Sikorsky MH-60

Sikorsky in $1.9B sale to Saudi Arabia

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Saudi Arabia is spending $1.9 billion for 10 helicopters from Stratford-based Sikorsky Aircraft equipped with engines from the GE Aviation unit of Fairfield-based General Electric. The deal was approved by the U.S. Department of State and is subject to the approval of Congress. Saudi Arabia is buying Sikorsky MH-60R helicopters for use in maritime security, […] [Read More]
Categories: General
628x471

Mannkind investors allege stock manipulation

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Investors who are bullish on Mannkind expressed their frustration Thursday during the company’s annual meeting that executives aren’t doing more to address the significant short positions on the stock and efforts to manipulate the stock price. One investor went so far as to ask the company why they haven’t filed a complaint with the Securities […] [Read More]
Categories: General
Here

Reuters: Greenwich PE firm eyes $4B map app

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General Atlantic reportedly could foot as much of 30 percent of an automaker consortium’s bid to acquire Here, the navigation unit of Nokia, with a deal possibly worth as much as $4 billion. General Atlantic has its main offices in Greenwich and New York City. Reuters cited two unidentified sources Thursday who said that General […] [Read More]
Categories: General
CVS

Westport fund gets small boost in CVS buy

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For $10.4 billion, CVS Health  is acquiring Omnicare, which provides pharmacy services to long-term care facilities. CVS (NYSE: CVS) is paying $98 in cash for each share of Omnicare (NYSE: OCR), a 3.6 percent premium above the issue’s closing price Wednesday. At last report, the fourth largest holder of Omnicare stock was Westport-based Iridian Asset Management, […] [Read More]
Categories: General
RHODIA

Hexcel invests $250m in France plant

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Hexcel (NYSE: HXL) is moving ahead with a new $250 million plant in France to manufacture carbon fibers, with the company selling the material for use in jet components. First announcing the plant last September, Stamford-based Hexcel is building the factory at the Osiris Chemicals plant in Roussillon, France north of Marseille, with the company stating […] [Read More]
Categories: General

Meeting about Remington, DuPont pensions planned

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A meeting for Remington Arms and DuPont retirees and widows and widowers regarding what organizers say are mismanaged pensions and benefits will be held on May 29 at 11 a.m. at the True Pentecostal Church, 1241 Barnum Ave., Bridgeport. A lawyer will be in attendance. Attendees are asked to bring their paperwork. For more information, […] [Read More]
Categories: General
UBS

UBS to pay $545m in FX probe

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UBS will pay $545 million to put behind it an investigation into the manipulation of foreign-exchange rates, superceding a previous plea agreement under which it would have paid just over $200 million. UBS is based in Switzerland and has a large trading floor in Stamford that executes foreign exchange transactions. UBS will pay a $203 […] [Read More]
Categories: General
Bright House

Charter keeps door open on Bright House

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Charter Communications said it is committed to completing its acquisition of the cable operator Bright House Networks, even as Charter reportedly negotiates to acquire the far-larger Time Warner Cable (NYSE: TWC) following that company’s failed merger with Comcast (Nasdaq: CMCSA). Charter shares (Nasdaq: CHTR) were down slightly Monday to $181.05. Stamford-based Charter said it has extended […] [Read More]
Categories: General