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Saturday, November 17, 2007

11/14/07 - Greenwich News Wire

Amaranth Plays Victim In Lawsuit
Institutional Investor
... clearing broker. In a lawsuit filed in the trial-level New York State Supreme Court , Bloomberg News reports, the Greenwich, Conn.-based hedge fund is seeking $1 billion in damages, claiming JPMorgan's actions resulted in Amaranth's failure to get a ...


Big Prices for Bacon Paintings Lead a Record Night for Sotheby's
New York Times
... million, or $11.8 million with premium. An untitled Basquiat from 1981 that was being sold by Peter Brant, the Greenwich, Conn., publisher, was estimated at $7 million to $9 million. A telephone bidder bought it for $6.9 million, or $7.7 million ...


Select Telecom Announces New Contracts
Westchester.com
... hired Select Telecom to install two IP telephone systems; one in their Andover, MA office and another in their Greenwich, CT office. Both systems were networked together via a Multi Protocol Label Switching Network (MPLS), the latest technology in ...


Masuk's Lang places first in 200 IM
Connecticut Post
... At the Class LL meet at Southern Connecticut, Staples led the regional finishers in third place with 439 points. Greenwich won the event with 810.5 points, while Cheshire was second with 791. Amity's Margaux Farrell was a double winner, taking the ...


Georgia Blue Chips
Atlanta Journal-Constitution
... hedge fund acquired a $485 million stake in Home Depot Inc. in the third quarter. ESL Investments Inc., based in Greenwich, Conn., held 16.7 million Home Depot common shares on Sept. 30, according to a filing Wednesday with the Securities and ...
Lampert has stake in Home Depot
Chicago Tribune
... retail stocks, bought a $485 million stake in Home Depot Inc. in the third quarter. ESL Investments Inc., the Greenwich, Conn.-based hedge fund run by Lampert, held 16.7 million Home Depot shares as of Sept. 30, according to a filing Wednesday with ...

The Firm With a Shadow That Extends Far Past Wall St.
New York Times
... it has seeded some of the most successful private investment funds, many of them extending Goldman's shadow from Greenwich, Conn., to London and beyond. Goldman claims among its alumni Henry M. Paulson Jr. , the current Treasury secretary; Robert E. ...


Wreckers Beat Rams 14-7 in Two Overtimes to Make FCIAC Finals
Westport News
... Canaan Rams, raising the Wreckers' record to 8-0 and earning them a berth in the FCIAC championship game against Greenwich High Nov. 22 at home. New Canaan dropped to 7-2. "It's awesome," said Samela. "It's going to be awesome going up against ...

Comment?
United Rentals Buyout woes send shares to worst fall
Chicago Tribune
... its $4 billion offer. The stock plunged $10.51, or 30.9 percent, to $23.50, on the New York Stock Exchange. The Greenwich, Conn.-based company's stock posted its biggest drop since it went public in December 1997. Reuters reported earlier in the ...

Why Aren't There Government Bloggers?
Rebuilding Media
... ublic Communications, and meanwhile is managing partner of the media consulting firm of Digital Deliverance LLC in Greenwich, Connecticut. November 14, 2007
Stocks Finish Lower in Erratic Session
WJLA-TV Arlington
... it tends to accelerate in the last hour," said Steven Goldman, chief market strategist with Weeden & Co., in Greenwich, Conn. "They hit a grease spot, and that was the case today, as well." The market was initially relieved after Bear Stearns Cos. ...

Comment?
Greenwich man charged with racketeering in alleged fraud
Norwalk Advocate
A Greenwich man has been charged with bilking investors out of more than a half-million dollars through schemes to acquire hospital and surgical centers.


Cerberus May Pull United Rentals Offer
Construction Equip. Distribution
... Cerberus spokesman declined to comment. A United Rentals spokesman did not return multiple calls seeking comment. Greenwich, Connecticut-based United Rentals, with more than 690 rental locations in 48 states, Canada and Mexico, rents everything from ...


Cerberus pulls offer for United Rentals
Reuters
... York-based Cerberus, a private equity firm and hedge fund, originally offered $34.50 per share for the company. Greenwich, Connecticut-based United Rentals said Cerberus' rejection of the deal was "unwarranted and incompatible with the covenants of ...


Stocks Finish Lower After Wobbly Session
Wednesday Nov 14 Rapid City Journal
... it tends to accelerate in the last hour," said Steven Goldman, chief market strategist with Weeden & Co., in Greenwich, Conn. "They hit a grease spot, and that was the case today, as well." The market was initially relieved after Bear Stearns Cos. ...

Amaranth decides on a ploy named sue
Shanghai Daily
... the third-largest United States bank, and hedge-fund manager Citadel Investment Group LLC later took over the Greenwich, Connecticut-based firm's energy trades. Amaranth returned cash to investors this year. In a letter on Tuesday to investors, ...

Comment?
FirstLight Financial Corporation Serves as Lead Arranger of $115MM in ...
Business Wire
OLD GREENWICH, Conn.-- --FirstLight Financial Corporation announced today that it served as lead arranger and administrative agent of a $115 million senior credit facility for the American Infrastructure MLP ...


Murdoch to set WSJ Online free; Sees decline in television profit
Rebuilding Media
... ublic Communications, and meanwhile is managing partner of the media consulting firm of Digital Deliverance LLC in Greenwich, Connecticut. November 14, 2007 Murdoch to set WSJ Online free; Sees decline in television profit


Guilty pleas in old rape case in Greenwich
Hartford Courant
Two men linked to a 1991 rape in Greenwich pleaded guilty Tuesday in exchange for 10-year prison sentences.


Cerberus Wants to Cut $4 Billion Offer to Buy United Rentals, People Say
Bloomberg
... in New York. ``The banks were struggling with selling the associated debt offering.'' United Rentals, based in Greenwich, Connecticut, fell $8.71, or 26 percent, to $25.30 at 1:11 p.m. in New York Stock Exchange composite trading. Cerberus offered ...


Selectmen Address Bypass, Plow Truck, Airport, Personnel
Lincoln County News
... owned by Don Fakvey, the same amount he was charged last year for a ground lease of $6,776 on which BRMS, LLC of Greenwich, Conn. is planning to have a building for storage and maintenance of its own aircraft for charter flights. Falvey paid the ...


FAO Schwarz Acquires Best & Co.
Display & Design Ideas
... further transform FAO Schwarz into a comprehensive lifestyle brand." Best & Co. currently has a flagship store in Greenwich, Conn., and a boutique in Bergdorf Goodman in New York City. The company, founded in 1879 and in operation in New York and up ...


USSA trustee Michael Biondi dies at 50
Ski Racing Intl.
... served as Lazard Ltd.'s co-chairman of investment banking. Bloomberg News reported that Biondi died at his home in Greenwich, Connecticut, according to a memo distributed to Lazard employees by Bruce Wasserstein, the firm's chairman and chief ...


Greenwich hedge index climbs in October
InvestmentNews
The Greenwich Global Hedge Fund Index tallied a 3.01% return in October, representing the strongest month since January 2006.


Knowing the Power of Networking
US News & World Report
... decided to do something about that inequity. He left his job and, with partner Peer Pedersen, 51, co-founded the Greenwich, Connecticut-based fund of funds, Blue Orchid Capital, and the Steamboat Foundation in 2003. Each year, a significant portion ...


Hug a Hedgie
Buzzle.com
... Sri Lankan construction. Even in their own backyard, hedge funds aren't overwhelmingly popular. The leafy town of Greenwich, Connecticut is America's hedge fund capital with at least 380 funds managing $100bn. Greenwich's endless row of boutiques - ...


Cerberus Wants to Reduce $4 Billion Price for United Rentals, People Say
Bloomberg.com
... Stephen Feinberg, withdrew its offer in October to buy Affiliated Computer Services Inc. United Rentals, based in Greenwich, Connecticut, fell $8.74, or 26 percent, at 11:35 a.m. in New York Stock Exchange composite trading. Reuters reported earlier ...

Norwalk Advocate
Greenwich residents at last will be able to find out some facts that many no doubt feel they are owed regarding why a long-time, prominent and well-regarded public servant may be fired.

Amaranth Sues JPMorgan for Disrupting Its Efforts on Goldman, Citadel Deal
Bloomberg.com
... JPMorgan, the third-largest U.S. bank, and hedge-fund manager Citadel Investment Group LLC later took over the Greenwich, Connecticut- based firm's energy trades. Amaranth returned cash to investors this year. In a letter yesterday to investors, ...


FAO Schwarz acquires Best & Co.
DM News
... a chain of East Coast stores until 1971. The brand was re-established in 1997 by Susie Hilfiger with a store in Greenwich, CT, and a boutique in Bergdorf Goodman that stock the Best & Co. collection designed by Hilfiger as well as a selection of ...


Driven McLain Flats Road lately?
Aspen Daily News
Photo Credit: Zach Ornitz/Aspen Daily News Courtney Stuart, 9, of Greenwich, Conn., bounces skyward while playing on the Aero Bungee at Buttermilk Mountain on Saturday afternoon.

Armonk Square returns to landmarks panel after passing environmental review
Journal News
... the developer's request for a certificate of appropriateness. But during the summer Antares Investment Partners of Greenwich, Conn., shrank the development to eliminate a major concern, a potential parking area within the district that could be ...

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