SEC, FBI shake the ketchup bottle deal for inside traders

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The SEC and FBI are shaking the ketchup bottle and investigating alleged insider trading ahead of Berkshire Hathaway’s acquisition of Heinz. Berkshire and 3G Capital said on Feb. 14 they would buy Heinz for $72.50 a share, representing a 20 percent premium from the closing price on the 13th. In its complaint, the SEC says […] [Read More]

Sikorsky Aerospace taps Texas firm for State Department contract

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Sikorsky Aerospace Services, the Shelton-based aftermarket service arm of Sikorsky Aircraft, has picked Texas-based S-TEC/ Cobhman Commercial systems to do the advanced avionics work on the S-61 modernization program for the State Department. Sikorsky, a subsidiary of Hartford-based United Technologies, won a contract to provide up to 110 S-61s to the State Department in 2010. […] [Read More]