Category Archives: Wall Street
September 2, 2010 – 5:37 am
File photo of the company’s headquarters overlooking the Navesink River. (Click to enlarge)
Homebuilder Hovnanian Enterprises slashed its net loss in its latest fiscal quarter, but still produced more red ink than Wall Street analysts were expecting, according to Bloomberg.
The Red Bank-based company racked up $72.9 million in losses in the period that ended July [...]
By redbankgreenman
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Also posted in Business, Economy, Government, Housing, Investing, Land Use & Zoning, Real Estate, Taxes
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Tagged earnings, homebuilder, homes, hovnanian, red bank nj, tax credit
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August 16, 2010 – 9:56 am
Forty-one-year-old financial advisor Stephen Severio of Fair Haven was sentenced to seven years in prison Friday after admitting that he defrauded clients out of more than $700,000, the Asbury Park Press reports.
Many of the 34 clients Severio admitting bilking were elderly, according to the Monmouth County Prosecutor’s office, which handled the case.
According to the Press, [...]
By redbankgreenman
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Also posted in Crime, Investing, Law & Justice
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Tagged advisor, Crime, fair haven nj, fraud, investment, john choma, merrill lynch, monmouth county prosecutor, sentencing, stephen severio
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Karen Siciliano, seen at Riverside Gardens Park, is celebrating her company’s 75th year in business. (Photo by Dustin Racioppi; click to enlarge)
By DUSTIN RACIOPPI
Something isn’t quite right inside Karen Siciliano’s Park Street office.
It isn’t the collection of framed awards and flattering magazine and newspaper stories tacked on the wall. It’s not the picture of her [...]
Hovnanian’s headquarters overlooking the Navesink River at Maple Cove. (Click to enlarge)
The misery isn’t over at Red Bank-based national homebuilder Hovnanian Enterprises, despite a brief return to the black two quarters back.
The company reported a net loss of $28.6 million in its second fiscal quarter, which ended April 30, compared with $118.6 million [...]
(Click to enlarge)
Ok, racing fans, start your engines for this week’s Indy 500-themed ‘Where‘ and see if you can find this checkered location.
Two major newspapers take a peek today into the world of technology-driven stock trading— and its connection to a whipsaw drop and rebound in prices earlier this month — by spotlighting a little-known Red Bank firm called Tradeworx.
In “humdrum” offices above the Restoration Hardware store on Broad Street, reporter New York Times Julie Crewell [...]
Urban Outfitters opened a store in Red Bank last November.
The parent company of the Urban Outfitters store in downtown Red Bank says first fiscal quarter sales at the chain rose nine percent from the year-prior period.
Philly-based Urban Outfitters Inc. doesn’t break out sales by location, but said sales at the 157-store chain rose to $174.2 [...]
Hovnanian’s headquarters, at the foot of Maple Avenue in Red Bank. (Click to enlarge)
Red Bank-based homebuilder Hovnanian Enterprises has agreed to pay $1 million for violations of federal Clean Water Act rules at 591 construction sites across the country, according to a federal Justice Department announcement.
The payment settles civil accusations that the company failed [...]
By redbankgreenman
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Also posted in Business, Environment, Government, Law & Justice, Pollution, Real Estate, Rivers & streams
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Tagged clean water act, Environment, hovnanian, justice, red bank
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Urban Outfitters opened its Red Bank store at the corner of Broad and West Front Streets in November. (Click to enlarge)
The parent company of the Urban Outfitters chain reported record fourth-quarter sales and a 92-percent jump in earnings today.
But sales were flat at the Urban Outfitters chain itself, with the gains coming from the [...]
The Dawkins estate in Rumson, as seen from the Navesink by redbankgreen in 2008. (Click to enlarge)
Let us stipulate right up front that Pete Dawkins does everything on a scale most of us mortals can only gape at in wonder.
Don’t know who he is? Check out his exhaustively comprehensive monument-to-self website, one befitting his [...]
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