The Journal Gazette
Monday, March 14, 2016 10:53 pm

DOD gives 1-year deal to Zimmer

Staff, news services

Zimmer U.S. Inc. has been awarded a contract for up to $381 million to provide various orthopedic products for the Army, Navy, Air Force, Marine Corps and federal civilian agencies.

The Warsaw company will perform all manufacturing for the contract in Indiana, the Department of Defense announced Monday.

The Defense Logistics Agency Troop Support, in Philadelphia, issued the 1-year base contract with four 1-year options.

The maximum dollar amount is for the life of the contract.

Mediacom plans to expand broadband

Mediacom Communications on Monday announced plans to invest $1 billion over the next three years to upgrade and expand its national broadband network.

The New York company plans to offer 1 gigabit-per-second service to virtually all 3 million homes and businesses in the 1,500 communities now in the company’s footprint.

Mediacom serves various rural communities in northeast Indiana. The company has invested $4.2 billion in private capital spending since it entered the cable business.

The latest investment by the company coincides with the 20th anniversary of Mediacom’s first cable system purchase.

NYC brokerage hires tabloid favorite

New York brokerage Cantor Fitzgerald is hiring former Jefferies Group banker Sage Kelly, according to a person with knowledge of the matter.

Kelly, 44, will be head of investment banking, said the person, who asked not to be identified because the details are being finalized. Kelly, who ran health care banking at Jefferies, resigned in 2014 after his divorce became tabloid fodder.

Cantor Fitzgerald, known for trading stocks and bonds, has a small health care group, which added three bankers last year, according to a statement at the time. The New York Post reported Kelly’s hiring late Sunday, calling him the "favorite banker" of its gossip page.

The allegations from his divorce got so much attention at the time that Jefferies Chief Executive Officer Richard Handler asked his health care bankers to join him in taking drug tests. Handler then sent a memo saying that the tests were negative and accusing rivals at larger banks of spreading "lurid details" of allegations he called "pure fabrication."

12-year-old case will go on a little longer

A Las Vegas court will hold another trial on whether casino magnate Sheldon Adelson’s company has to pay more than $100 million to a Hong Kong businessman for the work he contends he put in to help secure business in the Chinese city of Macau after the Nevada Supreme Court ruled there wasn’t enough evidence to support the amount a jury had awarded to Richard Suen in the 12-year-old case.

Las Vegas Sands Corp. on Monday welcomed the court’s decision.

Suen contends that meetings he arranged with Chinese officials helped Adelson’s company get approval to build lucrative casinos in Macau. Suen’s lawyer, John O’Malley, declined to comment on the latest development in the case.

The ruling came Friday after the billionaire’s company appealed. Juries in Clark County District Court had found in Suen’s favor in both 2008 and 2013.

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