Mederi Therapeutics closes funding of $18.5 million

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Mederi Therapeutics Inc., Greenwich-based manufacturer and marketer of medical devices that use radiofrequency energy to treat diseases of the digestive system, announced the closing on $18.5 million, comprised of Series B preferred stock and venture debt. Participating in this round were Acadia Woods Partners and Respiratory Diagnostics, a subsidiary of Bio-Rad Laboratories, as well as […] [Read More]
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Crane Co. completes acquisition of MEI

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Crane Co., Stamford-based diversified manufacturer of highly engineered industrial products, has completed the previously announced acquisition of MEI Conlux Holdings. Crane Co. will provide additional information concerning MEI on Jan. 27, 2014, in connection with its fourth quarter earnings release and on Feb. 27, 2014, during its Annual Investor Day Conference. Founded in 1855, Crane […] [Read More]
Categories: General

Priceline.com introduces new iPhone app

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Priceline.com, Norwalk-based provider of mobile travel technology and part of The Priceline Group , launched a newly designed iPhone app for Apple’s latest iOS7 mobile operating system. The app, which is Passbook-enabled for hotels, lets travelers browse and book hotel rooms, rental cars and airline tickets, and can be downloaded for free from the iTunes […] [Read More]
Categories: General

W.R. Berkley increases share repurchase authorization

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The board of directors of W.R. Berkley Corp, Greenwich-based insurance holding company, has increased the company’s share repurchase authorization back to its previous level of 10 million shares of common stock. The 10 million share repurchase authorization represents about 7 percent of the company’s shares outstanding at Sept. 30. Repurchases may be made by the […] [Read More]
Categories: General

Starwood Hotels’ Element brand set to launch in Fargo

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Starwood Hotels & Resorts Worldwide, a Stamford-based hotel and leisure company with 1,169 properties in nearly 100 countries, will introduce its eco-wise Element brand to Fargo, N.D., in November 2015. Starwood, which has 171,000 employees at its owned and managed properties, said the “green” hotel will have 130 rooms and be located across the street […] [Read More]
Categories: General

Sturm Ruger introduces revolver

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Southport-based Sturm, Ruger & Co. has introduced the LCRx, a variation of the Lightweight Compact Revolver. Chambered in .38 Special +P, the LCRx features an external hammer that allows it to be fired in single-action mode. “Since its introduction in 2009, the LCR has become extremely popular with conceal carry customers seeking the simplicity of […] [Read More]
Categories: General

State dealing with stagnant job market

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The job market in Connecticut is slowly improving, but a seasonal unadjusted unemployment rate of 7.5 percent for the third quarter is misleading, according to The Connecticut Economic Outlook: December 2013, published by the Connecticut Center of Economic Analysis, at the University of Connecticut School of Business. The seasonally adjusted level jumps to 7.9 percent, […] [Read More]
Categories: General

CPACE funds Bridgeport office building project

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The Commercial Property Assessed Clean Energy program allocated $1.9 million to cut energy use at a 98,000-square-foot office building at 855 Main St., in Bridgeport. Through the program, building owners Forstone Capital in Darien and Spinnaker Real Estate Partners in South Norwalk, worked with M&T Bank. The energy savings realized by building owners are used […] [Read More]
Categories: General