Norwalk HQ moves to Stamford

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After more than five years in Norwalk, Eka Software Solutions moved its U.S. headquarters to Stamford’s Harbor Point district. Eka’s Insight CM software is used by commodities companies to manage trading, material procurement, risk, compliance, and operations. Customers include Louis Dreyfus, Noble Group and TD Bank among others. Eka’s new office is at Two Harbor Point […] [Read More]
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Tom Rutledge

Charter reaches $10.4B deal for Bright House

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For $10.4 billion, Stamford-based Charter Communications is acquiring Bright House Networks, which operates cable TV systems in several states. Syracuse, N.Y.-based Bright House is the sixth largest cable operator in the United States with systems in Florida, Alabama, California, Indiana and Michigan. Bright House’s existing owner Advance/Newhouse will retain 26.3 percent of Bright House shares, […] [Read More]
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B&O

Harman buys Bang & Olufsen auto unit

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Harman International Industries is acquiring Bang & Olufsen’s car audio business, which are installed in Audi, Aston-Martin, BMW and Mercedes-Benz vehicles. Stamford-based Harman (NYSE:HAR) is paying Bang & Olufsen $155.8 million plus unspecified licensing payments, with the deal subject to regulatory approval. The companies did not state immediately how many employees of Denmark-based Bang & Olufsen […] [Read More]
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Jerry Springer

Springer to star on WWE Network

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WWE outlined several new original series for its WWE Network, including one featuring Jerry Springer whose daytime talk show is taped in Stamford where WWE (NYSE: WWE) is based. WWE Network plans to begin running in April “Jerry Springer Presents WWE Too Hot For TV” recapping past stunts and “cringe-inducing” moments from prior WWE productions. […] [Read More]
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CHET

Contract renewed for Conn. 529 plan manager

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New York City-based TIAA-CREF announced a five-year contract renewal to manage the Connecticut Higher Education Trust 529 College Savings Plan, or CHET. CHET has nearly $2.4 billion in assets across 99,000 accounts and has distributed more than $1 billion in qualified withdrawals for some 30,000 students. Account withdrawals are free from Connecticut income and federal […] [Read More]
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KeyMe kiosk

Keys go into “the cloud” at Stop & Shop

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Stop & Shop has installed kiosks at its Stamford store and four others in Connecticut that can create digital blueprints of keys for storage and later retrieval if needed, secured by the fingerprint scan of the key owner. Made by New York City-based KeyMe, the kiosks are designed to allow individuals to get a copy […] [Read More]
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Michael S. Marcinek, president, managing partner and majority owner of Fletcher Thompson.

Fletcher Thompson delinquent on retirement plan

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Fletcher Thompson, an architecture and engineering firm that recently moved into a showcase downtown Bridgeport headquarters, was ordered this month to restore $485,000 to its retirement savings plan after the federal government ruled it had stopped putting deferrals from employee paychecks into the plan. The ruling, from the U.S. Department of Labor, requires Fletcher Thompson […] [Read More]
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Catamaran call center

UnitedHealth acquiring pharmacy giant

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For $12.8 billion, UnitedHealth is acquiring Catamaran Corp., combining the pharmacy benefit management provider with UnitedHealth’s own OptumRx subsidiary. Minneapolis-based UnitedHealth sells health insurance in Connecticut via its Oxford Health Plans division, which the Connecticut Post reported last week UnitedHealth is relocating to Shelton from Trumbull. In its annual report, UnitedHealth lists Schaumburg, Ill.-based Catamaran […] [Read More]
Categories: General