WWE Q3 profit drops

on
Stamford-based wrestling entertainment behemoth WWE said Thursday that third-quarter net income declined to $2.4 million, or 3 cents per share, compared with $3.5 million, or 5 cents a share, in the prior year quarter. Revenue climbed 9 percent to $113.3 million, driven by a gain in rights fees from the licensing of television content. Operating […] [Read More]
Categories: General

Webster Bank named top SBA lender in CT

on
The Small Business Administration has named Webster Bank its top lender in Connecticut, in total units and dollars. This is the bank’s sixth consecutive win in this designation, indicating that Webster Bank has facilitated millions of dollars in loans, contracts, loan guarantees and other forms of assistance for small businesses and entrepreneurs. Webster is also […] [Read More]
Categories: General

Developers have plans for Stamford’s ‘Hole in the Ground’

on
A gash in the earth that has marred Stamford’s business district for more than two decades might soon be filled with a mixed-use development that would bring many hundreds of residents to the area, as well as shoppers and customers of a planned hotel. Overlooking the 4.3-acre site that has acquired the disparaging monicker “the […] [Read More]
Categories: General

Time to pony up taxes on Amazon buys

on
  Attention shoppers: The era of tax-free shopping over Amazon.com will close tonight at 11:59 p.m. Shopping resumes at 12 a.m. — with a 6.35 percent state sales tax. That change, part of a broader settlement between state officials and the Seattle-based retailing behemoth, was first announced in February. It could bring in $15 million […] [Read More]
Categories: General

Olympus Partners sells Neptune Finance investment

on
Olympus Partners, a Stamford-based private equity firm, has sold its investment in Neptune Finance CLS. It did not release the identity of the buyer. The firm formed Neptune to create a diverse portfolio of senior second loans in April 2008 to take advantage of the massive decline in the pricing of senior loans due to […] [Read More]
Categories: General

Trader Joe’s opens in Stamford Oct. 31

on
It’s here. The long-awaited Trader Joe’s in Stamford’s High Ridge Center opened its doors Thursday, filling the huge space which, for decades, was home to Borders Books. Residents of Stamford and neighboring towns keen to get their hands on some of the supermarkets’ distinctive products – pumpkin pancake mix, anyone? – have lobbied for the […] [Read More]
Categories: General

Attention world: Empire State Building getting new lighting

on
Yesterday, we here at Financial Mines gave the 4-week update on the Empire State Realty Trust stock — up about 9 percent, to $14.13 or so, since it began trading in early October. Today, we bring news of “a special surprise and gift to New York City and the world,” according to an ESRT release […] [Read More]

Westport island-wear outfit offers hoodies and yoga

on
Prepster Pineapple, a new island-wear apparel outfit in Westport, has introduced a line of hoodies and yoga pants. “So comfy, you won’t want to take them off!” promises Jennifer Schiff, who runs the e-commerce business. The new items — which complement a Hawaii-themed stock of T-shirts, polo shirts, bucket hats, etc. — continues the business’s […] [Read More]
Categories: General