Greenwich embezzler gets four years

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UPDATED 4:14 p.m. Former Contrarian Capital Management executive Lawrence J. Herzing was sentenced to four years in prison, following his January conviction for embezzling $9.2 million from the Greenwich hedge fund. Herzing, a 45-year-old resident of Greenwich, was ordered to pay full restitution and will be under supervision for three years following his release from […] [Read More]
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SPG App

Starwood debuts Apple Watch app for keyless entry

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Starwood Hotels & Resorts Worldwide announced an app for the Apple Watch that will allow guests to open their hotel room doors with a flick of the wrist. The SPG App can be used by members of the Stamford-based company’s Starwood Preferred Guest program at hotels equipped with SPG Keyless entry systems. Starwood (NYSE: HOT) becomes […] [Read More]
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Tom Rutledge

Report: Charter chasing Time Warner Cable

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UPDATED 4:55 p.m., Friday April 24 Charter Communications is readying a new offer to acquire Time Warner Cable, according to the Wall Street Journal, with plans to sweeten its failed offer of a year ago which was beat out by Comcast, with Comcast walking away from that deal Friday after U.S. regulators sought concessions. The […] [Read More]
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Hey preppy people, Vineyard Vines sample sale is on

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Hey Preppy People! For those of you who have officially recovered from the Pink Sunday bloodbath that was the Lilly Pulitzer for Target launch, there’s another chance to throw some elbows in an effort to snag some preppy swag. The Vineyard Vines sample sale is going on now at the company’s former headquarters in Stamford, […] [Read More]
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Boehringer reports drop in sales, income

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Executives with Boehringer Ingelheim reported a sharp decline of more than 20 percent in net income last year that was blamed on a “challenging” environment for pharmaceuticals and a slowdown in global sales for its products. The company, according to its annual financial statements released Wednesday, reported drop of income of 21 percent from 1.32 […] [Read More]
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Photo: Don Ryan, AP

NBA star to tout Harman

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Harman International Industries (NYSE:HAR) drafted Damian Lillard to promote its JBL audio products, with Lillard a two-time NBA All Star with the Portland Trail Blazers. Lillard is the first player to be signed by Harman since the Stamford-based company announced last September a licensing deal to become the official headphone, speaker and audio partner of […] [Read More]
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Stamford law firm critiques federal agency

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A consumer protection agency created under the Dodd–Frank Wall Street reform act of 2009 has an “abysmal” record to date, in the words of a Stamford law firm that studied the outcome of more than 88,000 complaints last year. Lemberg Law said its study shows that the federal Consumer Financial Protection Bureau (CFPB) delivered financial relief in […] [Read More]
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URI

United Rentals opening 18 new branches

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United Rentals is opening 18 specialty equipment rental branches this year, with the Stamford-based company a bellwether for the economy given its customer base in several key sectors including construction. In the first quarter, United Rentals (NYSE: URI) revenue was up 12 percent from a year earlier to $1.3 billion, with net income increasing 92 percent […] [Read More]
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