Currently viewing the category: "Wall Street"

Smith & Wesson Profits Triple For Fiscal Year

By On June 14, 2013 · 3 Comments

Smith & Wesson Holding Corp., one of two publicly traded gunmakers, said its per-share profit for the fiscal year ended April 30 tripled to $1.22, and sales were up 43 percent to $588 million.

The Springfield-based gunmaker, along with Fairfield-based  Sturm, Ruger & Co., is considered a proxy for the entire gun industry. Sales were [...]

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Nappier Joins Investor Action Over Caterpillar in Sudan

By On May 15, 2013 · 3 Comments

State Treasurer Denise L. Nappier is ramping up her shareholder activism, joining critics of Caterpillar Inc. who are pushing the mining and construction equipment giant to exit Sudan.

Using the power of the state’s $26 billion retirement fund, Nappier on Wednesday threw her support behind a shareholder resolution calling on Caterpillar to make sure its [...]

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As Ruger Posts Record Sales, We’re Still Waiting For Feinberg To Sell Freedom Group

By On April 30, 2013 · 1 Comment

No one should be surprised that Sturm, Ruger & Co. reported record sales for the first three months of 2013. Even before the Newtown tragedy, in early 2012, the Fairfield-based gunmaker had to halt new sales for a few weeks just to keep up with the crush of orders.

Now Sturm, Ruger — which [...]

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Morgan Stanley Investor Poll: Upbeat Overall, Fearful of Foreign Markets

By On April 23, 2013 · Leave a Comment

Investors are generally optimistic about the economy and financial markets but are fearful of foreign stocks, according to a new poll by Morgan Stanley. And that’s odd, since the financial services giant is among many that are recommending more overseas investment in 2013.

The poll of 1,000 investors nationwide by Morgan Stanley Wealth Management [...]

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Concord Music Acquisition Boosts Star Power For New Haven Firm

By On March 28, 2013 · Leave a Comment

For Brett D. Hellerman, CEO of Wood Creek Capital Management LLC in New Haven, buying one of the most prominent independent record companies is a coup for several reasons, not least a partnership with one of Hollywood’s revered legends.

Wood Creek’s purchase of Concord Music Group, based in Beverly Hills, a deal announced [...]

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A Lovely Trip to the Bond Market for Connecticut

By On March 11, 2013 · Leave a Comment

Connecticut’s borrowing habit is a matter of great debate — is it prudent or profligate? — but for the time being at least, reports that Wall Street is punishing the state are not just exaggerated, but wrong, according to state Treasurer Denise L. Nappier.

The latest bond sale, $400 million, was wildly oversubscribed by [...]

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State Treasurer Reviewing Gun Investments, Which Total Less Than $1M

By On December 19, 2012 · 7 Comments

Connecticut’s pension funds hold less than $1 million in direct holdings in firearms manufacturing firms, state Treasurer Denise L. Nappier said late Wednesday, but her office is reviewing indirect holdings and will “scrutinize” its policy on all gun-related investments.

The state’s pension funds, with more than $23 billion in total value, is limited to $57,233 [...]

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After Outcry, Wall Street Firm That Owns Maker Of Newtown Rifle Exiting Firearms Industry

By On December 18, 2012 · 25 Comments

The private equity firm that owns Remington Arms, Marlin Firearms and Bushmaster, which made the gun used in the Newtown killings, is selling the businesses as a result of the outcry over weapons since Friday.

Those gun-makers and several others are part of a company called Freedom Group, which has become a dominant force in [...]

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Westport Financial Advisor Charged With Insider Trading After Takeover Bid

By On November 30, 2012 · Leave a Comment

The SEC’s aggressive enforcement of insider trading laws continued Friday as a Westport advisory firm founder , I. Joseph Massoud, agreed to pay $1.4 million and exit the industry to settle charges he illegally made $676,000 based on information he received as a bidder for a financial firm.

Massoud, 44, and his firm, Compass Group [...]

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Stamford Hedge Fund Charged In $276M Insider Trading Case; Wall Street Journal Reports Steve Cohen Implicated

By On November 20, 2012 · Leave a Comment

An affiliate of Stamford hedge fund SAC Capital and its former manager were charged in a $276 million insider trading case Tuesday and accused of acting undisclosed drug research.

The Wall Street Journal, citing anonymous sources, is reporting that Steven Cohen, founder and owner of SAC, is implicated in the allegations and was [...]

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