Raymond Saxe, a former senior vice president of global risk technology at HSBC Holdings Plc whose 23-year Wall Street career in project management included work as a director at Deutsche Bank AG, has died. He was 50.
Xylem Inc., a New York water technology company, wants to increase its revenue from emerging markets, according to a Citigroup Inc. analyst, citing a management dinner with new Chief Executive Officer Patrick Decker.
Xylem Inc., the water company spun off in 2011 by ITT Corp., relocated its corporate headquarters to a site one-fourth larger in Rye Brook, New York, from nearby White Plains to remain in Westchester County.
Xylem Inc., whose pumps helped clear New York tunnels of Hurricane Sandy floodwaters, won a contract to supply its Wedeco technology that disinfects wastewater to the largest ultraviolet treatment plant in Spain.
Dissident Syms Corp. creditors are dissatisfied with the plan negotiated by the official creditors’ committee and intend to block approval of the reorganization plan in bankruptcy court at the Aug. 29 confirmation hearing.