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Friday, August 31, 2007

12/17/06 - Archive - News Wire

Source: Television Week

... that had been pre-negotiated with the company's secured debtholders, chief among them Silver Point Finance, a Greenwich, Conn.-based private investment firm with more than $6 billion in capital. Under the terms of the debt-for-equity restructuring ...

Enthusiasm for president waning among Greenwich Republicans

Source: Hartford Courant

GREENWICH, Conn. -- This wealthy New York suburb is the birthplace of the Bush political dynasty, but even Republicans here are questioning the president's handling of the Iraq war and other important issues.


Treasury Bond Rally Triggers Mortgage Refinancing, May Spur Bigger Gains

Source: Bloomberg Asia

... and all of a sudden people have to buy,'' said Alec Crawford, head of agency and mortgage-backed strategy at RBS Greenwich Capital in Greenwich, Connecticut. ``It can turn into something that snowballs and causes the market to rally for a ...


Local leaders, DOT could spar on train station control

Source: Stamford Advocate

... Metropolitan Planning Organization - a state agency that consists of the elected officials from Stamford, Norwalk, Greenwich, Darien, New Canaan, Weston, Wilton and Westport - said they were alarmed by a potential recommendation being discussed by ...


A father grieves Son dies 20 years after tragic accident

Source: Norwalk Advocate

... Sept. 17, 1986, that Joe told his father he would miss dinner with the family to attend a service club meeting at Greenwich High School, and then swing by Greenwich Library to work on a school term paper. As he drove west on the Post Road toward ...

Source: The Journal News

... said, also because initial neighborhood opposition to the project ceased after developer Hudson View Associates of Greenwich, Conn., worked out its differences with residents. Several of Lesnick's colleagues who had planned to vote against the ...


Initial public offerings scheduled to debut this week

Source: Daily Breeze

... following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT ( www.ipohome.com ) and SEC filings. • Artes Medical Inc., San Diego, 4.6 million shares, priced $12-14, managed by ...

12/16/06


Source: The Dallas Morning News

... pants?" In this book, the brains behind Femmgems, the make-your-own jewelry boutiques in New York, Chicago and Greenwich, Conn., show the rest of us how to string treasures and make our very own bling. From flea-market finds to chunky necklaces made ...


Dollar Posts Its Biggest Weekly Gain in Four Months on Outlook for Growth

Source: Bloomberg Asia

... inflow into U.S. assets,'' said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. International investors boosted holdings of U.S. securities by $82.3 billion in ...

Source: Greenwich Time

... two long-standing efforts in our communities that brighten the holi-days for the needy. One is The Advocate and Greenwich Time Giving Fund, which provides assistance to needy families across lower Fairfield County. The Family Centers, ...


Bella Blu offers trendy children's clothes and accessories

Source: The Journal News

... Blu opened, Freeman said she bought most of Rachel's clothing at Neiman Marcus at The Westchester or on trips to Greenwich, Conn., or into Manhattan. Freeman said she likes having a trendy store close to home. "It's not the same old things. It's ...


A guesthouse to dazzle

Source: Journal News

... and the builder don't get along, you're in trouble. Laura Kaehler, an architect with a 25-person firm in Greenwich, Conn., and Ron Metell, a high-end builder based in Stamford, Conn., have worked comfortably and easily together on several projects ...

12/15/06 - Archive - News Wire


Source: Seattle Post-Intelligencer

... Eden Bioscience went public in September 2000. Paul Bard, a vice president at Renaissance Capital's IPOHome, a Greenwich, Conn.-based research firm, said Isilon performed well because investors are once again looking for growth-oriented stocks. With ...


Isilon Systems takes off in first trading day

Source: Seattle Post-Intelligencer

... Eden Bioscience went public in September 2000. Paul Bard, a vice president at Renaissance Capital's IPOHome, a Greenwich, Conn.-based research firm, said Isilon performed well because investors are once again looking for growth-oriented stocks. With ...


Stocks in U.S. Climb on Price Data; Dow Average Sets Record a Second Day

Source: Bloomberg Business News

... one more potential speed bump out of the market,'' said Tim Smalls, head of U.S. trading at Execution LLC in Greenwich, Connecticut. ``At least to the year end, the market will trade higher.'' Stocks tend to rise more than usual when the Fed starts ...


Stocks in U.S. Rise on Inflation Data; Adobe Systems, Honeywell Lead Gains

Source: Bloomberg Asia

... one more potential speed bump out of the market,'' said Tim Smalls, head of U.S. trading at Execution LLC in Greenwich, Connecticut. ``At least to the year end, the market will trade higher.'' Traders see a 20 percent chance the Fed will cut its ...


Town Urged to Tackle $24M Pedestrian Safety Plan

Source: Greenwich Citizen

The Town of Greenwich Wednesday was urged to implement a 10-year $24 million pedestrian safety plan unveiled before government leaders and citizens packed into the Town Hall meeting room.


Stocks in U.S. Gain on Evidence Inflation Moderating; Amgen, Adobe Advance

Source: Bloomberg

... one more potential speed bump out of the market,'' said Tim Smalls, head of U.S. trading at Execution LLC in Greenwich, Connecticut. ``At least to the year end, the market will trade higher.'' About four stocks gained for every three that fell on ...


Dollar Climbs Against Euro as Foreign Investors Buy More U.S. Securities

Source: Bloomberg Asia

... inflow into U.S. assets,'' said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``It seems like the U.S. doesn't have a problem attracting foreign investment.'' ...


Stocks in U.S. Advance as CPI Data Suggests Inflation Pressures Moderating

Source: Bloomberg

... had in the marketplace all along has been inflation,'' said Tim Smalls, head of U.S. trading at Execution LLC in Greenwich, Connecticut. Today's report ``takes one more potential speed bump out of the market. At least to the year end, the market ...

12/14/06 - Archive - News Reports

Equity fund majority owner of S. Walter Packaging

Source: Philadelphia Business Journal

A private equity fund said Thursday that it has bought a majority ownership in a Philadelphia packaging company.
S. Walter Packaging Corp.'s headquarters will stay in Philadelphia, new owner Brynwood Partners V LP said. Information on how many employees work in the city and whether that number will change was not immediately available. The terms of the sale were not disclosed.
Founded in 1904, S. Walter designs and makes various styles of packaging, bags, boxes and other supplies for retailers. It has plants in Philadelphia and Ontario, Canada, and an outlet store at 2900 Grant Ave. in Philadelphia.
Brynwood said another packaging company it owns, Uniflex Holdings of Westbury, N.Y., will be merged with S. Walter and S. Walter President Andrew Wilson will be chairman and CEO of the combined company.

Based in Greenwich, Conn., Brynwood invests in lower middle market companies with a focus on light industrial manufacturing, consumer products, specialty retailing and business


Eighty-Six Percent of Buy-Side Traders Say They Add More Value Now Than Three Years Ago

Source: Earth Times

Liquidnet and Greenwich Associates Release Results of Global Study on Key Issues in Equity Trading.

Six out of seven buy-side traders from the world's major market centersagree that they add more value now than they did three years ago. This andother findings were released today by Liquidnet and Greenwich Associates as aresult of their joint study called "Buy-side Voice: The Road Ahead." Onehundred buy-side traders from the US, Canada, Europe and Asia responded,making this study the first of its kind.

"As our study confirms, the role of the buy-side trader has becomeincreasingly influential across the globe. Liquidnet and Greenwich Associates initiated this study because we felt it was important to understand thebuy-side's view on a global level," said Seth Merrin, CEO of Liquidnet. "Ourstudy uncovered some significant geographic differences in opinion aroundissues like exchange consolidation and electronic trading adoption."

Greenwich Associates consultant John Feng adds: "The advent of anincreasingly sophisticated array of trading tools, combined with a growingfocus on best execution, is making the buy-side traders' job morechallenging, fulfilling -- and essential."

Select "Buy-side Voice" Study Results

US leads in electronic trading adoption with penetration at 96 percent;Canada and Asia lag
-
Forty-four percent of all respondents said they have three or more electronic trading systems on their desk.............


Clubs

Source: Greenwich Time

... p.m.; The Grapes, Saturday, 8 p.m.; blues jam hosted by Jason Jones and the Stateline Blues Band, Wednesdays. GREENWICH Beach House Cafe, 220 Sound Beach Ave. (637-0367): The Last Minute, Thursday, Timmy Lovelace and the Reflex Band, Friday; ...


Initial Unemployment Claims in U.S. Decline More Than Estimated to 304,000

By: Bob Willis
Source: Bloomberg

Fewer U.S. workers filed first-time applications for state unemployment benefits for a second consecutive week, a sign that demand for labor is holding up.

Initial jobless claims fell 20,000 to 304,000 in the week that ended Dec. 9 from 324,000 the prior week, the Labor Department said in Washington. The four-week moving average, a less volatile measure, fell to 327,250 from

While job growth is slowing as the economy weakens, companies are still reluctant to let workers go with unemployment near a five-year low. Claims have been distorted the last three weeks by seasonal adjustments that cause wide fluctuations in weekly figures at this time of year, according to a Labor Department spokesman.

``These data tend to get volatile during this time of the year, and we are inclined to dismiss any big moves in either direction,'' said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Connecticut. ``Our sense is that the labor market is stable.'' ........


Getting tables all dressed for the holidays

Source: The Journal News

... Colin Cowie also finds essential and not hard to achieve. The Zambian-born style maven uses a long table in his Greenwich, Conn., loft for holiday meals and says he likes to switch things around to make his arrangements look new. "If you want to ...


Redistricting talk sparks worries

By: Hoa Nguyen
Source: Norwalk Advocate

Eileen Tang walked into Parkway School to attend a PTA meeting yesterday to find other parents buzzing over the prospect of their school closing.

Earlier that morning, she, like many other parents, had read in the newspaper that First Selectman Jim Lash was calling on education officials to save the town money by addressing declining student enrollment and deciding which elementary schools they should close and when.

'We all were thinking, 'Oh no, what do we do?' ' Tang said.

Redistricting raises fear in the mind of parents and administrators who worry about the consequences of closing schools and forcing students to attend a different one that might be farther away.

'It gets thrown out there and it's a scary word to bring up,' Tang said of redistricting.

Student enrollment has been decreasing in recent years and is expected to continue its downward trend next year. About 8,827 children are expected to attend school next fall. That is about 127 fewer children than this year.

Lash has said that in order to capitalize on the smaller student population, save the town money and solve the problem of racial imbalance in some of its schools, officials should close at least one elementary school and redistribute those students to other schools in the district.

For Tang and other parents at Parkway, the threat might be closer at hand because the school already is at just 64 percent capacity. By 2008-09, decreased capacity is projected to trigger a district policy that says officials should consider closing the school.

'It's much more than a school for us,' Tang said of Parkway, adding that nearly all her friends are those she met through the school, including during the weekends when the backcountry parents congregate on the playgrounds with their children. 'We'd lose that. We would not really have any social connection back here. It would be really hard.'

Though parents were sad at the prospect of the school closing, Tang said, they also had to remind themselves that redistricting was a concept that only Lash was talking about and pursuing at this point. He made the remarks during a United Way of Greenwich legislative forum Tuesday.

Parking should not be sacrificed for park in Byram

Source: Greenwich Time

To the editor: Regarding 'Park plan caught in traffic jam,' (Greenwich Time news story, Nov. 18), the area proposed for the pocket park is not a 'town-owned parking lot,' as stated. It is the western-most point of Church Street West, containing 10 ...


A sense of urgency regarding enrollment

Source: Norwalk Advocate

Declining enrollment in the Greenwich Public Schools is not a new phenomenon: The total number of students has been down for years, and is projected to decline for another 10 at least.


On the job

By: Lisa Chamoff
Source: Greenwich Time

When Paula Grande was laid off four years ago by a local medical equipment company, the Stamford resident in her 60s struggled to find work.

Grande, originally from El Salvador, tried temping for a few years, but said some employers found her accent to be a barrier.

Eventually, she sought the help of Jewish Family Service and a federal program run by the Stamford-based organization. Now that she has a permanent job at the CTWorks Career Center in Stamford, she helps people whose experiences echo her own.

'I don't want people to go through what I did,' said Grande, whose work involves helping job seekers with resumes and cover letters and signing them up for workshops. 'I help them a lot, no matter who they are. I enjoy it because I'm trying to make it easy for them.'

Though life after 55 is a time for retirement for some people, it becomes a time to search for work for some older residents with limited incomes.

It's not always easy.

The Senior Community Service Employment Program, a federal program, is run locally by Jewish Family Service and helps low-income, lower Fairfield County residents 55 and older transition into the work force by setting them up in part-time positions with local government agencies and nonprofit organizations. The program runs from Greenwich to Stratford.

The participants get on-the-job training and supervision, while generally working about 20 hours each week and making minimum wage. While on the assignment, participants are expected to look for permanent employment..........

Reps seek boost in clean-water funding

By: Martin B. Cassidy
Source: Norwalk Advocate

State legislators said yesterday they would push to restore tens of millions of dollars in budget cuts that have jeopardized efforts to lower nitrogen levels in Long Island Sound and set back projects to protect marine life and Connecticut waterways.

It could take hundreds of millions in state funds over several years to catch up with the state's goals to reduce hypoxia, or low oxygen levels in the Sound caused by nitrogen discharges from sewage plants that threaten fish and other wildlife, said state Sen. William Nickerson, R-Greenwich, a member of the legislature's finance committee and state Bond Commission.

Nickerson said that over the past several years, the legislature has cut about $80 million in funding for the state's Clean Water Fund, stalling a 1998 initiative to provide low-interest loans to towns for sewage-plant upgrades to reduce nitrogen discharges into the Sound.

The Audubon Society is among the groups pushing legislators to provide $300 million over the next two years for sewage-plant improvements to address the problem.

In 1998, Connecticut, along with New York and the federal Environmental Protection Agency, aimed to reduce nitrogen levels in Long Island Sound by 58 percent by 2014.

Consumer sales up at yule

Source: Newsday.com

... housing and manufacturing would steal the economy's holiday joy,' said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Connecticut. 'Feels like the fourth quarter may not be so weak after all, even with the twin drags of ...


Genesee & Wyoming Inc. Reports Traffic for November 2006

Source: PR Newswire

Genesee &Wyoming Inc. (GWI) (NYSE: GWR) today reported November 2006 traffic volumesfor its North American and Australian operations.

GWI's traffic in November 2006 was 68,048 carloads, an increase of1,652 carloads, or 2.5 percent, compared with November 2005. GWI'S trafficin the fourth quarter of 2006 through November was 143,157 carloads, anincrease of 7,620 carloads, or 5.6 percent, compared with the fourthquarter of 2005 through November.

GWI's traffic in November 2006 increased by 1,652 carloads, or 2.5percent, compared with November 2005. Excluding 8,315 total carloads fromGenesee & Wyoming Australia which GWI started operating June 1, 2006, andfrom the Chattahoochee Bay Railroad which GWI started operating August 26,2006, same-railroad traffic in November 2006 decreased by 6,663 carloads,or 10.0 percent. U.S. and Canada same-railroad traffic decreased by 6,316carloads, or 9.9 percent. The decrease was principally due to a decline incoal coke & ores traffic of 2,337 carloads as a result of plannedmaintenance at a power plant served by GWI's Illinois Region which isexpected to be completed in mid- December. In addition, lumber & forestproducts traffic declined by 1,808 carloads, minerals & stone trafficdeclined by 1,082 carloads and all other U.S. and Canada traffic declinedby a net 1,089 carloads.

GWI's traffic in the fourth quarter of 2006 through November increasedby 7,620 carloads, or 5.6 percent, compared with the fourth quarter of 2005through November. Excluding 17,266 total carloads from Genesee & WyomingAustralia which GWI started operating June 1, 2006, and from theChattahoochee Bay Railroad which GWI started operating August 26, 2006,same-railroad traffic in the fourth quarter of 2006 through Novemberdecreased by 9,646 carloads, or 7.1 percent. U.S. and Canada same-railroadtraffic decreased by a net 8,926 carloads, or 6.8 percent, primarily due todeclines in lumber & forest products traffic, pulp & paper traffic and coalcoke & ores traffic.

In the first quarter of 2006, GWI started to include haulage trafficassociated with the former Rail Management Corp. railroads as part of itsOther commodity carloads; previously these carloads were excluded. GWIstarted operating the Rail Management Corp. railroads in June 2005, andaccordingly 2,780 carloads of haulage traffic have been included in theNovember 2005 carloading information, and 5,503 carloads of haulage traffichave been included in the fourth quarter of 2005 through November.

Historically, the Company has found that carload information may beindicative of freight revenues on its railroads, but may not be indicativeof total revenues, operating expenses, operating income or net income.

Matthew O. Walsh, Vice President - Corporate Development and Treasurer,Genesee & Wyoming Inc., 203-629-3722


Super-mom McWilliam takes world title

Source: The Journal News

... "To me, she's a rock star. Like seriously, a rock star." Ragals met McWilliam after her first triathlon, in Greenwich, Conn., which McWilliam won. Training together helped them both reach their goals. Shelly Wolfson, 38, completed the Hawaii Ironman ...


Store Sales Surge, Smashing Forecasts

Source: New York Post

... housing and manufacturing would steal the economy's holiday joy," said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Conn. "Feels like the fourth quarter may not be so weak after all, even with the twin drags of autos and ...


Satire: Tuesday Morning Pretentious Douchebaggery

Source: Blogcritics

... shallow heathens.) I'm So Classy, I Say Cognomen Instead of Nicknames: Reader Frank Johnson of Greenwich, CT, writes, 'TMQ, you are so smart. I wish I could be smart like you. But I'm not. I want to hang myself. Anyway, in an attempt ...

Thursday, August 30, 2007

12/13/06 - Archive - News Reports

Toughest hole on tour in '06

Source: San Jose Mercury News (Bay Area Sports)

At long last, the secret to winning the AT&T Pebble Beach National Pro-Am is revealed. Forget about the narrow fairways of Spyglass Hill, or the tiny greens of Pebble Beach. The key is the fifth hole at Poppy Hills.

Considered by many to be the easiest of the three AT&T courses, it turns out Poppy has teeth. According to PGA Tour statistics, the 426-yard par-4 fifth hole at Poppy Hills was the toughest hole on tour for 2006. Tougher than any hole at Winged Foot or Augusta National.

'We are significantly proud that it is a difficult golf course,' General Manager Tyler Jones said. 'We have that 18-hole ranking posted at the golf counter.'

The fifth hole played nearly a half-stroke over par (4.492) this year, making it considerably tougher than the next hardest hole, No. 11 at Augusta (4.474).

Jones said the back-right hole location turned the fifth into a beast.

'That hole is not that difficult,' Jones said. 'But when they put it back right, you have to go over water to get there.'

Poppy Hills was also the 26th-toughest course on the PGA Tour this year, which put it behind Pebble Beach (No. 19) but ahead of notoriously tough Spyglass (No. 31).

Jones said that although he's pleased with the attention the ranking brings, he also wishes that the course was set up a bit easier for the AT&T.

'I would like to see it a little more defenseless,' Jones said. 'We don't need people walking off here upset because they couldn't score here.'

At this year's tournament, eventual champion Arron Oberholser parred the fifth at Poppy during a first-round 65, but Rory Sabbatini, who finished second, had a double-bogey at the fifth during his second-round 69. Sabbatini finished five strokes behind Oberholser.

Overall, Poppy Hills played about a third of a stroke over par (72.302) to finish far behind the toughest course of the year: Winged Foot Golf Club, the site of this year's U.S. Open. Winged Foot played nearly five strokes over par (74.993) and featured three of the top-six toughest holes on tour.

Golf Digest named Callippe Preserve Golf Course in Pleasanton as one of the best new courses in the United States.

Callippe, designed by Brian Costello, was ranked ninth among public courses with greens fees under $75. King Carter Golf Club in Irvington, Va., was the top course in the category.

A dual legend effort produced the best new private course. Jack Nicklaus and Tony Jacklin teamed up to design The Concession Golf Club in Bradenton, Fla.

Osprey Meadows in Donnelly, Idaho, was the best new course over $75, and The Stanwich Club in Greenwich, Conn., was the best new remodel.


Retail Sales in U.S. Rise for First Time Since July on Holiday Discounting

By: Joe Richter
Source: Bloomberg

Retail sales in the U.S. rose for the first time since July as shoppers took advantage of early holiday discounts, increasing the odds the economy will withstand the slump in housing.

Sales jumped 1.0 percent last month, more than forecast, after a revised 0.1 percent drop in October that was less than previously estimated, the Commerce Department said today in Washington. Purchases excluding motor vehicles rose 1.1 percent, the most since January.

Consumers, buoyed by an expanding labor market and rising wages, are keeping the economy growing at the moderate pace predicted by the Federal Reserve. Consumption accounts for about 70 percent of gross domestic product, dwarfing real estate and manufacturing. The dollar rallied and bond yields climbed.

``The consumer appears to be riding to the rescue, just when it appeared that housing and manufacturing would steal the economy's holiday joy,'' said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Connecticut. ``Feels like the fourth quarter may not be so weak after all, even with the twin drags of autos and housing.''.........


CNBC Mad Money Host Jim Cramer to Appear on ''Corporate Strategies...

Source: Biz.yahoo.com

... Corporate Strategies Business Talk Radio Show which may be heard on KSEV AM 700 in Houston, Texas, WGCH AM 1490 in Greenwich, Connecticut, WSBR AM 740 in Boca Raton, Florida, WSMN AM 1590 in Nashua, New Hampshire, KVWM AM 1450 in Show Low, Arizona, ...


Trade of The Year

Source: Under the Counter

... gunslinger was fresh off an amazing year in which he created an estimated $800 million in profits for his Greenwich, Connecticut, employers, earning himself some $100 million in the process. Nothing seemed to sate Hunter's appetite for betting on ...


Lash: Time to talk redistricting

By: Michael Dinan
Source: Norwalk Advocate

First Selectman Jim Lash yesterday called for Greenwich public education officials to decide which elementary schools to close and when, saying failure to address declining student enrollment hinders classroom diversity and wastes taxpayers' money.

'Very unpopular subject. It was a very unpopular subject the last time we went through it. It, in effect, means redistricting and there's nothing that towns like less than redistricting,' Lash told more than 70 residents, officials and nonprofit agency leaders gathered in a Town Hall meeting room.

'Either we have to lop off some schools or we have to substantially raise the cost per student of providing education in Greenwich. We already have if not the highest this year, then one of the top four or five per-student spending rates in the state, so our issue is not whether we're spending enough.'

He spoke during an annual legislative forum sponsored by the United Way of Greenwich, a nonprofit organization. The 90-minute event featured Lash and Greenwich's representatives in the General Assembly talking about affordable housing, human services, traffic and other topics.

Public schools officials re-sponded to Lash's comments by saying that redistricting is a last resort and that they're working on alternative solutions to problems caused by declining enrollment. A policy is being developed now and should be completed by next September, Board of Education Chairwoman Colleen Giambo and Superintendent of Schools Betty Sternberg said.

'We're certainly on top of and aware of the issue of declining enrollment,' Sternberg said.

Greenwich spends more than $14,000 per year per student, according to Lash. The figure doesn't include taxpayer dollars spent on school construction projects.

Total enrollment at Greenwich elementary schools has been falling since 1999, and is expected to drop by another 127 students --AOEto about 8,827 total children -- in the 2007-08 academic year.

Three of the town's 11 elementary schools --AOEGlenville School, Parkway School and Old Greenwich School --AOEare projected to sink below 70 percent use by next academic year, according to public schools officials. It's projected to continue falling for at least the next decade, according to Greenwich Public Schools' projections.

Under school policy, if an individual school's use falls below 70 percent and 10 percent below the townwide average, officials will consider closing it. Projections show that Parkway School will meet that criteria as early as the 2008-09 academic year............


Wreaths Across America rolls through

Source: Norwalk Advocate

... Yesterday, more than 40 motorcycles, a dozen cars and several police vehicles from Stamford, Darien and Greenwich provided a first-ever escort for the wreaths as they made their way through Fairfield County on a donated tractor-trailer. In ...


Uma Thurman flick shoots at Round Hill

Source: Stamford Advocate

... but they also needed a church to use for the wedding. With Connecticut's rebate in mind, location scouts searched Greenwich to find a church that fit the profile of Emma, who the storyline says grew up in Great Neck, Long Island. Some aspects of the ...

12/05/06 - Archive - News Reports

World Class Retail Developer Sheldon Gordon Brings His Innovative...

Source: Hotels

PRNewswire/ -- Regarded as one of the most daring and innovative developers in the retail and entertainment industry, Sheldon Gordon, the pioneering force behind Gordon Group Holdings ...

Tepid response to Fareri apt. plan

By: Hoa Nguyen
Source: Norwalk Advocate

Vince DiMarco held up two drawings showing what a proposed 96-unit apartment building on the Post Road would look like at last night's Pemberwick Community Association meeting. The first reaction were murmurs about how the structure resembled a hotel.

'That would make a great hotel,' someone said.

'That's what I said,' piped in another person.

Reactions continued spiraling downward as the nearly two dozen homeowners debated the prospects of the apartment building coming to their end of town. Several homeowners are clearly opposed to building such a large residential structure even if it would replace a half-excavated construction site commonly referred to as 'the hole.'

'I don't like it,' Dan LaRusso said of the proposed apartment building.

'It should be in New York City or something,' said another Pemberwick resident Michael Morganti. 'I say put the rocks and dirt back in.'

Greenwich resident and developer John Fareri wants to build the four-story apartment building with more than 200 underground parking spaces at 644 W. Putnam Ave. In exchange for building a 42,000 square-foot structure, which is bigger than what is typically allowed on the 1.6 acre lot, Fareri promises to rent 20 of the 96 unts to tenants who must meet moderate-income guidelines. Under the guidelines, tenants, such as a single person who earns $72,054 or less or a two-person family with earnings of $90,067 or less, would pay a monthly rent of $1,200. ,,,,,,,


Global Gold Announces Exercise of Warrants by Firebird Funds

Source: MacReport.net

Global Gold Corporation (OTC BB:GBGD.OB - News) (http://www.globalgoldcorp.com/) today announced Global Gold Corporation sold $2,250,000 in common shares, pursuant to exemptions from registration requirements of the Securities Act. The transaction closed on December 1, 2006 and involved the exercise of warrants originally issued on November 4, 2004. Global Gold issued 3,000,000 shares of common stock at $0.75 per share in accordance with the warrants. The purchasers and corresponding shares issued are: Firebird Global Master Fund, Ltd, 1,500,000 shares; Firebird Avrora Fund, Ltd. 750,000 shares; and Firebird Republics Fund, Ltd. 750,000 shares.

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Former Soviet country estimations are presented for historical reporting and to provide a basis for assessing Global Gold's choices for its business activities and not to be understood as indicating the existence of reserves or resources.

Global Gold Corporation is an international gold mining, development and exploration company with mining properties in Chile and Armenia. Global Gold Corporation is located at 45 East Putnam Avenue, Greenwich, CT 06830. The main phone number is 203-422-2300. More information can be found at http://www.globalgoldcorp.com/.


Prosecutors claim Greenburgh cop crossed the line in the dominatrix case

Source: The Journal News

... her if she would satisfy his urge for croprophilia, and she agreed to go with him to a nearby nature preserve in Greenwich, Conn. Ward said they only left the parking lot because Pane began to feel uncomfortable. He said he drove into the woods at ...


Make A Difference

Source: WTNH-TV New Haven

... a reality in a day. Teen-ager donates money to Boys & Girls Village (Milford-WTNH, Oct. 26, 2006) _ A Greenwich teenager is doing her part to make a difference in the lives of others. (Fairfield-WTNH, Oct. 20, 2006 6:12 PM) _ If you want ...


Investment fund oversubscribed

Source: The Plain Dealer

... distribution and, of course, manufacturing companies." Key Principal Partners has hired a professional for its Greenwich, Conn., office to originate deals for the new fund, Desai said. The firm also has five investments for its latest fund under ...


Sex culture of domination glimpsed in Greenburgh misconduct case

Source:The Journal News

... process." In the Greenburgh case, Pane alleges that Ward, 32, instructed her to defecate while he masturbated in a Greenwich, Conn., nature preserve. Pane said she believed Ward could have marijuana possession charges against her dismissed. Ward ...


Welcome the new big guy on the block

Source: The Journal News

... small businesses in the area. "The big banks, you get less there. You're a statistic," said Paul Kelly, manager of Greenwich Furniture Inc., with shops in Mamaroneck and Mount Kisco. "Chase is just going to make things even worse." Kelly said his ...


John Hearst Herndon, 1961-2006: 'Big guy with heart to match'

Source: Seattle Post-Intelligencer

John Hearst Herndon, whose middle name reflected his connection to media magnate William Randolph Hearst, attended schools in Europe, spoke at least five languages and worked as a photographer for the Seattle P-I.

Herndon, who died Friday in his home near Snohomish, also loved to fix up cars, grow vegetables, cook for friends and collect Grateful Dead memorabilia

But his most memorable act might have been the round-the-clock care he gave Mary Peters, a friend shot point-blank in the face in July 1999.

Herndon was 45. His manner of death was determined to be natural, the Snohomish County Medical Examiner's Office said Monday

"He was a big bear of a guy with a heart to match," said former P-I reporter Mary Lynn Lyke, who wrote about Peters' struggle to recover from her wounds. "He was very generous."

P-I photographer Grant Haller, who kept in touch with Herndon over the years, said his friend "didn't suffer fools" easily but showed another side with Peters.

"His efforts at taking care of Mary Peters were incredible," Haller said.

Herndon was born June 29, 1961, in Santiago, Chile. His mother, Joanne Hearst Castro, is a niece of William Randolph Hearst. The P-I is a Hearst newspaper.

He attended schools in Switzerland, England and Greenwich, Conn., and graduated from high school in Palma de Mallorca, Spain. His experiences in Europe helped him learn French, Italian, German and Spanish; he also knew Farsi........

12/04/06 - Archive - A Daughter's Tribute

A Daughter's Tribute

Source: The Emory Wheel

... but trying to educate Emory." Rosengarten's father was diagnosed the same year she was born. She grew up in Greenwich, Conn., with two older sisters and her mother. Her mother had her tested for AIDS for years, even though the disease is normally ...

12/04/06 - Archive - News Reports

Connecticut firm buys Greenleaf & Crosby

Source: Palm Beach Daily News

A.E. Betteridge, an estate jewelery firm in Greenwich, Conn., bought Greenleaf & Crosby last week.

Midnight Pass Joins APPMA

Source: Clickpress.com

Midnight Pass, direct marketer and online retailer of innovative pet products, becomes the latest new member of APPMA

Midnight Pass, providers of innovative and exclusive pet products to thousands of customers worldwide, has recently become a member of the American Pet Products Manufacturing Association, Inc. (APPMA) located in Greenwich, CT.

Midnight Pass is a direct marketer and online retailer with corporate headquarters in Marshfield, Mass. APPMA is the leading not-for-profit world wide trade association made up of over 900 pet product manufacturers, their representatives, importers and suppliers. Membership consists of a diverse group representing both large corporations and growing business enterprises worldwide. APPMA's mission is to promote, develop and advance pet ownership in the pet products industry and to provide the services necessary to help its members prosper.

Midnight Pass will be exhibiting and introducing new products at the APPMA Global Pet Expo at the Orange County Convention Center in Orlando, FL during February 22-24, 2007........


Just be happy Club hopes to spread good cheer through good deeds

Sorce: Stamford Advocate

... says Glass, who developed the teen club with Stone after their mothers read a Sept. 6 article in The Advocate and Greenwich Time about the Happiness Club for adults in Fairfield. That organization, founded by Fairfield resident Lionel Ketchian, has ...


World Class Retail Developer Sheldon Gordon Brings His Innovative Style to the Poconos

Source: Biz.yahoo.com

... indirect jobs, making the Pocono Manor Resort & Casino the second largest employer in the region. Headquartered in Greenwich, CT, Gordon Group Holdings, LLC is recognized as one of the leading specialty retail and entertainment development firms in ...


After 40 years, DaVinci's serves its final meal

By: Michael Dinan
Source: Stamford Advocate

DaVinci's Ristorante was a year-old, failing, 40-seat pizza place on a corner of downtown's main two-way street, Greenwich Avenue, when newlyweds Lisa and Tony Vitiello began renting the space in 1966.

The couple started a family as they took over the restaurant, and Tony took up extra work as a chef in Stamford to help pay the bills and keep their business going.
'We were like any young couple starting out,' Lisa recalled yesterday as loyal customers filed into the beloved restaurant, now 125 seats with an extensive menu of Italian cuisine, for the last time.

'Leaving these people is harder than anything. I could have left the day after my husband died 11 years ago. But these people --AOEI don't want to call them 'customers,' because I don't think of them that way --AOEthey started out as strangers who came here for the food, and they've become friends.'

A Greenwich institution The Avenue and East Elm Street, known for its veal parmesan served on the bone, homemade gnocchi and fresh seafood, DaVinci's closed its doors after four decades. A bank will begin renting space in the three-story building that the Vitiellos bought 20 years ago, and could open as soon as next summer.

'It's not that we're leaving out of failure, but at the height of success,' Vitiello said as her long-serving staff uncorked bottles of wine in a bustling, elegant dining room, where natural light brings out the walls' Renaissance Era-like frescoes. 'From a business standpoint, I'm extremely comfortable with the offer we got. But from a personal standpoint, it's more emotional.'

An Italy native who grew up on an island off the coast of Naples and moved to the United States at age 9, two years after her mother died, Vitiello says she'll miss the restaurant's frequenters and staff. But she wants to spend more time with her four kids and six grandchildren: Anthony, 17, Victoria, 13, Joey, 8, Ariana, 7, John, 4 and Sofia Alexandra, three weeks.


Christmas windows brighten downtown

Source: Greenwich Time - Southern Connecticut

If the window displays of Greenwich businesses don't get you in the holiday spirit this year, it's not for lack of effort.

12/03/06 - Archive - Greenwich wins with 21 points in 2nd half

Greenwich wins with 21 points in 2nd half

Source: Stamford Advocate

... the season. The final two were, no doubt, the most dominating. In a wild and often bizarre span of 21U2 hours, the Greenwich High School football team realized its season-long dream and secured a lifelong legacy. Second-seeded Greenwich overcame ...

Wednesday, August 29, 2007

12/01/06 - Archive - News Reports


Source: Economist

... Art was given two magnificent views of the "Huis ten Bosch" in 1964, and the Bruce Museum of Arts and Sciences in Greenwich, Connecticut, has a tiny, jewel-like show of his work until January 10th. Catch it if you can. Jan van der Heyden's ...


Decline in Manufacturing Is First Since April 2003

Source: New York Times

... housing and auto industries while other sectors appear to be fine, said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Conn. "We are simply not convinced," he said, "that the economy is weak enough in a broad sense for the ...


Just be happy Club hopes to spread good cheer through good deeds

Source: Greenwich Time

... says Glass, who developed the teen club with Stone after their mothers read a Sept. 6 article in The Advocate and Greenwich Time about the Happiness Club for adults in Fairfield. That organization, founded by Fairfield resident Lionel Ketchian, has ...


Engle Wins 10th AGA Rider of the Year Award

... Year award in a tie breaker for top honors in the AGA's Grand Prix Series of Show Jumping with Kent Farrington of Greenwich, Conn. Both riders finished the season with a total of 120 points. Engle's 13 clear rounds beat out Farrington's 11 to clinch ...


Mechanic Crashes $500K Porsche

Source: wcbstv.com

This is one big "Uh-Ohh." A mechanic who finished doing minor bodywork on a 500-thousand dollar sports car crashed the Porsche Carrera G-T into a telephone pole, while he was driving it back to Greenwich...


Nvidia Gets Subpoena in Federal Antitrust Probe of Graphic-Chip Industry

Source: Bloomberg Business News

...``When looking on the outside, it does seem suspect that the prices are similar,'' Freedman said. The Greenwich, Connecticut-based analyst rates the shares of Nvidia and Advanced Micro ``buy'' and doesn't own them. ATI is the second-largest ...


Teen Charged With Vehicular Assualt
Source: Greenwich Time

Teen charged in car crash that injured passenger - An 18-year-old Greenwich man has been charged with vehicular assault in an alcohol- and-speed related rollover last August on Riversville Road in which a ...


Zohn of Survivor Visits GHS for AIDS Awareness Talk

Source: Greenwich Citizen
the disease and the best ways to prevent contracting or spreading it. Enter the Greenwich High School AIDS Awareness Club, whose goal is to inform GHS students and the surrounding community about the growing threat of ...


Global Gold Reports Positive Test Results From Both Tukhmanuk and Hankavan Properties in Armenia

... company with mining properties in Chile and Armenia. Global Gold Corporation is located at 45 East Putnam Avenue, Greenwich, CT 06830. The main phone number is 203-422-2300. More information can be found at http://www.globalgoldcorp.com/ ...

11/22/06 - Archive - News Reports


Source: Bloomberg Asia

... a historic relationship. It's also benefited from energy trades it took over from Amaranth Advisors LLC when the Greenwich, Connecticut- based hedge fund imploded in September after losing $6.6 billion on wrong-way bets on natural gas ...


Dollar Drops as Increase in U.S. Jobless Claims Suggests Economy Cooling
Source: Bloomberg Asia

... are ``unwinding'' carry trades, said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``That benefits the yen.'' Ten-year Treasuries yield 2.90 percentage points ...


Ski Team Doc offers prevention tips

Source: Ski Racing Intl.

... Beth Israel Hospital in New York City and The Stamford Hospital in Stamford, CT and has offices in Manhattan and Greenwich, Connecticut. http://www.plancherortho.com/ Dr. Plancher lectures extensively domestically and internationally on issues related to ...

A school budget with ambitious ideas

Source: Greenwich Time

Betty Sternberg, Greenwich's new school superintendent, is being a bit daring with her first Board of Education budget request.

11/21/06 - Archive - News Reports

Historic Move by CT Attorney General to Investigate IDSA Guidelines...

Source: PRWeb

... by the IDSA in connection with exclusionary conduct and monopolization in the development of the Lyme guidelines.

Greenwich, CT ( PRWEB ) November 21, 2006 -- The national non-profit Lyme Disease Association (LDA), representing more Lyme disease ...

Wreckers Face Cards on the Gridiron

Source: Westport News
In order to have a shot of defending its two straight Class L titles, the Staples High School football team must win at Greenwich High School Thursday at 10:30 a.m. Beating 10-0 Greenwich, who won the FCIAC ...

Problems with the cops? Here's the solution...

Source: Surfer Magazine

... that if I did not do this, he would not help me with my case," Pane said, describing the alleged encounter in a Greenwich, Conn., nature preserve on Jan. 22 - a day after she was accused of smoking marijuana in a parked car and arrested. The trial ...


Purchase-based PepsiCo acquires Naked Juice Co.

Source: The Journal News

PepsiCo announced today that it has agreed to purchase the Azusa, Calif.-based Naked Juice Co. from North Castle Partners, a private equity firm based in Greenwich, Conn. Read more about this story now in the Business in the Burbs news blog at http://burbsbiz.lohudblogs.com/


Town Meetings

Source: Greenwich Time

... Board of Directors: 5:30 p.m. Nathaniel Witherell main building, second floor board room, 70 Parsonage Road. * Greenwich Alliance for Education: 7:30 p.m. Town Hall, Cone Room, 101 Field Point Road. TUESDAY * Planning and Zoning .


Shortage of cash dims Christmas light show

Source: Norwalk Advocate

The slow pace of donations is leading the Greenwich Chamber of Commerce to be selective about which trees along Greenwich Avenue it will illuminate with lights this holiday, officials said yesterday.


Local jeweler expands in Greenwich

Source: Stamford Advocate

... environment for most independent retailers, there's one business bucking the trend. Magnum Jewelers, at 346 Greenwich Ave., is not only thriving on a street full of national retail chains with deep corporate pockets, it's also growing ...


Hialeah factory struggles to stay afloat

Source: The Miami Herald

... notice comes about three years after A-1 was acquired by NewCastle Partners, a private investment group based in Greenwich, Conn., for an undisclosed price. ''There are all kinds of options we are looking at,'' said John ''Jack'' R. Lowden......

Tuesday, August 28, 2007

8/28/07 PRESS RELEASE:

Department of Consumer Protection
Jerry Farrell, Jr.
165 Capitol Avenue Commissioner
Hartford, CT 06106
Media calls: 860-713-6022
www.ct.gov/dcp

Date: August 28, 2007


Department of Consumer Protection Announces Results of
Weekend Alcohol Compliance Checks in Greenwich

HARTFORD, August 28 – The Connecticut Department of Consumer Protection (DCP) is announcing the results of a series of compliance checks that was conducted in Greenwich on Saturday, August 25th in collaboration with the Greenwich Police Department to identify stores that would sell alcohol to persons under the legal age of 21. All 29 liquor stores and grocery stores that sell beer were tested for compliance; six failed by selling to the minor who was part of the undercover operation.

The failed stores are:
Val’s Buy-Rite, 125 West Putnam Avenue
East Port Chester Wine and Liquors, 105 Mill Street, Byram
Bellmore Wine and Liquor, 380 West Putnam Avenue
Wine Wise, 120 East Putnam Road
IGA , 1059 North Street
Holly Hill Deli, 140 Hamilton Avenue

“These routine, statewide alcohol compliance checks that help us identify locations that would sell alcohol to minors are important in curbing youth access to alcohol and reducing the tragic consequences often linked with underage drinking,” Consumer Protection Commissioner Jerry Farrell, Jr. said. “Liquor retailers are expected to be diligent in asking for and examining identifications, and we encourage them to make this part of their everyday business practice. I want to extend our thanks to the Greenwich Police Department for collaborating with us, and sincere congratulations to the 23 Greenwich stores that demonstrated full compliance with the law.”

The stores that successfully passed the compliance test by refusing to sell to the minor are:

Post Wine and Spirits, 230 Post Road
Riverview Wines and Spirits, 340 Palmer Hill Road
Sam’s Package Store, 230 Sound Beach Avenue, Old Greenwich
Cos Cob Liquor, 130 Post Road
A & P Wines and Spirits, 1237 Boston Post Road, Old Greenwich
Horseneck Wine and Liquor, 25 East Putnam Avenue
Bruce Park Liquors, 272 Mason Street
Madison Wine and Liquor, 1 North Water Street
AOC Wines, 195 Sound Beach Avenue, Old Greenwich
Le Wine Shop, 39 East Elm Street
Connecticut Wine and Liquor, 1071 King Street
AOC Fine Wines, 1066 North Street
Continental Wine and Spirits, 58 Williams Street
Castle View Deli, 2 Morgan Avenue
Food Emporium, 160 West Putnam Avenue
Pemberwick X-Change, 83 Pemberwick Road
Fresh Fields Whole Food Market, 90 East Putnam Avenue
Scarpellis Market, 45 Bible Street
Fuji Market, 1212 East Putnam Avenue
Old Greenwich Food Mart, Arcadia Road
The Food Emporium, 1261 Boston Post Road, Old Greenwich
Grocery Express, 1429 East Putnam Avenue
Stop and Shop, 161 West Putnam Avenue

The Department’s Liquor Control agents and officers from local police departments routinely conduct compliance checks at restaurants, cafes, and stores where alcohol is sold. Underage volunteers who are trained and provided by the Connecticut Coalition to Stop Underage Drinking participate in these undercover operations.

The six establishments charged with selling liquor to a minor on Saturday will be brought before the Liquor Control Commission for an administrative hearing, at which time each will have the opportunity to address the charges, Farrell said.

================================================================
Please send your comments and press releases to GreenwichRoundup@gmail.com

Saturday, August 25, 2007

11/17/06 - Archive - Bottles of the 2006 Beaujolais Nouveau wine got their first uncorking in French establishments like Jean-Louis

HEADLINE:

Restaurants pop the cork on this year's Beaujolais

STORY:

The hushed tones at the start of lunch at Jean-Louis yesterday soon gave way to a boisterous buzz of conversations punctuated by laughter and the clinking of wine glasses. The bottles had been uncorked and the wine was flowing.

'People don't know what they're missing,' lunch patron and Stamford resident Cathy Cole said at the Greenwich restaurant's Beaujolais Nouveau party

Bottles of the 2006 Beaujolais Nouveau wine got their first uncorking in French establishments like Jean-Louis across the world yesterday, the third Thursday of November and the first day this season's Beaujolais can be enjoyed.......

11/17/06 - Archive - Lobbying for Change

HEADLINE:

Lobbying for Change

STORY:

When looking for the trendiest places to eat, travelers may not expect that they’ll find them in their hotels. But increasingly the restaurants they seek—from Wolfgang Puck’s steakhouse Cut or New York City’s L’Atelier de Joël Robuchon to Tom Colicchio’s Craft in Dallas and Hiro Sone and Lissa Doumani’s San Francisco restaurant Ame—are in hotels as lodging companies and chefs rethink where and how diners eat.......

....... hotel dining experience can sway opinion of where to stay," says Jody Pennette, CEO of CB5 Restaurant Group, a Greenwich, Conn.-based restaurant design and concept company. In the end, the push for successful restaurants comes down to the bottom .......
Publication Date: October 1, 2006
Reporter: Kate Leahy, Associate Editor

11/17/06 - Archive - Ripplewood group to buy

HEADLINE:
STORY:
...... from some of the company's top investors, including Leon Cooperman's Omega Advisors and Blue Harbour Group of Greenwich, Connecticut. Though Reader's Digest's eponymous pocket-sized magazine attracts as many as 80m readers worldwide, it has not .......
Source: News.moneycentral.msn.com

11/16/06 - Archive - Deaths

HEADLINE:
STORY:
......Helen Louise Bennett, 92, Butler, formerly of Riverside and Greenwich, Conn.......
Source: The Herald

11/16/07 - Archive - Strategic Distribution, Inc. Announces Receipt of `Going Private' Proposal at $8.30 Per Share

HEADLINE:
STORY:
Strategic Distribution, Inc. (Nasdaq:STRD) today announced that the special committee of its board of directors has received a letter from William R. Berkley, Chairman of the Board of the Company, that an entity he controls proposes to acquire all of the outstanding equity interests of the Company for $8.30 per share in cash. A copy of the text of the proposal letter to the special committee is set forth below in this release. Mr. Berkley presently beneficially owns approximately 22.5% of the Company's outstanding common stock.
The Company's board of directors previously formed a special committee of independent directors to consider strategic alternatives for the Company. The committee will continue to work with William Blair & Company as the financial advisor to the Company, and the committee has retained independent legal counsel to assist it in its work. The board of directors cautions the Company's shareholders and others considering trading in its securities that it has only received the proposal and that no decisions have been made by the board of directors with respect to the Company's response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.
Interlaken Capital, Inc.
475 Steamboat Road, 2rd Floor
Greenwich, CT 06830
November 16, 2006
Special Committee of the Board of Directors of Strategic Distribution, Inc.
c/o Strategic Distribution, Inc.
1414 Radcliffe Street, Suite 300
Bristol, Pennsylvania 19007
Re: Strategic Distribution, Inc. Dear Sir/Madam:
This letter is being sent to you in your capacity as members of the Special Committee of the Board of Directors of Strategic Distribution Inc. (the "Company"). The Special Committee, comprised of disinterested directors of the Company, was formed to consider and evaluate strategic alternatives that may be available to the Company, including any proposal that I, individually or through any affiliate, may make.
As you know, the Board of Directors commenced a process at the beginning of 2005 to evaluate potential strategic alternatives for the Company. At that time the Board of Directors discussed whether continued independent operation of the Company was the best way to maximize shareholder value. In that regard, the Company retained William Blair & Company on January 31, 2005 to help evaluate such strategic alternatives. Although this process has been ongoing for the past 21 months, as of yet no definitive proposal relating to a potential strategic combination has been presented to the Board of Directors.
I believe that the rationale behind the Board of Directors' decision to initiate this process in early 2005 is as valid today as it was then. In particular, I believe that the current regulatory and financial reporting environment makes it financially unattractive for an entity the size of the Company to be publicly held. In light of this belief, and in light of the process that the Company has followed to date, I am submitting for your consideration the following proposal.
I propose, through an entity I control, to acquire all of the outstanding equity interests of the Company at a price of $8.30 per share, payable in cash. I contemplate that this transaction will be accomplished through a merger, to be approved by a majority of the outstanding shares of the Company, including approval by a majority of the outstanding shares owned other than by me or my affiliates (the "Requisite Stockholder Approval"). The cash purchase price for the outstanding Company shares will be financed from currently available resources.
I believe that, with the Company's cooperation, we would be in a position to execute definitive documentation prior to the end of the year. I would not require the Company to agree to negotiate a transaction exclusively with me during this period. However, I would want the Company to agree to provide at least three business days notice to me prior to entering into any exclusivity arrangement with any third party.
I anticipate that the definitive documentation will contain customary representations and warranties, preclosing covenants and closing conditions for a transaction of this type, including obtaining the Requisite Stockholder Approval, receipt of any required regulatory consents or approvals, the absence of any material adverse change in the Company's business, and the holders of not more than 10% of the outstanding shares seeking appraisal rights.
The definitive documentation would permit the Company to respond to unsolicited proposals. The definitive documentation would also permit the Company to terminate our agreement in the event the Special Committee and Board of Directors determined that an unsolicited alternative transaction was superior to my acquisition, provided that simultaneous with such termination the Company paid to me a termination fee equal to all expenses incurred by my advisors and me (without limitation) in connection with my acquisition proposal (including all legal and accounting expenses).
I would seek to retain the existing management and employees of the Company. I currently contemplate retaining existing non-equity benefit plans of the Company.
This proposal will remain in effect until the close of business on Wednesday, November 22, 2006. If the Special Committee wishes to commence negotiations concerning my proposal, I will require that the Company enter into an agreement to reimburse me for all out of pocket expenses (not to exceed $250,000 in the aggregate) incurred by my advisors and me (including all legal and accounting expenses) in connection with my proposal and investigation in the event that the Company thereafter determines not to pursue my proposed transaction.
Of course, this proposal represents my current intent and is not a binding agreement. Such binding obligations will only arise upon the subsequent execution of definitive documentation. I look forward to your response. If you have any questions concerning our proposal, please feel free to contact me or William Mahone.
Very truly yours,
William R. Berkley

Strategic Distribution, Inc. helps customers optimize their business performance and meet strategic goals by providing technology and supply chain solutions to increase productivity and reduce total costs. Commercial and industrial customers, as well as educational institutions, benefit from reduced costs and increased efficiencies in the procurement and management of MRO materials. Additional information about Strategic Distribution, Inc. can be found on the Company's web site at www.sdi.com.
CONTACT: Strategic Distribution, Inc.
Donald C. Woodring, President and Chief Executive Officer
(800) 322-2644, x 1978

11/16/07 - Archive - Loco Promo

HEADLINE:
STORY:

The following authors (and an illustrator) will be appearing at an event called Literary Lights – A Holiday Book Festival on Friday, December 8, from 6:00-8:30 p.m., at the Arts Center at 299 Greenwich Avenue in Greenwich, Connecticut:Barry Blitt, who illustrated The 39 Apartments of Ludwig Van Beethoven, which came out in SeptemberNora Raleigh Baskin, a Connecticut author whose In the Company of Crazies was published in AugustPeter Brown whose book Chowder was published in SeptemberPromote locally! No, most of you will not make the trip to Greenwich from where you are to see these people, but now you've seen their names and book titles.
Source: Original Content link

Reporter: Gail

11/16/06 - Archive - Blue Harbour Group Comments on Reader's Digest Acquisition

HEADLINE:
STORY:
Blue Harbour Group, asignificant shareholder of The Reader's Digest Association (NYSE: RDA),today issued the following statement from its Chief Executive Officer,Clifton S. Robbins, commenting on Reader's Digest's agreement to beacquired for $17.00 per share in cash:
"Over the past year, Blue Harbour has been working with Reader'sDigest's Board and management, exploring ways to optimize value forshareholders. Blue Harbour believed that the Company's shares wereundervalued in the market and recommended that Readers Digest consider agoing-private transaction. We applaud Reader's Digest's Board on thetransaction announced today."
Blue Harbour Group, which has in excess of $1 billion in capital, wasformed in 2004 to pursue a private equity approach to public markets byacting as a lead minority investor, working cooperatively with managementsand boards to create and unlock shareholder value.......
Source: PR Newswire
Reporter: Victoria Weld (212) 521-4849

11/16/06 - Archive - Hertz IPO Debuts at $15 Per Share

HEADLINE:
STORY:
...... shares, worth about $3.9 billion. 'That's not a bad return,' said James DeStefano, a research analyst for Greenwich, Conn.-based Renaissance Capital. Such a quick and highly profitable flip is turning off some investors, analysts say. 'There ......

11/16/06 - Archive - North Castle Partners Invests in Caleel + Hayden, Leading Marketer of Mineral-Based Cosmetics and Premium Skin Care Brands

HEADLINE:
STORY:
North CastlePartners today announced that it has acquired a controlling interest inCaleel + Hayden, Inc. ("C+H"), a developer, marketer and distributor ofmineral-based cosmetics and high-end skincare products ("cosmeceuticals").North Castle is a leading private equity firm focused exclusively oninvestments in consumer-driven product and service businesses that benefitfrom "Healthy Living and Aging" trends. It will fund the new investment,the terms of which were not disclosed, from its North Castle Partners III,L.P. fund.
Denver, CO-based Caleel + Hayden serves more than 5,400 dermatologists,cosmetic surgeons, licensed aestheticians, spas and salons domestically andinternationally and select specialty retailers in the United States. Thecompany's brands include glominerals, glotherapeutics and glospa, whichwere developed by C+H, as well as Cellex-C and Lycon Wax, which are soldunder exclusive distribution agreements in the U.S. and selectinternational markets.
North Castle's investment in Caleel + Hayden builds on the firm'sexpertise in the Aesthetics and Personal Carearena, where it currentlyholds investments in Avalon Natural Products, Inc., a leading natural andorganic personal care company; Red Door Spa Holdings, the world's leadingowner and operator of full-service salons and day spas, and HDS CosmeticsLab, Inc., a leading clinical skin care company operating under the brandname Doctor's Dermatologic Formula (DDF)........
Source: North Casle Partners http://www.northcastlepartners.com/
Reporter: Todd Fogarty, Kekst and Company 212-521-4854 todd-fogarty@kekst.com
Publication Date: November 16, 2007
ALSO:

11/16/06 - Archive - Hunters enter Hemlock Hill to cull population

HEADLINE:
STORY:
... there have been successful controlled hunts in many other areas in Fairfield County. The Devils Den Preserve, the Greenwich Audubon, the towns of Wilton and Darien all have hunts where there have been no reported injuries. Some of those hunts ...
Source: News: TimesLive.com

11/16/06- Archive - Swim Team Breaks 28-Year-Old Record

HEADLINE:
STORY:
... Lopez and Lauren Timmerman broke the 1978 school record time of 3:39.90. The women finished in second place behind Greenwich's 3:34.97. Norwalk/McMahon even took home a first place honor in the 200-yard freestyle relay. "It's really exciting," said ...
Source: Grenwich Citizen
Publication Date: November 16, 2007

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