Fairfield County Business Journal 914-358-0741 casoule@westfairinc.com Fairfield County Covers: Business services, commercial real estate, economy, education, energy, finance, health care, hospitality, law, manufacturing, retail, technology
A Wilton man pleaded guilty to defrauding banks and individuals of $8 million, by inflating the value of properties to obtain mortgages and using the funds for his own use and that of co-conspirators.
General Electric Co. holds a 10 percent stake in A123 Batteries Inc., a Boston-area company developing lithium batteries for hybrid-electric vehicles, power tools, and other devices requiring bursts of power.
A Greenwich-based diesel-fuel distributor has filed for a $400 million initial public offering of stock to pay down debt following several acquisitions.
General Electric Co. is selling its plastics division for $11.6 billion to Saudi Basic Industries Corp., a petrochemical company controlled by the government of Saudi Arabia.
Judging by wealthy capitalists backing his presidential campaign, U.S. Sen. Christopher Dodd of Connecticut has not scared off all businesses with his proposal for universal health care.
Connecticut exports rose 11 percent last year to $15.3 billion, as the state’s manufacturers benefited from favorable currency exchange rates and strong overseas economies during much of 2008.
After considering a relocation to Westchester County, N.Y., General Reinsurance Corp. is accepting a massive state package to maintain its headquarters in Stamford.
Because of a nine-month delay in absorbing a New Jersey trucking company it acquired, Velocity Express Corp. has had to restructure loan covenants to stay out of default as it looks to raise cash through the sale of its Canadian operations.