Home Tags Earnings
Further complicating matters were the wage disparities based on race and gender, according to a new report.
According to a new study, the nation is facing a level of income inequality not seen in 90 years, and the situation is especially acute in New York and Connecticut.
The new division will be headed by Ilhan Ince, who joined Passur from American Airlines.
The Stamford firm also posted its fourth-quarter and full-year 2017 financial results, both of which were up significantly from the previous periods.
The Stamford firm said its fourth-quarter figures were impacted in part by a decline in lease rentals as well as a $12.6 million decrease in maintenance revenues.
Patriot President Richard Muskus Jr. said the bank’s primary areas of focus moving forward would be adding to its product lines and enhancing its service offerings.
The results included the firm’s December acquisition of Crane Currency, a Boston company that for nearly 140 years has supplied the paper used to make U.S. currency, for $800 million.
Net sales were up 18.4 percent, while net income rose by 147.4 percent.
The company’s Booking.com division recorded approximately 1.5 million properties on its platform, up 41 percent over last year.
Net loss for the third quarter was $38 million – a significantly better than the second quarter's net loss of $662 million.