Ctrip

Priceline ups stake in China travel website

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Priceline Group (Nasdaq: PCLN) is investing an additional $250 million in Ctrip.com International (Nasdaq: CTRP), which operates travel booking websites focused on the China market. Priceline has its headquarters in Norwalk and owns Kayak Software, based in Stamford. Combined with a convertible $500 million bond in August 2014, Priceline will hold 15 percent of Ctrip’s […] [Read More]
Categories: General
TWC

For $56.7B, Stamford’s Charter acquiring Time Warner Cable

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UPDATED AT 8:47 a.m. In a Tuesday conference call, Charter Communications CEO Tom Rutledge said Charter will rebrand Time Warner Cable operations under its Charter Spectrum brand, without specifying a timetable for the conversion. UPDATED at 8:30 a.m. Rutledge expresses confidence that regulators will approve Charter’s proposed acquisition of Time Warner Cable, saying it will not […] [Read More]
Categories: General
RAIDER_Press3

Sikorsky pilots fly S-97

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For the first time, a Sikorsky Aircraft pilot flew the S-97 Raider, a helicopter derived from the Stratford-based manufacturer’s X2 prototype that broke speed records in 2010. Like the X2, the S-97 Raider includes stacked, counter-rotating rotor sets, and a rear-mounted “pusher prop” boosting it to a cruising speed of about 275 miles an hour, […] [Read More]
Categories: General
Sikorsky MH-60

Sikorsky in $1.9B sale to Saudi Arabia

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Saudi Arabia is spending $1.9 billion for 10 helicopters from Stratford-based Sikorsky Aircraft equipped with engines from the GE Aviation unit of Fairfield-based General Electric. The deal was approved by the U.S. Department of State and is subject to the approval of Congress. Saudi Arabia is buying Sikorsky MH-60R helicopters for use in maritime security, […] [Read More]
Categories: General
628x471

Mannkind investors allege stock manipulation

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Investors who are bullish on Mannkind expressed their frustration Thursday during the company’s annual meeting that executives aren’t doing more to address the significant short positions on the stock and efforts to manipulate the stock price. One investor went so far as to ask the company why they haven’t filed a complaint with the Securities […] [Read More]
Categories: General
Here

Reuters: Greenwich PE firm eyes $4B map app

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General Atlantic reportedly could foot as much of 30 percent of an automaker consortium’s bid to acquire Here, the navigation unit of Nokia, with a deal possibly worth as much as $4 billion. General Atlantic has its main offices in Greenwich and New York City. Reuters cited two unidentified sources Thursday who said that General […] [Read More]
Categories: General
CVS

Westport fund gets small boost in CVS buy

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For $10.4 billion, CVS Health  is acquiring Omnicare, which provides pharmacy services to long-term care facilities. CVS (NYSE: CVS) is paying $98 in cash for each share of Omnicare (NYSE: OCR), a 3.6 percent premium above the issue’s closing price Wednesday. At last report, the fourth largest holder of Omnicare stock was Westport-based Iridian Asset Management, […] [Read More]
Categories: General
RHODIA

Hexcel invests $250m in France plant

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Hexcel (NYSE: HXL) is moving ahead with a new $250 million plant in France to manufacture carbon fibers, with the company selling the material for use in jet components. First announcing the plant last September, Stamford-based Hexcel is building the factory at the Osiris Chemicals plant in Roussillon, France north of Marseille, with the company stating […] [Read More]
Categories: General