GE Capital plans IPO as step out of Retail Finance

on
General Electric is planning an IPO of its North American retail finance business next year as a first step in exiting the business. In a filing with the SEC on Friday, GE Capital said it expects to complete the IPO in 2014, selling up to 20 percent of the equity in the unit. The remaining […] [Read More]
Categories: General

CT AAII to host event with Stephen Leeb, economist

on
The CT Chapter of the American Association of Individual Investors will host a program with Stephen Leeb, economist, author, publisher and money manager. The event will run from 6 p.m. to 9:15 p.m. Thursday, Nov. 21, with registration at 6, dinner at 7 and the talk at 8, at The Waters Edge at Giovanni’s II, […] [Read More]
Categories: General

Foreign trade boosts Connecticut economy

on
A Business Roundtable report has revealed that 30 percent of Connecticut goods exports went to Trans-Pacific Partnership countries in 2012. Connecticut businesses exported about $3.6 billion worth of goods to the six TPP countries that are current bilateral U.S. free trade agreement partners — Australia, Canada, Chile, Mexico, Peru and Singapore — in 2012, accounting […] [Read More]
Categories: General

Attorney thinks SAC trader looking safe in trial

on
Today begins the latest step in the government’s probe of Stamford-based hedge fund SAC Capital Advisors — money manager Michael Steinberg goes on trial at Manhattan federal courthouse for insider trading charges. We at Financial Mines got an email from Chicago securities attorney Andrew Stoltmann, who thinks prosecutors face an uphill climb and are unlikely […] [Read More]

Chambers to host expo in Trumbull

on
The Greater Valley Chamber of Commerce and the Bridgeport Regional Business Council and its Bridgeport, Stratford and Trumbull Chamber of Commerce affiliates will host the Come Together for Business Expo 2013 on Monday from 12:30 to 6:30 p.m. at the Trumbull Marriott, 180 Hawley Lane. The luncheon speaker will be James Smith, chairman and CEO […] [Read More]
Categories: General

XPO Logistics buys Optima Service Solutions

on
XPO Logistics, Greenwich-based provider of transportation logistics services in North America, has acquired Optima Service Solutions, a non-asset provider of last-mile logistics services for major retailers and manufacturers in the United States. The cash purchase price was $26.6 million with no assumption of debt. Founded in 1997, Optima had revenue of $35.7 million for the […] [Read More]
Categories: General

ACG chapter hosts private equity expo

on
More than 300 middle-market dealmakers are expected to attend the Connecticut chapter of the Association for Corporate Growth Private Equity Expo on Dec. 6 from 7:30 to 10 a.m., at the Stamford Marriott, 243 Tresser Boulevard. Among them will be private equity professionals, investment bankers, lenders, corporate development officers, lawyers and other service providers focused […] [Read More]
Categories: General

Blyth rejects unsolicited conditional bid from CVSL

on
The board of directors of Blyth, a Greenwich-based direct-to-consumer company and designer and marketer of health and wellness products, beauty products and candles and accessories for the home sold through the direct selling and direct marketing channels, has unanimously rejected the unsolicited conditional proposal from CVSL to acquire the company. The board said it retained […] [Read More]
Categories: General