Latest news with #Connecticut-based
Yahoo
3 days ago
- General
- Yahoo
Trump pardons ex-Connecticut Governor Rowland and commutes Chicago gang leader Hoover's sentence
President Donald Trump has pardoned Connecticut's former Republican Gov. John Rowland, who was convicted in two federal criminal cases, including one that contributed to his resignation Trump also commuted the prison sentence for notorious Chicago gang leader Larry Hoover, a White House spokesman told Fox News Digital. Rowland was released early from federal custody in 2018 after his 2014 conviction for election fraud and obstruction of justice. That was his second stint in prison after his 2004 federal corruption conviction. In July 2004, Rowland resigned less than halfway through his third term as governor instead of testifying before a special House Committee inquiry. He pleaded guilty that year to his role in a pay-to-play scheme that included $90,000 in luxury flights on Key Air, an Oxford, Connecticut-based airline, to Las Vegas and Florida. Trump Announces Pardon For Todd And Julie Chrisley After Reality Tv Stars' Fraud, Tax Evasion Convictions He served 10 months in federal prison and several months of house arrest in that case. Read On The Fox News App Trump also commuted the sentence of Larry Hoover. Hoover, the co-founder of the Chicago gang Gangster Disciples, has been serving a life sentence at a supermax prison in Colorado. Trump Pardons Former Virginia Sheriff Convicted Of Taking $75K In Bribes He was originally imprisoned for a 1973 murder and later convicted in 1998 for operating a criminal enterprise. At the time of his 1998 conviction, Hoover was serving a 200-year sentence for the killing of drug dealer William "Pooky" Young. He later renounced his criminal activities and sought a reduced sentence. It was unclear when Hoover would be released from prison. During a 2018 meeting with Trump, Kanye "Ye" West campaigned for Hoover's freedom. "So, it's very important for me to get Hoover out, because in an alternate universe, I am him," West said, according to a White House transcript of the meeting. "And I have to go and get him free because he was doing positive inside of Chicago, just like how I'm moving back to Chicago, and it's not just about, you know, getting on stage and being an entertainer and having a monolithic voice that's forced to be a specific party." Trump also pardoned rapper Kentrell Gaulden, the Louisiana-based artist known as NBA YoungBoy who was convicted of possessing weapons as a felon and released from prison earlier this year. Also pardoned were former U.S. Rep. Michael Grimm, R-N.Y.; Kevin Eric Baisden; Mark C. Bashaw; former reality television personalities Todd and Julie Chrisley; and Tanner Mansell and John Moore, who were both convicted of stealing fish gear in federal waters. The Associated Press contributed to this report. Original article source: Trump pardons ex-Connecticut Governor Rowland and commutes Chicago gang leader Hoover's sentence
Yahoo
3 days ago
- Business
- Yahoo
LAZ Parking buys majority stake in Freight Ninja
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. LAZ Parking is now the majority stakeholder of Freight Ninja, a provider of truck, trailer and fleet parking management, according to a May 6 press release. While terms of the deal were not disclosed, the Hartford, Connecticut-based parking operator plans to accelerate Freight Ninja's growth by providing financial and operational support. LAZ Parking is no stranger to fast growth — it has scaled from 3,000 to 4,000 locations since 2019 and now operates over 1.7 million parking spaces across the U.S. and Canada. Founded in 2022, Freight Ninja operates a network of 50 leased or managed storage locations with 10,000 parking spots across the U.S., offering around-the-clock security in high-volume freight corridors and logistics hubs. The two businesses aim to address an ongoing issue for truckers: a scarcity of safe parking. 'We share their vision and see tremendous opportunity to collaborate on the management of truck parking facilities and storage throughout the United States,' said Alan Lazowski, chairman and CEO of LAZ Parking, in the release. In addition to office services like insurance and accounting, Freight Ninja will also leverage LAZ Parking's technology, such as a subscription parking solution for monthly parking. 'With their expertise in parking operations and our focus on operating and managing outdoor storage solutions, this partnership is a great step forward in offering safe and reliable parking options,' said John Borsellino, CEO of Freight Ninja, in the release. LAZ Parking's investment in Freight Ninja comes on the heels of its majority stake acquisition of FleetLogix, which primarily serves rental car agencies across 37 airports in the U.S. in Canada. LAZ Parking is backed by Argo Infrastructure Partners, an independent fund manager with a long-term approach to infrastructure investing. Recommended Reading 4 issues plaguing the trucking industry Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Eagle Point: Q1 Earnings Snapshot
GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Eagle Point Credit Co. (ECC) on Wednesday reported a loss of $97.5 million in its first quarter. On a per-share basis, the Greenwich, Connecticut-based company said it had a loss of 81 cents. Earnings, adjusted for investment costs, were 28 cents per share. The management investment company posted revenue of $52.3 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ECC at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Photronics: Fiscal Q2 Earnings Snapshot
BROOKFIELD, Conn. (AP) — BROOKFIELD, Conn. (AP) — Photronics Inc. (PLAB) on Wednesday reported earnings of $8.9 million in its fiscal second quarter. The Brookfield, Connecticut-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 40 cents per share. The electronics imaging company posted revenue of $211 million in the period. For the current quarter ending in July, Photronics expects its per-share earnings to range from 35 cents to 41 cents. The company said it expects revenue in the range of $200 million to $208 million for the fiscal third quarter. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PLAB at
Yahoo
3 days ago
- Business
- Yahoo
Shuttered central Ohio biotech firm faces lawsuit from former employees over layoffs
NEW ALBANY, Ohio (WCMH) – A former employee of AmplifyBio is suing the shuttered biotechnology firm, alleging the company laid off its workers without prior notice. The closed research firm that specialized in drug development laid off all 212 of its employees on April 4, the same day it announced its permanent closure on its website. The company had a facility in both New Albany and West Jefferson. Why the Short North may soon charge extra for dining, shopping A lawsuit filed by an ex-employee last week in U.S. District Court for the Southern District of Ohio claims workers were not notified of the layoffs before April 4, the day the terminations occurred. Federal law requires employers with 100 or more staff members to provide a written notice at least 60 days before a mass layoff. The former employee who filed the suit, Taylor Freeman, also alleges that the company did not offer him any severance pay. He filed the class action complaint on behalf of himself and other workers affected by the layoffs, seeking damages amounting to back pay — or wages an employee would have earned if they were not fired — for each day AmplifyBio violated the law, 'plus benefits.' In AmplifyBio's April closure announcement, the company said the decision came after months of 'tireless efforts' to explore all 'investment and acquisition possibilities.' The firm claimed the biotech market has seen a 'significant shift' in recent years, leading to scarce investor financing for early-stage biotech firms. 'It is with deep sadness and gratitude that we announce the closure of AmplifyBio's operations,' the company wrote. Following deputy's death, Morrow County businesses pledge support Battelle, a nonprofit Columbus-based research institute, partnered with investors to launch the for-profit biotech firm in 2021. AmplifyBio raised $200 million from investors, including entities such as JD Vance's venture capital fund Narya Capital and Connecticut-based Viking Global Investors. The company launched its West Jefferson facility at 1425 Plain City-Georgesville Road in 2021, and opened its New Albany facility at 9885 Innovation Campus Way in 2023. The biotech firm briefly drew criticism in 2022 from Rolling Stone magazine and the animal rights group PETA for its animal testing practices. The backlash came after a monkey at the company's West Jefferson facility escaped its enclosure and got stuck in lab equipment, ultimately resulting in its death, according to a United States Department of Agriculture report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
