RBS

WSJ: UBS takes 10-year lease at RBS

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UBS inked a 10-year lease for 120,000 square feet of space in the Royal Bank of Scotland building at 600 Washington Boulevard in Stamford, according to the Wall Street Journal. UBS will begin relocating employees across the street from its own building at 677 Washington Boulevard in stages beginning in 2016, according to the Wall […] [Read More]
Categories: General

Ridgefield hedge fund partner gets 33 months

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David Bryson, 46, a former managing partner of Ridgefield-based New Stream Capital, received a 33-month prison sentence for his part in a fraudulent scheme that ultimately defrauded investors of $46 million. Bryson collected more than $5 million in management fees and profit sharing while participating in the scheme. Prosecutors say that in November 2007, New […] [Read More]
Categories: General

Greenwich co. candle factory back online

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Blyth stated Tuesday that it expects no major disruption to its PartyLite business, after an April 26 fire at its Batavia, Ill. plant that manufactures most of the candles PartyLite sells through home-based agents and other channels. Greenwich-based Blyth (NYSE: BTH) was forced to shut down the 500,000-square-foot Illinois plant and warehouse for a brief […] [Read More]
Categories: General
Borderfree

Pitney Bowes pays premium for Borderfree

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For $395 million, Pitney Bowes is acquiring Borderfree, a New York City-based company whose systems handle e-commerce transactions and cross-border parcel fulfillment, returns and customs among other services. Stamford-based Pitney Bowes (NYSE: PBI) offered $14 in cash for each share of Borderfree (Nasdaq: BRDR), which closed Tuesday at $6.79 before nearly doubling in value in after hours […] [Read More]
Categories: General
FTR

Frontier absorbs Q1 loss on Conn. deal

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Frontier Communications lost $51 million in the first quarter, or 5 cents a share, including costs associated with Frontier’s November acquisition of the Connecticut operations of AT&T’s telephone business. Excluding those costs, Frontier (Nasdaq: FTR) said it would have earned $21 million in the first quarter, or 2 cents a share, as its new Connecticut […] [Read More]
Categories: General
Barry Sternlicht

Starwood Property Trust does Dublin deal

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For about $500 million, Greenwich-based Starwood Property Trust is acquiring a portfolio of offices and an apartment building in Dublin, Ireland. Starwood Property Trust (NYSE: STWD) committed $1.2 billion to new acquisitions in the first quarter, reporting net income of $120.4 million, or 52 cents a share, up 32 percent from a year earlier. The Dublin […] [Read More]
Categories: General
BiOM

SoldierSocks adds bionic ankles to list

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Stamford-based SoldierSocks said it will purchase 100 “bionic ankle” prosthetic devices from Massachusetts-based BiOM for use by soldiers who are unable to qualify for benefits from the Veterans Administration. BiOM says its T2 System is the only ankle-foot device that allows patients to achieve a normalized biomimetic response at all walking speeds on level ground. […] [Read More]
Categories: General

XPO buys East Coast port cargo co.

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On the heels of its planned $3.5 billion deal to acquire a French freight company, XPO Logistics announced a smaller deal to acquire Bridge Terminal Transport Services to expand its services at East Coast marine terminals. Greenwich-based XPO provides freight brokerage and logistics planning services, reporting net revenue of $262 million in the first quarter, […] [Read More]
Categories: General