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Showing posts with label Breaking Business News. Show all posts
Showing posts with label Breaking Business News. Show all posts

Thursday, January 22, 2009

1/22/09 The Greenwich Citizen Has Not Updated Since Friday, But Greenwich Roundup Is Here With The Raw Greenwich News Feed (Updated All Day)

Here Are A Few Greenwich News Stories That Hearst Newspaper Editor Don Harrison Missed At The Geeenwich Citizen ......

IF YOU WANT TO KNOW WHAT"S GOING ON IN GREENWICH READ THE OUT OF TOWN PAPERS

TOP STORY:



Greenwich based Duff Capital Advisors, which once employed as many as 100 people, cut its staff by almost 80% last month, the New York Post reports...



Tough Times for Duff Lead to 80% Job Cuts
New York Post
... hiring a posse of hedge-fund management teams as well as constructing new office space at 100 West Putnam Ave. in Greenwich, Conn., spurring insiders to criticize Duff for having spent too much money before his firm made even a single investment....

Nymex Gas Declines on Reduced Demand for Energy as U.S. Recession Deepens
Bloomberg
... is making it difficult to quantify how far gas use may deteriorate, Tom Orr , research director at Weeden & Co. in Greenwich, Connecticut, said in a telephone interview. Industrial Users Demand from chemical makers and other large consumers of gas ...

$10.6 million will be used for New Haven line signalization upgrade
Stamford Plus Magazine
The $10.6 million to be approved by the Bond Commission will cover signal work on the line in Greenwich, from the New York state line. ...

Madison Man Admits to Fraud Scheme
TheDay, CT
Documents filed with the court and statements made in court show that in late 2002 Safdie approached Acorn Capital, a Greenwich-based assets lending firm, ...

Port Chester residents critique plan for village growth
The Journal News
... to the plan before approving it. "We must remember we are a unique community," she said. "We are not Rye or Greenwich or White Plains. We are who we are. The comprehensive plan was built around what the people of Port Chester want and need." ...



Boys hoop: Warriors struggle in rough FCIAC
Wilton Bulletin
... leaving the Warriors with a 2-8 record with 10 games left — and powers like Trinity Catholic, Bridgeport Central, St. Joseph, Greenwich and Staples, ...

Business Briefs - Jan. 22
Jackson County Pilot
... facilities in Arlington, Texas, and had expanded beyond its current capacity. Farleya s and Sathers is owned by Greenwich, Conn.-based Catterton Partners. The company has sales of more than $600 million following a series of acquisitions in recent ...

Apple Pops, Volatility Drops
Forbes, NY
Andrew Wilkinson is senior market analyst at Greenwich, Conn., based Interactive Brokers. Reach him via e-mail: ibanalyst@interactivebrokers.com .

Lady Wreckers stay on a roll, beat Cards
Westport News
... falls on the balance beam and many of its gymnasts had personal bests Monday in its 134.85-127.55 road win over Greenwich High at the Greenwich YWCA and raised its record to 4-0. The Lady Cardinals dropped to 2-2. "We did outstanding on beam and ...

Boys swimming: Wilton evens record with win over Trumbull
Wilton Bulletin
The Warriors were coming off a 132-48 loss to conference and state power Greenwich last week. Ross Gormley, Dan Mangan and John Craig all won two individual ...

Toyoda Said to Plan Replacement of Most of Toyota's Top-Level Management
Bloomberg.com - Asia
... to let Akio bring in new people,'' said Maryann Keller , an independent auto analyst and consultant in Greenwich, Connecticut. ``A new CEO wants to put together his own team.'' Keller, a Toyoda family acquaintance, said she hasn't discussed the ...

Skiing: Greenwich deals RHS teams rare double loss
Ridgefield Press
But any way you look at it, the Ridgefield High ski teams were jolted by a rare double loss to Greenwich in biting cold conditions at Mount Southington last ...

Injuries to Ankle, Knee and Shoulder Face Recreational Football Players
PRESS RELEASE PRWeb
... MD, MS, FACS, FAAOS, a leading orthopaedic surgeon and sports medicine expert with offices in Manhattan and Greenwich, Conn., specializes in helping football players of all levels to avoid damage, reduce the number of injuries and improve the ...

Dartmouth Hockey Ties In Worcester
WMUR-TV Manchester
... Andrew Owsiak (Moose Jaw, Sask.) at 7:33, firing over netminder Adam Roy's shoulder for the 1-0 lead. Peter Boldt (Greenwich, Conn.) also assisted. Dartmouth had some penalty trouble in the early goings but its penalty killing unit was up to task as ...

News > Unternehmensnachrichten > Ocean Tomo Releases Catalogue for ...
Ad-Hoc-News (Pressemitteilung), Germany
Headquartered in Chicago, Ocean Tomo has offices in Greenwich, San Francisco, Palm Beach, Orange County and Washington DC. Subsidiaries of Ocean Tomo ...

THE WEALTH REPORT
Wall Street Journal Blogs
Remember that proposed Greenwich, Conn., mansion with 26 toilets? Well its Russian owner, rejected by town planners on the first plan, downsized the home ...

Local Towns Attack Water Supply Issue
New Canaan News Review
The "back country" of Greenwich does not have a municipal water supply for fires, so the town has set up initiatives to build dry hydrants on public and ...



ECONOMIC REPORT Housing starts plunge to another record low
MarketWatch
... shockwave felt in the fall has clearly brought the housing industry to its knees," wrote Stephen Stanley, chief economist for RBS Greenwich Capital. ...



This Weekend
Bridgeport News
More than 40 masterpieces of modern sculpture, drawn from local collections in Greenwich and its environs, will go on exhibit Saturday, Jan. ...

Greenwich swimmers dunk New Canaan
Stamford Advocate
By David Fierro
Greenwich High School's Eric Minowitz swims to a first-place finish in the 500-yard freestyle during Wednesday's meet against New Canaan. ...



SWRPA outlines 2009 priorities
DarienNews-Review
One of 15 regional planning agencies in Connecticut, SWRPA provides regional planning services to the cities of Norwalk, Stamford, Darien, Greenwich ...



'Free and appropriate'
DarienNews-Review
...Special Education Attorney David Shaw said that the state has made it more cost-neutral for schools to out-place a student at a another public facility, whereas it used to be even more cost-effective for the schools. Shaw was the leading prosecutor in P.J. et al vs. the State Board of Education, a landmark Connecticut case dealing with the inclusion of children with intellectual disabilities....

....He said that when children are sent to "segregated schools," they rarely return to their home school district. "It is pretty much a one-way street, especially for children with severe disabilities.".....

... they can place the child in a private educational facility, such as Eagle Hill in Greenwich, Benhaven or Cedarhurst in Hamden, or High Road School of Norwalk, among many other private special education facilities in the state. ...

AllShows.com Named the Primary Ticket Seller for the Heirloom Arts ...
MSNBC
GREENWICH, CT - In yet another partnership developed to provide New York tri-state area consumers with unique entertainment experiences, AllShows.com today ...

Sure we're in bad times, but chin up, we are still Americans
Stamford Advocate
... adds still a lot more to the glass. Greenwich resident Carla Wallach is an author who has written numerous articles in national publications.....

Suzette Smith: From Hedges to the Heights
Shelter Island Reporter, NY
... Stars in the Heights, was born in Chingola, Zambia (a grandfather was CEO of a mineral company) but grew up in Old Greenwich and Milford, Connecticut. ...

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Monday, January 5, 2009

1/5/09 The Raw Greenwich News Feed


Greenwich Roundup Is Spanning The Globe To Bring You The Latest Newspaper And Medias Reports Concerning Greenwich......

Stocks retreat over financial, telecom news
The Washington Times
... The S&P sank 4.35, or 0.47 percent, to 927.45. Steven Goldman , the chief market strategist for Weeden & Co. in Greenwich, Conn. , told The Washington Times that the markets tend to discount economic reports and are looking at the bigger picture ...

Red Cross Blood Drives in Greenwich...
WSTC-AM Norwalk
... A sufficient blood supply rests on the generosity of volunteer donors. To schedule an appointment, please call the Greenwich Chapter at 203-869-8444. To donate blood and platelets through the American Red Cross, individuals must be at least 17 years ...

Animation station stops here
Journal News
... the 'Ice Age' movies. The 'Ice Age' franchise is a product of Blue Sky Studios - formerly of White Plains, now of Greenwich, Conn. - which has teamed with the Arts Council and its White Plains neighbor, J.J. Sedelmaier Productions ('Beavis and ...

Consumer: Consignment Shops Save, Earn You Money
WCBS-TV New York
... closet. Yet she pays next to nothing. What's her secret? Consignment. Her store of choice? Second Time Around in Greenwich, Conn. The labels she scoops up include DVD, Trina, Burberry, Tory and Ralph. "I personally love to clean out my closet," ...

US dollar hits three week high
The Age
... this mess and will be the first country that drags itself out," said Andrew Wilkinson, a senior market analyst in Greenwich, Connecticut, at Interactive Brokers Group Inc., which handles about a fifth of all options traded in the US "Europe is ...

Rare WWE Videos Bring Legendary WWE Superstars into the Home.
PRESS RELEASE WebWire

Wrestling sports journalists at ReelWrestling.com release impromptu Jeff Hardy WWE video footage

Greenwich, Connecticut - After his debut WWE Championship win, Jeff Hardy was interviewed by ...

Penda Corp., Durakon Industries to merge
The Business Journal of Milwaukee
... rtners, a private equity firm based in Cleveland, and Durakon owner Littlejohn & Co. LLC, a private equity firm in Greenwich, Conn., will be the shareholders of the combined company. Details of the transaction were not disclosed.

A Helping Hand in Trying Times
Business New Haven
... Grondin succeeds L. Scott Frantz, who in November was elected to the state senate representing the 36th District (Greenwich). Since 1999, Grondin has been resident and CEO of Virginia Industries, a Rocky Hill manufacturer with annual sales of $15 ...

...more
Business New Haven
... Central Park West Apartment, New York, N.Y. Joeb + Partners Architects, LLC Greenwich

Juror comments: "The architect seamlessly tied four existing apartments together into one living space." "There is a ...

Anderson Kill merges with Calif. law firm
Business Insurance
... Anderson Kill's 79 attorneys, according to a statement from New York-based Anderson Kill. Anderson Kill offices in Greenwich, Conn., Newark, N.J., New York, Philadelphia and Washington will retain their current name. The offices in California will ...

Fed Officials Endorse `Big Stimulus' to Pull U.S. Economy Out of Recession
Bloomberg
... seems to be a consensus push to make it larger and larger,a Michael Darda , chief economist at MKM Partners LP in Greenwich, Connecticut, said in an interview with Bloomberg Television, referring to the coming stimulus package. While a ...

Family Law
Daily Business Review
... agreement stated Douglas-David was to receive $43 million in the event of divorce. The couple were married in Greenwich, Conn., in 2002 and have no children, although the agreement records her desire to do so. In a financial affidavit filed by ...

Bank of Little Rock Searching for Equity
ArkansasBusiness.com
... a foreclosure suit seeking repayment of a $41.5 million loan. Equity and its creditor, Silver Point Finance LLC of Greenwich, Conn., have since agreed to a restructuring agreement, according to U.S. Bankruptcy Court for the Eastern District of ...

Conn. residents give $575,000 to inaugural
News Times
... to the Presidential Inaugural Committee. Ten gave the maximum $50,000, including award-winning film director and Greenwich resident Ron Howard, and former state Treasurer Francisco Borges. The committee has collected more than $24 million from 1,176 ...

Ousted workers start ventures of their own
CrainsNewYork.com
... Lugossy, who lost his job as an equity trader at UBS in 2005, is now happily running Continental Wine & Spirit in Greenwich, Conn., which he bought in 2006. Downshifting To pay for the shop-which was as expensive as a new house, he says-Mr. Lugossy ...

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Tuesday, August 12, 2008

08/12/08 PRESS RELEASE - Glenn C. Van Deusen Appointed Principal at Congdon + Company as the Brand Strategy and Design Firm


Glenn C. Van Deusen Appointed Principal at Congdon + Company as the...

PRWeb

GREENWICH, Conn. (Business Wire EON) August 12, 2008 -- 'We are thrilled to add a person with such expertise and record of success at building companies and building brands to the Firm. Mr. Van Deusen's experience on both the client-side and the service-side of the industry and his skill at leading domestic and global businesses will provide our clients with unique insights and innovative ideas to drive their business results,' said Principal and Founder Arthur Congdon. 'His experience in consumer package goods, medical devices, and pharmaceuticals aligns with many of the important growth segments that contributed to our recent 50%+ increase in revenue.'

Most recently, Mr. Van Deusen was Corporate Vice President and Worldwide Head of Medical Communications at PAREXEL, with responsibility for four global operating units serving the bio/pharmaceutical industry. Earlier, he was a founder of two healthcare communications agencies for Publicis, one of the world's largest healthcare agency groups. Mr. Van Deusen also has 15 years of client-side experience that included general management in the medical device division of Bausch & Lomb and brand management positions with SmithKline Beecham and Procter & Gamble. 'I am delighted to join the talented, passionate team of professionals at Congdon + Company,' said Mr. Van Deusen. 'The Firm's long history of balancing strategy with creativity and delivering big ideas with exceptional customer service is very exciting to me and provides a powerful culture for continued growth.'

As companies scrutinize ways to garner the full potential of their existing and emerging assets, there is a trend to reexamine how well existing corporate and brand images support overall business strategies,' said Mr. Van Deusen. 'The opportunity to positively impact the financial performance of a business through stronger brand strategy and design has never been more crucial than in today's economic environment.'

'Congdon + Company has successfully grown over 25 years by staying focused on a passion for brand strategy and design and by continually exceeding expectations with big ideas, keen insights, and extraordinary execution. These principles will continue to drive our future growth,' said Mr. Congdon.

About Congdon + Company

Congdon + Company is a pure play brand strategy and design firm focused on the creation, design, and implementation of effective branding programs and communication materials. The Firm combines solid strategic thinking with inspired creativity, technical skill, and common sense to benefit clients and their businesses. Services include strategic brand guidance, brand naming, brand identity, logo development, and package design. Congdon + Company is an independent business located in Greenwich, CT and works in industries as diverse as healthcare, financial services, consumer package goods, electronics, pharmaceuticals, energy, food, and telecommunications. For more information, visit www.congdonco.com.


Media Contact:
Congdon + Company
Deidre Lee
203-552-5200

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Thursday, April 17, 2008

04/17/08 - The Russians Are Comming !!!! The Russians Are Comming !!!! The Russians Are Comming !!!!




Russian Billionaire Valery Kogan Outrages Greenwich, CT With ...
by The Huffington Post News Team

Greenwich, CT is in an uproar over a mysterious Russian billionaire's proposal to buy an $18 million home, tear it down, and build what would be the biggest home ever built in the tony Connecticut enclave - a 27,000 square foot supermansion. The billionaire in question is reportedly Valery Kogan, who has ties to Valdimir Putin.

The Connecticut property is the latest in a buying spree. Just last month he finished purchasing a huge beachfront lot in Israel, combining 5 neighboring properties, for about $17 million (scroll down for more). He'll be tearing down existing homes there, too.

The expansive plans for the new Connecticut home include 26 bathrooms, a billiards room, game room, Turkish bath, Finnish bath, a wine cellar and a dog grooming room.

Watch a detailed report on the Greenwich....

... Last monthKogan bought five lots in Israel for another home:
Valery Kogan was entirely unknown in Israel up until a month ago, when he drove the local business and real-estate world crazy by purchasing five lots in Caesarea, a total of 11.5 dunams, for $17 million, on which to build an estate. Amid the media circus, it was reported that the Jewish businessman is connected to the secret services in Russia, and that he is close to former president Vladimir Putin. Some imagined Putin coming to visit his close friend and the two of them walking along the beach in Caesarea.


The aura of mystery increased when news came of the impressive rise in Kogan's wealth, at least according to the Russian magazine Finans. In 2007 it showed him in 499th place on the list of the richest people in Russia, worth $90 million. A year later he skipped up to 157th place with $600 million.

The only thing that is known for certain is that Kogan is connected to East Line, which operates Domodedovo International Airport, the largest airport in Russia, with 13-14 million people passing through each year.

Business on HuffingtonPost.com - http://www.huffingtonpost.com/feeds/verticals/business/index.xml

MORE:

Mystery oligarch in a seaside town
By Shuki Sadeh


Valery Kogan was entirely unknown in Israel up until a month ago, when he drove the local business and real-estate world crazy by purchasing five lots in Caesarea, a total of 11.5 dunams, for $17 million, on which to build an estate. Amid the media circus, it was reported that the Jewish businessman is connected to the secret services in Russia, and that he is close to former president Vladimir Putin. Some imagined Putin coming to visit his close friend and the two of them walking along the beach in Caesarea.

The aura of mystery increased when news came of the impressive rise in Kogan's wealth, at least according to the Russian magazine Finans. In 2007 it showed him in 499th place on the list of the richest people in Russia, worth $90 million. A year later he skipped up to 157th place with $600 million.

The only thing that is known for certain is that Kogan is connected to East Line, which operates Domodedovo International Airport, the largest airport in Russia, with 13-14 million people passing through each year. According to the company's Web site, Kogan is chairman of the board.

hen it comes to other information about Kogan, there are serious questions. A source very familiar with the Russian government claimed last week that Kogan's wealth is estimated at only $100 million, and that he is not friendly with Putin. The source added that Kogan has only a few shares in East Line, and that the real owners prefer to have him serve as the frontman.

Officially, the owner of East Line is a holding company called FML Ltd., registered on the Isle of Man, which is located in the Irish Sea between Britain and Ireland and serves as a tax shelter. The owners of the company are two citizens of the island, Sean Keinars and Jane Penders, but the Russian source said that they apparently serve only as "straw men." A survey published last November by the international credit-rating company Standard & Poor's implies that the management of FML may warrant the attention of the Israel Money Laundering Prohibition Authority (IMPA).

Several Russian newspapers have written recently that Kogan's arrival in Israel may be related to attempts by the elements behind him to transfer sums of money of unknown origin from Russia to Israel, via companies that operate in tax shelters the world over. In addition, the journalists surmise that Kogan, even if he is not close to Putin, is quite close to government circles in Russia. A name that comes up in this connection is Boris Gromov, the governor of the Moscow region, who supports the Russian soccer team Saturn Ramenskoye. The fact that Arcadi Gaydamak also invests in the team raises questions about possible connections - at least some form of acquaintance - between him and Kogan.

Although Valery Kogan was unknown in Israel until recently, even in Russia people started taking a serious interest in him only after the news of the real estate deal, which made waves there as well.

"Since the deal went through, the Russian press has been all worked up, trying to find more information about him," said Alexander Kogan [no relation to Valery Kogan - S.S.], who works in the Russian-language press in Israel, last week. "Nobody knows how he really made all his money. Up until three years ago he was in the shadows. There are many mystery men in Russia who simply refuse to step into the spotlight."

Scandals in Russia

Valery Kogan, 57, married, a father of two and grandfather of two, lives in Moscow. He was born in Ukraine, apparently in a town called Mariupol (that was named Zhdanov during the Soviet era), on the banks of the Sea of Azov. According to the East Line Web site, Kogan served in the Soviet navy and worked in the diplomatic service. The site also mentions that he studied economics.

Finans, which has covered his business dealings in recent years, has written that Kogan, like many of the other oligarchs, made his money with the help of connections to the Russian administration during the period when the Soviet Union was divested of its assets. The magazine mentioned that his wealth increased greatly because of his flourishing airline business. East Line is also familiar in Russia thanks to Kogan's partner, oligarch Dmitry Kamenshchik - a rising star in the country's business firmament.

According to Russian press clippings, the company started out by opening a business for transporting merchandise between Russia and China. Kogan and Kamenshchik were involved over the years in several scandals, most of them actually associated with Kamenshchik. This may be because among the general public Kogan's name as the owner of East Line was revealed only three years ago, when the government tried to nationalize the Domodedovo airport.

One of the scandals that was reported is related to the company's real-estate transactions in the 1990s. One project in question involved the construction of single-family homes near Moscow on 60 acres of land that had housed a huge poultry farm. The owners of the farm sold the land to East Line, in exchange for having Kogan and Kamenshchik cover 50 percent of its debts, a sum of about $1.5 million. But Kogan and Kamenshchik managed to change the designation of the land from chicken runs to private residences and earned millions.

The Russian authorities claimed in 2000 that the two had carried out an underhanded deal, taking the land through deceitful methods, and changing its designation from agriculture to real estate with the help of government connections. In 2007 a lawsuit against the company was brought before the courts, and the matter is still under discussion in the judicial instances in Russia.

The first time the Russian public was exposed to Kogan and his East Line connections was in 2005. At the time a bitter conflict erupted between the authorities and the company regarding the leasing of the Domodedovo airport. The state threatened to nationalize the facility, although a 1997 agreement between the parties stated that the contract is valid for 75 years. In the end, the sides compromised on an annual payment of $1.2 million. However, the legal conflict regarding the question of ownership of the airport has yet to be resolved.

In the wake of the affair, Kogan also received support from a serious media figure: popular television personality Vladimir Solovyev, who has an investigative program and has in recent years been conducting a genuine crusade on behalf of Kogan and Kamenshchik. Solovyev claims that the Russian administration is persecuting East Line.

Since East Line received the airport, it has invested half a million dollars in it. According to Bank VTB, which is controlled by the Russian government, late in 2004 the company earned $450 million, with a net profit of $58 million. Early in 2005 the company issued bonds in order to build a new terminal at the facility.

In February 2004 the FML Ltd. holding company, which is behind East Line, received an international credit rating of B-. In a survey of FML carried out by Standard & Poor's in 2004, analyst Tatiana Kordyukova explained that the company's ranking was relatively limited - one reason being the functioning of its chairman. Said Kordyukova: "The ratings on East Line are constrained by the group's complex and nontransparent structure, the critical role the chairperson plays in most important matters concerning the company, a high reliance on its leasehold and operation of the Domodedovo airport complex, and limited access to capital markets." Four years later, the company's ranking remains B-.

Meanwhile in Caesarea, far from the eyes of the analysts, the planning committee of the Hof Hacarmel Regional Council approved the idea of combining all the lots purchased by Kogan. The demolition of the houses located on the land in question will soon get under way. Now Kogan has to submit the plans for the estate itself, which is being designed by Russian architects.

The new house, incidentally, will be registered in the name of Kogan's wife, Olga. The Web sites in Russia continue to report about the oligarch's huge future residence, emphasizing the fact that the entire project will cost about $50 million. Certain sites report that designers from Italy will be coming to Caesarea, and that the estate will include two houses, one of them three stories. The second, two-story building will have a spa. The estate will include tennis courts, and we can assume that the place will be well protected by means of guards and modern technology.

Alongside these descriptions, several Web sites expressed criticism of the construction carnival. One of them wrote, with no small degree of irony, that the time will come when Valery Kogan will build the first airport in Caesarea.

In the past two years, 15 Russian oligarchs have bought assets in Caesarea. Even before Valery Kogan's purchase, residents described the tempting offers they received for their homes; now they tell tall tales about how such offers increased after the deal was struck.

"There are many people showing an interest," said one resident last week. Another resident added: "Many representatives of oligarchs are walking around the neighborhood trying to find out who is selling, particularly on streets overlooking the sea. They come in luxury cars, impeccably dressed. In general, we're satisfied, because the value of the real estate is increasing. Anyone who doesn't want to continue living here can make a nice exit."

Some of the residents are actually not pleased with the new situation. Some are trying to keep Caesarea from turning into some alienated island, in total contrast to the vision of the founders, who in the 1960s hoped that there would be a flourishing communal life in the seaside town.

Those who are benefiting now, in any case, are the intermediaries. "Kogan bought at a price of $1.55 million per dunam (quarter acre), but now there's already an offer for $2.3 million," explains one, Avi Ben Yoav. "When they want to, these people work very fast. In one of the deals, the client arrived in the morning accompanied by his attorney, and at 4 P.M. a memorandum of agreement was signed between the buyer and the seller. That was a $2-million deal."

Source:

http://www.haaretz.com/hasen/spages/969661.html


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