Stamford Newswire

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  1. Attaining long-term 8 percent return possibleRead the original story w/Photo

    20 hrs ago | News Times

    In my column of Jan. 4, we talked about 8 percent as a potentially attainable return for an investor with a long time horizon -- say, a youth starting his first job, or a young grandchild who inherits an IRA . Many of you emailed me asking to give some examples of such historical returns.

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  2. Fran Pastore: ALICE Does Live HereRead the original story w/Photo

    Yesterday | News Times

    It was 1974 when Ellen Burstyn won an Academy Award for her portrayal of Alice, a single mom trying to get by on a waitress salary in the movie, "Alice Doesn't Live Here Anymore." More than 40 years later, a recent report by the United Way found that ALICE still lives, and tries to survive, on a meager income in the state of Connecticut.

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  3. Renters and owners dividedRead the original story w/Photo

    Yesterday | News Times

    While renting has become an important part of the living landscape in many parts of Connecticut, there is sharp segregation between renters and buyers in Fairfield County. The real estate website Trulia published an analysis late last year examining metropolitan statistical areas where renters and owners live side by side, finding that Fairfield County has the second-highest rate of segregation between homeowners and renters in the nation, trailing only Newark, N.J. And while some communities locally are having trouble attracting buyers into the home market, for others -- like Greenwich -- that's the only game out there.

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  4. Julie Jason: Attaining long-term 8 percent return possibleRead the original story w/Photo

    Yesterday | News Times

    In my column of Jan. 4, we talked about 8 percent as a potentially attainable return for an investor with a long time horizon -- say, a youth starting his first job, or a young grandchild who inherits an IRA . Many of you emailed me asking to give some examples of such historical returns.

    Comment?

  5. AvalonBay weighs anchor on Stamford HarborRead the original story w/Photo

    Thursday | News Times

    Executives with TGM Associates recently sold the Willow Grove apartment complex in Danbury shortly before acquiring the Avalon complex at Stamford Harbor. TGM Willow Grove - Danbury, CT Photo: Contributed Photo AvalonBay Communities sold its Stamford Harbor apartment complex and adjacent marina for $115.5 million to TGM Associates , a New York City-based real estate company that owns TGM Village at Stamford Apartments on Bedford Street.

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  6. New Canaan man gets 13 years for Ponzi schemeRead the original story w/Photo

    Thursday | News Times

    Francisco Illarramendi, of New Canaan, former head of Michael Kenwood Group in Stamford, was sentenced to 13 years in federal prison on Thursday for his role in a Ponzi scheme that bilked millions from investors. Photo: Ned Gerard, ST Four years after pleading guilty to five charges stemming from what prosecutors call the largest Ponzi scheme uncovered in Connecticut, the former owner and operator of several Stamford-based hedge funds was sentenced to 13 years in federal prison on Thursday.

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  7. Venezuelan hedge fund manager gets 13 years in prisonRead the original story w/Photo

    Thursday Jan 29 | News Times

    Nearly four years after he confessed to running a massive fraud scheme, a former hedge fund manager is expected to be sentenced in a Connecticut case that had its biggest fallout in Venezuela, where the state oil company had hundreds of millions of dollars invested with the disgraced financier. As the director of several funds in Stamford, prosecutors say Illarramendi lied repeatedly to investors and creditors as he tried to cover up investment losses exceeding half a billion dollars, taking $20 million for himself including $5 million to build a lavish home in New Canaan.

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  8. Sikorsky registers big 2014 gainRead the original story w/Photo

    Wednesday Jan 28 | News Times

    During a fourth quarter of changes for its parent company, United Technologies, Sikorsky Aircraft increased sales by $1.2 billion in 2014, a 19 percent gain even as it warned of turbulence ahead as military sales dwindled. UTC increased profit 10 percent from a year earlier to $1.47 billion, or $1.62 per diluted share, compared with $1.46 billion, or $1.58 a share, in the year-earlier period.

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  9. Bill would institutionalize ad-hoc aid to small businesses hurt...Read the original story w/Photo

    Wednesday Jan 28 | News Times

    The terminus of Golden Hill Street at Main Street in Bridgeport, in the north district that's to be redeveloped. Under a Connecticut General Assembly proposal, business owners would have recourse to tap funds in the event of prolonged construction near their premises impacting foot traffic and sales, with a potential impact on downtown Bridgeport developments.

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  10. Metro-North weathered the storm wellRead the original story w/Photo

    Wednesday Jan 28 | News Times

    Commuters at the Fairfield Metro train station come in from New York City as blizzard conditions gear up on Monday, Jan. 26, 2015. Metro-North Railroad is getting high marks for its performance during this week's blizzard, and for a smooth restoration of full service Wednesday.

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  11. Stamford rep. takes up cause of small businesses buried in someone else's construction dustRead the original story w/Photo

    Wednesday Jan 28 | News Times

    The terminus of Golden Hill Street at Main Street in Bridgeport, in the north district that's to be redeveloped. Under a Connecticut General Assembly proposal, business owners would have recourse to tap funds in the event of prolonged construction near their premises impacting foot traffic and sales, with a potential impact on downtown Bridgeport developments.

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  12. Adding diversity to young adult novelsRead the original story w/Photo

    Tuesday Jan 27 | News Times

    Jessica McCadden poses for a photo in the Young Adult section of the Ferguson Library in Stamford, Conn., on Friday, January 23, 2015. McCadden is writing chapter eight of the mystery "The Great CT Caper," which is being written by twelve Connecticut writers who are each writing one chapter.

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  13. Conair expanding in StamfordRead the original story w/Photo

    Monday Jan 26 | News Times

    Having secured a new Stamford facility at 23 Barry Place, Conair is awaiting a decision from the state on a potential $9 million financing package if it adds 250 jobs. Conair plans to add as many as 250 jobs in Stamford, if Connecticut officials approve $9 million in funding for the hair care and household products company.

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  14. A front-end loader clears Chapin Road in New Milford during the blizzard of 1978.Read the original story w/Photo

    Monday Jan 26 | News Times

    Views of downtown New Haven after the Blizzard of 2013 on Tuesday February 12, 2013. The blizzard left many towns and cities buried under two to three feet of snow.

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  15. Life of pelicans takes flight in new filmRead the original story

    Monday Jan 26 | News Times

    Filmmaker Judy Irving films a scene wtih Gigi, a brown pelican picked up from San Francisco's Golden Gate Bridge in 2008. Gigi, and other pelicans, became the focus of Irving's 2014 film "Pelican Dreams," which will be shown on Wednesday, Feb. 4, 2015, at the Avon Theatre in Stamford, Conn.

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  16. Photos: Weekend snowstormRead the original story w/Photo

    Sunday Jan 25 | News Times

    Josephine Schaefer, 1, watches as her mother, Arley, adds arms to their snowman in Stamford, Conn., on Saturday, January 24, 2015.

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  17. Trending: Where the lawyers liveRead the original story w/Photo

    Saturday Jan 24 | News Times

    Attorney David Lehn, a partner in the firm, Withers Bergman, at his firm's office in Greenwich, Conn., Friday, Jan. 23, 2015. Photo: Bob Luckey Attorney David Lehn, a partner in the firm, Withers Bergman, at his firm's office in Greenwich, Conn., Friday, Jan. 23, 2015.

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  18. Rippowam Labs makes new space in StamfordRead the original story w/Photo

    Friday Jan 23 | News Times

    As Shavinesh Sukesh kicked back Wednesday evening beside a 3-D printer he is building from scratch, Chandni Thawani activated the turn signals on a cyclist's jersey that she had stitched together for night riders. Just another night at Rippowam Labs , Stamford's "makerspace" group that in late November moved into its first permanent location on Summer Street, above the Castle Bar & Grill .

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  19. GE cutting jobs in oil industry unitRead the original story w/Photo

    Friday Jan 23 | News Times

    General Electric is cutting jobs at its GE Oil & Gas division , in response to plunging oil prices that resulted in a 6 percent drop in revenue at the unit, denting GE's overall growth in the fourth quarter and for 2014. General Electric is based in Fairfield, with its GE Capital division having its headquarters in Norwalk, which has major offices in Stamford and Danbury.

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  20. Amore Cucina & Bar a return to formRead the original story w/Photo

    Friday Jan 23 | News Times

    As Bruno DiFabio reflected on his career coming full circle at the new Amore Cucina & Bar in Stamford's Springdale neighborhood, the restaurant's wood-fired pizza oven basked the back of the eatery in warmth on an otherwise chilly January morning. DiFabio, of Ridgefield, never lost the warm place in his heart for the restaurant that launched his career in the business.

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