What to watch for: SAC Capital guilty plea?

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Last week,  reports were buzzing that a major shoe was about to drop in the federal government’s case against Stamford’s SAC Capital Advisors. Word on the street was that the embattled hedge fund — the brainchild of Greenwich’s multibillionaire Steven A. Cohen — could at any moment plead guilty to securities fraud, agree to stop […] [Read More]
Categories: General

CCI completes energy conversion

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Castleton Commodities International, a Stamford-based energy solutions provider, announced that one of its units, CCI Energy Solutions, has completed its first energy conversion project in New York City by partnering with Services for the UnderServed, a New York-based non-profit organization that supports individuals and families facing challenging life situations. The conversion to natural gas has […] [Read More]
Categories: General

Starwood increases repurchase authorization

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Starwood Hotels & Resorts Worldwide recently announced that the company’s share repurchase authorization has increased by an additional $250 million. As of Oct. 30, the total amount available under the authorization is approximately $614 million. Starwood Hotels & Resorts Worldwide is a Stamford-based hotel and leisure companies in the world with 1,169 properties in nearly […] [Read More]
Categories: General

Banking giant to speak at Westport women’s lunch

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Peyton Patterson, president and CEO of Bankwell Financial Group, will offer the keynote address at next Thursday’s second-annual Working Women’s Luncheon, put on by the Westport-Weston Chamber of Commerce. There are still spots open to register — $65 for chamber members; $75 for “future” members — for the event at The Inn at Longshore, which […] [Read More]

“We’ve been able to make it happen in Greenwich”

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Here’s a few highlights from my interview with Phil McIntyre, CEO of the Brand Gallery, the Greenwich-based media company. McIntyre talks about the recent launch of his new business division, Standard Directors, a live action film production operation that works with advertising agencies and high-profile clients like BBC America and Univision. On the process of […] [Read More]
Categories: General

Blyth reports quarterly loss

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Blyth, a Greenwich-based direct-to-consumer company and designer and marketer of health and wellness and beauty products, as well as candles and accessories, reported a net loss of $11.2 million or 70 cents per share for the third quarter ended Sept. 30, compared with net income of $745,000 or 4 cents per share for the same […] [Read More]
Categories: General

Sikorsky pleased with new chopper blades

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Stratford’s Sikorsky Aircraft announced yesterday that its early testing on the main and tail rotor blades of a new line of Marine Corps. helicopters has gone smoothly. The U.S. Marine Corps’ CH-53K heavy lift helicopters are being designed to carry a maximum gross weight of 88,000 pounds — or, the equivalent of six adult elephants, […] [Read More]
Categories: General

GE unit loans $22.5 million to New Orleans company

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GE Capital, Corporate Finance, a unit of Fairfield-based General Electric, provided $22.5 million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats. Founded in 1995 and headquartered in New Orleans, Laborde Marine is a privately held supplier that provides marine support to the offshore oil and […] [Read More]
Categories: General