Hartford Business Journal – Health insurer Aetna’s decision to relocate top-level employees to New York City, while maintaining the bulk of its workforce in Hartford, is part of a nationwide management trend in which companies are increasingly separating their corporate executives from the rest of their workforce.
Finance
Foxwoods June slots revenue climbs 2.7%
Norwich Bulletin – Foxwoods Resort Casino’s slot-machine revenue for June rose 2.7 percent compared with a year earlier but was down compared with May.
Mohegan Sun reported an 8 percent revenue gain for June, making it the first time in three months that both casinos reported revenue gains in the same month. But don’t break out the champagne just yet.
The increases say more about the strength of economies in neighboring states than about Connecticut’s situation, said Fred Carstensen, a University of Connecticut finance professor who is director of the Connecticut Center for Economic Analysis.
What Do Measures of Real-Time Corporate Sales Tell Us About Earnings Surprises and Post-Announcement Returns?
Harvard Law School Forum on Corporate Governance and Financial Regulation – Namho Kang is Assistant Professor of Finance at the University of Connecticut. This post is based on a recent paper authored by Professor Kang; Kenneth A. Froot, Research Associate at the National Bureau of Economic Research; Gideon Ozik, Affiliate Professor of Finance at EDHEC Business School; and Ronnie Sadka, Professor of Finance at Boston College Carroll School of Management.
Are Noisy Airport Flight Paths Discriminatory?
As Fed Reserve Scholar, Professor Cohen Explores Airport Noise, Housing Vacancy Ripple Effects
Jeffrey Cohen, a professor of finance and real estate, served as a visiting scholar at the Federal Reserve Bank of St. Louis for four days in May. Continue Reading
We Will Survive, Historian Tells Risk Executives
Presidential Historian Douglas Brinkley Tells Risk Executives That America Always Withstands Challenges, Divisions
Take a collective deep breath, Americans.
As a nation, we will survive these turbulent, highly charged political times, much as we have throughout the rocky course of our history, said Douglas Brinkley, the CNN presidential historian and a professor of history at Rice University. Continue Reading
UConn Business School Makes Its Mark in Stamford
The University of Connecticut’s downtown hub stands about 100 miles from its main campus. But it is no distant outpost.
UConn’s business school exemplifies the increasing prominence of the university in Stamford. Enrollment is growing and a major conference held last week reflects university officials’ view of the Stamford campus as an equal to the one in Storrs. Continue Reading
UConn Business School Makes Its Mark in Stamford
Stamford Advocate – The University of Connecticut’s downtown hub stands about 100 miles from its main campus. But it is no distant outpost.
UConn’s business school exemplifies the increasing prominence of the university in Stamford. Enrollment is growing and a major conference held last week reflects university officials’ view of the Stamford campus as an equal to the one in Storrs.
Presidential Historian Talks Trump and Risk at UConn-Stamford Conference
Stamford Advocate – United States of America Inc. last year made its riskiest hire to date when its shareholders chose a new chief executive, according to a knowledgeable observer of the enterprise.
In the keynote speech Wednesday at the University of Connecticut’s Risk Management Conference at the Crowne Plaza hotel, presidential historian and author Douglas Brinkley assessed the rise and prospects of President Donald Trump and compared the current commander-in-chief’s challenges to those of his predecessors.
Stamford Hedge Fund Pushes City Mall Owner for Change
Connecticut Post – Jon Litt takes an elevator down from his seventh-floor offices at the downtown Landmark Square complex and walks a few steps to visit the city’s shopping mall.
At the Stamford Town Center, the founder and chief investment officer of hedge fund Land and Buildings enjoys visiting establishments such as the Apple store and Saks Fifth Avenue Off 5TH.
But Litt sees much more than a place to go shopping.
HBJ Reveals 2017 CFOs of the Year
Hartford Business Journal – This year’s Hartford Business Journal CFO of the Year Awards may have been one of the most competitive in recent memory.
Among the companies whose chief financial officers were in the running for the honor were Stanley Black & Decker, Aetna, United Financial Bancorp and Virtus Investment Partners.