Foreign trade boosts Connecticut economy

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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

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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

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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

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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

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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

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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

EVTV finds new ways to market a message

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Stamford-based production and marketing company EVTV has introduced a new business strategy, “Idea Agents”, a way to consolidate their branding and communications work across multiple platforms, from web-based video to banner ads to social media. The 30-year-old company is profiled in today’s Advocate, but check out one of the recent videos they’ve produced as part […] [Read More]
Categories: General

Patent Properties sees net income fall

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Patent Properties, a Stamford-based intellectual property company that develops and commercializes its portfolio of assets and is creating a disruptive licensing solution for the mass market of patent owners and users, reported a net loss of $7.1 million or 76 per diluted share for the third quarter ended Sept. 30, compared with net income of […] [Read More]
Categories: General