Screen Shot 2018 02 16 at 3.34.43 PMNEW YORK: The Ethisphere Institute has selected seven major corporations with extensive Connecticut business as among the most ethical in the world.

For twelve years the organization has selected using what it is explains as an “Ethics Quotient, a proprietary rating system that collects and objectively scores self-reported data in five weighted categories.”

In 2018, 135 companies across 23 countries and 57 industries were recognized as Most Ethical Companies by the Institute.

crystalWATERTOWN: Crystal Rock Holdings, Inc. [NYSE CRVP] is being acquired by Cott Corporation [NYSE:COT] for $35 million. Cott is based in Tampa, FL, and has a $2.4 billion market cap.

Cott says it is a “route based service company with a leading volume-based national presence in the North America and European home and office market with more than 2.3 million customers. The company features bottled water “custom” coffee roasting, blending of iced tea, and extract solutions for the U.S. foodservice industry

The acquisition is a 22.8% premium to Crystal Rock’s closing stock price on February 9, 2018, and a 21.7% premium to the company’s 30-day volume weighted average stock price.

surveyHARTFORD: Responders to CBIA’s Fourth Quarter Economic and Credit Availability Survey demonstrate a stable but relatively slow growing environment.

Fewer than a third of companies 28% of companies expect to add employees, up from 21% in the previous quarter. More than half (54%) of surveyed companies say their workforce will remain stable—compared with 63% in the third quarter—while 17% expect to downsize, unchanged from the last quarter.

While Thirty-eight percent of businesses have an improved outlook for their firms, most Connecticut businesses are not participating in the ever increasing global marketplace, with 77% reporting they have no or a minimal amount of international business. 46% of the survey responders were manufacturers, 85% of responders had fewer than 100 employees.

United States Capitol BuildingBy:  | ctmirror.org

Washington – In rare bipartisan agreement, Congress on Friday approved a massive budget deal that will increase federal spending in Connecticut, providing big boosts for the state’s defense industry and health care programs and even helping schools educate displaced students from Puerto Rico.

The budget deal increases both military and domestic spending.

It will raise defense spending to $700 billion for 2018 and $716 billion for 2019, increasing the number of F-35s the Pentagon will buy this year to about 90 and boosting money for the new Columbia ballistic missile submarine and the Virginia-class attack sub, which are both built by Electric Boat. The budget deal also is expected to increase the number of Sikorsky-made helicopters the military will buy this year and next.

Garrett1 1NEW HAVEN: Garrett F. Sheehan has been named President of the Greater New Haven Chamber of Commerce and Quinnipiac Chamber of Commerce. Sheehan succeeds Anthony Rescigno, who led the organization for more than 17 years. Sheehan will begin work in his new position on March 1, 2018.

Sheehan said, “The Greater New Haven Chamber of Commerce is a pillar of our community and has an excellent track record of providing services for our membership and leadership on key issues affecting the New Haven region. I am excited to begin working with the staff, board, members, and volunteers of this amazing organization to help write the next chapter for the Chamber,” said Sheehan.