December 11, 2008 EditionEdition

Banking & Finance

Citigroup, UBS buying back securities

Citigroup Inc. and UBS AG, both of which have banking operations in Connecticut, today agreed to buy...
Banking & Finance

Jason Newman, accountant with Kostin, Ruffkess & Co. LLC, Farmington | The ABCs of numbers crunching

What are fair value accounting measures?  Generally Accepted Accounting Principles has required companies to use fair value...
Banking & Finance

Freddie Mac mortgage rates at 4-year low

Rates on 30-year-fixed mortgages dropped this week to their lowest levels in more than four years,...
Banking & Finance

KB Toys files for bankruptcy

KB Toys, which has six Connecticut stores, has filed for bankruptcy protection for the second time in...
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Banking & Finance

UTC to offer 2009 outlook

Hartford industrial conglomerate United Technologies Corp. is scheduled to offer guidance for 2009 late today amid...
Banking & Finance

Fed: household debt declines

U.S. households, hit by declining home values and stock market losses, have cut back on their...
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