Flag Capital

Stamford firm acquired by Scottish giant

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A big U.K. asset management firm is acquiring Flag Capital Management, which has offices in Stamford, Boston and Hong Kong. Aberdeen Asset Management did not state what it paid for Flag, which as of December managed assets totaling $6.3 billion in capital invested in venture capital and private equity funds and other financial vehicles. Aberdeen’s […] [Read More]
Categories: General
IRS

ID thieves hack IRS

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The IRS announced that criminals hacked into 100,000 tax accounts through the agency’s “Get Transcript” application, possibly with the intent of siphoning off returns in next year’s filing season. The IRS shut down the application temporarily and is providing free credit monitoring services for taxpayers whose accounts were accessed. The breaches did not involve the IRS’ […] [Read More]
Categories: General
Stamford construction

DOL: Conn. private sector shed jobs in April

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Connecticut’s private sector shed 300 jobs in April, according to estimates by the U.S. Department of Labor, but an increase in government employment resulted in an overall 1,200 jobs gain for the month, lowering the unemployment rate by a tenth of a percentage point to 6.3 percent. Statewide, construction had the single best month-over-month jobs […] [Read More]
Categories: General
Ctrip

Priceline ups stake in China travel website

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Priceline Group (Nasdaq: PCLN) is investing an additional $250 million in Ctrip.com International (Nasdaq: CTRP), which operates travel booking websites focused on the China market. Priceline has its headquarters in Norwalk and owns Kayak Software, based in Stamford. Combined with a convertible $500 million bond in August 2014, Priceline will hold 15 percent of Ctrip’s […] [Read More]
Categories: General
TWC

For $56.7B, Stamford’s Charter acquiring Time Warner Cable

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UPDATED AT 8:47 a.m. In a Tuesday conference call, Charter Communications CEO Tom Rutledge said Charter will rebrand Time Warner Cable operations under its Charter Spectrum brand, without specifying a timetable for the conversion. UPDATED at 8:30 a.m. Rutledge expresses confidence that regulators will approve Charter’s proposed acquisition of Time Warner Cable, saying it will not […] [Read More]
Categories: General
RAIDER_Press3

Sikorsky pilots fly S-97

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For the first time, a Sikorsky Aircraft pilot flew the S-97 Raider, a helicopter derived from the Stratford-based manufacturer’s X2 prototype that broke speed records in 2010. Like the X2, the S-97 Raider includes stacked, counter-rotating rotor sets, and a rear-mounted “pusher prop” boosting it to a cruising speed of about 275 miles an hour, […] [Read More]
Categories: General
Sikorsky MH-60

Sikorsky in $1.9B sale to Saudi Arabia

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Saudi Arabia is spending $1.9 billion for 10 helicopters from Stratford-based Sikorsky Aircraft equipped with engines from the GE Aviation unit of Fairfield-based General Electric. The deal was approved by the U.S. Department of State and is subject to the approval of Congress. Saudi Arabia is buying Sikorsky MH-60R helicopters for use in maritime security, […] [Read More]
Categories: General
628x471

Mannkind investors allege stock manipulation

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Investors who are bullish on Mannkind expressed their frustration Thursday during the company’s annual meeting that executives aren’t doing more to address the significant short positions on the stock and efforts to manipulate the stock price. One investor went so far as to ask the company why they haven’t filed a complaint with the Securities […] [Read More]
Categories: General