2/10/08 The Raw Greenwich Overnight News Feed. Greenwich Roundup Has Spanned The Globe To Bring You The Latest News About Greenwich

Say Cheese: Greenwich, April 9, 2005. Andrew Kissel is seen at Epona Stables in Greenwich, Conn. in an April 9, 2005 photo. The driver of slain Greenwich real estate developer Andrew Kissel and another man have been charged in his 2006 murder, police said Saturday (The Greenwich Time/AP Photo)

Top International Story:

American woman convicted in 'milkshake murder' granted approval to file appeal in Hong Kong

By DIKKY SINN

Associated Press Writer

HONG KONG

An American woman convicted in Hong Kong of killing her banker husband by serving him a laced milkshake and then bashing him on the head won approval Tuesday to move ahead with her appeal.

Nancy Kissel, dressed in a black skirt and black cardigan, smiled and appeared calm as a three-judge panel granted her request to file a second appeal before the territory's high court.

The high court, known as the Court of Final Appeal, will now decide whether to hear the appeal. Kissel lost the first appeal of her conviction in October.

Kissel was found guilty of murder and sentenced to life in prison in 2005 in the case widely referred to as the "milkshake murder." She was convicted of drugging her husband with sedatives in 2003 and then bludgeoning the wealthy banker on the head with a metal ornament.

Full Story: ABC News

Gates Chili has two superintendent finalists
Democrat & Chronicle
... 2 district superintendent and search consultant. Manko started teaching high school social studies in 1977 in Greenwich, Conn. He also worked as an Oswego County BOCES assistant principal, a middle school principal and the New York Mills Union Free ...

TOP STORTS STORY:

Naslund enjoys New York, hopes to play with Foppa
NHL.com
... From a personal standpoint, though, he is exactly where he wants to be. He and his wife, Lotta, love their home in Greenwich, Conn., which is about a 15-minute drive to the Rangers' practice rink in Greenburgh, N.Y., and about a 45-minute commute ...

Top National / Business Story:

CEOs feel the heat: Homeowners protest outside mansions
Raw Story
... "Grab Your Torch and Pitchfork." Protesters also gathered outside the mansions of William Frey, the CEO at Greenwich Financial Services, and John Mack, CEO of Morgan Stanley. "The move was part of the nonprofit group's national ...

MORE:

Housing group to protest at executives' homes
Boston.com
... companies that balk at refinancing programs are "financial predators." It conducted a demonstration Sunday at the Greenwich, Conn., home of William Frey, chief executive of Greenwich Financial Services. They also protested at the Rye, N.Y., home of ...

STILL MORE:

Nonprofit protests at lenders' homes
The Boston Globe
... homeowners refinance their mortgages. Neighborhood Assistance Corp. of America demonstrated Sunday at the Greenwich, Conn., home of William Frey, chief executive of Greenwich Financial Services, and the Rye, N.Y., home of John Mack, chief executive ...

United Rentals, Inc. Fourth Quarter and Full Year 2008 Conference...
Earth Times
... United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 2000 Index and is headquartered in Greenwich, Conn. Additional information about United Rentals is available at unitedrentals.com. United Rentals, Inc. Fred Bratman, ...

CT Snowmobiler Dies in Colo.
Wcbs880.com
... was enough to kill him on impact. Grand County Sheriff Rodney Johnson says 40-year-old William S. Bradford of Greenwich, Conn., died Sunday of blunt force trauma after losing control of his snowmobile [Sky Hi Daily News] on a groomed trail in the ...

Suspect in Fatal Crash Busted Again
WVIT-TV
... charges including vehicular homicide for the crash on Jan. 28. Kathy Krasniewicz, 54, and Kate McClelland, 71, of Greenwich died when Jacobson slammed into the cab they were riding in, police said. The women were attending a librarian conference in ...

Director's Cut: Burger Meister
Westchester
... gets their knickers in a twist because this Westchester Magazine food writer is celebrating a restaurant in Greenwich CT, let me point out that there are no border guards between the two states. Likewise, there are no tolls, wide rivers, or ...

Concept Capital Expands to Fixed Income Sales and Trading, Appoints...
Business Wire
... in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Los Angeles, Houston, Chicago and Boca Raton, FL. Concept Capital is a division of SMH Capital, Inc., ...

U.S. Stocks Fluctuate as Insurers, Energy Companies Rise; Hartford Climbs
Bloomberg
... of what may be bullish news from the Treasury tomorrow,a said Andrew Wilkinson , the senior market analyst at Greenwich, Connecticut-based Interactive Brokers Group Inc. Coca-Cola fell $1.02 to $42.53 for the biggest decline in the Dow. The company ...

Millburn Ridgefield Corporation Chooses FlexTrade for Futures Trading
EON - Enhanced Online News
... class algorithmic trading in futures, equities, foreign exchange and equity options from a single screen. Based in Greenwich, Connecticut, Millburn Ridgefield Corporation is an asset management firm specializing in quantitatively-driven specialized ...

Private-equity firm steps in with R.G. Barry buyout bid
Business First of Columbus
... is evaluating an offer valued at up to $77.8 million to sell the company to Mill Road Capital LP , a Greenwich, Conn.-based private equity firm that submitted an unsolicited buyout bid Jan. 28. CEO Greg Tunney, in a Jan. 30 conference call ...

W.R. Berkley net income down 78%
MarketWatch
Operating income for the Greenwich, Conn. insurance provider fell to 62 cents a share from 97 cents a share.

Massage therapy veteran opens spa
HeraldTribune.com
... Venice. Rodriguez is a 16-year veteran in the massage therapy industry. Formerly the owner of Robin's Nest, a Greenwich, Conn., body care business, Rodriguez tended a high-profile clientele base of men and women involved with professional ...

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12/09/08 The Raw Greenwich Business News Feed

Office Vacancy Rates Rise in Manhattan’s Shadow

New York Times

Before the market softened, some rents in Greenwich were more than $100 a square foot and more than $60 in Stamford. “Landlords are trying to hold on to ...

Treasury Bills Trade at Negative Rates as Demand for Investor Haven Surges
Bloomberg
Treasuries rose, pushing rates on the three-month bill negative for the first time, as investors gravitate toward the safety of U.S. government debt amid the worst financial crisis since the Great Depression.

The Treasury sold $27 billion of three-month bills yesterday at a discount rate of 0.005 percent, the lowest since it starting auctioning the securities in 1929. The U.S. also sold $30 billion of four-week bills today at zero percent for the first time since it began selling the debt in 2001.

“It’s the year-end factor,” said Chris Ahrens, an interest-rate strategist in Greenwich, Connecticut, at UBS Securities LLC, one of the 17 primary dealers that trade directly with the Federal Reserve. “Everyone wants to be in bills going into year-end. Buy now while the opportunity is still there.”

The benchmark 10-year note’s yield tumbled 11 basis points, or 0.11 percentage point, to 2.63 percent at 4:48 p.m. in New York, according to BGCantor Market Data. The 3.75 percent security due in November 2018 gained 31/32, or $9.69 per $1,000 face amount, to 109 23/32. The yield touched 2.505 percent on Dec. 5, the lowest level since at least 1962, when the Fed’s daily records began.

The two-year note’s yield fell 10 basis points to 0.84 percent. It dropped to a record low of 0.77 percent on Dec. 5.

If you invested $1 million in three-month bills at today’s negative discount rate of 0.01 percent, for a price of 100.002556, at maturity you would receive the par value for a loss of $25.56.

‘Horrible Year’

Indirect bidders, a group that includes foreign central banks, bought 47.2 percent of the four-week bills, compared with 31.7 percent in the prior auction. Primary dealers bought 52.1 percent, while direct bidders such as individual investors purchased 0.7 percent.

“It’s been such a horrible year people want to show they have the good stuff on their balance sheets, not the bad stuff, but with yields already so low it pushes these even lower,” said Theodore Ake, the head of Treasury trading in New York at Mizuho Securities USA Inc., another primary dealer.

The rate on four-week bills peaked at 5.175 percent on Jan. 29, 2007. The government began issuing the four-week bills in July 2001, according to Stephen Meyerhardt, a spokesman for the Bureau of Public Debt in Washington. The bills are intended to reduce the government’s reliance on irregularly issued cash management bills.

Meyerhardt wasn’t aware of the three-month bill ever trading at a negative rate before.

Housing Slump

Treasuries of all maturities have returned 11.4 percent this year, according to Merrill Lynch & Co.’s U.S. Treasury Master Index. That compares with a 39 percent loss in the Standard & Poor’s 500 Index, including reinvested dividends.

Bonds have surged as the U.S. housing slump pushed up the cost of credit globally, causing equity markets to tumble. The world’s biggest financial companies incurred almost $1 trillion in writedowns and credit losses since the start of last year, helping push the major economies into recession ...

MORE NEWSLINKS FROM THE RAW GREENWICH BUSINESS NEWS FEED......

GMS Group Expands Managed Account Services Via Technology, Products, and Services from FundQuest
PRESS RELEASE: Business Wire
... with branches located in New Jersey, Texas and Florida, Institutional Sales/Trading located in Livingston, NJ and Greenwich, CT and Investment Banking located in Springfield, PA. Long recognized as a leading specialist in tax-exempt municipal bonds, ...

Morgan Stanley Revamps Bonuses With Claw-Back Provision
Bank Systems & Technology
... and what other firms are doing in tough times check out the New York Times article . Third Wave Global Investors (Greenwich, Conn.) Larry Smith Founder and Chief Investment Officer Growing up at JPMorgan, I learned what it meant to be a fiduciary at ...

Picking pet requires homework
Tacoma News Tribune
... they often are able to make successful matches. Sharon Haught, an adoption counselor with Adopt-a-Dog Inc. in Greenwich, Conn., says it can be tempting to want to adopt a pet after the first visit, but additional research and visits are often ...

Public relations, press release distribution, investor relations, SEC filing
Business Wire
GREENWICH, Conn.----Hedge funds as measured by the Greenwich Global Hedge Fund Index ("GGHFI") declined for the fifth straight ...

Editorial: The Season for Giving
Radio World

In lieu of our regular editorial, Radio World today shares this space with the Broadcasters Foundation of America, which has begun its annual fund drive.

The following letter to the industry was distributed by President Philip Lombardo and Vice Chairman Stu Olds.

Dear Colleague: Over the years you've been very generous to the Broadcasters Foundation of America and we're hopeful we can count on your support during these difficult and uncertain economic times. We need you now more than ever. Thanks to you, our national charitable Foundation has been a "Foul-Weather Friend" to hundreds of present and former broadcasters.

As you know, many support our Mission by attending our golf events, the Golden Mike dinner at the Waldorf each year and the "Angels" Campaign for corporate contributors....

... made possible by your generosity. One of our recipients recently sent this note to our national headquarters in Greenwich. It should have properly gone to you and our other benefactors: "When my family and I were really up against it after my stroke ...

Blyth Q3 Sales Fall 12 Percent
Gifts & Decorative Accessories
Greenwich, CT Gift and home vendor Blyth Inc. reported sales for the third quarter dropped about 12 percent to $250.8 million, compared to $285.9 million for the prior year period.

Weeden & Co. and Pragma Financial Systems Launch OnePipe Plusa
PRESS RELEASE: Business Wire
... systems. Founded in 2002, Pragma's clients include brokers, hedge funds, and traditional asset managers. Greenwich, Conn.-based Weeden & Co., LP, is a full-service institutional broker specializing in the execution of difficult-to-trade equities and ...

Incidence and Impact of Lyme Disease on the Rise

Press Release: PRWeb
In fact, health experts from the Wildlife Conservation Society just released a report listing 12 pathogens, including the agents behind avian flu, Ebola, cholera, and Lyme disease, which are likely to invade ...

Chromatin, Inc. Raises $12.4 Million in Series C Financing
PRESS RELEASE: BioSpace
... completed a Series C financing round of $12.4 million, led by Quantitative Financial Strategies, Inc. ("Quant") (Greenwich, CT), and joined by the Malaysian Life Sciences Capital Fund ("MLSCF") and Chromatin's existing investors Burrill & Company, ...


Maxum Petroleum Receives $300 Million Investment from Metalmark Capital and Waud Capital Partners
PRESS RELEASE: Business Wire
... increase our commitment to Maxum Petroleum and help it reach the next level." Maxum Petroleum, Inc., based in Old Greenwich, CT, is a leading independent energy logistics company that markets and distributes a comprehensive offering of refined ...

Number of part-time workers surged to 7.32M in November
The Honolulu Advertiser
... so bad, that people are giving up hope of even finding anything,' said Stephen Stanley, chief U.S. economist at Greenwich Capital Markets in Greenwich, Conn. While the U.S. unemployment rate reported by the Labor Department for last month was the ...

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