Biodel reports improved financial results

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Biodel Inc., Danbury-based biopharmaceutical company focused on the development and commercialization of innovative treatments for diabetes, reported a net loss for the three months ended Sept. 30 $800,000, or 4 cents per share of common stock, compared to a net loss of $5.9 million, or 42 cents per share of common stock, for the same […] [Read More]
Categories: General

State agriculture panel reports to Malloy

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State Agriculture Commissioner Steven Reviczky announced the Governor’s Council for Agricultural Development has presented its 2013 findings and recommendations to Gov. Dannel Malloy. The council’s December 2013 update (available at www.GrowConnecticutFarms.com) summarizes the council’s second year of work on Grow Connecticut Farms, the strategic plan for Connecticut’s $3.5 billion agricultural industry, and includes 12 recommendations […] [Read More]
Categories: General

Great Point closes $215 million buyout fund

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Great Point Partners, a Greenwich-based health care investment firm focused on growth investing, has closed Great Point Partners II, LP, a $215 million growth buyout fund. This new fund is larger than the firm’s prior fund, GPP I which was $156 million and exceeds the firm’s $200 million fund raising target. GPP II, like Great […] [Read More]
Categories: General

Xerox expands in Europe with Invoco purchase

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Xerox has agreed to acquire German-based Invoco Holding, expanding its European customer care services. Headquartered in Norwalk, more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. Invoco will provide Xerox’s global customer base with access to German language customer care services while […] [Read More]
Categories: General

Urstadt Biddle to repurchase shares

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Urstadt Biddle Properties Inc., Greenwich-based self-administered equity real estate investment trust which owns or has equity interests in 63 properties containing about 4.7 million square feet of space, announced a share repurchase program of up to 2 million shares of the company’s common stock, Class A common stock, Series D cumulative preferred stock and Series […] [Read More]
Categories: General

United Rentals expands operations

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Stamford-based United Rentals Inc. has announced the expansion of its specialty branch network with the addition of three new U.S. locations and three in Canada. United Rentals Power & HVAC branches in Midland, Texas, and Calgary, Alberta and Moncton, New Brunswick in Canada, will provide engineered power, heating, cooling and ventilation solutions for commercial, industrial […] [Read More]
Categories: General

Emcor unit gets Florida contract

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Poole & Kent Co. of Florida, a unit of Emcor Group Inc., provider of mechanical and electrical construction, industrial and energy infrastructure and facilities services, has been awarded a contract by the city of Sunrise, Fla., for improvements to the existing Springtree water treatment plant in Sunrise. Poole & Kent will be responsible for all […] [Read More]
Categories: General

State borrowers to receive an estimated $39 million in principal reductions

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Ocwen Financial Corp. and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1 billion joint state-federal settlement with Attorney General George Jepsen, 48 additional states and the District of Columbia and the federal Consumer Financial Protection Bureau. The settlement resolves allegations of premature and unauthorized foreclosures, violations of homeowners’ rights and protections and the […] [Read More]
Categories: General