hit.
Amid an exceptionally active Atlantic hurricane season, reinsurance firms in Stamford and elsewhere are tracking the tempests with concern, but not much surprise. Based on decades of experience, many reinsurers have built operations that can cumulatively pay out billions in claims from hurricanes like Harvey and Irma without jeopardizing their fiscal security.

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Football Season Is Kicking Off And Sponsors Spend Big

Seeking Alpha – Football season is kicking off! So starting opening day (September 7th) the ADS ARE COMING!

Sponsorships in the NFL are big business, in 2016 sponsorship revenue generated $1.25 billion for the year. That was a 4.3% increase over 2015 despite NFL ratings issues (source). Spread out, $1.25 billion was spent over 256 games in regular season and then playoffs.

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