Golf event to benefit at-risk families

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The 40th annual Dan & Yolanda Adley Memorial Golf Tournament to benefit Boys & Girls Village Inc. will take place June 1 at the Race Book Country Club in Orange. The event is sponsored in part by BIC, and the honorary title sponsor is the Village Foundation. As a key fundraising event, proceeds will benefit […] [Read More]
Categories: General

Diageo to display nutrition information

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Norwalk-based Diageo has announced its global commitment to provide macronutritional information for its products on its DRINKIQ website and on its labels where possible. This announcement is the culmination of over a decade of leadership by Diageo on the alcohol facts labeling issue. Twelve years ago, Diageo stood with a coalition of consumer and public […] [Read More]
Categories: General
Sikorsky

Sikorsky antes up $200m Poland expansion

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In its bid to win a contract from Poland for as many as 200 helicopters, Sikorsky Aircraft said it would invest nearly $200 million in a plant in Lodz outside Warsaw. United Technologies disclosed last week it is considering a spinoff of Sikorsky as an independent company. Sikorsky has its headquarters in Stratford and owns […] [Read More]
Categories: General
RBS

Report: UBS could move into RBS building

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Following Royal Bank of Scotland’s disclosure of more than 40 job cuts in Stamford scheduled for mid-May, the Wall Street Journal reported that UBS is negotiating to lease space in the RBS building opposite its own on Washington Boulevard in Stamford. Last fall, UBS listed its building at 677 Washington Boulevard for lease, with the […] [Read More]
Categories: General
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Mannkind’s $100M cash problem

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Executives with Mannkind are facing a potential cash shortfall this summer unless it can make a deal with the holders of $100 million in convertible debt due in August, The Street reported today. The Street reported that the debt must be repaid or renegotiated by Aug. 15, and the company doens’t have a lot of […] [Read More]
Categories: General
AT&T

AT&T’s Connecticut bill: $750m

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AT&T (NYSE: T) announced it spent $750 million on wireless and wireline network upgrades in Connecticut between 2012 and 2014 — coming out to nearly $100 on average annually for each of the state’s 2.5 million adults with a mobile phone, as estimated by the Pew Research Center. The company said it made more than […] [Read More]
Categories: General
Black Hawk

Mexico orders Black Hawks for drug interdiction

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For $110 million, Mexico is buying three Black Hawk helicopters from Stratford-based Sikorsky Aircraft for use combatting drug trafficking. If Congress approves the transaction, the contract would include engines from the GE Aviation division of General Electric (NYSE: GE) as well as parts, training and logistical support. It was the second major Sikorsky sale to […] [Read More]
Categories: General
CHF

Citibank sues Stamford hedge fund

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Following Switzerland’s decision to abandon an artificial ceiling for the Swiss franc against the euro, Tormar Associates has been sued by Citibank which claims the Stamford hedge fund left it on the hook for $25.2 million in losses after it bet the Swiss franc would fall in value. Tormar Associates lists its offices at 60 […] [Read More]
Categories: General