Starwood Hotels plants Sheraton flag on Samoa

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Starwood Hotels plants Sheraton flag on Samoa Starwood Hotels & Resorts Worldwide has signed management agreements to operate the Aggie Grey’s Hotel & Bungalows and Aggie Grey’s Lagoon, Beach Resort & Spa on the island of Upolu Samoa. The hotels will join the Stamford-based Starwood Hotels & Resorts group and will re-launch as the Sheraton […] [Read More]
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GE Capital finances new partnership’s acquisition of Universal Helicopters

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GE Capital finances new partnership’s acquisition of Universal Helicopters GE Capital is providing a $10 million senior credit facility to a group of investors to purchase and operate Universal Helicopters Newfoundland and Labrador, a regional helicopter services company. The new owners, through a limited partnership formed by Nunatsiavut Group of Cos., Tasiujatsoak Trust and CAPE […] [Read More]
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Save the Children plans move to Fairfield

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Save the Children announced its plans to relocate next spring to Riverview Office Park, 501 Kings Highway in Fairfield. The Westport-based global relief and development organization sold its nearly 60,000-square-foot Wilton Road headquarters in November to STC Green of Westport. It signed a contract with Rooster River Plaza, owner of the Riverview complex. Carolyn Miles, […] [Read More]
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Here's a glimpse of the top winners of Bridgeport-based LightningBug's index of top mobile retailers

Bridgeport tech startup ranks top 100 Internet retailers

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LightningBuy, a Bridgeport-based “mobile checkout platform” which “lets merchants sell directly from email and social media posts,” has released an end-of-year Top 100 ranking. The ranking supposedly rates the best Internet retailers’ ability to convert mobile traffic into mobile sales. This year’s winner? Clothing line Abercrombie & Fitch Co. Other big names on the list […] [Read More]
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GE finds Oklahoma City site for oil and gas center

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GE has selected a site in downtown Oklahoma City for the company’s first global research center dedicated to oil and gas technology. Fairfield-based GE’s new center will create 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies. GE has invested about […] [Read More]
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Urgent Care to expand into Groton

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Brookfield-based Urgent Care of Connecticut expects to open its eighth clinic, this one at Groton Square on Route 12 in Groton, in February. Urgent Care of Connecticut clinics are located in Brookfield, Glastonbury, Newtown, Norwalk, Norwich, Ridgefield and Southbury. The company said it foresees rapid expansion over the next 12 to 18 months as the […] [Read More]
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Edward Lampert is the founder of ESL investments, a hedge fund with offices on Greenwich Avenue, and chairman of Sears Holdings Corp. through his fund's controlling investment in the retail chain's parent company.
Photo: Contributed Photo, ST

Ex-Greenwich hedge funder suffers tough week

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Updated to correct two typos noted by alert reader “William”: Last week wasn’t pretty for one billion-dollar name in Fairfield County hedge funding: Edward S. Lampert. The founder of ESL Investments — who caused a stir last year when he moved his firm’s HQ from Greenwich to Bay Harbour, Fla. — disclosed that for the […] [Read More]

Terex approves 5 cent quarterly dividend

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Westport-based Terex Corporation announced its board of directors approved the initiation of quarterly cash dividends to its shareholders. The initial quarterly cash dividend of 5 cents per share will be made on Dec. 20 to shareholders of record as of Dec. 16. Additionally, the Terex board authorized a share repurchase program, allowing the company to […] [Read More]
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