Derecktor’s Cakewalk up for sale

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Superyacht is reporting that the Derecktor Shipyard’s built Cakewalk V has been listed for sale for 152.5 euros, which is about $215 million. Derecktor built and dropped the giant yacht into the water in Bridgeport in 2010. It’s the largest private yacht built in America since the 1930s. Here’s the link to the Superyachts’ story. […] [Read More]
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Where the jobs are

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While the economy has continued to limp along for the last couple of years now, generating few jobs, Stamford-based Indeed.com, is reporting an 80 percent increase in job postings in the state with much of the activity centered in Fairfield County. There were 84,277 job openings posted in the state in April, according to Indeed […] [Read More]
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Ponzi scheme charges tie up Highview funds

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The U.S. Securities and Exchange Commission announced monday it has charged Highview Point Partners LLC, a Stamford-based investment adviser, with engaging in a multi-year Ponzi scheme involving hundreds of millions of dollars. The charges come just days after Highpoint filed for Chapter 11 bankruptcy protection. Here are excerpts from the SEC’s press release on the […] [Read More]
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Post Galleon: A really brave new investors’ world?

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Galleon co-founder Raj Rajaratnam’s conviction on insider trading violations raises a number of questions and concerns for the investment community, but should one of those be about whether an investors keeps profits gained as a result of these kinds of activities? Fred Wilpon, who the trustee investigating the Madoff fraud, has said owes investors about […] [Read More]
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Movie costs trim WWE profit in 1Q

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Stamford-based WWE reported net income of $8.6 million, or 11 cents per share, for the first quarter 0f 2011, down from the $24.7 million, or 33 cents per share for the first quarter of 2010. The company has expanded its entertainment offerings during the last few years and branched into movies. It said its cinematic reveneus […] [Read More]
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Net income at Silgan misses

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Stamford-based Silgan Holdings reported net income failed to meet analysts expectations in the first quarter. The mean EPS for the consumer goods packaging company, according to a survey by FactSet Research was 39 cents a share. Silgan reported net income of $26.1 million, or 37 cents a share for the first quarter of 2011. The […] [Read More]
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GE share votes lift Lafley, not pretty for Avon chief

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GE filed on Monday the final tally of votes from its Salt Lake City meeting  revealing who shareholders like at the helm of the Fairfield-based giant. Alan “A.G.” Lafley, the former Proctor & Gamble chief, was the most popular director, with 6.09 billion votes for and garnering less than 100 million against. He was the only […] [Read More]
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