SAC Capital will plead guilty to insider trading, pay record penalty

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NEW YORK — SAC Capital Advisors, the high-flying, fast-trading hedge fund in coastal Stamford that’s become target No. 1 in the government’s crackdown of a new generation of Wall Street crimes, has agreed to plead guilty to insider trading and wire fraud, close its doors to outside investors, and pay the government a record sum […] [Read More]
Categories: General

Meet Simon Pearce in Greenwich, Westport this week

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Looking to start the holiday shopping a little early? Simon Pearce, the artisan glass blower behind the chain of eponymous stores, will be visiting the Greenwich and Westport outlets this week, to meet with customers and sign pieces of his glasswork. Pearce will be in the Greenwich store, 125 E. Putnam Ave., from 11 a.m. […] [Read More]
Categories: General

Reports: SAC Capital deal coming today

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SECOND UPDATE: 10:23 a.m. It’s official. The U.S. Attorney’s office has Tweeted: FIRST UPDATE: 9:59 a.m. Looks like the deal will come today.    Manhattan U.S. Attorney Preet Bharara is holding a 1 p.m. press conference today to announce “a proposed resolution” of the insider trading and related civil charges against Stamford’s S.A.C. Capital, his office […] [Read More]
Categories: General

Reported: Mandel’s Lone Pine launching fund, merging others

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  Kudos to Institutional Investor’s Alpha for keeping tabs on October changes out of Stephen Mandel’s Lone Pine Capital, one of Greenwich’s — ergo the world’s — largest and most successful hedge funds. The 16-year-old firm, one of the so-called “Tiger Cubs” that emerged from Julian Robertson Jr.’s Tiger Management Corp., currently manages some $22 […] [Read More]
Categories: Banking, General, Wall Street

Terex named top supporter of “I Make America” campaign

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Terex has joined the top tier of the “I Make America” campaign’s company supporters. The campaign, presented by the Association of Equipment Manufacturers was launched in 2010as a grassroots effot to improve American manufacturing policies. By bolstering manufacturing, the hope is to create more jobs in the U.S. and maintain the country’s competitive edge with […] [Read More]
Categories: General

Stamford practice ranks on ‘Best Law Firms’ list

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The Robinson & Cole law firm’s Stamford practice made the U.S. News & World Report’s “Best Law Firms” list, where the office’s securities and capital markets division received accolades in the first-tier metropolitan area. The firm, with nine offices throughout the Northeast, received 33 other first-tier metropolitan rankings and three national rankings, including Tier 2 […] [Read More]
Categories: General

State’s STEP UP program matches workers, employers

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The WorkPlace Inc., Southwestern Connecticut’s regional workforce development board, based in Bridgeport, reported that since its establishment last spring, 2,000 state residents have found work through the Subsidized Training & Employment Program. A total of 575 employers have taken advantage of the STEP UP as a way to recruit talent and build their businesses. STEP […] [Read More]
Categories: General

Hispanic Federation hires head of Danbury non-profit

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The Hispanic Federation has hired Ingrid Alvarez-DiMarzo for its newly created state director position in Connecticut. Based out of Hartford, she will lead HF’s recently launched expansion into Connecticut including supporting member non-profit agencies and coordinating advocacy efforts on behalf of the state’s 500,000 Latinos. With over 20 years experience in non-profit management and capacity […] [Read More]
Categories: General