Fairfield County Business Journal

from March 08, 2004
Last Document: June 07, 2010

ISSN 0898-9818

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Fairfield County Business Journal

Fairfield County Business Journal, August 24, 2009

News

Crackerjack Service

According to Stevenson, his company has expanded to private ticket options as well, but remains majorly staked in the world of events as business entertainment. Because we work in the marketplace we can literally buy and sell tickets at below face value.

Ethan Allen Lures Designer Business with Bounties

The past few years, CEO Farooq Kathwari has been giving Danbury-based Ethan Allen an extreme makeover, casting to the curbside the traditional furniture store concept in favor of design centers that emphasize services as well as product sales.

Www Dot Gone

For $18 million in cash, Meckler's WebMediaBrands Inc. is selling its Internet.com sites for information technology professionals to QuinStreet Inc The move will end the CEO's association with an early online destination site for IT pros and continue an overhaul of his pioneering company once based in Darien.

Council's Quest Is More Business

The council currently meets on a bi-monthly basis. Besides McNeil, members include Jack Berg, High Ridge Management Resources; Jim Cannon, Mutual of Omaha; Karen DelVecchio, Bridgeport Regional Business Council; Steve Hodson, Hodson Realty; Garrett Sheehan, United Illuminating; Bruce Silverstone, Aquarion; Jim Somers, Peoples United; and Tom Williams, Coopers Surgical.

Patriot National Joins Funding Hunt

Based in New York City, Sandler O'Neill has advised in more than a dozen bank mergers and acquisitions this year, including the April sale agreement on some 60 National City Bank branches in the mid-Atlantic region, a deal that reportedly had elicited the interest of Bridgeport-based People's United Financial Inc. Sandler O'Neill also helps banks raise cash through the sale of non-controlling shares of equity.

Health Net Curries Clients

According to a report released this month by Families USA, insurance premiums in Connecticut grew at seven times the typical family income between 2000 and 2007, with workers bearing a larger share of the increase than employers.

Investor Acquires Stake in Darien Rowayton Bank

Last spring, the Federal Deposit Insurance Corp. issued a 25-page cease-and-desist order over what it termed were "unsafe or unsound banking practices," including being inadequately capitalized, operating without an adequate loan-review program and failing to properly account for charge offs on troubled loans it has made.