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XPO Logistics to divide US brokered transportation business, divest European unit

The spinoff is expected to be completed in the fourth quarter.

BREAKING NEWS: Second international airline to operate between Stewart and Europe

The Icelandic airline PLAY announced this morning that it will soon begin flights between Europe and New York Stewart International Airport, and is already offering low-cost tickets through its website.

IBM purchases European-focused consultancy Waeg; fourth acquisition this year

The Armonk company has made nine acquisitions over the last 12 months.

Cybercriminals went after companies involved in Covid-19 response, IBM report finds

A computer security study by IBM finds companies and organizations involved in responding to the Covid-19 pandemic were attacked by cybercriminals twice as often...

Darien’s Nassau Corporate Credit expands to London

The company has approximately $3.1 billion in assets under management.

NY is vulnerable to COVID-19 coming in from other states, Cuomo...

Complacency and arrogance are threatening to undo the progress New York state has made in containing the COVID-19 virus, Gov. Andrew M. Cuomo told...

Hudson Valley ready for phase 3 reopening; Cuomo decries federal handling...

Gov. Andrew M. Cuomo today said that the Hudson Valley Region is on track to enter the third phase of the four-phase reopening plan on June 23.

Eviction moratorium for New York state renters extended until Aug. 20

Renters in New York state, both residential and commercial, are being protected from eviction through Aug. 20, it was announced May 7 by Gov....

Vote-by-mail with absentee ballots to be allowed for NY primary in...

New York state voters will have an expanded option to use an absentee ballot to vote in the June 23 primary instead of having...

Praxair to sell European businesses to Japanese firm for $5.8B

The divestiture is connected to Praxair’s proposed merger with Munich-based Linde AG and is conditioned on the transaction’s successful completion.

Vesta Partners names Achim Krüger president of European business

Vesta Partners, a Stamford-headquartered professional services firm, has hired Achim Krüger as president of Vesta Europe.

Ray Dalio’s hedge fund makes $22B in short bets against Europe

Ray Dalio’s Westport-based hedge fund Bridgewater Associates has made a total short bet of $22 billion against some of Europe’s major corporations.

Stamford crowd funding site expands European reach

Officials behind I-Bankers Direct, an investor crowd funding platform, recently announced they would be expanding their reach across seas to attract more European investors.

Immelt sounds warning on Europe; GE shares slip

Despite first-quarter earnings that beat analysts' projections, stock in General Electric Co. was down about 4 percent at noon April 19 as CEO Jeffrey Immelt warned of worse-than-expected conditions in Europe.

Starwood announces European expansion

Starwood Hotels & Resorts Worldwide Inc. announced yesterday in Berlin that it plans to open 50 hotels across Europe over the next five years.