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Category: General

CH-53K

Report: Sikorsky extends delay on CH-53K

Sikorsky Aircraft reportedly pushed back further its planned first flight of the CH-53K King Stallion helicopter, the largest development contract the Stratford manufacturer has on the books as it
Categories: General
Sheraton Kauai

Vistana to take 5,300 Starwood employees

About 3 percent of Stamford-based Starwood Hotels & Resorts Worldwide employees, or 5,300 in all, will transfer to Vistana Signature Experiences when the new vacation timeshare company is spun off
Categories: General
Negative Equity

Fairfield County homes surfacing from negative equity

In the first quarter of 2015, about 1,450 fewer homes in the lower Fairfield County area were “underwater” according to CoreLogic, in cases where homeowners owe more than the value of their
Categories: General
Vistana

Starwood SVO to take original Vistana name

Vistana Signature Experiences will be the name of Starwood Vacation Ownership, when Starwood Hotels & Resorts Worldwide spins off its timeshare business as an independent, publicly-owned company
Categories: General
Embraer

Stamford co. buys $1.5B in Brazil-made jets

Aircastle ordered 25 regional passenger jets from Embraer along with purchase rights for 25 more, with the companies announcing the deal at the Paris Air Show. Stamford-based Aircastle (NYSE:
Categories: General
Gap

Gap to shutter 175 stores

Gap Inc. is closing 175 stores in North America this year and next, also laying off 250 people at its San Francisco headquarters. Gap (NYSE: GPS) did not immediately publish a list of stores slated
Categories: General
Anthem

WSJ: Anthem targets Cigna

Anthem was rebuffed in initial talks to acquire Cigna, according to the Wall Street Journal, with the latter carrier’s stock spiking 15 percent Monday after the report. Bloomfield-based Cigna (NYSE:
Categories: General
Element One site

Element One to go vertical in Stamford

Erland Construction was awarded a prime contractor role in Element One, a planned Stamford apartment complex that will total 175 units. Norwalk-based Fuller Development is leading the project at 111
Categories: General
Sikorsky

UTC eyes Q3 for Sikorsky sale, spin

United Technologies confirmed it plans to sell or spin off Sikorsky Aircraft, with the goal of finalizing plans by the end of October. Hartford-based UTC (NYSE: UTX) announced in March it was
Categories: General
Chase Carey and Rupert Murdoch

Reports: Murdoch, Carey stepping down at Fox

Rupert Murdoch reportedly is handing control of 21st Century Fox to his son James Murdoch, with New Canaan resident Chase Carey also relinquishing his role as chief operating officer while remaining
Categories: General