Chris Drury

NHL star’s restaurant to open in Norwalk

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Colony Grill Development is opening a fourth local pizza parlor in Norwalk at the Waypointe development on West Avenue. Colony Grill traces its heritage to 1935 to a Stamford tavern, eventually latching onto thin-crust, hot-oil pizzas that dominate its menu today, and that landed it a spot this year on a TripAdvisor list of the […] [Read More]
Categories: General
Kevin O'Connor

Former U.S. Attorney joins Point72

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Kevin O’Connor, the onetime U.S. Attorney for the state of Connecticut, is the new general counsel of Point72 Asset Management, whose predecessor company paid a record settlement in a broad federal investigation of insider trading in the hedge fund industry. Point72 is run by CEO Steven Cohen, who built SAC Capital into one of the […] [Read More]
Categories: General

Naugatuck Valley Savings and Loan penalty ends

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Naugatuck Valley Savings and Loan, which had been operating under a federal order to maintain minimum capital requirements, was informed this week that the enforcement action has concluded. A subsidiary of Naugatuck Valley Financial Corp. (Nasdaq: NVSL), the bank announced that its board of directors was notified in writing, by letter dated May 4,  that […] [Read More]
Categories: General
RBS

WSJ: UBS takes 10-year lease at RBS

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UBS inked a 10-year lease for 120,000 square feet of space in the Royal Bank of Scotland building at 600 Washington Boulevard in Stamford, according to the Wall Street Journal. UBS will begin relocating employees across the street from its own building at 677 Washington Boulevard in stages beginning in 2016, according to the Wall […] [Read More]
Categories: General

Ridgefield hedge fund partner gets 33 months

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David Bryson, 46, a former managing partner of Ridgefield-based New Stream Capital, received a 33-month prison sentence for his part in a fraudulent scheme that ultimately defrauded investors of $46 million. Bryson collected more than $5 million in management fees and profit sharing while participating in the scheme. Prosecutors say that in November 2007, New […] [Read More]
Categories: General

Greenwich co. candle factory back online

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Blyth stated Tuesday that it expects no major disruption to its PartyLite business, after an April 26 fire at its Batavia, Ill. plant that manufactures most of the candles PartyLite sells through home-based agents and other channels. Greenwich-based Blyth (NYSE: BTH) was forced to shut down the 500,000-square-foot Illinois plant and warehouse for a brief […] [Read More]
Categories: General
Borderfree

Pitney Bowes pays premium for Borderfree

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For $395 million, Pitney Bowes is acquiring Borderfree, a New York City-based company whose systems handle e-commerce transactions and cross-border parcel fulfillment, returns and customs among other services. Stamford-based Pitney Bowes (NYSE: PBI) offered $14 in cash for each share of Borderfree (Nasdaq: BRDR), which closed Tuesday at $6.79 before nearly doubling in value in after hours […] [Read More]
Categories: General
FTR

Frontier absorbs Q1 loss on Conn. deal

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Frontier Communications lost $51 million in the first quarter, or 5 cents a share, including costs associated with Frontier’s November acquisition of the Connecticut operations of AT&T’s telephone business. Excluding those costs, Frontier (Nasdaq: FTR) said it would have earned $21 million in the first quarter, or 2 cents a share, as its new Connecticut […] [Read More]
Categories: General