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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 ...

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