RBS slapped with $50M fine in Conn.

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A federal judge in Connecticut this week sentenced the Royal Bank of Scotland with paying $50 million as part of a plea agreement following charges that its Japanese subsidiary manipulated interest rates. Altogether, RBS accumulated $612 million in penalties for the actions of 20 traders found to have been rigging the Japanese Yen London Interbank […] [Read More]
Categories: Banking, RBS, Wall Street
ROUNDABOUT - NEW & RESALE COUTURE WINDOW

Westport-based consignment brand opens third NYC store

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Roundabout, a Westport-based resale and discount couture brand, will open another New York City location on the Upper East Side in March. The company has leased space at 1100 Madison Ave., between 82nd and 83rd Streets, currently occupied by the Lumas gallery. Roundabout made its first foray into the Manhattan market in 2008, with its […] [Read More]
Categories: General

New Stamford downtown luxury rental tries to lure wine lovers

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In Stamford, it’s hard to miss 75 Tresser, the new apartment building on one of the city’s most visible corners–the intersection of Washington and Tresser boulevards. Among veteran news reporters and long-time residents, the roughly 3-acre site is still wistfully referred to as the “The Advocate site,” where the paper once had its headquarters. But […] [Read More]

Steelworkers target United Rentals Chairwoman in Stamford

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As part of a broader protest against Crown Holdings, a manufacturer of beverage cans and other packaging, United Steelworkers has launched a letter-writing campaign against several board of directors of the company. The union claims that despite record profits, the company forced its members to strike in September with its demands for wage cuts. In […] [Read More]

Vote for NY Fed’s Credit Film Fest finalists…

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The Golden Globes are Sunday, the Oscars are around the corner, but you can vote for Best Picture today in the New York Fed’s annual “Savvy Credit Video Festival.” There are 20 nominees produced by students at 11 different colleges and universities in the New York Fed’s region. Following public input, a “celebrity panel” will […] [Read More]
Categories: General

Tech Air acquires two Georgia companies

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Tech Air, a Danbury-based packager and distributor of industrial, medical and specialty gases and related welding supplies, has acquired Compressed Gases of Augusta, Ga., and A-L Welding Supply Inc., of Gainesville, Ga. Tech Air is owned by CI Capital Partners and the company’s management. “CGA and ALWS serve as strategic entry points into the highly […] [Read More]
Categories: General

Starwood Hotels shows strong growth in 2013

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Starwood Hotels & Resorts Worldwide Inc., said it opened 74 new hotels in 2013, representing about 16,200 rooms in 22 countries, expanding its footprint particularly in developing markets. The company signed 152 new hotel agreements in 2013, marking the fourth consecutive year of increased signings and the highest number of new hotel deals signed since […] [Read More]
Categories: General

Starwood Energy closes financing on Texas wind project

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Starwood Energy Group Global, a private investment firm focused on energy infrastructure, announced that an affiliate has completed agreements to finance and construct its first wind farm, a 211-megawatt project 45 miles south of Lubbock, Texas. The Stephens Ranch project, which represents the first of two phases that will total 377 megawatts, will use GE […] [Read More]
Categories: General