Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Connecticut
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-23-2015, 11:57 AM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228

Advertisements

I guess that UBS will be keeping a bigger presence than feared in Stamford after all. They quietly renewed a lease on other space they have in Stamford. Jay

UBS in second Stamford lease - Connecticut Post

 
Old 07-23-2015, 05:09 PM
 
34,054 posts, read 17,071,203 times
Reputation: 17212
Quote:
Originally Posted by Mr_250 View Post
Keeping an eye on this. Might have some impact on Bloomfield.

From WSJ, the headquarters & CEO (for Anthem) will remain in Indiana. A synergy of $2Billion/yr can be recognized with combination of these two companies. The CEO of Cigna is very persistance on being the CEO of the combined company. He lives in Simsbury so you can almost guarantee that operations will NOT close in CT which a positive.

2 bill is several thousand heads. I would hope and expect headcount in both states.
 
Old 07-23-2015, 05:12 PM
 
34,054 posts, read 17,071,203 times
Reputation: 17212
Quote:
Originally Posted by Mr_250 View Post
No one cheered the positive article today I posted about Darien company adding 150 new jobs with a VC Investment from Baine Capital. Those kind of stories tend to get buried and no one talks about it.

!

150 new jobs is nice, but in light of insurance industry moves, Sikorsky, UTC..it isn't nearly of equal significance. It is also terrific that Amazon will offset most of the Hallmark job cuts, and hopefully with the same folks affected at Hallmark.


Courant is reporting Anthem's purchase will be announced Friday, as stock rose today in anticipation of it.
 
Old 07-23-2015, 09:00 PM
 
2,695 posts, read 3,490,263 times
Reputation: 1652
Quote:
Originally Posted by BobNJ1960 View Post
2 bill is several thousand heads. I would hope and expect headcount in both states.
I do not like this deal. Cost savings in overlap i.e. People will be let go! Not good, the only saving grace we have that will haunt this deal is regulators. Let's hope they stop the deal.
 
Old 07-23-2015, 09:08 PM
 
34,054 posts, read 17,071,203 times
Reputation: 17212
Quote:
Originally Posted by Mr_250 View Post
I do not like this deal. Cost savings in overlap i.e. People will be let go! Not good, the only saving grace we have that will haunt this deal is regulators. Let's hope they stop the deal.
I agree, as insurance employees are hardly doing unique things at competing firms, making duplicate teams available for cost savings to make the deal financially sound.

Regulators stop a deal-No chance as they would have to kill AETNA's Humana deal, also. Plus if we have the Big 4 in Finance, 4 airlines with 88% of seats, having 3 large insurers will be deemed sufficient for competition.

PS:This article is interesting, especially with UBS leasing 27,000 sq feet more.

http://www.nytimes.com/2015/07/26/bu...=business&_r=0
 
Old 07-23-2015, 10:01 PM
 
34,054 posts, read 17,071,203 times
Reputation: 17212
One would hope the Malloy administration is preparing packages to retain as many jobs as possible at all the corps involved in deals recently. It would surely require the typical hundreds of thousands per job, over an extended period of time. But if he waits for cuts to be announced, no doubt the price of any offer would be going up.
 
Old 07-24-2015, 05:36 AM
 
2,695 posts, read 3,490,263 times
Reputation: 1652
Looks like a deal has been struck! Anthem Agrees to Buy Cigna for $48.4 Billion - WSJ

Anthem will buy Cigna for $48B. Swedish (CEO of Anthem) will remain CEO/Chairman, while Cigna CEO will become COO. I'll say it again, and I believe this to be true, it is great that the Cigna CEO is the COO because he does not want to move operations out of CT. He will fight for jobs to stay here. Of Course it's the board choice, not only his.

What I don't like is already they are talking Synergy to the tune of $2B. I hate that word. Just say "hey, we have 2 HR departments...so put 2 and 2 together."

Overall, I don't think this will that devastating to CT as some might make it seem.
 
Old 07-24-2015, 09:10 AM
 
2,333 posts, read 1,489,213 times
Reputation: 922
I don't think either CT or IN will be hit disproportionately to any other state... after all these national (global in Cigna's case) companies have more employees outside of the HQ state than in it. And if the upcoming unitary tax is only assessed on HQ's, with the combined company HQ being in Indy I don't think Cigna will have a light under it to leave CT anymore. Just speculating of course.
 
Old 07-24-2015, 09:24 AM
 
2,695 posts, read 3,490,263 times
Reputation: 1652
Quote:
Originally Posted by BicoastalAnn View Post
I don't think either CT or IN will be hit disproportionately to any other state... after all these national (global in Cigna's case) companies have more employees outside of the HQ state than in it. And if the upcoming unitary tax is only assessed on HQ's, with the combined company HQ being in Indy I don't think Cigna will have a light under it to leave CT anymore. Just speculating of course.
Good point.

I bet lawmakers are kicking themselves seeing that the HQ will be in IN. That is some good revenue that will not be collected by CT.
 
Old 07-24-2015, 02:22 PM
 
Location: New London County, CT
8,949 posts, read 12,137,017 times
Reputation: 5145
CT News Junkie | Wall Street Cautiously Boosts Connecticut’s Fiscal Outlook

Oh no! Improving news... A disapointment to some I'm sure.

I assume that Rowland deserves credit for this?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Connecticut
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top