USDA

Darien man charged with USDA scam

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A Darien man was charged Monday with defrauding banks under a loan guarantee program intended to boost U.S. agricultural exports to other countries. Pablo Calderon, a 59-year-old resident of Darien, was accused of filing altered documents under a U.S. Department of Agriculture program to secure loans and collect fees on the transactions, along with Minneapolis […] [Read More]
Categories: General
TotalHousehold

Bethel company in “Shark Tank”-style competition

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The Bethel-based home contractor search engine TotalHousehold is the lone Fairfield County entrant of 10 total in the Entrepreneur Innovation Awards, a “Shark Tank”-style competition sponsored by Connecticut Innovations and CTNext. The event is scheduled for Thursday, March 19 from 5 p.m. to 8 p.m. at the Palace Theater in Stamford. Startups will compete for […] [Read More]
Categories: General
RVLT

Stamford LED co. doubles in size

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Revolution Lighting Technologies doubled the size of its workforce last year to just over 200 people, with the Stamford-based LED maker having grown rapidly via acquisitions under CEO Bob LaPenta. Revolution Lighting (Nasdaq: RVLT) brands include Seesmart, Array Lighting, Lumificient, Sentinel and Relume, competing with General Electric, Hubbell, Royal Philips and Acuity Brands among other LED […] [Read More]
Categories: General
Praxair

Praxair expansion financing before commission

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The Connecticut State Bond Commission considers Tuesday a $10 million loan to Praxair that will be forgiven if the company adds 120 jobs to its current state workforce of 535 people. Danbury-based Praxair (NYSE: PX) supplies industrial gases, employing nearly 27,800 people globally as of December and recording profits of $1.7 billion last year. Praxair […] [Read More]
Categories: General
Del Monte

Chefs’ Warehouse marks 2014 gains

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Chefs’ Warehouse boosted its workforce by 120 employees last year, giving it about 1,280 people in all. Chefs’ Warehouse (Nasdaq: CHEF) supplies restaurants and grocery stores with meat, seafood and gourmet specialty foods, also selling online to consumers. The Ridgefield-based company operates large distribution centers in New York City, Chicago and San Francisco. For the […] [Read More]
Categories: General

GE sells Aussie, N.Z. consumer lending arm

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General Electric (NYSE: GE) is selling its GE Capital consumer lending operations in Australia and New Zealand, at an enterprise value of $6.3 billion. KKR, Deutsche Bank and Värde Partners announced the deal in a Sunday press release, without stating what they paid GE. GE Capital’s consumer finance operations in Australia and New Zealand provide […] [Read More]
Categories: General
ISG

Energy, retail angst boosts Stamford co.

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Information Services Group added 100 employees in the past year to give it more than 900 people in all, with the Stamford-based company helping others strategize how to outsource operations and information systems, including moving data and applications to the cloud. In the fourth quarter, ISG (Nasdaq: III) earned $650,000, or 2 cents a share, […] [Read More]
Categories: General

Stamford broker deals for Sterne Agee unit

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The Stamford-based broker-dealer CRT Capital Group is acquiring the international equity business of Sterne Agee Group, which itself is being sold to Stifel for $150 million. CRT did not state financial terms of its deal, which includes Sterne Agee’s equity sales, trading and research distribution platform. maintaining offices in New York, Boston, Chicago, Dallas, San […] [Read More]
Categories: General