Beer summit

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I can’t believe the flap over the arrest of Professor Gates will be discussed today over foreign beer at the White House. According to reports, Bud Light, Blue Moon and Red Stripe are on tap, and all are made by companies domiciled outside of the U.S. This occasion calls for American beer, perhaps some from […] [Read More]
Categories: General

The Who fans score some bucks

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This from FinAlternatives: A Man Group fund of hedge funds is making a big bet on a new sovereign-debt hedge fund founded by three Brevan Howard Capital Management veterans. RMF Global Emerging Managers has invested $50 million in Greenwich, Conn.-based 5:15 Capital Management, currently best known for being name for a song by The Who. […] [Read More]
Categories: General

Whose (fleet) is bigger?

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Looks like GE had an end-run planned around ILFC, the AIG unit and leases airplanes and the direct rival of Stamford-based GE Commercial Aviation Services. According to the wires, GE offered $2 billion to CIT over the weekend as it was struggling to find capital after Washington said no bailout for you. GE offered good […] [Read More]
Categories: General

Another scammer sentenced

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STAMFORD, Conn. – (AP) A former Greenwich man has been sentenced to three years in prison for an investment scam. Forty-seven-year-old Bradley Kabbash has also been ordered to pay more than $800,000 restitution for a scheme involving bogus investments in hospital and surgical centers. Kabbash had pleaded guilty in January to the charges. He was […] [Read More]
Categories: General

CIT again

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So it’s 7:45 on Friday, July 17, and CIT is still around and looking for financing to stave off a bankruptcy, or maybe for DIP financing if it has to file.  It can’t be pleasant knowing there is no Washington rescue, especially when all the investment banks are reporting strong profits based on their government […] [Read More]
Categories: General

CIT

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It’s hard to imagine what it’s like at 7 p.m. July 16 for the people at CIT. I’m sitting in the newsroom refreshing my wires to see if they’ve slipped stealthily into bankruptcy court, or if Treasury is arranging a sale to somebody with a little more strength. GE Capital? My other thought was Heller, […] [Read More]
Categories: General

President pointing fingers

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Just whom did President Obama mean when he said Friday at the conclusion of the G8 summit in Italy that “Reckless actions by a few have fueled a recession that spans the globe?” I’ve got a feeling that among them are the folks up at 50 Danbury Road in Wilton at AIG Financial Products. Yes, […] [Read More]
Categories: General

Up-to-date plane

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Well, Delta had it wrong on my itinerary, but the airline was consistent in telling me I’d be flying on 737-200, even though it had retired those old rustbuckets years ago. Even when I checked in online on Sunday, the Web page said to expect the old Boeing. But instead, a mint-fresh 737-700 pulled up […] [Read More]
Categories: General

737-200?

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My Delta itinerary tells me that I’m flying on a 737-200 Monday night from Atlanta to Hartford, flight No. 1756. This flight is usually operated by an MD-88, but the seatmap sure enough has 3-3 seating, not 3-2. I thought all the -200s had been melted into beer cans or sold off to maintenance-challenged airlines […] [Read More]
Categories: General

More Greenwich space on market

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An addendum to my post yesterday on unemployment and vacant office space in Greenwich. Today’s Wall Street Journal notes that Greenwich hedge funds Duff Capital Managment, Plainfield Asset Management and AQR Capital Management have all abandoned plans to add more space or are seeking to sublease new space they have contracted for. These funds are […] [Read More]
Categories: General