Walmart service faces questions

on
Kevin Sullivan, commissioner of the state Department of Revenue Services, is asking whether Walmart is offering an income-tax cashing service in Connecticut that encourages lower-income people to spend their refunds in stores. Walmart (NYSE:WMT), which has area stores in Shelton, Stratford and Norwalk, is offering the service in conjunction with Pasadena, Calif.-based Green Dot (NYSE:GDOT), […] [Read More]
Categories: General

Family Dollar CEO selling stock

on
The CEO of Family Dollar, which has two stores in Bridgeport and two more in Stratford, is selling 1 million to 2 million shares of his stake of the company, according to securities filings from the company. CEO Howard Levine will divest the shares over the next 10 days, the filings showed. He currently owns […] [Read More]
Categories: General
Varaderos Beach, Cuba. Credit: Emmanuel Huybrechts.

Kayak adds Cuba to itinerary – kind of

on
Kayak is adding flight and hotel listing information for Cuba, but with the United State currently limiting citizens to 12 categories of travel, Kayak will not offer links needed to book trips, stating the listings are for informational purposes only. Kayak has its main corporate office in Stamford and is a subsidiary of Norwalk-based Priceline […] [Read More]
Categories: General

Harman ups FY 2015 guidance

on
Harman International Industries raised its earnings outlook for its 2015 fiscal year by 4 percent to $715 million, excluding one-time expenses including some costs associated with its acquisitions this month of two companies that give Harman systems to control the “Internet of things.” Stamford-based Harman (NYSE:HAR) reported a 19 percent increase in sales for its […] [Read More]
Categories: General

Connecticut taxman takes on Walmart

on
Tax commissioner Kevin Sullivan is taking on Walmart, inquiring whether the company is offering an income-tax cashing service in Connecticut that Sullivan says encourages lower-income people to blow their refund in stores. Walmart (NYSE:WMT) is offering the service in conjunction with Pasadena, Calif.-based Green Dot (NYSE:GDOT), which offers prepaid cards that people can load with their […] [Read More]
Categories: General

Aircraft tracking co. climbs in 2014

on
Stamford-based Passur Aerospace (OTC:PSSR) shipped 21 systems in 2014, bringing to 185 worldwide that track aircraft for airports, airlines and businesses. Passur’s passive radar system approximates the position of aircraft every 1 to 4.6 seconds, allowing control towers to better direct traffic, while also providing data analytics through its software platform. Last year, Passur announced […] [Read More]
Categories: General

Rivo announces Li & Fung deal

on
Rivo, a provider of risk and performance management platforms with U.S. headquarters in Stratford, announced that Li & Fung, the global consumer goods supply chain, sourcing and distribution company for major retailers and brands around the world, has selected Rivo’s platform to manage risk and compliance in its global operations. Li & Fung’s primary focus […] [Read More]
Categories: General

Terex plans Feb. 17 report

on
Terex (NYSE:TEX), a lifting and material handling solutions company based in Westport, will release its fourth-quarter and year-end 2014 financial results on Tuesday, Feb. 17, after market close. The company will host a one-hour conference call to review the financial results on Wednesday, Feb. 18, at 8:30 a.m. Ronald M. DeFeo, chairman and CEO, will […] [Read More]
Categories: General