CBS News – When publicly traded companies report their quarterly results, executives typically talk with investors on a conference call to update them on the current-quarter and expected business trends. But it turns out that many of those executives may not be telling the truth.
Finance
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.
An Expensive Real-Estate Seminar Isn’t How to Get Rich
Canaan Collector’s Accordions Help Tell Story of the Past
The Register Citizen – Once an avid player, Canaan’s Paul Ramunni hadn’t picked up an accordion for 42 years.
“I played the instrument from age 10 to 17. When I went to Fairfield University, the accordion went into the closet. In mid-2008, I woke up one morning and inexplicably had the urge to play again,” said the 67-year-old, who had a CPA firm in Canaan for 35 years before selling it five years ago. He now teaches accounting and financial literacy courses full time for the University of Connecticut.
Another Troubled City, Another Subsidized Stadium To the Rescue
Amid Budget Headwinds, CT’s Bioscience Gains Solidify
Hartford Business Journal – They are three of the most tangible milestones in the ongoing evolution of Connecticut’s bioscience ecosystem:
In Farmington, Maine bio-research firm Jackson Laboratory’s state-funded outpost on the UConn Health campus hired ahead of schedule the 200 highly-paid workers to which it promised in return for millions in state assistance. Now, Jackson Lab is laying plans to hire its next 100 workers, and to erect a second building to house many of them.