NBC Connecticut– The only step left to ensure that Sikorsky remains in Connecticut through 2032 is approval from both the Connecticut General Assembly and the Teamsters Union, which represents thousands of the company’s employees.
Finance
PROMESA and Puerto Rico’s Pathways to Solvency
Harvard Law School Forum on Corporate Governance and Financial Regulation – Facing a self-declared “death spiral” of public debt, the Governor of Puerto Rico announced a debt moratorium earlier this year, halting payments to bondholders. A series of missed payments followed, including a landmark default on constitutionally guaranteed bonds in July. At the same time, Congress passed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA or “promise” in Spanish), which combines a debt restructuring system with federal controls over the island’s finances. But enacting PROMESA is only a first step. Coordination and engagement with creditors is the next step—and an even more complicated one—in Puerto Rico’s long journey towards solvency and fiscal stability.
NLDIMSR Hosts Seminar on ‘Risk Management’
HTCampus – The Finance Forum of N. L. Dalmia Institute of Management Studies and Research organized a seminar on “Risk Management” on August 10, 2016.
The seminar was delivered by Dr. Chinmoy Ghosh, Head of the Department of Finance at School of Business, University of Connecticut, USA.
On Earnings Calls, Retail Execs Underplay How Well The Company Is Performing
Do CEOs lie? Perhaps, but not how you think
Citizens Names Hazzard as Head of Structured Finance
Brexit casts uncertainty over CT exporters
New Study Claims Corporate Executives Intentionally Mislead Investors for Personal Gain
Bloomberg – It won’t surprise any market-watcher to learn that in the run-up to earnings season, companies tend to lower the bar for top and bottom line performance, thereby giving themselves better odds of exceeding analysts’ expectations.
However, a new working paper suggests that the sins of omission that occur during the corporate “cheating” season, as it was dubbed by Societe Generale Global Head of Quantitative Strategy Andrew Lapthorne, are far more insidious.
Implementing the Child Care Development Block Grant Act of 2014: Perspectives of Stakeholders
U.S. Senate Committee on Health, Education Labor & Pensions – The economic impact of investing in child care cannot be underestimated, noted Connecticut Office of Early Childhood Commissioner Dr. Myra Jones-Taylor at a recent committee hearing. Taylor referenced a study by the Connecticut Center for Economic Analysis, which found that in the city of New Haven, Conn. there was a $9.4 million macroeconomic increase and a $17 million/year tax increase when you invest in child care programs and have them stay open, stay stable, and have quality.