Avalon on Stamford Harbor

AvalonBay reports Stamford gain

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AvalonBay Communities (NYSE: AVB) recorded a $70.9 million gain on the $115.5 million sale of the former Avalon on Stamford Harbor apartments to TGM Associates. Now named TGM Anchor Point, the property is located on the west side of Stamford’s harbor, and includes 323 apartments and a marina with 74 slips. Avalon on Stamford Harbor yielded […] [Read More]
Categories: General
RBS

RBS sheds jobs, N.A. loans

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Royal Bank of Scotland filed notice with state regulators of 34 more layoffs in Stamford for this June, bringing to nearly 100 the number of job cuts it has reported since the start of the year. The city of Stamford reported earlier this year that RBS had 1,600 employees in Stamford as of June 2014, […] [Read More]
Categories: General

Greenwich embezzler gets four years

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UPDATED 4:14 p.m. Former Contrarian Capital Management executive Lawrence J. Herzing was sentenced to four years in prison, following his January conviction for embezzling $9.2 million from the Greenwich hedge fund. Herzing, a 45-year-old resident of Greenwich, was ordered to pay full restitution and will be under supervision for three years following his release from […] [Read More]
Categories: General
SPG App

Starwood debuts Apple Watch app for keyless entry

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Starwood Hotels & Resorts Worldwide announced an app for the Apple Watch that will allow guests to open their hotel room doors with a flick of the wrist. The SPG App can be used by members of the Stamford-based company’s Starwood Preferred Guest program at hotels equipped with SPG Keyless entry systems. Starwood (NYSE: HOT) becomes […] [Read More]
Categories: General
Tom Rutledge

Report: Charter chasing Time Warner Cable

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UPDATED 4:55 p.m., Friday April 24 Charter Communications is readying a new offer to acquire Time Warner Cable, according to the Wall Street Journal, with plans to sweeten its failed offer of a year ago which was beat out by Comcast, with Comcast walking away from that deal Friday after U.S. regulators sought concessions. The […] [Read More]
Categories: General
gt0424bzvineyard-01

Hey preppy people, Vineyard Vines sample sale is on

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Hey Preppy People! For those of you who have officially recovered from the Pink Sunday bloodbath that was the Lilly Pulitzer for Target launch, there’s another chance to throw some elbows in an effort to snag some preppy swag. The Vineyard Vines sample sale is going on now at the company’s former headquarters in Stamford, […] [Read More]
Categories: General
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Boehringer reports drop in sales, income

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Executives with Boehringer Ingelheim reported a sharp decline of more than 20 percent in net income last year that was blamed on a “challenging” environment for pharmaceuticals and a slowdown in global sales for its products. The company, according to its annual financial statements released Wednesday, reported drop of income of 21 percent from 1.32 […] [Read More]
Categories: General
Photo: Don Ryan, AP

NBA star to tout Harman

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Harman International Industries (NYSE:HAR) drafted Damian Lillard to promote its JBL audio products, with Lillard a two-time NBA All Star with the Portland Trail Blazers. Lillard is the first player to be signed by Harman since the Stamford-based company announced last September a licensing deal to become the official headphone, speaker and audio partner of […] [Read More]
Categories: General