Charter

Report: DOJ balks at cable megamerger

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In a development with potential ramifications for Charter Communications, the U.S. Department of Justice could move to block Comcast’s proposed $45 billion acquisition of Time Warner Cable, Bloomberg reported. The Wall Street Journal reported Sunday that Comcast and Time Warner executives are scheduled to meet Wednesday with Department of Justice officials on antitrust requirements for […] [Read More]
Categories: General
Frits van Paasschen

Ex-Starwood CEO gets $12m

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Former Starwood Hotels & Resorts Worldwide CEO Frits van Paasschen received $12 million in total compensation last year, with the company describing his departure as a resignation in its annual proxy to shareholders published Friday. Stamford-based Starwood (NYSE: HOT) replaced van Paasschen in mid-February with board member Adam Aron. who had been a Starwood director […] [Read More]
Categories: General
Synchrony

Synchrony steady in Q1

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Synchrony Financial (NYSE: SYF) had net earnings of $552 million in the first quarter, or 66 cents a share, as revenue rose 5 percent from a year ago to $2.6 billion. In the first quarter of 2014, net earnings were $558 million or 67 cents. Stamford-based Synchrony manages retailer credit card and finance programs, announcing […] [Read More]
Categories: General
GE

GE reports $13.6B loss

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UPDATED 9:32 a.m. As it begins the process of selling off GE Capital, Fairfield-based General Electric took a first-quarter loss of $1.35 a share, primarily from GE Capital operations it now lists as discontinued. GE shares (NYSE: GE) were up slightly in early trading Friday to $27.45. In a Friday conference call, General Electric CEO […] [Read More]
Categories: GE, General
Jack Barnes, People's United

People’s United ups Q1 earnings

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People’s United Financial reported net income of $59.2 million in the first quarter, or 20 cents a share, compared to $53.1 million or 18 cents in the first quarter of 2014. Bridgeport-based People’s United (Nasdaq: PBCT)  is the top bank in Fairfield County as ranked by deposits, with more than $7.7 billion in deposits here as […] [Read More]
Categories: General
Synchrony Financial

Synchrony staying put in Stamford

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General Electric spinoff Synchrony Financial signed a lease for more than 300,000 square feet of space at its Stamford headquarters, a major win for the city and Connecticut following confirmation of the departure of Frontier Communications, and amid continued uncertainty following GE Capital’s surprise announcement to sell off GE Capital. Synchrony (NYSE: SYF) held an […] [Read More]
Categories: General
401 Merritt 7

Brokerage confirms Frontier relocation

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The Stamford office of CBRE confirmed the headquarters relocation of Frontier Communications from Stamford to Norwalk, with the Stamford Advocate first reporting in mid-February the likelihood of a move. Frontier is taking 85,000 square feet of space at 401 Merritt 7 in the Merritt 7 Corporate Park just off the Merritt Parkway, according to CBRE’s […] [Read More]
Categories: General
Photo: Chris Beckett

Starwood launches new hotel brand

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UPDATED April 16, 9:53 a.m. Starwood Hotels & Resorts Worldwide is planning a new brand dubbed Tribute, started the project former CEO Frits van Paasschen according to the Wall Street Journal before he left the Stamford-based giant in February over differences in strategy. Hotel owners would be able to affiliate with Starwood (NYSE: HOT) under […] [Read More]
Categories: General