Berkley reports fourth quarter drop

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W.R. Berkley Corp., Greenwich-based insurance holding company, reported fourth quarter 2013 net income of $130.4 million or 93 cents per diluted share, compared with $165.5 million or $1.17 per diluted share for the same period in 2012. For the year, the company reported net income of $499.9 million or $3.55 per diluted share, compared with […] [Read More]
Categories: General

Crane reports hike in net income

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Crane Co., Stamford-based manufacturer of highly engineered industrial products, reported fourth quarter 2013 earnings of $49.7 million or 84 cents per diluted share, compared with $45.6 million or 79 cents per share in the fourth quarter of 2012. Fourth quarter 2013 sales of $681.4 million increased $51.7 million, or 8.2 percent, compared with $629.8 million […] [Read More]
Categories: General
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State loses jobs as unemployment rate declines

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Connecticut’s unemployment rate fell for the fourth straight month in December, but the state lost thousands of jobs even as the rate went down. New numbers out Tuesday from the Bureau of Labor Statistics put the state’s unemployment rate at 7.4 percent, down slightly from the November figure of 7.6 percent. But the federal agency […] [Read More]
Categories: General

Starwood to open 30 new hotels in 2014

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In a sign of growth in the leisure and hospitality industry, Starwood Hotels today announced plans to open 30 new hotels in North America this year. The Stamford-based hotel operator cited a strong demand for its “Specialty Select” brands–Four Points by Sheraton, Aloft and Element. According to the press release, Starwood last year rolled out […] [Read More]

Xerox offers improvements to Veterans Health Administration

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Norwalk’s Xerox has been selected to improve the healthcare claims pricing strategy for the Department of Veteran Affairs, Veterans Health Administration. Xerox will help the VHA meet new federal guidelines for non-contracted home health and hospice services provided by non-VA medical providers, a press release said. Xerox’s services give the VHA the ability to price […] [Read More]
Categories: General

Connecticut Innovations, Stonehenge Capital invest in iDevices

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Connecticut Innovations has invested $1.5 million through the Eli Whitney Equity Fund in iDevices, an Avon-based provider of app-enablement solutions. The $4.25 million round, which included a $1.5 million investment from Stamford-based specialty finance company Stonehenge Capital and a $1.25 million investment from angel investors, provides iDevices with working capital to scale the business, increase […] [Read More]
Categories: General
Carl Russell, of Pearce Real Estate, was named to the company's 2013 Chairman's Circle

Milford real estate agent honored

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Carl Russell was inducted into Pearce Real Estate’s 2013 Chairman’s Circle. Russell works out of the company’s Milford commercial real estate office. He was one of 10 winners in the company. “These agents are truly to be commended for doing such as outstanding job in such a challenging market,” said Barbara L. Pearce, president of […] [Read More]
Categories: General
Diageo Acquires Super-Premium Tequila Brand Peligroso. (PRNewsFoto/Diageo)

Diageo picks up “super-premium” tequila

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Diageo, the global leader in spirits, beer and wine that runs much of its operations out of Norwalk, announced Monday that it’s added the “super-premium” tequila brand Peligroso to its portfolio. The move comes three weeks after the company launched a joint venture with Sean “Diddy” Combs that acquired “prestige brand” DeLeon. “Acquiring Peligroso is […] [Read More]
Categories: General