Governor to announce legislation to spur business growth

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Gov. Malloy is set to deliver a plan at 12:30 p.m. in Hartford that will encourage business growth of certain types of businesses in the state, according to a press release. No further details were provided, but the move is in keeping with Malloy’s effort to strike incentive deals with companies looking to expand. Prior […] [Read More]
Categories: General

Starwood Property Trust sets Starwood Waypoint spinoff dates

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The board of directors of Starwood Property Trust Inc., a Greenwich company that focuses on financing and managing commercial mortgage loans and other commercial real estate debt vehicles, has declared the distribution of common shares of Starwood Waypoint Residential Trust, a wholly owned subsidiary of Starwood Property Trust. The distribution will complete the spin-off of […] [Read More]
Categories: General

Urstadt Biddle buys Bethel shopping center

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Urstadt Biddle Properties Inc., Greenwich-based self-administered equity real estate investment trust, has acquired the 30,940-square-foot Bethel Hub Shopping Center in Bethel for $9 million. The center is co-anchored by a 7,596-square-foot Rite Aid Pharmacy and a 13,884-square-foot Caraluzzi’s liquor store, and other tenants include People’s Bank, which occupies a 2,500 square foot pad site with […] [Read More]
Categories: General
Karlheinz Muhr

Greenwich hedge fund returns $1 billion to investors

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Greenwich-based QFS Asset Management announced Tuesday that it would hand back nearly $1 billion in client assets. Karlheinz Muhr, chairman and CEO of QFS, said in a release: “After careful consideration, QFS has concluded that the current market environment does not offer adequate risk-adjusted opportunities for fundamentally-driven quant macro strategies, and that is unlikely to […] [Read More]
Categories: General

GE Capital, Healthcare provided $9 billion in 2013

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GE Capital’s Healthcare Financial Services business ended 2013 as one of the most active capital providers in the U.S. health care market, deploying about $9 billion in new commitments to customers in more than 200 transactions. For the fourth consecutive year, GE Capital was the top lead-arranger by volume and number of transactions completed for […] [Read More]
Categories: General

Even without Jim Beam, Diageo remains at the top of spirits industry

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Although Japanese company Suntory may have scored a major coup in the global spirits industry this week by acquiring Jim Beam, Diageo is still at the top of the market. The UK-based Diageo, which has its North American operations in Norwalk, remains the largest distiller in the world, as the New York Times reported, followed […] [Read More]
Categories: General

Stamford’s Harbor Point adds a skating rink

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According to the developer Building and Land Technology’s website, a new skating rink has opened at its $3.5 billion South End development in Stamford. The facility adds to the list of amenities, which include 12 acres of public parks as well as a new marina and boardwalk. Details are scant but the company’s Facebook page […] [Read More]

People’s United to release financial results next week

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Investors looking to see how People’s United Financial did at the end of 2013 can tune into the company’s conference call next Thursday, Jan. 16. People’s will release its fourth quarter and year-end 2013 financial results at 4 p.m. on that day, with the conference call following at 5 p.m. to discuss the announcement. The […] [Read More]
Categories: General