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Showing posts with label Investment Banking. Show all posts
Showing posts with label Investment Banking. Show all posts

Wednesday, February 11, 2009

02/11/09 The Raw Greenwich News Feed


Greenwich Roudup Once Again Spans The Globe To Bring You The Latest Information About Greenwich .....
TOP STORY:

Call Them RBS Stamford Capital Markets .....
The Royal Bank of Scotland Group Plc, the biggest U.K. government-controlled bank, plans to cut as many as 2,300 jobs, but none of them will be in the United States, according to an RBS spokesman based in Middletown.


"The 2,300 jobs were for RBS in the United Kingdom. Last year, RBS announced 2,700 layoffs globally. Of that, a very small fraction was in the U.S.," said spokesman Chris Riley....

... than 2,000 employees. They will come from leased offices in New York City, which will be vacated, and offices in Greenwich that house RBS Greenwich Capital Markets staff. "We've always said there would be 1,850," Riley said, commenting that of ...

Nymex Natural Gas Falls as Warmer Weather to Reduce U.S. Heating Fuel Use
Bloomberg
... heat. a oeWeather is working against you, not for you now,a said Tom Orr , research director at Weeden & Co. in Greenwich, Connecticut. Natural gas for March delivery fell 25.9 cents, or 5.4 percent, to $4.548 per million British thermal units at ...

Tin-eared Titans
The Nation
... beach-front mansion -- one of five houses the two of them owned, including their 8-bedroom main domicile in Greenwich, Connecticut -- and the lovely touch is the selling price: $100. That's right, one hundred bucks "in a possible attempt," writes ...

Jezebel Music Feature Show Thursday at Public Assembly
The Deli Magazine
... on Thursday, February 12. Will Popadic (vocals, guitar) is from Massachusetts, Yoichiro Fujita (bass) is from Greenwich CT, "though born someplace in Japan," and Jeremiah Joyce (drums) is from western Michigan, but it's Brooklyn The Jaguar Club has ...

AMD delays chip plant spin-off vote because of low turnout
ComputerWorld
... stockholder vote, expect to close the transaction in the next few weeks." Doug Freedman, a financial analyst at Greenwich, Conn.-based Broadpoint AmTech, accepted the company's explanation. "I just think the timetable on the proxy to vote was too ...

Currencies: Dollar slips after Geithner unveils bank rescue plan
MarketWatch
... the announcement of any resolution," said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Greenwich, Conn. The dollar's strength therefore was not an expression of confidence in U.S. assets, but rather the continuation of a ...

Housing group takes aim at 'predators'
Telegraph Herald
... 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 ...

================================================================
Please send your comments to GreenwichRoundup@gmail.com or click on the comments link at the bottom of this post.

Tuesday, February 10, 2009

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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Please send your comments to GreenwichRoundup@gmail.com or click on the comments link below.

Saturday, January 24, 2009

1/24/09 The Raw Greenwich News Feed: These guys are SCREWED , and that's exactly what they will get in prison (Updated)



TOP STORY:



GREED IS GOOD ????



Just more of those good old Republican family values we keep hearing about.....


Greenwich real estate developer Richard R. Girouard, faces two counts of conspiracy, financial institution bribery, and wire fraud; eight counts of money laundering; and a single count of bank fraud.


Developer indicted on bank fraud charges


BusinessWeek


NEW HAVEN

A Connecticut developer and his associate have been indicted on federal charges of participating in a scheme to rig bids on Fleet Bank's sale of distressed loans.....


.....Authorities say Girouard and his companies made about $6 million in profits from the scheme.

Girouard operated the company and Mayotte was the chief financial officer. The indictment alleges they paid $1.4 million for confidential bank information from a bank official to submit winning bids for Fleet Bank's sale of distressed loans.

Girouard and Mayotte also are accused of defrauding an investor of more than $400,000.

Telephone messages were left Friday for their attorneys.

The former bank official, Kevin J. O'Keefe, has pleaded guilty. Girouard's attorney, Paul Aparo, has pleaded guilty to bribery and fraud.....



Norwalk developer indicted for fraud


The Hour


NORWALK


By JAMES S. WALKER


Hour City Editor


A Norwalk businessman has been indicted along with his business associate for their roles in a fraud scheme that netted them approximately $6 million in profits, according to the Acting U.S. Attorney for the District of Connecticut.


Nora R. Dannehy announced Friday that a federal grand jury in New Haven returned a 15-count indictment charging real estate developer Richard R. Girouard, 54, of Norwalk, and Paul A. Mayotte along with two of his companies with conspiracy, financial institution fraud, bank fraud, wire fraud and money laundering.....


According to the indictment, Girouard operated Girouard Associates, Inc. and Richard Girouard Associates, LLC, formerly located in New Canaan and now in Greenwich, while Mayotte was the chief financial officer of Girouard Associates and a business confidant of Girouard. .....


......Girouard and Mayotte are charged with two counts of conspiracy, which carries a maximum term of imprisonment of five years, on each count; two counts of financial institution bribery, which carries a maximum term of imprisonment of 30 years, on each count; one count of bank fraud, which carries a maximum term of imprisonment of 30 years; eight counts of money laundering, which carries a maximum term of imprisonment of 10 years, on each count; and two counts of wire fraud, which carries a maximum term of imprisonment of 20 years, on each count. Several of these counts also carry a maximum fine of $12 million.


Girouard Associates and RGA are charged with one count of conspiracy, one count of bank fraud and two counts of financial institution bribery. Each count carries a maximum term of probation of five years and a fine of up to $12 million.The indictment was returned on Jan. 21. Friday,


Girouard appeared before United States Magistrate Judge Donna F. Martinez in Hartford and pleaded not guilty to the charges against him and his companies. Mayotte is expected to be arraigned next week.


O'Keefe and Aparo have been charged separately. Their cases are pending before United States District Judge Alvin W. Thompson in Hartford.


Feds charge Brookfield man with bank fraud, money laundering Danbury News Times


A Brookfield man was indicted Friday along with a Greenwich developer on charges of participating in a scheme to rig bids on Fleet Bank's sale of distressed loans.....


....The 15-count indictment alleges Girouard and his companies made about $6 million in profits from the scheme.

It also says Girouard and Mayotte engaged in another scheme to defraud an unwitting investor in one of the corrupt transactions with Fleet Bank (later Bank of America) out of more than $400,000, and that they conspired to launder that money.

Girouard, of Norwalk and Stuart, Fla., was a real estate developer and home builder in Connecticut who operated Girouard Associates Inc. and Richard Girouard Associates LLC, federal prosecutors said. The companies were formerly located in New Canaan and are now in Greenwich.

Mayotte was the chief financial officer of Girouard Associates and a business confidant of Girouard, according to authorities.


The indictment alleges the two conspired with Kevin J. O'Keefe, a vice president at Fleet Bank in Hartford, and with Girouard's lawyer, Paul J. Aparo, to commit financial ....


....In return for O'Keefe's assistance, federal prosecutors said, the two men paid him and Aparo about $1.4 million.

A grand jury returned the indictment Wednesday. Girouard appeared Friday before U.S. Magistrate Judge Donna F. Martinez in Hartford and pleaded not guilty to the charges against him and his companies.

O'Keefe and Aparo have been charged separately. Their cases are pending before U.S. District Judge Alvin W. Thompson in Hartford.

Assistant U.S. Attorney Eric J. Glover is prosecuting the case, and the Federal Bureau of Investigation is investigating.



Developer Indicted On Bank Fraud Charges
Hartford Courant


AP


NEW HAVEN - A Greenwich developer and his associate have been indicted on federal charges of participating in a scheme to rig bids on Fleet Bank's sale ...


....Girouard and Mayotte also are accused of defrauding an investor of more than $400,000.

Telephone messages were left Friday for their attorneys.J. Bruce Maffeo, attorney for Girouard's companies, which also were charged, said the companies deny the charges and expect to be fully vindicated.


The former bank official, Kevin J. O'Keefe, has pleaded guilty.


Girouard's attorney, Paul Aparo, has pleaded guilty to bribery and fraud.





THE RAW GREENWICH NEWS FEED CONTINUES......
New York Post
... The Garden is unlike any other place," said MSG Network's Jill Martin, who has had her hands full with her "Gimme a Minute" celebrity halftime interviews. "Athletes love to play here, the fans love to come here and celebrities love to sit back and take in the atmosphere."

There have been some dandy sightings - Hugh Jackman, Philip Seymour Hoffman, Phil Collins, Ron Howard, Jon Stewart, Whoopi Goldberg, Chloe Sevigney, Kevin Bacon, Howard Stern and Freddie Prinze Jr.

Celebrity row even made heavy gossip news when Tea Leoni and David Duchovny showed up together courtside with their kids amid a Page Six report of a potential reconciliation. All the gossip magazines - "People," "US Weekly," etc. - were all over their Knicks appearance.

Howard, whose film "Frost/Nixon" was about to come out, showed up in the first row on an invite from Greenwich, Conn., neighbor Allan Houston. Soon, Howard was hanging with the newspaper photographers behind the baseline, borrowing their cameras. The Oscar-winning director was seen getting tips on how to shoot a basketball game......

COMMENT:

Every Sunday Alan Houston Attends Harvest Time Church Up On King Street And Walks Right By Where Greenwich Roundup Volunteers At The Church Coffee Bar. He Always Gives A Friendly Hello As He Ushers His Family Upstairs For The Church Service With Pastor Glen.
But He Has Never Had Time To Stop And Get A Cup Of Coffee Or A Muffin.

Which Was OK, Because He Is A Very Busy Guy.

But Now Greenwich Roundup Is Saying:
"Wait A Minute. Alan Huston Has Time To Hang Out With
Opie From The Andy Griffith Show, but he doesn't have time to pick up a Bagel or muffin and watch the church service on the big screen TV?

I guess Greenwich Roundup is going to invite fellow Greenwich resident Ron Howard to the Harvest Time coffee bar and give him a muffin while I show him the banged up Olympus camera that I like to use to take crappy pictures of failed Greenwich School Administrators.
Then Houston is probably going to ask for a cup of Green Mountain Coffee and say."Ron, It's good to see you here at Harvest Time."
THE RAW GREENWICH NEWS FEED ONCE AGAIN CONTINUES.....

Critics wrestle with Rell's choise of WWE CEO for state Board of Ed
Stamford Advocate

By Brian Lockhart

A few months ago, Betty Sternberg, the state's first female commissioner of education who is leaving the post of superintendent of Greenwich public schools, took a phone call from Linda McMahon, chief executive officer of Stamford-based World Wrestling Entertainment.

"She simply identified herself as 'a Greenwich resident,' " Sternberg recalled, adding that a secretary filled her in on McMahon's role at the WWE. "I have an open-door policy if some member of the community wants to talk to me about something educational."

Sternberg said the two spoke about the federal No Child Left Behind Act and other topics.
Then two weeks ago, when Republican Gov. M. Jodi Rell announced the nomination of McMahon, 60, to the state Board of Education, Sternberg connected the dots.

"(McMahon) did not tell me she was being considered or was considering it," Sternberg said. "Now, of course, I put it together. . . . She was doing her homework."

McMahon's appointment, which requires legislative approval, has raised eyebrows. What, some pundits and residents have wondered, is Rell doing, asking a woman who presides over a pro-wrestling empire built on melodrama, violence and sex to set education policy and standards for Connecticut's children?. ...

...."I'm at a loss," Norwalk Schools Superintendent Salvatore Corda said when told about McMahon's background and televised exploits. "I wouldn't want to judge anybody without knowing them. If the governor made this appointment, I'm sure she had some rationale behind it. The governor's not a dumb person."

Stamford Schools Superintendent Joshua Starr said McMahon is a blank slate to him.

" I have no knowledge of Ms. McMahon and whether she'd serve the governor's purposes," Starr said. "I don't know what experiences she has in education."

McMahon has known Rell since the latter was lieutenant governor and has contributed to her campaigns.....

....Bruce Levine Mellion, head of the Norwalk teachers union, was not impressed with Rell's choice of McMahon......

....Sternberg said, adding she has not viewed the clips of McMahon's activities in the WWE ring but is not bothered by what she has heard.

"Clearly, there are all sorts of forms of entertainment," Sternberg said. "She's developed a viable, vibrant business a segment of society is interested in.".....

PLEASE SEE:
GREENWICH LOVES THE
RAW GREENWICH NEWS FEED
ON GREENWICH ROUND UP

GREENWICH ROUNDUP IS HERE TO SERVE
TOWN RESIDENTS WITH THE LATEST
NEWS ABOUT GREENWICH

HERE IS THE RAW GREENWICH
NEWS FEED FOR TUESDAY:

Greenwich Round Up Has Once Again
Been Spanning The Globe To Bring You
The Latest News About Your Town.....

M. Jodi Rell announced Saturday that she has appointed Linda McMahon of Greenwich, the WWE’s chief executive officer, to the 11-member Board of Education....
PLEASE ALSO SEE:

TheDay.Com

Business smarts aside, the governor's nominee to fill an empty seat on the state Board of Education raises questions of suitability.

Greenwich executive Linda McMahon is Greenwich executive Linda McMahon is certainly an accomplished and successful businesswoman. In fact, according to Gov. M. Jodi Rell's own press release recommending Ms. McMahon for the board that establishes academic standards and sets policy for Connecticut's 149 local and 17 regional school districts, she is “widely recognized as one of the entertainment industry's top female executives.”

Our disagreement is not with Ms. McMahon's business abilities, but rather her line of work. She is the chief executive officer of the Stamford-based World Wrestling Entertainment Inc., parent corporation of “Raw,” “Royal Rumble,” “Smackdown” and other productions that combine wrestling and acting for bizarre entertainment.

No Connecticut school would condone the ring behavior of the WWE's biggest headliners. Some lessons a child might learn from watching a WWE event: Being a violent bully is cool. Smashing someone over the head with a metal chair won't cause serious injury. Women are sex objects and attracted to the most brutish men. It's entertaining to make fun of people....
PLEASE NOTE:
The Greenwich Time Is
Behind The Times:
The First Time That Greenwich Time Published An Aticle Concerning McMahon's Appointment Was When Cub Reporter Colin Gustafson Filed This Late Night Education Report On The 15th.....
Staff Writer
Posted: 01/15/2009 08:08:08 PM EST
State lawmakers from Greenwich say they intend to give the World Wrestling Entertainment's chief executive a fair hearing about her qualifications when considering her nomination to the state's top.
Linda McMahon, 60, a Greenwich resident and chief executive of Stamford-based WWE Inc., has been nominated by Gov. M. Jodi Rell to help set education policy as a member of the state Board of Education.

McMahon, who co-founded WWE with her husband, Vince, in 1982, has been an occasional performer on its pro wrestling shows, nationally known for their choreographed fights, melodramatic story lines and outlandish behavior by burly, tough-talking performers.

In one episode, Linda McMahon can be seen before hundreds of spectators in a wrestling ring, telling a business-suited male performer, "You're fired!" before appearing to kick him in the crotch.

Though some editorial writers have raised questions about nominating an executive whose company has been accused of promoting fictional television violence, state Rep. Lile Gibbons, R-Greenwich, said McMahon deserves a fair hearing and should be judged on her credentials in education.

Nominees to the 11-member board "should be judged by the high standards they can bring to it," Gibbons said. "I'm more than willing to have an open mind and see what she brings.".....
...."I have always had a tremendous interest in how we educate our children," McMahon said in a statement in which she said she hopes to "be an advocate for a stronger education system in our state and our country."

She declined, through a spokesman, to be interviewed Thursday.....
McMahon, whose nomination was announced by the governor last weekend, must be approved by the General Assembly's Executive and Legislative Nominations Committee before facing a legislative confirmation hearing Feb. 5.

If confirmed, her term on the board would end in March 2011.
WHEN GREENWICH ROUNDUP TYPES:
THE GREENWICH TIME LISTENS......
The Next Morning (Thursday The 15th) Greenwich Time Managing Editor Bruce Hunter Told Cub Reporter Colin Gustafson To Call Up Linda McMahon To Get The Story. Linda McMahon Wasn't Talking So The Wet Behind The Ears Gustafson Was Stuck, Because He Really Didn't Have Any Hatford Contacts.
Thursday He Started Feverishly Calling Hartford To Try And Get Greenwich's New Freshmen Legislators To Give Him A Quote.
A Clueless Fred Camillo said, "I'm sure the governor has done her homework on whether (McMahon) is qualified."
The Story Was Feveriously Thrown Up On The Web At 08:00:05 On Thursday the 15th Some And The Story Was Reposted At The Stamford Advocate At 08:08:08
Google Analytics Shows That The Greenwich Time Server Repeated Visted Greenwich Time Web Pages About Linda McMahon And The WWE All Day Thursday.
Something Tells Greenwich Roundup That The Logs To Those Hearst Newspaper Server Will Probably Resolve Down To Managing Editor Bruce Hunter And Cub Reporter Colin Gustafson.
If We Said It Once
We Said It A Thousand Times.....
When Greenwich Roundup Types:
The Greenwich Time Listens....

To view a video of Linda " Ball Buster McMahon's performance, please visit: http://www.youtube.com/watch?v=oSZOBvtMCwQ.
HOWEVER, GREENWICH BLOGGER NICK "THE SLY" FOX
PROBABLY LIKES GOVERNOR RELL"S CHOICE:
ECW Champion Jack Swagger & Mark Henry vs. Matt Hardy & Finlay The Brian Kendrick vs. R-Truth Last Man Standing Match If MVP loses, Triple H loses his spot...
Both D-LO Brown and Val Venis have been released by WWE!!! More news to follow!
AND NOW ONCE AGAIN BACK TO THE RAW GREENWICH NEWS FEED:

Stamford Advocate
The Rams needed to respond after falling to the FCIAC's deepest and most experienced team in Greenwich. New Canaan also needed to accomplish this task ...

ROY-HART: Superintendent candidate Manko looking for next challenge Union-Sun & Journal
... out of Colgate University's master's of arts in teaching degree program. Teaching secondary social studies in Greenwich, Conn., Manko landed a full-time job with the district. That led to acceptance into Syracuse University's Maxwell School of ...
Norwalk Advocate
By Jesse Quinlan The ball was in the hands of the game's leading scorer, just as the Greenwich High School girls basketball team had hoped for. ...

CAKE: a Mid Career Retrospective of Sculptor and Visual Artist Don...
PRESS RELEASE PR.com
... in 1989. His success and many prestigious commissions (including the bust of William Finch at Bush Holly House in Greenwich, CT) have not stopped Desper from wading into new modes of creative expression. With the addition of poetry to his ...
The Choate News, CT
Under his leadership the girls played to a second place finish in the New England Championship, finishing behind only perennial powerhouse Greenwich Academy ...

Falling Asset Values, Job Losses Make Breaking Up Harder to Do for Couples
Bloomberg
... alimony by claiming their plunge in fortunes isna t short-lived, said Cynthia Hartwell , a divorce lawyer in Greenwich, Connecticut. Good Time a oeIf the breadwinner or your employer has been affected by the downturn, it is a good time to get ...
Ridgefield Press
Cara Lockwood and Rachel Morrison scored goals as the Ridgefield High girls hockey team avenged an early season loss with a 2-1 win over host Greenwich on ...

Linda Y. Tsai weds Richard C. Weinhart
Independent Press
She is an equity analyst at MKM Partners, a securities trading and research firm in Greenwich, Conn. She graduated from Barnard College and received an MBA ...
The Keene Sentinel, NH
... as a way to latch on to the Super Bowl buzz,” says Jack Trout, president of Trout & Partners, a marketing-strategy firm in Old Greenwich, Conn. ...

Innovations in the Third Dimension: Sculpture of Our Time at The Bruce Museum
Art Daily
The Bruce Museum in Greenwich, Connecticut, showcases forty-five masterpieces of modern sculpture in its major winter exhibition, Innovations in the Third Dimension: Sculpture of Our Time, illustrating how ...


Report: Tax revenue up $77.5M from year ago
Norwalk Advocate

There is a candle of hope out there in this ill economy, one retailer said Thursday, after the state reported a $77.5 million increase in sales and use taxes that business collected in December.

The state Department of Revenue Services' monthly tax revenue report showed Connecticut businesses collected $355.6 million from retail and other sales and rentals in December 2008, compared with $278.1 million a year earlier.

Collections were, however, down $47.5 million for the period of July 1 through Dec. 31, 2008, from the same period in 2007, the department said. Connecticut's fiscal year runs from July 1 to June 30.

In a monthly report on retail and food services released Jan. 14, the U.S. Census Bureau said national retail and food services sales amounted to $343 billion in December 2008, compared to $380 billion in December 2007. This is a drop of 2.7 percent nationally.

"We've been doing good," Jill Leonard Tavallo, a spokeswoman for Norwalk-based retailer Stew Leonard's, said Thursday. "Thank God people have to eat."

But Tavallo said this doesn't mean times are easy. "We notice the way customers buy has changed, but we haven't noticed a drop in our average sales."

She said people still are shopping at Stew's and the store ended up coming out ahead for 2008. The company is privately held and does not disclose sales figures. As a grocer, most of what Stew's sells is not subject to sales tax, including food for human consumption. ....

....Ansonia: $82.5 million, -1.4 percent Bridgeport: $1.1 billion, +15 percent Danbury: $4.4 billion, +171 percent* Greenwich: $1.2 billion, +5.1 percent ...


From small town to big screen
Waterbury Republican American
David is an auto enthusiast and his friend, Nick Pagani of Greenwich, is a classic car collector who frequently supplies movie studios with old vehicles. ...

Will Apple sue Palm over Pre?
DesignLines
... think the software is the key ingredient," he added. Brian Marshall, a financial analyst with Broadpoint.AmTech (Greenwich, Conn.) said he took Cook's response as a shot across Palm's bow. "That's who they seem to have in their sights," Marshall ...


Creditors Sue Archway Owner
Wall Street Journal
... committee is now resorting to baseless claims in a 'kitchen sink' filing at the 11th hour," said a representative of Catterton, of Greenwich, Conn. ...

Thirty-Year Treasuries Post Biggest Weekly Loss Since 1987 on Glut Concern
Bloomberg
... $62.5 billion in 10-year duration equivalents, according to David Ader , head of U.S. interest-rate strategy at Greenwich, Connecticut-based RBS Greenwich Capital Markets, another primary dealer. a oeWea re facing the largest sale of 10-year ...


Greenwich school takes CPR to heart
Stamford Advocate
But some 55 Greenwich Country Day School staff and faculty members lived down that reputation Friday during a mandatory CPR certification course. ...

Meet the New Majority, Same As the Old Majority
AmSpec Blog
... Whites than winning more black and Hispanic votes. They want Republicans to once again be able to carry places like Greenwich, Connecticut and Lincoln, Massachusetts.


Wilton instruments find new home
The Hour, CT
Wilton High School band director Frank "Chip" Gawle said Greenwich Music, Norwalk Music and Goldie and Libro Music Center in New Haven have agreed to help ...

ProSales Honors Top Dealers at IBS Event
Tools of the Trade
... in the industry. The 2008 Excellence Awards winners, locations, and categories are: Interstate + Lakeland Lumber, Greenwich, Conn. / Showroom Millwork Masters, Keene, N.H. / Marketing Construction Supply, Farmington, N.M. / Technology TW Perry's ...


Religion briefs
Stamford Advocate
GREENWICH -- Tony Campolo, a nationally known pastor, sociologist, social activist, author and commentator, will discuss "Faith and the Future of the ...

Hicks to Resign from United Rentals Board; Three New Directors Elected
Rental Equipment Register
... of the board. Wayland has worked tirelessly to advance our company, to the great benefit of all our stakeholders.' Greenwich, Conn.-based United Rentals is No. 1 on the RER 100.


Bulletin Board
Stamford Advocate
Girls Incorporated seeks teen girls ages 14-18 from the Greenwich area to participate in the National Corporate Camp for Entrepreneurs Competition. ...

Economy turning second homes into rental properties
International Herald Tribune
... "Now the rate of sales has gone way down." Many of HomeAway's new clients are like Debra and Bill Finerman of Greenwich, Connecticut, who in 2007 paid 800,000, or about $1 million at the time, for a two-bedroom apartment near the Seine in the Sixth ...


Community almanac
Stamford Advocate
LUNCH BUNCH For Greenwich residents older than 55 with a senior ID: four-course meal at Greenwich Hospital cafeteria, noon to 2 pm Saturday for $4.50.


22 CT and NY music students vie for GBS award
Connecticut Post
Municipalities represented in this year's competition are: Bridgeport, Greenwich, New Canaan, Orange, Easton and Milford, each with one candidate; ...

================================================================
Please send your comments to GreenwichRoundup@gmail.com or click on the comments link at the end of this post.

Tuesday, December 9, 2008

12/09/08 The Raw Greenwich Business News Feed


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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Please send your comments to GreenwichRoundup@gmail.com

Monday, December 8, 2008

12/08/08 The Raw Greenwich News Feed



Risk redux
Pensions & Investments
... be put out of business," said Clifford S. Asness, managing and founding principal of AQR Capital Management LLC , Greenwich, Conn. Indeed, as Leslie Rahl, president and founder of New York-based Capital Market Risk Advisors Inc., pointed out: "I ...

Town Says No
Wiscasset Newspaper
... to come up with a $250,000 payment got a quick thumbs down at Tuesday nights selectmens meeting. Point East, a Greenwich, Conn. firm which bought 400 acres of land from the town for the park several years ago, had plans to develop the park under the ...

Harmony Development Signs Mou with Florida State University to Develop Energy R&D Facility
Osceola County News Feed
HARMONY DEVELOPMENT, A STARWOOD CAPITAL AFFILIATE, SIGNS MOU WITH FLORIDA STATE UNIVERSITY TO DEVELOP ENERGY R&D FACILITY GREENWICH, CT/HARMONY, FL December 4, 2008 Harmony Development Company, an affiliate of ...

Shopping at the Plaza
JoongAng Ilbo English News
... Joel Warren and hair stylist Edward Tricomi, shops are each located at the Plaza, in West Hollywood and in Greenwich, Connecticut. The Rolls-Royce Phantom, loved by the super rich around the world, is the official vehicle to serve the top guests at ...

High-flying developer faces loan deadline
CrainsNewYork.com
... this cycle.' Mr. Lawlor declined to comment, but sources say that Broadway owes large sums to Lehman Brothers, RBS Greenwich Capital and many others. It's unclear how Lehman's bankruptcy will affect Broadway and its founder, who until recently was ...

Horsefolk
TIME.com
... and her team of two bays and a brown placed second. Surprise of the show was 15-year-old Joan Dixon of Greenwich, Conn. Miss Dixon, mounted on Colonel Vadim Makaroff's old chestnut mare, Melody Girl, jumped in the touch-and-out sweepstake, ...

Not much needed to get a good cardio workout in racquetball
Democrat & Chronicle
... History: Pro tennis and handball player Joe Sobek is credited with inventing the sport in the 1950s in Greenwich, Conn. The first games were played on existing handball courts. Hall of Famer Marty Hogan, the sport's first pro millionaire, is ...

For Workers, Medical Bills Add to Pain as Firms Fail
StartupJournal
... that is exacerbating health and money problems for tens of thousands of people nationwide. Catterton Partners, a Greenwich, Conn.-based private-equity firm that owned 72-year-old Archway, scrambled to find financing as it struggled with surging ...

Former Olympian helps budding show jumpers
The Knoxville News-Sentinel
... riding and the skills he has to teach them." Leone, a member of the United States Equestrian team, owns a farm in Greenwich, Conn., and spends most of his time competing in events, riding and training horses, and teaching riders how to compete at ...

Spike Scores a Goooaaalll!; Ain't the Taint Grand?; Gangsing Up on ...
New York Press
... who told me to call the taxi and limo office. Frantic and exhausted, I decided to take the express train to Greenwich, which left right away. I had some change left from the taxi, which I had stuffed in my coat pocket. The nice train conductor ...

Palm Beach 911: Thefts, Lost Property, Suspicious Incident, Arrests, Fire-Rescue
Palm Beach Daily News
... LOST PROPERTY Bracelet missing - A woman called police Tuesday from Greenwich, Conn., to report she had lost a custom made 14-karat gold bracelet while visiting her mother in Palm Beach. Cab permit gone ...

Thursday, April 10, 2008

04/10/08 - Wall Street in D.C. - Wall Street Lions and Washington Lambs


Where Are The Answerers On The Huge Bailout

Robert D. Novak: Unanswered questions about the bailout of Bear Stearns

UnionLeader.com

AT LAST Thursday's Senate Banking Committee hearing on the government's historic bailout of Bear Stearns, two questions were expected. Who set the initial bargain basement price of $2 a share for the investment bank? Who picked JPMorgan Chase as the fortunate buyer? Those questions were not clearly asked, and were not answered at all.

The hearing was televised and attracted a packed audience. Details of the government's extraordinary intervention promised a tense interrogation. But this was not the customary confrontation between lame-duck Republican officials and majority congressional Democrats. On either side of the table were brothers, as if Wall Street had moved to Washington...

... as an adviser to Democratic presidential candidate John Kerry. The Treasury's Steel, a Dodd constituent as a Greenwich, Conn., resident, is a political switch-hitter contributing to both parties. His Democratic recipients include John Edwards, ...

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