Charter strikes to deal to buy Time Warner customers from Comcast

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In another game-changing deal for the cable industry, Charter Communications has struck an agreement with Comcast to pay an estimated $7.3 billion for 1.4 million existing Time Warner subscribers. The purchase would come after Comcast, the cable juggernaut, completes its $45 billion planned merger with Time Warner Cable. As a result, Charter Communications, a regional […] [Read More]
Categories: General

Emcor unit garners four government contracts

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Emcor Government Services, a unit of Emcor Group, a Norwalk-based Fortune 500 provider of mechanical and electrical construction, industrial and energy infrastructure, and building services, has been awarded four contracts to perform facilities maintenance services for four different government entities. The sites include the U.S. Coast Guard Training Center at Yorktown, Virginia; U.S. Customs and […] [Read More]
Categories: General

Westin Hotels welcomes Arianna Huffington to Westin Well-being Council

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On the heels of the recent launch of its global Westin Well-being Movement, Westin Hotels & Resorts has added Arianna Huffington to the Movement’s Well-being Council. The Well-being Movement is a $15 million campaign designed to enhance the well-being of guests and associates around the world, and Huffington’s role on the council will be to […] [Read More]
Categories: General

Pitney Bowes assists DATA Group with expansion

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DATA Group is using direct mail technology from Pitney Bowes to grow its business with direct mail operations expansion in the western part of Canada. With the help of Pitney Bowes’s technology, DATA Group extended its capabilities to provide omnichannel offerings for its clients. As one of Canada’s largest managed business communications providers, DATA wanted […] [Read More]
Categories: General

Bridgeport’s Steelpointe Harbor advances with property transfer

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As Bridgeport’s Steel Point redevelopment — Steelpointe Harbor — continues moving closer to launch, Mayor Bill Finch took another step in the process this week by signing the first property transfer documents. “The development of Steelpointe Harbor is a game-changer for Bridgeport,” Finch said, in prepared comments. “Folks in the Park City have been waiting […] [Read More]
Categories: General

GE Capital leads $135 million in credit facilities for King’s Hawaiian

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GE Capital, Corporate Finance, based in Norwalk, is the administrative agent on $135 million in senior secured financing for King’s Hawaiian, a Torrance, Calif.-based manufacturer of bread and rolls. The financing will be used to expand the company’s production capacity and for working capital. GE Capital Markets served as sole lead arranger and bookrunner on the […] [Read More]
Categories: General

Xerox sees slight drop in net income

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Xerox, Norwalk-based business process and document management company, announced first-quarter net income of $281 million or 23 cents per diluted share, compared with $296 million or 23 cents per diluted share for the same period in 2013. Total revenue in the first quarter was $5.1 billion, down 2 percent from the first quarter of 2013. […] [Read More]
Categories: General

W.R. Berkley sees jump in net income

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W.R. Berkley, Greenwich-based insurance holding company, reported net income for the first quarter of $170 million, or $1.25 per share, compared with $117 million or 83 cents per share for the same period in 2013. Written premiums increased by 11 percent, and the return on equity was 15.7 percent, according to the company. “We had […] [Read More]
Categories: General