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Tuesday, August 16, 2011

08/16/11 The Raw Greenwich Business News Feed

Local, National And International Business Reports About Greenwich, CT

BRIEF: Private-equity firm buys 6 percent stake in Hillsboro's FEI Co. (American Chronicle)
Aug. 16--A private equity firm has acquired nearly 2.4 million shares of FEI Co., paying more than $68 million, according to a regulatory filing.

Private-equity firm buys 6 percent stake in Hillsboro's FEI Co. (OregonLive)
Published: Monday, August 15, 2011, 7:24 PM Updated: Monday, August 15, 2011, 7:27 PM A private equity firm has acquired nearly 2.4 million shares of FEI Co., paying more than $68 million, according to a regulatory filing.

Billionaire Ross Sees End to Slump in Shipping:... (BusinessWeek)
Billionaire Wilbur Ross is betting that the slump in shipping which drove oil-tanker returns to a 14-year low and rates for commodity carriers to the cheapest in a decade is ending.

US doctor pleads guilty in securities case (Pharmaceutical Processing)
An Ivy League-trained doctor turned health care hedge fund manager pleaded guilty Monday to a conspiracy charge for illegally evading $30 million in losses by obtaining inside information from a fellow doctor.

United Rentals to Acquire Ontario Laser in Canada (Business Wire)
United Rentals, Inc. today announced that United Rentals of Canada, Inc., a wholly-owned subsidiary of the company, has entered into a definitive purchase agreement to acquire the business and substantially all of the assets of Ontario Laser Rentals Ltd., a leader in trench safety equipment rental in the province of Ontario.

Greenwich Resident Pleads Guilty to Insider Trading (Patch)
Dr. Joseph "Chip" Skowron, a Greenwich resident and a former manager of a hedge fund at FrontPoint Partners pleaded guilty on Monday for his role in an insider trading scheme.

Merricks Join Volunteers at Constellation Seniors (The Daily Larchmont)
Legends of golf including Tom Watson, Ben Crenshaw and Fred Couples will play the historic Westchester Country Club course this week, but the Constellation Energy Seniors Golf Open wouldn't be able to tee off if it weren't for an army of local volunteers.

Conn. doctor pleads guilty in NYC securities case (WAFB-TV Baton Rouge)
An Ivy League-trained doctor turned health care hedge fund manager pleaded guilty Monday to a conspiracy charge for illegally evading $30 million in losses by obtaining inside information from a fellow doctor.

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