Cenveo explains sales of shares

on
In September 2013, Stamford-based acquired certain assets of National Envelope through the bankruptcy process. As part of the consideration for the acquisition, Cenveo issued about 2.1 million shares to the debt holders of National Envelope. Under the terms of the purchase agreement, the debt holders were restricted from selling the Cenveo shares for a period […] [Read More]
Categories: General

Silgan Holdings elects Jordan to board of directors

on
Joseph Jordan, formerly a partner of KPMG for more than 25 years, has been elected to the board of directors of Silgan Holdings, Stamford-based supplier of rigid packaging for shelf-stable food and other consumer goods products. He replaces Jeffrey Crowe who had previously resigned from the board. Jordan will serve as a Class III director […] [Read More]
Categories: General

GE Capital Retail, Sam’s extend relationship

on
Sam’s Club, a division of Wal-Mart Stores, has finalized a multi-year agreement with GE Capital Retail Bank, a unit of Fairfield-based General Electric, to extend their existing relationship to provide Sam’s Club-branded credit cards to club members in the U.S. and Puerto Rico. As part of the extension, GE Capital’s Retail Finance business will continue […] [Read More]
Categories: General

PQ Media predicts growth in China’s media sector

on
China’s overall economy is slowing growth, but its media sector will grow at double-digit percentages in the near term, according to Stamford-based PQ Media, which has said China’s media and technology spending will rise 13.2 percent to $256 billion in fiscal year 2014. Although China’s overall economy slowed to an 8 percent growth rate, it […] [Read More]
Categories: General
Economy

U.S. unemployment rate still 6.7 percent

on
The national unemployment rate held steady at 6.7 percent in March, according to new numbers released this morning by the federal Bureau of Labor Statistics. The federal labor agency says America’s employers added 192,000 jobs last month. Today’s numbers come as Congress works on new legislation to bring back unemployment benefits for people who have been […] [Read More]
Categories: General

Xerox rolls out HOV/HOT lane enforcement technology

on
High occupancy carpooling lanes are critical to combating roadway congestion. However, their benefits are severely limited when motorists do not abide by the rules. Xerox has launched its Vehicle Passenger Detection System, a HOV/HOT lane compliancy test system that uses Xerox video analytics to identify the number of occupants in a vehicle. Unlike competing technology, […] [Read More]
Categories: General

Stamford-based TrackMan, ChyronHego partner

on
ChyronHego and TrackMan, a Stamford-based provider of radar technology for sports, have announced a strategic partnership in baseball player and ball tracking technology. The combined technology is a non-invasive offering that provides quality data for player evaluation, coaching and fan experience analysis in a converged infrastructure. Teams can now develop customized analytics while maintaining their […] [Read More]
Categories: General

Biomass plant in Bulgaria will use GE gas engines

on
To reduce Bulgaria’s heavy dependence on imported energy, a biomass-to-energy plant powered by GE’s Jenbacher gas engine technology is being built near Stroevo, in Plovdiv province. The 5-megawatt Karlovo plant will use three of GE’s fuel-flexible, robust and high-efficiency Jenbacher engines — one J612 and two J620 units — powered by syngas derived from straw […] [Read More]
Categories: General